Rainbow news zambia

Aggrey Chiyangi recounts path to Green Eagles FC

  CHIYANGI RECOUNTS PATH TO GREEN EAGLES BY GILBERT SIMAANZI AND MULENGA MUSONDA AGGrey Chiyangi’s dream of becoming a professional footballer and a coach started way back while at school in Kitwe the third largest city in Zambia. Chiyangi born in a family of eight to Mr and Mrs Jonas Chiyangi he played for a school team at Wusakile Primary School and later went on to play for Kitwe Boys Secondary School from 1979 to 1983. While still playing for a school team at primary level little Chiyangi described the match against Butotelo as one of the worst moments during...

Release Luanshya Mine employees, under covid 19 quarantine, NDC Roan MP Joseph Chishala urges China Nonferrous Metal Mining

By Derrick Sinjela in Lusaka In a Tuesday 15th September, 2020 Press Statement National Democratic Congress (NDC) Member of Parliament (MP) Roan Joseph Chishala pleaded with Luanshya Copper Mines PLC to set free miners illegally kept under quarantine by the Chinese Company. Mr. Chishala, an NDC Labour Chairperson Labour appealed to Luanshya Copper Mines PLC to immediately free the miners who illegally kept under quarantine by the Chinese Company. China Nonferrous Metal Mining (Group) Co., Ltd. (abb. CNMC, Chinese: 中国有色矿业集团公司​) is a Chinese corporation involved with the mining of non-ferrous mineral resources. Speaking to journalists in Lusaka, Chishala said, as...

Mines Union of Zambia President Joseph Chewe prods government to expedite Konkola Copper Mines liquidation…as Richard Musukwa vows to protect Zambian interests

Mines Union of Zambia President Joseph Chewe prods government to expedite Konkola Copper Mines liquidation By Derrick Sinjela and Luswepo Mutepuka Kwilanzi News Zambia MINES Union of Zambia (MUZ) President Joseph Chewe is urging Government to expedite the liquidation process at Konkola Copper Mines, as doing so is in the best interest of miners and surrounding communuties. In May 2020, the Zambian Government filed an official document before the Lusaka High Court indicating interest to commence the liquidation of assets at Konkola Copper Mines (KCM), the world’s wettest mine, majority-owned by Vedanta Resources, an Indian firm. But Mr. Chewe says there...

‘Tortoise K10 billion Bank of Zambia stimulus package disbursements’ worries Kelvin Chisanga

‘Tortoise K10 billion Bank of Zambia disbursements worries Kelvin Chisanga By Kelvin Chisanga, Communications Specialist BOZ Stimulus Package currently on low economic endorsements, a portion swayed to social benefits on Individuals and households! The K10 billion stimulus package that was set up primarily to cushion the aggressive economic impact driven by COVID-19, was facilitated as a targeted and focused forward-looking economic measure as tactical tool to help in revamping the local economy through refinancing of economic agencies on a medium term conditions, with a maximum repayment tenure cycle of five years for strategic projects and minimum of two years based...

Friday 11th September 2020 Transparency International Zambia (TI-Z) Chapter President Rueben Lupupa Lifuka Media Statement on the 2019 Trends Analysis Report by the Financial Intelligence Centre

Friday 11th September 2020 TI-Z Media Statement on the 2019 Trends Analysis Report by the Financial Intelligence Centre By Rueben L. Lifuka Chapter President Transparency International Zambia House No. 128 Mwambula Rd Jesmondine P.O. Box 37475 Lusaka, Zambia Telefax: +260 1 293649 E-mail: tizambiageneral@gmail.com Website: www.tizambia.org.zm TRANSPARENCY International Zambia, has taken some time to critically review the 6th Money Laundering and Terrorist Financing Trends Report for the year 2019 released on Wednesday 2nd September 2020. This report was much anticipated by the general public for several reasons. Firstly, the Financial Intelligence Centre has in its short period of existence, earned...

Kelvin Chisanga’s currency prayer: “Zambian Kwacha’s outright performance needs serious housekeeping!

Kwacha’s outright performance needs serious housekeeping! By Kelvin Chisanga, Communications Specialist in Lusaka, Zambia On Monday 7th September 2020, this week, we saw the Kwacha continued in sliding against the US dollar as supply from corporate sellers and exporters appear to have dwindled much further amidst some relatively stronger demand on the interbank coupled with the prevailing country’s macroeconomic instabilities. In the recent weeks, we have continued to seeing depreciation accelerating in the Kwacha due to dwindling US dollar which has remained subdued. Going forward, the local unit will likely to start receiving some relief if the markets get stabilised...

Zambia Airways is a game changer, brags Mutotwe Kafwaya …as CAA grants Zambia Airways Limited Aviation Operators License Certificate

Zambia Airways is a game changer, brags Mutotwe Kafwaya …as CAA grants Zambia Airways Limited Aviation Operators License Certificate By Derrick Sinjela in Lusaka, Zambia TRANSPORT and Communications Minister Mutotwe Kafwaya says once she takes to the sky, Zambian Airways will change the hospitality and economic profile. Speaking as he witnessed Civil Aviation Authority (CAA) Director General Gabriel Lesa hand-over an Air Operators Aviation License to Zambia Airways Limited Chief Executive Officer Bruk Endeshaw, Mr. Kafwaya rejoiced over a milestone that will anchor domestic, regional and international hospitality. Mr. Kafwaya, who is Patriotic Front (PF) Lunte Member of Parliament (MP)...

Kelvin Chisanga’s timely advice: “

Kwacha needs strong local policy backing to act as a ‘shifting spinner’ on dynamic local market trends! …writes Kelvin Chisanga The Kwacha is on a serious sinking spin, our native currency is under some strict pressure. Its high time that the country reflected on investing in its local content, in-country industrialization processes, and also objectively look at some motivating market driven-policies to boost productivity and advance the economy to higher heights but we will have to work on strengthening regulatory and legal framework in order to encourage local brand confidence amongst the Zambian citizenry. The Kwacha’s devaluation has in the...

…prods Kelvin Chisanga: “Beat inflation by engaging on long term investment with proven financial security!

  Beat inflation by engaging on long term investment with proven financial security! By Kelvin Chisanga, Communications Specialist, in Lusaka, Zambia, Southern African Development Community (SADC) This current economic furnace being undertaken shall spring forth giants and one out there, will ask a question how possible can someone survive on savings to beat the daunting heats of inflation. Inflation rate is a fact of life and this is an obvious case if I qualify in that sense, inflation therefore represents the cost of goods and services and the increase rate recorded over time. It is worthy to note that Zambia’s...

STANBIC to work with ZAM to drive industrialisation says Chief Financial Officer Mwindwa Siakalima

STANBIC to work with ZAM to drive industrialisation says Chief Financial Officer Mwindwa Siakalima Media Release with Pictures Monday 7th September, 2020 Lusaka, Zambia STANBIC Bank Zambia says it is prepared to work with the Zambia Association of Manufacturers (ZAM) and other stakeholders to accelerate the country’s economic diversification through value addition. The World Bank estimates Zambia’s manufacturing sector contributes less than 10 percent to national GDP. Bank Chief Financial Officer Mwindwa Siakalima noted that despite the rising numbers of COVID-19 cases, the country could ill afford to implement a full lockdown to flatten the curve due to its heavy...

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