Author: editor

Zambia Chamber of Mines media statement on SADC drivers transporting minerals

              Issued by Zambia Chamber of Mines Thursday 9th November, 2023 Media Statement Zambia Chamber of Mines responds to protest by truck drivers in the Democratic Republic of Congo over risk allowance for movement of mineral loads Viral social media misinformation of SADC country drivers fuelling industrial unrest in transportation of goods for the mining sector. It has been brought to the attention of the Chamber of Mines membership by the Truckers Association of Zambia (TAZ) that there have been misinformed claims on regional social media wrongly alleging that mining companies in the Democratic...

FNB Zambia launches FNB Foundation and donates K1 million to upgrade Kalikiliki Health Post

Lusaka, Zambia – Wednesday November 2023 – First National Bank (FNB) Zambia has announced the launch of the FNB foundation, an independently run entity which will be a special purpose vehicle to manage and accelerate the Bank’s corporate social impact. The FNB Foundation activities will be premised on the deliberate focus on the United Nations Sustainable Development Goals (SDGs) and Societal priorities outside FNB’s core business activities to allow the Bank to truly help to create a better world. Speaking at the launch, FNB Zambia Board Chairman, Mr. Richard Mazombwe said that the Bank sees itself as part of the...

Joint Press Statement by Zambia Free Press Initiative (ZFPI) and Media Owners Association of Zambia (MOAZ)

JOINT STATEMENT BY THE FREE PRESS INITIATIVE AND MEDIA OWNERS ASSOCIATION OF ZAMBIA ON THE NEED FOR JOURNALISTS TO BE ACCORDED A SAFE AND DIGNIFIED ENVIRONMENT DURING COVERAGE OF STATE FUNCTIONS   By Joan Chirwa -FPI Founder and Costa Mwansa-MOAZ President The Zambia Free Press Initiative, a non-profit media organization that advocates for press freedom, excellence in journalism and respect for human rights, and the Media Owners Association of Zambia are in receipt of numerous complaints from journalists on the poor treatment they are made to endure during coverage of state functions. Some of the complaints raised include lack of seats...

Monday 6th November 2023 PRESS STATEMENT BY THE MINISTER OF LABOUR AND SOCIAL SECURITY RENDA MWIKA TAMBATAMBA ON THE REVISION AND FORMULATION OF THE MINIMUM WAGES

REPUBLIC OF ZAMBIA MINISTRY OF LABOUR AND SOCIAL SECURITY PRESS STATEMENT BY THE MINISTER OF LABOUR AND SOCIAL SECURITY RENDA MWIKA TAMBATAMBA ON THE REVISION AND FORMULATION OF THE MINIMUM WAGES – Monday 6th NOVEMBER 2023 1. I WISH TO UPDATE THE NATION THAT ON 30TH OCTOBER 2023, CABINET APPROVED THE ISSUANCE OF STATUTORY INSTRUMENTS ON THE MINIMUM WAGES AND CONDITIONS OF EMPLOYMENT. THE APPROVED MINIMUM WAGES AND CONDITIONS OF SERVICE WILL COVER DOMESTIC WORKERS, SHOP WORKERS, AND ALL OTHER WORKERS WHO DO NOT FALL IN THE TWO CATEGORIES MENTIONED. 2. THE APPROVED MINIMUM WAGES AND CONDITIONS OF SERVICE WERE...

M-Net to show Succession weeknights at 10pm

        By Derrick Sinjela  and Simon Banda M-Net (DStv Channel 102) revamped its weeknight 10pm slot with the addition of HBO’s highly acclaimed and award-winning series Succession since Monday 6th November, 2023 In a Tuesday 7th November. 2023 Press Release signed by MultiChoice Zambia Limited, Head of Corporate Affairs, Chilufya Mwelwa. all four Succession seasons will be broadcast with a new episode releasing every weekday evening at 10pm. Succession has taken the world by storm and has garnered an impressive 121 awards and 263 nominations including at the BAFTA’s, Primetime Emmy’s, Golden Globes and many more –...

Kwacha reacts to signal sent to the market!

  By Kelvin Chisanga The Kwacha has continued sliding into some marginal losses owing to the fact that there is a reactive effects with the market players adjusting to the policy shifts, amidst the heavy upbeat use of US Dollar within the local market on an account of driving importation processes in key commodities such as fertilizers, fuel, medicine, etc., which also includes purchases on consumer charismas goodies strongly making up on the pack of the list of factors underplaying Kwacha’s strength. The Kwacha this week is seeing very much reactive to signals sent in the market as it has...

Wesley Miyanda deems proposed Speaker Nellie Kashumba Mutti impeachment as Brought-in-Dead case

PRESS STATEMENT Monday, 6th November,2023 The proposed motion to impeach the Honourable Speaker of the National Assembly, Madam Nelly Mutti by some opposition and Independent Members of Parliament is but a B.I.D. and misplaced issue which can not easily go through. Infact, the issue in question is an academic exercise which is more theoretical than practical. The whole idea behind the said motion is to try and cause confusion in the House by Opposition lawmakers in their quest to turn the National Assembly into a battle zone. The current Speaker of the National Assembly, Madam Nelly Mutti has been presiding...

Respect judgements, Kasote Singogo advises politicians

Respect judgements, Kasote Singogo advises politicians By Lwendo Kunda Party of National Unity and Progress (PNUP) Deputy President Kasote Singogo has urged politicians to respect judgments delivered by the Zambian judiciary. In a Thursday, 14th September, 2023 Press Statement made available to Pan African Radio 96.1FM in Lusaka, Mr. Singogo is disheartened at political statements that are being made labelling judgment as political bias. Speaking as Pioneer Influence Founder,  Singogo says the law is being interpreted based on pieces of legislation put in place by Parliament, adding that it is important to take the right channels in revising the law...

Increment in Statutory Reserve Ratio by BOZ, puts seasonal productive raw materials in tight corner!

By Kelvin Chisanga The 3% or 300 basis point increases to be witnessed by the local banking and financial market in Zambia starting from 13th November, will cause a lot of market distortions even if the main aim is a view around medium term targeting toward efforts of stabilizing Kwacha but this is coming at a huge cost to the domestic economy in a number of ways. However, with this policy gauge being put in place to curb inflationary effects, it is strongly believed that both the inflation and forex losses can be tackled with this monetary policy instrumentation though...

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