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Posts published in “Day: July 10, 2024

‘Big names won’t intimidate Copper Queens!’

By GODFREY DUBE – WOMEN’s national team midfielder Misozi Zulu says the team has enough quality to handle the teams in the group at the 2024 Paris Olympic Games.Speaking in an interview, Zulu said the team was equal to the task at the Games.She said this was coming from playing some of the biggest teams […]

Arrows are good to go – Chisi

By SHAMAOMA MUSONDA – RED Arrows coach Chisi Mbewe says his team is going into the 2024 CECAFA Invitation tournament to fine-tune for the CAF Champions League but would take a championship win with both hands.Speaking in an interview ahead of their tournament opener tonight against Kenyan champions Gor Mahia, Mbewe said his charges were […]

ICR set for this weekend

By GODFREY DUBE – YASH Life Science has pumped in K200, 000 towards the staging of the 24th edition of the Inter- Company Relay (ICR) set for this weekend, reducing the organisers deficit to K450, 000.At this year’s edition, the Zambia Athletics (ZA) is targeting to raise K1.5 million with a net of K500, 000 […]

‘Sort Chipolopolo crisis!’

SPORTS Minister Elvis Nkandu says the Football Association Zambia (FAZ) should ensure the men’s national football team act is put together ahead of the 2025 Africa Cup of Nations (AFCON) qualifiers.In an interview yesterday, the minister voiced concern over the team’s recent poor form and so the need to ensure the team was in good […]

Buy as much maize as possible, millers urged

By CHATULA KANGALI – BUY ZED Campaign has urged millers to ensure that they buy as much maize as possible to reduce their dependency on the Food Reserve Agency (FRA).Campaign founder Evans Ngoma said in an interview that millers should go into the market and start buying maize for their future use.Mr Ngoma observed that […]

ZICB, Airtel Business sign deal to provide 4G and 5G internet services to SMEs

By CHATULA KANGALI and ANDREW MULENGA – THE Zambia Industrial Commercial Bank (ZICB) has signed an agreement with Airtel Business to provide digital connectivity by the use of 4G and 5G internet devices to the bank’s Small and Medium Enterprise (SME) customers.ZICB acting chief executive officer Louis Kabula says the bank supports the growth of […]

BoZ advises public to ignore notice on phasing out of cheques

By SNIKE MZULAH and KETRA KALUNGA – THE Bank of Zambia (BoZ) has advised the general public to ignore a notice circulating on social media on the phasing out of cheques as an instrument of payment in the country.BoZ Assistant Director-Communication Besnat Mwanza says the central bank is currently discussing the possibility of phasing out […]

‘ZRA has generated K416m since start of smart invoicing system’

By ANDREW MULENGA – THE Zambia Revenue Authority (ZRA) has generated over K416 million since rolling out the smart invoicing system in December last year, and transmitted a total of 195, 438 invoices worth K7.2 billion.ZRA Commissioner General, Dingani Banda said as of July 04, 2024, the authority transmitted K416, 774, 380.77 of tax and […]

ZICB takes over Investrust Bank’s customers, assets

By ANDREW MULENGA – THE Zambia Industrial Commercial Bank (ZICB) will from July 15, 2024 take-over all customers with outstanding deposit balances at Investrust Bank Plc as well as some of the insolvent Bank’s assets.This follows a Purchase and Assumption (P&A) transaction between ZICB and the Bank of Zambia (BoZ) which is pursuant to section […]

$511m drought relief support flows in – Veep

By JAMES KUNDA – VICE-PRESIDENT W.K Mutale-Nalumango says cooperating partners have so far provided Zambia with US$511 million in drought relief support of the estimated US$940 million.Ms Mutale-Nalumango said this was both in pledges and actual disbursements, with the support coming from institutions such as the World Bank and United Nations (UN) as well as […]

Jay Jay wanted plea bargain – Kawana

By JOSEPH BANDA – PEATUKE Member of Parliament (MP) Emmanuel ‘Jay Jay’ Banda wanted to enter into a plea bargain with the State for him to say the truth in order for his alleged abduction case to be dropped, it has been revealed.Information and Media permanent secretary Thabo Kawana and his Home Affairs and Internal […]

KCM miners get pay-rise

By KENNEDY MUPESENI – KONKOLA Copper Mines (KCM) has awarded miners a 20 per cent salary increment and elated mine unions described the move as a game changer.Vedanta Resources director of communications Masuzyo Ndhlovu said in a statement yesterday that KCM signed a collective agreement covering a wide range of benefits including a 20 percent […]

FIC Report reveals 100 firms’ unusually high $2.5bn cash deposits

By CHUSA SICHONE – THE Financial Intelligence Centre (FIC) has disclosed that its analysis of Suspicious Transaction Reports (STRs) involving more than 100 companies revealed that their large cash deposits at various local commercial banks were inconsistent with their known profile.The STRs and Currency Transaction Reports analysed revealed unusually high cash deposits of up to […]

ECL loses bid

By JAMES KUNDA – FORMER president Edgar Lungu has lost his bid to have the Constitutional Court (ConCourt) dismiss a petition challenging his eligibility to contest future elections.The petition was filed by Lusaka youth activist Michelo Chizombe who cited Mr Lungu, the Attorney General and the Electoral Commission of Zambia (ECZ) as first, second and […]