Category: Business

DP President Harry Kalaba casting the net into the deep beyond 2021 elections

By Theresa Kalenga Democratic party (DP) President Harry Kalaba has announced new changes to the structure of the DP and has noted that their are changes he introduced Mr. Jewish Chabi as Secretary General (SG). National Secretary Chabi is deputized by Thomas Sipalo appointed  as Deputy National Mobilization Chairperson. Mr. Kalaba noted that the retirement of PF from the government was a humiliation due to their pomposity and arrogance displayed during their reign. Kalaba noted that the party was founded for the poor but had begun flying in high seas of corruption hence sinking the boat. “As DP, a party that...

Breaking barriers: Russian woman leads the way on arctic ship

Issued on: 08/09/2021 – 05:28 Diana Kidzhi, 27, is the most senior woman in Russia’s growing nuclear icebreaker fleet Ekaterina ANISIMOVA AFP 3 min ADVERTISING Aboard the ’50 Years of Victory’ (Russia) (AFP) Peering through her binoculars at icebergs ahead, Diana Kidzhi shouts at the helmsman of a Russian nuclear-powered icebreaker approaching the North Pole: “Ten degrees left!” At just 27, Kidzhi is a chief mate — second in command to the captain — and sets the path the giant vessel will take through the frozen waters of the Arctic Ocean. Standing on the bridge of the ship, she is surrounded by...

Highvie H. Hamududu Is A Man To Watch In 2021- PNU

  By Tumfweko Editor 01 Editor 01 4 years ago PARTY of National Unity (PNU) Interim Secretary General Kasote Singogo says Zambians must vote for Highvie Hambulo Hamududu on Thursday 12th August 2021 on account of his leadership credentials. Mr. Singogo brands Mr. Hamududu as a man to watch, stressing that the former Parliamentary Accounts Committee (PAC) Chairperson is determined to build a united and better Zambia. Singogo says the PNU is coalescing-bringing on board a diversity of interest groups passionate on developing Zambia. “Folks this is the man to watch in Zambia’s political landscape, a man who is issued...

CLRI’s Mundia Paul Hakoola’s ‘High Expectations’ as Zambian Parliament Opens

By Derrick Sinjela CONTINENTAL Leadership Research Institute (CLRI) Executive Director Mundia Paul Hakoola is gladly bubbling with confidence as President Hakainde Hichilema opens the First Session of the Thirteenth National Assembly Opens on Friday 10th September, 2021 in Lusaka. Mr. Hakoola noted that as Parliament resumes its sessions with Zambia’s Second Female Vice President, Reverend Mutale Nalumango as leader of the August House, CLRI is optimistic of a positive future. In a Wednesday 1st September, 2021 Press Statement, a forward looking Hakoola expects a sober debate from the August House, as opposed to previous empty talk witnessed in the last...

Unauthorized vaccines valued At 150,000 used seized and destroyed

Christabel Mutale Illiamupu (Mrs) Communication Specialist/Researcher/Consulta Lusaka, Tuesday 31st August, 2021 THE Zambia Medicines Regulatory Authority (ZAMRA) has seized and destroyed a consignment of suspected COVID-19 vaccines named Hayat-Vax [SARS-COV-2 Vaccine] (Vero Cell), inactivated, valued at 150,000 United States Dollars (USD) equivalent to 10,000 thousand doses. This was necessitated due to the following reasons: 1. The vaccine is not registered or authorised by ZAMRA for use on the Zambian market; 2. The vaccine is not listed under the World Health Organization Emergency Use Listing procedure; 3. The importer did not have a pharmaceutical licence to sell, store, distribute or supply;...

PeP’s Sean Tembo asks: “Does Zambia really need an IMF bailout loan?

DOES ZAMBIA REALLY NEED AN IMF BAILOUT LOAN? By Sean Tembo – PeP President 1. DURING his interview on ZNBC last weekend, President Hakainde Hichilema’s newly appointed Minister of Finance Hon. Situmbeko Musokotwane stated that his ministry’s first order of business is to put the country on an IMF programme so as to access an IMF bailout loan. From as far back as 2016 when Hon. Felix Mutati was appointed as Minister of Finance by former President Edgar Lungu, and subsequently applied for a US$1.5 billion IMF bailout loan, l have been strongly opposed to any such loan, let alone...

“UPND Govt. may not employ 70,000 teachers and 40,000 nurses,” worries Dr. Richard Silumbe

Monday 30_08_2021 Press Statement  by Dr. Richard Silumbe The United Party for National Development (UPND) government may not employ the 70,000 teachers currently unemployed, anytime soon! They may not employ the 40,000 nurses currently unemployed, anytime soon! They may not even raise the salaries for the 900,000 civil servants anxiously waiting for such a pay rise, anytime soon! We understand, because these are secondary jobs! These jobs need a huge revenue base to support such a huge wage bill associated with employing skilled manpower. However, the UPND government can rapidly and resolutely recruit 1,000,000 unskilled or less skilled young people...

Maintain 8.50 per cent MPR, CTPD’s Boyd Muleya prods BoZ

By Derrick Sinjela and Theresa Kalenga As the Bank of Zambia (BoZ) Monetary Policy Committee (MPC) sets to announce its monetary policy decision on Wednesday 1st September 2021, Centre for Trade Policy and Development (CTPD) Head of Research Boyd Muleya expects the committee to maintain the Monetary Policy Rate (MPR) at 8.50 per cent. In a Tuesday 31st August, 2021 Press Statement on CTPD’S Expectations on the Upcoming Bank of Zambia MPC Decision Announcement, Mr. Muleya insisted on a viewpoint that considering the high overall inflation, any adjustments to the policy rate should be upwards to arrest demand pressures and...

Kasama Police Officer jailed 12 months for corruption

By Derrick Sinjela and Theresa Kalenga The Kasama Magistrate’s Court has sentenced a 34-year-old Police Officer, Arnold Mutunda in Kasama to 12 months imprisonment with hard labour for corrupt practices involving bribery, confirmed Anti-Corruption Commission (ACC) Spokesperson Queen K. Chibwe (Mrs.) in a Monday 30th August, 2021 Press Statement. Mutunda, a Police Officer based at Kasama Police Station was on Friday 27th August 2021, found guilty on Two (2) Counts of Corrupt Practices by a Public officer contrary to section 19 (1) of the Anti-Corruption Act no. 3 of 2012 In Count 1, details are that Mutunda corruptly solicited and...

Kelvin Chisanga wants Wednesday 1st September, 2021 BOZ MPR to back restoration of investor confidence!

Written by: Kelvin Chisanga +260 97 9305194 A STRONG rebound in Zambia’s investor confidence has potentially given birth to a huge impetus in seeing a different set of marginal value pegged against this year’s projected Gross Domestic Product (GDP), though we are still seeing an uphill battle to contain inflation, which has been gaining very little traction towards achieving inflationary target range of 6-8%. Following some essential key economic developments that we have witnessed from metrics such as forex, balance of trade, multilateral engagements of development finance by International Monetary Funds (IMF’s) support base through mechanism such as the injection...

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