Category: Business

MOPANI COPPER MINES OFFERED $200M CASH INJECTION

Glencore plc have proposed a joint $200 million loan to Mopani Copper Mines plc in order to alleviate present liquidity issues. According to a letter seen by Reuters, Glencore would put forward $100 million as a short-term cash injection with the other half being provided by Zambia Consolidated Copper Mines Investment Holdings  (ZCCM-IH) – Zambia’s state-owned mining company. The loan would be intended to cover general costs including buying reagents and paying workers and suppliers. Glencore is believed to have already lent $47 million through procuring letters of credit to cover electricity bills and the purchases of copper concentrate. Zambia has...

World Vision Zambia Parley Health Alliance cheers Wanga Saili

By Bunda Ashton Kelly (BAK2BAK) WORLD Vision Zambia Director for Advocacy and Communications Wanga Saili says preventable Neo natal complications such as Pneumonia, Diarrhea, Malaria, HIV and AIDS and Malnutrition have continued taking lives of the majority of children under the age of five. Speaking during the launch of the Monday, 30th March, 2015 Zambia Alliance for Maternal Neonatal and Child Health at Radisson Blu Hotel in Lusaka, Ms. Saili emphasized that a great partnership has started following a Memorandum of Understanding (MoU) with Zambian parliamentarians. An elated Ms  Saili, pointed out that World Vision Zambia stood ready to combine...

Tax Administration need enhancement, demands ActionAID ZambiaCountry Director, Nalucha Nganga-Ziba

  Thursday, 22nd September, 2022 TAX ADMINSTRATION NEED ENHANCEMENT-ACTIONAID ………………………………………. ACTIONAID Zambia has called for consensus among various stakeholders in lobbying for fair tax and improved service delivery to the education sector through sustainable financing. In August 2022, ActionAid Zambia launched two studies namely “Assessing the Financing of Education and the Attainment of Sustainable Development Goal (SDG-4) in Zambia” and “An Analysis of the Zambian Taxation System”. ActionAid Country Director, Nalucha Nganga-Ziba has since urged stakeholder to work together in ensuring fair taxes for the people. She said, in view of the recent International Monetary Fund (IMF) bailout package that...

Sylvia Tembo-Masebo preaches ‘Sexuality Education’ for everyone beyond Zambian citizens

By DERRICK SINJELA, HENRY CHUNZA, Saaed Simon Banda and MALANJI NZOMBOLA Health Minister Sylvia Tembo-Masebo is urging Zambian parents and guardians to empower young people to become ‘Agents for Change’ by inculcation of ensuring universal access to sexual and reproductive health. Officiating a Kalingalinga Clinic, Lusaka, Monday, 26th September, 2022 Speech at the World Contraception Day (WCD) themed: “Contraception: An Investment Pillar for Economic Development,” Ms. Tembo-Masebo reiterated government’s commitment, under President Mr. Hakainde Hichilema’s leadership, to promote universal access to sexual and reproductive health services. Serving as United Party for National Development (UPND) Chongwe Member of Parliament (MP) in...

Zambia’s 21st Cabinet Meeting which was held on Monday, 26th September, 2022 chaired by President Hakainde Hichilema

    Fellow citizens, good evening. The President of the Republic of Zambia, Mr. Hakainde Hichilema called for the 21st Cabinet Meeting which was held on Monday, 26th September, 2022, at State House, to deliberate on policy and legislative matters in order to ensure delivery of services to the people in line with the transformation Agenda for Government going forward. The following were the decisions made: 1. Capital Markets Master Plan. Cabinet approved the Capital Markets Master Plan, and its associated Implementation Plan with a view to repositioning the Zambian Capital Markets to become an attractive international destination for long-term...

ZDA, United Capital Fertiliser signs an IPPA guaranteeing safety of more than $400m fertilizer production investment

                    GOVERNMENT through the Zambia Development Agency (ZDA) has signed an Investment Promotion and Protection Agreement (IPPA) with United Capital Fertiliser Company Limited, a subsidiary of Wonderful Group of Companies, reports Francis Lungu. The IPPA is intended to achieve two aspect of business investment; firstly it gives an extra layer to an investor that their investment is protected by Government and it also provides incentives such as easing licensing procedures, tax consideration and even immigration issues that ZDA facilitates on behalf of an investor. The United Capital Fertiliser Company Limited committed...

STARLINK or e-NUDITY [The Worrying Case of Hakainde HICHILEMA and his Naivete]

__________________ Hakainde HICHILEMA is naive. The origins of this lack of the required sophistication and capacity for sound judgment on his part remain uninvestigated. But what is NOT in doubt is that Hakainde HICHILEMA is a villager. I know. Don’t ask me how. He is my brother. But this villager, Hakainde HICHILEMA is our Republican President today. That matters. Trust me, left alone to his own wiles and ways, without the required tutelage, scrutiny and monitoring, Hakainde HICHILEMA would plunge Zambia into total foreign capture and danger. Hakainde HICHILEMA requires to be watched, both closely and carefully. The citizens must...

Rodney Malindi Sikumba unveils Zambia Tourism Agency (ZTA) Board🇿🇲”

By DERRICK SINJELA Tourism Minister Rodney Malindi Sikumba has unveiled the new Board of the Zambia Tourism Agency (ZTA). While the process of enacting a new board took long, Mr. Sikumba having a team of men and women giving corporate governance direction to the Zambia Tourism Agency, guarantees ZTA’s role in marketing tourism. From the outset Sikumba stated that the responsibilities of the ZTA involve providing direction to the agency, establishing a policy-based governance system, setting strategic goals, providing leadership and over-sight to ensure that Zambia Tourism Agency achieves its mandate. The following are the Board Members; 1. Mr. Daniel...

RUMINATIONS [On Lusaka’s Streets, an African’s Journey]_____________

RUMINATIONS [On Lusaka’s Streets, an African’s Journey] _____________ THE other day, I was having coffee at the Eastpark MALL, a present-day fixture of Capitalism and materialism, a somewhat required evil. Noteworthy is that it was coffee that Zambia didn’t grow, a dollar lost. As the aroma of that coffee wafted onto my nostrils, jolting my brain into heightened alertness, I reflected at just how dominant foreign goods were in Zambia’s economy. Jobs lost. Capital flight. Low per capita income. Poverty. A deluge of thoughts hit me. I fought back a tear. The coffee done, I found myself on Thabo MBEKI...

Thursday, 22nd September, 2022 – Ministry of Green Economy and Environment Announcement of Publication of Approved Timber Concession Licences Lusaka

REPUBLIC OF ZAMBIA MINISTRY OF GREEN ECONOMY AND ENVIRONMENT Press Release ANNOUNCEMENT OF PUBLICATION OF APPROVED TIMBER CONCESSION LICENCES LUSAKA, Thursday, 22nd September, 2022 – THE Ministry of Green Economy and Environment wishes to inform members of the public that it has concluded the evaluation of timber concession licence applications. The application process of concession licences was extended on two occasions in order to allow enough time for citizens to complete the application process and ensure that more Zambians participate in the timber industry. A total of 1,560 application forms were issued by the Forestry Department to applicants. An unprecedented...

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