Rainbow news zambia

STANBIC BANK SCANDAL SHOCKER

STANBIC BANK SCANDAL SHOCKER

By Derrick Sinjela Stanbic Bank is a financial institution with a rather bizarre profile across the African continent and some of these bizarre corporate shenanigans are filtering their way into Zambia at a very fast rate.  Last year, Stanbic was fined US$ 1.3million following a bribery scandal traced directly to Stanbic Bank. The vigilant Government of Tanzania passed a resolution to investigate the privately owned “scandal ridden” Stanbic Bank because the Government was concerned with Stanbic’s unprofessional behaviour and conduct and the impact bribery has in undermining national development. In September 2012, Stanbic Bank secured financing worth US$ 3 billion...

NISSAN REPORTS NINE MONTH RESULTS FOR FISCAL YEAR 2016

NISSAN REPORTS NINE MONTH RESULTS FOR FISCAL YEAR 2016

Nissan Reports Nine-Month Results for Fiscal Year 2016   YOKOHAMA, Japan – Nissan Motor Co., Ltd. today announced financial results for the nine-month period to December 31, 2016. “In the first nine months of the fiscal year, Nissan generated an operating profit of 503.2 billion yen, which represents a 6.1% margin on net revenues of 8.26 trillion yen,” said Carlos Ghosn, Chairman and Chief Executive Officer. “Although these results reflect continued currency headwinds, we remain confident of achieving our fiscal year guidance.” “On a constant currency basis, operating profit rose 30.1% to 764.6 billion yen, equivalent to an 8.1% profit...

King Lewanika Book Review

King Lewanika Book Review

By Akashambatwa Mbikusita Lewanika Freedom Park Inaugural Memorial Lecture On KING LEWAM\NIKA THE FIRST OF BAROTSELAND 1842 – 1916: A Legacy of Indigenous African Nationalism Edited by Akashambatwa Mbikusita-Lewanika   This book expands into the neglected history of Pan African Cross-Border and African traditional leadership in the Southern African liberation struggle.  It pays homage to African indigenous leadership, such as illustrated by the seven African Kings appointed as Honorary Presidents of Congress, at its founding at Bloemfontein on January 8, 1912.  These were Dalindyebo of the Thembus; Montsioa of the Barolong; Lewanika of Barotseland; Letsie II of Lesotho Khama of...

FIGHT OVER GOD GIVEN RESOURCES BRINGS DISHARMONY TO COMMUNITY LIVING-BISHOP CHINYEMBA

FIGHT OVER GOD GIVEN RESOURCES BRINGS DISHARMONY TO COMMUNITY LIVING-BISHOP CHINYEMBA

By Mwenya Mukuka , Communications Officer  Zambia Conference OF Catholic Bishops (ZCCB) BISHOP Evans Chinyama Chinyemba of the Oblates of Mary Immaculate (OMI) has advised society to desist from the tendency to fight over land and God-given rivers, lakes, wells, and swamps, noting that such  action does not build harmony in communities. Bishop Chinyemba said that in the rural setup conflicts over land were common and many people have run away from their traditional homesteads seeking refuge in other parts of [western] province all because of fear of being killed over land conflicts. Writing his monthly reflection in the Mongu...

WE NEED RESOURCES TO CONTINUE OFFERING BETTER EDUCATION-CATHOLIC BISHOPS

WE NEED RESOURCES TO CONTINUE OFFERING BETTER EDUCATION-CATHOLIC BISHOPS

By Mwenya Mukuka Communications Officer Zambia Conference of Catholic Bishops (ZCCB) Kabulonga Road THE quality and size of your seed will determine your harvest.”The Environmental and Social Impact Assessment (ESIA) on the proposed construction of the shopping Mall near St. Mary’s High school in Lusaka has been held with the Catholic Bishops reiterating that the revenue from the project will help support the Catholic Church continue offering better education in Zambia. Speaking on behalf of Zambia Conference of Catholic Bishops (ZCCB) President Archbishop Telesphore Mpundu, ZCCB Secretary General Father. Cleophas Lungu said the church wants to move into integral evangelisation....

LCC prosecutes bar owners

LCC prosecutes bar owners

By Ms. Brenda Katongola,  Lusaka City Council  (LCC) Assistant Public Relations Manager THE Lusaka Fast Track Court has convicted and fined five bar owners for operating beyond the stipulated hours. The five were part of the 20 bars that were served with summons during an operation conducted by a combined team of State and Council Police officers over the weekend. The five who were convicted and fined K10, 000 each or six (6) months in default, appeared before Magistrate Anna Holland today (Monday, February 6, 2017). The five were part of the 20 that were issued with summons after being...

Soft Loans

Soft Loans

Soft Loans COLLATERAL BASED INSTANT K1, 000 to K10, 000 ONLY Call:  +260 966 541 727 +260 211 234 795 Chester House, 3rd Floor, Suite 28, Cairo Road P.O. Box 31606 Lusaka www.lifefinaservices.co.zm

ZAMBIA’S ALBERT MUCHANGA SCOOPS AU COMMISSIONER FOR TRADE AND INDUSTRY SEAT

ZAMBIA’S ALBERT MUCHANGA SCOOPS AU COMMISSIONER FOR TRADE AND INDUSTRY SEAT

By Zambia News Information Services (ZANIS) Zambia has scooped the position of Commissioner for Trade and Industry at the just ended Africa Union elections by a landslide victory. Zambia’s candidate Albert Muchanga polled 49 votes out of 51 votes from the 51 out of 54 member states that participated in the elections that were held yesterday in Addis Ababa, Ethiopia. Foreign Affairs Minister Harry Kalaba told ZANIS in Ethiopia Addis Ababa that he was pleased with the result and thanked President Edgar Lungu for the support he rendered to the candidates. Mr. Kalaba described the victory as an achievement for...

Chongwe’s ABESU Women Housing Cooperative (AWHC) diversify

By Ashton Kelly Bunda ABESU Women Housing Cooperative (AWHC) Headperson of Chongwe Rural in Lusaka Province Bridget Phiri cites increased population as an incentive encouraging people to venture into agriculture. Ms. Phiri described agriculture as a firm foundation of the Zambian economy evident by her ABESU Women Housing Cooperative diversifying from building houses to agricultural production and trade. The youthful Bridget Phiri recalls that diversification by ABESU Women Housing Cooperative has been prompted by the noted scramble for land. “We have noticed that citizens from urban areas competing to invest and secure land for farming purposes. We are diversifying from...

Zambia’s energy potential cheers Dr. Kipyego Cheluget

Zambia’s energy potential cheers Dr. Kipyego Cheluget

By Ashton Kelly Bunda COMMON Market for Southern and Eastern Africa (COMESA) Assistant  Secretary General Dr.  Kipyego Cheluget brags over Africa’s potential for hydro energy. Zambia with 40 percent water resources boasts of being endowed as a leader of renewable energy. Officiating Lusaka’s Intercontinental Hotel during the 31st January to 2nd February 2017 Sustainable Energy Southern Africa Forum of the Africa-EU Energy Partnership, Dr. Cheluget conceded that energy is a common challenge in Africa. The COMESA Assistant General hosted a multi-stakeholders forum on Sustainable Energy, in collaboration with the Alliance for Rural Electrification (ARE) supported by the Africa-EU Renewable Energy...

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