Category: Latest News

BoZ Governor Christopher Mphanza Mvunga sets MPR at 8.50 per cent

  By Derrick Sinjela and Francis Maingaila Bank of Zambia (BoZ) Governor Christopher Mphanza Mvunga has adjusted the Monetary Policy Rate upwards by 50 basis points to 8.50 %. In a Wednesday 17th February 2021 Monetary Policy Committee (MPC) Statement, Mr. Mvunga explained that the decision to adjust the Monetary Policy Rate upwards by 50 basis points to 8.50% was arrived at during a February 15 – 16, 2021 Monetary Policy Committee Meeting in Lusaka. Franked by BoZ Deputy Governor – Operations Dr. Francis Chipimo and Deputy Governor -Adminstration Ms. Rekha Chifuwe-Mhango, Mvunga reiterated that the adjustment had been necessitated...

FODEP’s McDonald Chipenzi seeks stiffer laws

By Derrick Sinjela Wednesday, December 14, 2011 FOUNDATION for Democratic Process (FODEP) Executive Director McDonald Chipenzi has called for stiffer legislation for parliamentarians who resign on lame excuses. Chipenzi said politicians should not be careless by causing unnecessary by-elections which cost a lot of money which can be used for social and economic development. He said this when he addressed journalist in reaction to the recent resignation of Msanzala Independent Member of Parliament Colonel George Lungu to join the ruling Patriotic Front (PF) Party. “Causing a very expensive by-election show how insensitive our leaders are, because the money that will...

Productive water sector catalyst for economic growth, prods MCC Deputy Vice President Andrew Mayock

By Derrick Sinjela Wednesday, December 14, 2011   AS MANY residents of Lusaka continue to face daunting challenges to getting access to good water supply, sanitation and drainage systems, the country has received a jab in the arm to help improve the latter. The Millennium Challenge Cooperation (MCC), a United States government cooperation led by Deputy Vice President Andrew Mayock has concluded a visit to Zambia to finalize the Lusaka Water Supply, Sanitation and Drainage (LWSSD) project as proposed by the Government of the Republic of Zambia. Speaking to journalist last week Mayock said the project will benefit over one...

Renewable energy should be shared with LCDs, UNCTAD

By Derrick Sinjela Wednesday, December 14, 2011 RAISING living standards in poor countries can and should be done at the same time as the world shifts to “green” energy use, and such a feat is possible if global efforts are well-designed and implemented. United Nations Conference on Trade and Development (UNCTAD) Secretary-General Supachai Panitchpakdi said Green growth should be inclusive. Supachai said that the shift to renewable and sustainable energy provides a great opportunity in the developing world to “stimulate economic diversification, generate employment for the poor, and increase access of the poor to basic services such as energy, water, housing,...

FORBES WOMAN AFRICA Leading Women Summit has been a platform bringing together a unique collection of female leaders and trail-blazers from across Africa and the world

PRESS RELEASE 6th FORBES WOMAN AFRICA Leading Women Summit to explore the power of the collective in resetting Africa FORBES WOMAN AFRICA Leading Women Summit has been a platform bringing together a unique collection of female leaders and trail-blazers from across Africa and the world JOHANNESBURG, South Africa, February 3, 2021/ — Since its inception in 2016, hosted as a prestigious gala event, the FORBES WOMAN AFRICA Leading Women Summit (LeadingWomenSummit.co.za) has been a platform bringing together a unique collection of female leaders and trail-blazers from across Africa and the world. Held a year after the first reported COVID-19 case...

HWPL Hosts ‘HWPL Peace Education Development Forum in Africa’

  On February 6th, Heavenly Culture World Peace, Restoration of Light(HWPL) hosted a HWPL Peace Education Development Forum in Africa. 500 people from 24 countries in the sectors of African national education ministries, UNESCO national committee, MOU-signed schools and organizations participated to discuss ‘the Roles and Cooperation of Educations in the Post-COVID-19 Era.’     THE HOST organization, HWPL, is promoting international projects in 25 countries to develop long-term peacebuilding in Africa based on the its initiative ‘Spreading a Culture of Peace’ also proposed by the United Nations resolution.   The forum highlighted the necessity of developing and applying a...

CTPD Senior Researcher-Legal Chileshe Mange explains ‘Legal implications’ on Zambia of the Eurobond default

CTPD Senior Researcher-Legal Chileshe Mange explains ‘Legal implications’ on Zambia of the Eurobond default By Derrick Sinjela CENTRE for Trade Policy and Development CTPD Senior Researcher-Legal Chileshe Mange is worried following Government failure to honour another coupon payment due under one of the Eurobonds. In a Sunday 7th February 2021 Press Statement circulated by CTPD Information and Communications Specialist Ms. Mwaka Nyimbili, Ms. Mange’s worry arose a week or seven days Ministry of Finance confirmed on Sunday 31st January 2021 that Zambia had actually failed to honour a US$56.1m coupon payment that was due on Saturday 30th January 2021 on...

New deadline for “Atoms Empowering Africa” Online Video Competition announced

New deadline for “Atoms Empowering Africa” Online Video Competition announced By popular demand, Rosatom moved the deadline for the 6th annual competition of online videos to February 15. The participants from the age of 18 to 35 residing in African countries are encouraged to post their videos on Facebook, following the formal guidelines set out below and submit their applications to the email atomsforafrica@rosatom.com or by the link to online submission form https://tinyurl.com/RosatomAfrica. The top three winning videos will be selected by an independent expert panel observing various criteria including original content and creativity, overall quality of the video and...

BUSA hosts Tuesday 2nd February 2021 Barbara Banda Foundation launch

By Ashton Kelly Bunda and Derrick Sinjela ZAMBIA National Female Team – Shepolopolo Captain Barbara Banda happily paraphrased both John F. Kennedy and Martin Luther King Junior insisting that it is better to share blessings and make others prosper as she launched the Barbara Banda Foundation (BBF) in Lusaka densely populated Bauleni Township. Speaking at an event at Bauleni United Sports Academy (BUSA) preceded by some rain as a sign of good tidings, Barbara Banda Foundation proprietor in quoting Dr. Martin Luther King Jr. noted that life’s most persistent and urgent question is, ‘What are you doing for others?’ Currently...

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