CHATULA KANGALI-ZANACO Bank Plc investment securities have increased by 53 per cent in the year ending June, 30 this year.The investment securities grew from K6, 952 million in the prior year to K10, 608 million in June this year.According to the audited financial results posted by the Lusaka Securities Exchange Commission (LuSE), the group continued […]
Posts tagged as “Lusaka”
Lusaka is the capital and largest city of Zambia. It is one of the fastest developing cities in southern Africa. Lusaka is in the southern part of the central plateau at an elevation of about 1,279 metres (4,196 ft). As of 2019, the city’s population was about 3.3 million, while the urban population is estimated at 2.5 million in 2018. Lusaka is the centre of both commerce and government in Zambia and connects to the country’s four main highways heading north, south, east and west. English is the official language of the city administration, while Nyanja and Bemba are the commonly spoken street languages.
By EMILY KUWEMA-ELECTRICITY consumers in Lusaka have rejected Zesco’s application to increase electricity connection by an estimated 213 per cent.However, the power utility company has defended the proposed hike, saying if the connection fees remain unchanged, the resulting effect on the economy would be loss of business opportunities and income for Small and Medium Enterprises […]
By JAMES KUNDA – LUSAKA mobile money agent Pamela Chisumpa, who has been missing since April, this year, has been found in Lusaka’s Chalala area, along with 12 other girls in a suspected case of abduction.Inspector General of Police Lemmy Kajoba said in a statement yesterday that the 13 girls were rescued from a house […]
By JAMES KUNDA-FINANCE and National Planning Minister Situmbeko Musokotwane has said the Constituency Development Fund (CDF) access guidelines will be simplified to allow constituencies make decisions with minimum approvals from the ministry of Local Government and Rural Development headquarters in Lusaka.Dr Musokotwane said the guidelines would be simplified to enhance the uptake of allocations under […]
By JAMES KUNDA-the Anti- Corruption Commission (ACC) has arrested Lusaka businessman Francis Muchemwa for possession of property worth more than K12 million, suspected of being proceeds of crime.ACC chief corporate affairs officer Timothy Moono said Mr Muchemwa, 38, of L/26392/M in Silverest area Chongwe, alias ‘Commander Two’, had been arrested and charged with five counts […]
[Graça Machel Trust] It has been over 29 years since the Zambian Federation of Associations of Women in Business (ZFWAB), which hosts the Graça Machel Trust's Network of Women in Business (NABW), was established. Located in Lusaka capital of Zambia, ZF...
By DOROTHY CHISI –THE National Savings and Credit Bank (NATSAVE) and the National Health Insurance Management Authority (NHIMA) have implemented the National Health Insurance Scheme (NHIS) aimed at providing health insurance cover to all citizens, and established residents.NATSAVE chief executive officer Malcom Chabala said during the signing of a Memorandum of Understanding (MoU) in Lusaka […]
By JOSEPH BANDA-CHIKONDI Foundation chairperson John Mambo has accused Lusaka Archdiocese Bishop Alick Banda of issuing a veiled political statement on the issue of homosexuality.Bishop Mambo said he read the statement issued by Archbishop Banda with astonishment and was perplexed and did not know whether to term it theological, doctrinal or political. Read more
By SANDRA MWILA-Agosto 1-1 Arrows (AGG 2-1)RED Arrows coach Chisi Mbewe says bowing out of the CAF 2022/23 Champions League at first attempt is painful.Arrows managed to score but the 1-all draw was not enough as their hosts Clube Desportivo Primeiro de Agosto sailed through to the first round having won 1-0 in Lusaka a […]
By JAMES KUNDA-ACTION-AID Zambia says writing off Zambia’s external debt will give efficacy to the ongoing restructuring programme.On Friday, more than 100 economists and development experts called for asset manager BlackRock and other holders of Zambian bonds to cancel some of the country’s debt.Acton-Aid country coordinator Nalucha Ziba said in an interview in Lusaka yesterday […]
By JAMES KUNDA-THE Food Reserve Agency (FRA) will immediately reopen all buying for maize, soya beans and rice, Agriculture Minister Mtolo Phiri has announced.“This follows the public outcry that indicated that farmers still had significant stocks to offload,” Mr Phiri said in a statement in Lusaka yesterday.He said under the Farmer Input Support Programme, the […]
By JAMES KUNDA-SPORADIC rainfall is expected in most parts of Zambia especially in the extreme northern parts of the country during the period September 18 to 23rd, the Zambia Meteorological Department has said.“This will be due to the Congo air boundary, with generally moist and unstable airflow from northwest which is expected to cover most […]
By EMILY KUWEMA-ZAMBIA Statistics Agency says that it has covered 97 per cent ground in its 2022 National Census of Population and Housing countrywide but that it has not performed well in three constituencies in Lusaka.Interim statistician general Mulenga Musepa said during the weekly briefing in Lusaka yesterday that the majority of the population in […]
[VOA] Lusaka -- Zambian rights groups are calling on the government to make good on a vow to repeal a defamation law they say is being used to silence critics of President Hakainde Hichilema. The call comes after Zambian police arrested an opposition l...
By JAMES KUNDA-AMOUNTS totalling K2.6 billion were irregularly paid out by the government between 2017 and 2021 out of which more than K700 million was paid to nearly 10,000 unaccounted for workers in 19 government ministries.This is according to the Office of the Auditor General’s Report on Government payroll for 2017-2021.Announcing the report’s findings to […]
By MAIMBOLWA MULIKELELA-ZAMBIA Bata Shoe Company Plc is this year expected to produce more than 500,000 pairs of shoes due to improved planning and commencement of the third shift in May 2022.The company foresees a record production of over 500,000 pairs of shoes compared to 417,000 pairs manufactured last year due to the new planning […]
By JOSEPH BANDA-A FORMER Zambia Revenue Authority (ZRA) employee has appeared in the Financial Crimes Court in Lusaka facing 18 counts of theft by servant.Sami Sami, 42, a former accounts assistant at ZRA who is alleged to have stolen more than K174,000 appeared before Magistrate Faides Hamaundu.The brief facts of the case are that Sami […]
By RONALD CHAWE-THE Chess Federation of Zambia (CFZ) has promised to deliver free and fair elections next month.The CFZ will on October 29 hold its elective annual general meeting at the venue to be announced later after the executive committee members convene in Lusaka tomorrow.CFZ president Mukubulo Chilufya said in an interview yesterday that nominations […]
By MAIMBOLWA MULIKELELA-CHILANGA Cement PLC has reported a reduced sales revenue of K803 million for half year ended June 2022.This is down by 16 per cent compared to sales revenue recorded in 2021, according to unaudited financial results for the half year ended June 2022 posted by the Lusaka Securities Exchange (LuSE).The company recorded profit […]
By JAMES KUNDA and JOSEPH BANDA-THE International Monetary Fund (IMF) says the US$1.3billion approved for Zambia by the fund’s executive board is a 10-year concessional loan.Meanwhile, Bank of Zambia (BoZ) Governor Denny Kalyalya says 50 per cent of the fund will be used for budget support, while the other half will be allocated towards enhancing […]