Category: Business

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...

Pioneer Influence Founder Kasote Singogo backs Secretary to the Cabinet Patrick Kangwa on purchase of Electric vehicles

By Lwendo Kunda Pioneer Influence Founder Kasote Singogo has backed government’s directive through Secretary to the Cabinet Patrick Kangwa to all Permanent Secretaries (PS’s) to prioritize the purchase of Electric Vehicles (EV’s). In a Wednesday 11th October, 2023 Press Statement to Pan African Radio 96.1FM, Mr. Singogo says Pioneer Influence as an institution that comments on Government Policy, notes that the use of Electric Vehicles by civic and public officials will help to reduce the cost of fuel. This week, Secretary to the Cabinet, Mr. Kangwa said Cabinet Office will lead the campaign to procure Electric Vehicles as a means...

MoE Douglas Munsaka Siakalima unveils groundbreaking initiative in Livingstone District by commissioning 20 purpose-built school health rooms

CHALI MULENGA Livingstone Minister of Education Douglas Munsaka Syakalima has unveiled a groundbreaking initiative in Livingstone District by commissioning twenty purpose-built school health rooms. Mr Syakalima said these rooms are poised to revolutionize health service delivery in schools, aiming to provide a dedicated space for learners to address personal health concerns, recuperate from illnesses on-site, and consequently reduce absenteeism, fostering enhanced student performance. Mr Syakalima, conveyed the government’s unwavering commitment to fostering an environment conducive to quality education and healthcare services. He said this in a speech read on his behalf by provincial education officer Nosiku Mwiya in Livingstone. “The...

101,617 residents in anthrax scare, cries Sinazongwe Member of Parliament, Gift Sialubalo

By Chali Mulenga, Livingstone, Southern Province, Zambia Sinazongwe Member of Parliament, Gift Sialubalo has made a compelling appeal for urgent relief food for his constituency as an anthrax outbreak ravages the area, affecting the lives and livelihoods of its 101,617 residents. Mr Sialubalo highlighted the critical need for immediate aid due to the devastating impact of the disease on the region. In an interview, Mr Sialubalo shed light on the grim situation within the Gwembe Valley, emphasizing that the entire area has been severely impacted by the outbreak of anthrax. “Allow me to shed light on the dire situation within...

NAPSA still Financially Sound assures Muyangwa Muyangwa

By Ashton Kelly Bunda KWILANZI NEWSPAPER ZAMBIA 🇿🇲 (KNZ TV) National Pension Scheme Authority (NAPSA) Director General Muyangwa Muyangwa has assured that the authority has sufficient liquidity to meet all its liabilities including payments of the pre-retirement lump sum as opposed to assertions from some sections of the society that NAPSA is on the verge of liquidation.   Speaking during a Press Briefing at NAPSA head office on 26th October 2023, a delightfully confident Mr. Muyangwa said some properties and land parcels being sold was in a bid to to raise funds due to liquidity challenges caused by the payment...

The 2023 Zambia Tobacco Industry Interference Index is the 3rd in the series of the Index that Zambia has produced

Date of Finalization/ Publication: (Month, 2023) Authors: Brenda Chitindi, Executive Director – Tobacco Free Association of Zambia Chisanga Mfula, Program Manager – Tobacco Free Association of Zambia. This report is an invaluable resource for policymakers, advocates, and the public at large, as it sheds light on the insidious ways in which the tobacco industry interferes with public health policies, and provides concrete examples of how the Zambian government has responded to their influence. The 2023 Zambia Tobacco Industry Interference Index is the 3rd in the series of the Index that Zambia has produced. Acknowledgement: This report has been made possible...

PS Maambo Haamaundu directs his officers to deal with Anthrax, Cholera

By Fulman Mukobeko Local Government and Rural Development (Administration) Maambo Haamaundu has directed all the 116 Local Authorities in Zambia’s ten (10) provinces; Central, Copperbelt, Eastern, Luapula, Lusaka, Muchinga, Northern, North-Western, Southern and Western to ensure that they enforce Public Health Regulations fight Anthrax disease, an infectious disease caused by gram-positive, rod-shaped bacteria known as Bacillus anthracis. Anthrax occurs naturally in soil and commonly affects domestic and wild animals around the world and people contract it once in contact with infected animals or contaminated animal products. Mr. Haamaundu has directed local authorities to sensitize members of the public on the...

Addressing Fuel and Nshima Cost, Promoting Transparent Politics in Zambia key to building a functioning Zambia, Brian Mundubile dares HSH7

Addressing Fuel and Nshima Cost, Promoting Transparent Politics in Zambia key to building a functioning Zambia, Brian Mundubile dares HH as George Kangwa Chisanga listen By Derrick Sinjela Patriotic Front (PF) Chilubi Member of Parliament (MP) Mulenga Fube reiterated that ‘Fuel Costs’ play a significant role in determining the quality of daily lives of all Zambian citizens. The Registrar of Societies is a Department under the Ministry of Home Affairs and exists under the Societies Act Chapter 119 of the Laws of Zambia formerly established as an Ordinance Act of 1957. “The cost of everything from transportation to household expenses...

Chipoka Mulenga at 20th AGOA Johannesburg Indaba

By Simon Banda and Derrick Sinjela Minister of Commerce, Trade and Industry (MCTI) Chipoka Mulenga has arrived in South Africa ahead of the 20th African Growth and Opportunity Act (AGOA) Forum which is taking place in Johannesburg. Mr. Mulenga is expected to attend various meetings such as the AGOA Ministerial meeting which will be preceded by the African Trade Ministers, and senior officials meetings. Other engagements include the Meeting of African Ministers of Trade and Industry, and the Commercial MoU Dinner by Consul General of the U.S. Consulate, among others. Zambia’s High Commissioner to South Africa Ms. Mazuba Monze says...

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