Rainbow news zambia

Access to Information Bill: is this the start of New Dawn summersaults?

  By Nicholas Bwalya It is 20 years since proponents of the Access to Information (ATI) Bill begun their advocacy to have this important law enacted. Governments have come and gone, MMD and PF regimes all leaving the Bill to gather dust on the shelves of the Ministry of Information.   The PF government was even more daring than the MMD because in its manifesto of 2011 to 2016, the party pledged to enact the Bill into law. But as they say the rest is history. In a country that is among the top of the Corruption Perception Index, enacting...

‘We Need a New Crop of Leaders,’ pleads Isaac Able Mwaipopo

  By Isaac Able Mwaipopo Our country needs a new crop of leaders, it needs people who can envision and plan how Zambia can look like in the next 50 years, they need to be leaders who inspire a new order, they need to stimulate our hopes and aspirations to build a great country that creates new opportunities. The majority of potential political leaders we have do not inspire this kind future we desperately need, they are preoccupied discussing the cost of cooking oil, fuel and mealie meal. The ambitions are too small for a big world, they think so...

Protect local firms …as Yango dares Ulendo

  By Isaac Able Mwaipopo In a time like this when a local company is faced with stiff competition, there is great need for appropriate institutions to see how  they can get together and provide adequate support to ensure ULENDO does not close shop, as much as foreign companies may be perceived to be efficient and cheaper, let’s not forget that they externalise all PROFITS, they hardly plough back into the local economy, ULENDO is local, owned by a young Zambian, i would have been happy if there was a way of protecting the infant innovation, may be the Competition...

Zanaco Daily Treasury Newsletter

  Contact the Zanaco Treasury Team: Virginia Mwalilino (0977 561166), Nyangu Mwansa (0977 600228), Mudenda Sikapoto (0977 796025), Nana Mukwiza (0966 745656) ,Roy Mbazima (0977199495), Jibinga Jibinga (0977 836332), Kawang’u Sakuwaha (0972 973318) Landlines: +260-(211)-425 795/425 796/425 798/4257 99/+260 977 915903/+260 961 050352 Local Currency Markets Thursday’s session saw the local currency trade within its newly established range as it continues to battle for support in a dollar strained market. The kwacha made marginal loses to close at K17.4550/17.5050 on the bid and the offer respectively against it opening levels of K K17.4200/17.4700 per dollar. The kwacha is anticipated to...

ZANACO Exchange Rates Monthly Economic Report – March 2022

After picking up in February, growth in global economic activity eased during the month of March 2022 with the J.P Morgan composite PMI shedding 0.8 points to a 2-month low of 52.7 in show of the negative effects of the Russo-Ukrainian war. The war hit both domestic and export demand with the latter contracting at a 20-month high rate. Slowing demand notwithstanding, inflationary pressure continued to escalate while outstanding business orders accumulated at a quicker rate and thus forcing firms to enhance the pace of hiring labour. In view of the Russo-Ukrainian war occasioning a surge in commodity prices, hampering...

Government not selling Times of Zambia, assures Chushi Kasanda-Jangulo

Zambian Government not selling Times of Zambia, assures Chushi Kasanda-Jangulo By Derrick Sinjela and Saeed Simon Banda in Lusaka, Zambia THE Government of the Republic of Zambia (GRZ) is not selling the Times of Zambia (ToZ) says Minister of Information and Media and Chief Government Spokesperson Chushi Kasanda-Jangulo. In a Thursday, 5th May, 2022 Statement on the Times Printpak Zambia Limited, Ms. Kasanda-Jangulo allayed fear raised that Government intends to sell the ToZ. Referring to a Wednesday, 4th May, 2020, as part of the commemoration of the World Press Freedom Day (WPFD), Brainstorming Session, Kasanda-Jangulo recollected that President Hakainde Hichilema...

“GOD IS NOT A SOCIALIST [On Labour, its Day, and Other Imperatives] ___________________ Neither is He a Capitalist,” prods Dr. Canisius Banda

GOD IS NOT A SOCIALIST [On Labour, its Day, and Other Imperatives] ___________________ Neither is He a Capitalist. On days like Labour Day, we must deeply reflect on the origins, wellbeing and future of work. Through such careful reflection, we must then fashion a future that is harmonious for all concerned with reference to work/labour and workers. A curious and noteworthy phenomenon is that nearly all political parties in Zambia acknowledge God as the supreme authority of all guidance. This is encouraging, God being the embodiment of THE SOURCE. And yet, nearly all their manifestos do NOT accurately reflect this...

GARY, THE ECONOMY and THE KACHASU FIASCO [Rule of the jungle, prejudice and Torture]

  GARY, THE ECONOMY and THE KACHASU FIASCO [Rule of the jungle, prejudice and Torture] ___________________ Gary NKOMBO is my FRIEND. I like his dress sense and love for fashion. As his Vice President in the UPND, there was a time I even passionately campaigned for him in his constituency in Mazabuka. I saw a promising FUTURE in him, such an articulate and passionate young Zambian. But the Gary we are seeing today has MORPHED. I don’t know what he is high on or whether he is using drugs. He seems unhinged. He has become a monster, a dangerous creature...

ZANACO Treasury Newsletter Tuesday, 26th April, 2022

  Contact the Treasury Team: Virginia Mwalilino (0977 561166), Nyangu Mwansa (0977 600228), Mudenda Sikapoto (0977 796025), Nana Mukwiza (0966 745656) ,Roy Mbazima (0977 199495), Jibinga Jibinga (0977 836332), Kawang’u Sakuwaha (0972 973318) Landlines: +260-(211)-425 795/425 796/425 798/4257 99/+260 977 915903/+260 961 050352 Local Currency Markets Local Money Markets Monday’s USD/ZMW currency trading saw the local unit trading give up Market liquidity was ZMW2,505.04 million from ZMW1,486.32 million record some gains against the US dollar on the back of reduced supply flows for the ordered earlier while interbank activity was ZMW498.00 million from day. The Zambian Kwacha opened trading at...

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