Category: Sustainable Development

“Perhaps as a way of fixing me, Government ministries and departments, that were customers of ZANACO, were directed to divert their deposits to private commercial banks. As part of liberalisation, government ministers refused to bank their ministry’s public funds with the people’s bank. Some ministries withdrew money held in ZANACO accounts and opened new accounts with private banks. They preferred to deal with private banks where they personally negotiated and got higher interest rates, some of which was deposited into their personal accounts. One minister even drove to the Bank of Zambia with trunks to collect money for his ministry....

African Union ECOSOCC Congratulations to #Ethiopia on the appointmemt of the #First #Female #President of the Federal Democratic Republic of Ethiopia! Ambassador Sahle-Work Zewde, a top official with the United Nations, just got sworn in as the President of Federal Democratic Republic of Ethiopia! Ambassador SahleWork Zewde was until recently, the UN Director General at its offices in the Kenyan capital, Nairobi. She is currently the Special representative of the UN Secretary-General to the African Union, AU. Sahle-work has a rich ambassadorial track record having served as Ethiopian ambassador to several countries previously. She is now officially the first woman president of Ethiopia, after a full house...

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...

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...