Category: Business

African Development Bank headlines strong performance ahead of key investment forum 

African Development Bank headlines strong performance ahead of key investment forum 


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By Felix Njoku   The African Development Bank Group (AfDB) (www.AfDB.org)    The Bank’s performance and ratings are based on the solid support from its shareholders, including in the form of strong callable capital   ABIDJAN, Ivory Coast, October 23, 2018/ — Ahead of its maiden African Investment Forum next month, the African Development Bank (www.AfDB.org) continues to see another year of sustained indicators, underlined by a stellar Triple A rating by all three major agencies and sharply increased earnings.   The inaugural Forum takes place 7-9 November 2018 in Johannesburg, South Africa, offering a platform for sourcing funding for...

Employ local people, High Commissioner Emmanuel Mwamba, urges investment groups eyeing Zambia

Employ local people, High Commissioner Emmanuel Mwamba, urges investment groups eyeing Zambia


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By Derrick Sinjela ZAMBIA’S High Commissioner to South Africa, Emmanuel Mwamba is prodding investment groups coming into Zambia to prioritise employing qualified Zambians for senior positions. Commissioner Mwamba said Zambia is seeking foreign investments to help grow the local economy and better the lives of ordinary people. Speaking at a dinner held at Taj Pamodzi Hotel by Liberty, one of South Africa’s largest Insurance and Pension Scheme company, Commissioner Mwamba restated Zambia’s desire to witness increased employment opportunities for indigenous communities And Minister of Health, Dr. Chitalu Chilufya assured prospecting investors that  Government had finalised drafting the Health Bill allowing...

3rd Investment Zambia-South Africa Business Forum woos credible investors

3rd Investment Zambia-South Africa Business Forum woos credible investors


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Pretoria-Thursday 25th October 2018 High level Captains of industry, investors, and business entities have gathered at the Protea Wanderers in Illovo in Johannesburg under the auspices of the Zambia-South Africa Business Forum ZASOBF. The event is being held to woo multi-sectoral investors to Zambia. Zambia’s High Commissioner to South Africa His Excellency Emmanuel Mwamba said he was pleased with huge turn-out by credible investors. Mr. Mwamba said President of the World Farmers Organisation (WFO), Dr. Theo De Yager was leading s group of commercial investors in the agriculture sector. Also present is Zambia’s Northern Province led by Permanent Secretary Mr....

Prof Oliver Saasa explains Oxford’s downgrade of Zambian Universities to college status

Prof Oliver Saasa explains Oxford’s downgrade of Zambian Universities to college status


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By Mirriam Chabala The University of Oxford has downgraded all universities in five African countries, including those in Zambia to college status in its admission process to the Rhodes Scholarships, National Secretary of the Rhodes Trust in Zambia, Professor Oliver Saasa has disclosed. In an interview, Professor Saasa explained that, following the downgrading, Zambian graduates wishing to study at Oxford University should further study for another year at universities in neighbouring countries or elsewhere outside the country for them to qualify for the Rhodes Scholarships The Prof however, stressed that the downgrading of Zambian universities as well as the four...

Zambia Mining Environmental Investment Policy on the cards

Zambia Mining Environmental Investment Policy on the cards


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The official newsletter of the EITI in Zambia View this email in your browser Welcome to the Zambia Extractive Industries Transparency Initiative (EITI) newsletter!   The Zambia Environmental Protection Fund Investment Policy on the cards The Mine Safety Department (MSD) under the Ministry of Mines and Minerals Development in Zambia has revealed that an investment policy for the management of the Environmental Protection Fund (EPF) has been drafted to guide the investment decisions of the Fund. The policy is yet to be signed by the Minister of Finance. It is hoped that the policy will energise the fund administrators to explore...

Government engagement with cooperating partners poised to yield positive results economic results, prods Bernadette Deka

Government engagement with cooperating partners poised to yield positive results economic results, prods Bernadette Deka


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Bernadette Deka – PMRC Executive Director Dear Friends & Colleagues On Wednesday 17th October 2018, the President of the Republic of Zambia, His Excellency Mr. Edgar Chagwa Lungu held engagements with The Vice President of the World Bank Dr. Hafez Ghanem, Luapula Expo Investors and key Government officials on fundamental issues pertaining to the country. Below is our analysis on various key aspects of the economy that constituted part of the deliberations.   Social Protection (The Social Cash Transfer Scheme)   Social protection is considered a tool for poverty reduction mainly because it focuses on households that cannot meet their...

Zambia State Insurance Corporation Limited (ZSIC)

Zambia State Insurance Corporation Limited (ZSIC)


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The Zambia State Insurance Corporation Limited (ZSIC), a composite Insurance company, was established in 1968. Until 1991, Zambia State Insurance Corporation Ltd was the only insurance company in the market, and therefore gained vast experience in transacting both short and long term insurances. In line with the provisions of the Insurance Act No. 27 of 1997 as amended by Act No. 26 of 2005, the Zambia State Insurance Corporation Limited underwent a restructuring and compliance exercise. This saw the birth of three separate business entities, namely ZSIC Limited, which is the Holding Company, ZSIC General Insurance Limited and ZSIC Life Limited...

Speech by His Excellency Mr. Edgar Chagwa Lungu President of the Republic of Zambia, at the 113th Zambia National Farmers Union (ZNFU) Annual Congress  at Mulungushi International Conference Center in Lusaka on Friday, 19th October, 2018

Speech by His Excellency Mr. Edgar Chagwa Lungu President of the Republic of Zambia, at the 113th Zambia National Farmers Union (ZNFU) Annual Congress  at Mulungushi International Conference Center in Lusaka on Friday, 19th October, 2018


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Zambia National Farmers’ Union (ZNFU) – Mr. Jervis Zimba, ZNFU Board and Trustees; Minister of Agriculture Hon. Michael Katambo MP; and Minister of Fisheries and Livestock, Hon. Kampamba Mulenga Other Cabinet Ministers present; Senior Government Officials; Cooperating Partners; Chief Executive Officers of leading agribusiness companies; Farmers; Distinguished Guests; Members of the Press; Ladies and Gentlemen: I am excited to grace the 113th Zambia National Farmers Union Annual Congress. It is gratifying to be in the midst of our ever hard working farmers who have travelled from all parts of the country. The congress which is being held today is more...

Report on the DGD in Geneva and Meetings in Sweden

Report on the DGD in Geneva and Meetings in Sweden


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  By Maxwell Simbuwa GENEVA I began my journey to Geneva in February of 2018 when I became a child advisor on the Child Advisory Team of the UN Committee on the Rights of the Child for the 2018 Day of General Discussion on children as human rights defenders. The child advisors were tasked with coming up with ideas on how to run the DGD. We created the logos to be used, what games and ice breakers to do, what questions to be asked for the consultations with other children and many other tasks. My specific role in the forum...

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