| Africatime
Friday 28 April 2017
(Bloomberg 04/28/17)
The International Monetary Fund will send a mission to Zambia in May to continue talks over as much as $1.6 billion in aid the government is seeking after they failed to reach a deal in Washington this month. “Progress was made but program discussions have not yet been concluded,” Alfredo Baldini, the fund’s representative in Zambia, said Friday in response to emailed questions. “The authorities and IMF staff have agreed that a mission will return to Zambia at the end of May to continue the discussions.” Finance Minister Felix Mutati had hoped to strike the loan deal to boost Zambia’s foreign exchange reserves while in Washington for the IMF and World Bank Spring Meetings. The...
(Zambia Daily mail 04/28/17)
Zambia’s Ambassador to Sweden Anthony Mukwita says the country’s top five placement as a preferred destination of investment will increase interest from international investors seeking to develop investment opportunities. Last week, Zambia was ranked the fifth most attractive investment destination in Africa due to significant domestic investment and access to money supply, according to a report by a global equity and investment firm. In its latest Africa Investment Index report, Quantum’s Global Group, which is an international group of companies active in the areas of private equity and management investments, noted that Zambia follows Africa’s second largest economy, South Africa, which is fourth. Commenting on the development, Mr Mukwita said the placement coming from an independent international rating organisation largely...
(Lusaka Times 04/28/17)
Zambia is on Friday marking the 25th anniversary of the Gabon Air Disaster that killed the Senior National Soccer Team in 1993. The fallen heroes were on the way to Senegal for a 1994 World Cup qualifier match when their plane plunged into the Atlantic Ocean near Libreville, Gabon. Family members and fans are expected to lay wreaths at the Heroes Acre located outside the old Independence Stadium. The Zambia Under-20 squad is also scheduled to join the ceremony by...
(Voice of America 04/28/17)
A low-cost and widely available drug could save the lives of 1 in 3 mothers who would otherwise bleed to death after childbirth, according to a new study. Severe bleeding, known as postpartum hemorrhage, or PPH, is the leading cause of maternal death worldwide, killing more than 100,000 women every year. Even for mothers who survive, it is a painful and traumatic experience. The world's poorest countries, especially in Africa and India, are the worst hit. Drug from 1960s But...
(Bloomberg 04/27/17)
Zambian opposition leader Hakainde Hichilema will remain in custody until next week when his treason trial will resume, the Union Party for National Development said. Magistrate David Simusamba on Thursday adjourned the case until May 4, the party, which Hichilema leads, said in a statement on its Twitter account in the capital, Lusaka. Political tensions in Africa’s second-biggest copper producer, which have been high since presidential elections last year that Hichilema lost to Edgar Lungu, escalated when police detained the...
(Business Day Ghana 04/27/17)
There are currently 960 million mobile subscriptions across Africa – an 80 percent penetration rate among the continent’s population. Internet penetration is at 18 percent with 216 million internet users, according to the latest Jumia mobile trend report for Africa. The 2017 edition of the African Mobile Trends Paper is the third white paper presentation from Jumia delving into mobile trends across Africa and specifically Nigeria. The study takes a look at the how the market has democratised mobile internet...
(Reuters (Eng) 04/26/17)
A Zambian court refused on Wednesday to throw out treason charges against opposition leader Hakainde Hichilema, a case that has stoked political tensions months after contested elections. The United Party for National Development (UPND) leader was arrested in a police raid on his home earlier this month and charged with trying to overthrow the government. Hichilema's lawyers appealed, saying the charges were too vague. But Magistrate Greenwell Malumani told the packed hearing his court did not have the authority to...
(Bloomberg 04/26/17)
Zambia, Africa’s second-largest copper producer, expects its production of the metal to jump about 10 percent this year to a record. The country, home to mines owned by companies including Glencore Plc, Barrick Gold Corp., First Quantum Minerals Ltd. and Vedanta Resources Plc, will produce about 850,000 metric tons of copper this year, Mines Minister Christopher Yaluma said in an interview in London on Tuesday. “Improved and modernized mining through the same infrastructure” will enable output to expand, he said. Production from First Quantum’s Sentinel operation will account for much of the nation’s increase, which would top a previous record of about 790,000 tons in 2013, he said.
(Bloomberg 04/26/17)
Zambia, Africa’s second-biggest copper producer, is close to selling a stake in ZCCM Investments Holdings, a state controlled mine holding company, for more than $100 million, according to three people familiar with the matter. Sapir Capital, an Israeli private equity company that’s invested in industries from nanotechnology to oil and gas, is waiting for final government approval for the acquisition of the 17.25 percent stake directly held by the government, said two of the people who asked not to be...
(Xinhuanet 04/26/17)
The Belt and Road (B&R) Initiative is a golden opportunity to bring about regional integration and sustainable economic growth for Africa, said Berhane Gebre-Christos, special envoy of the Ethiopian Prime Minister, on Tuesday. The special envoy made the remarks at the opening of a seminar organized on the B&R Initiative in Ethiopia's capital Addis Ababa. Welcoming the initiative, the special envoy said he is looking forward to the expected effects of the initiative. "The B&R is a project that will...
(AFP (eng) 04/24/17)
A new malaria vaccine will be tested on a large scale in Kenya, Ghana and Malawi, the World Health Organization said Monday, with 360,000 children to be vaccinated between 2018 and 2020. The injectable vaccine RTS,S could provide limited protection against a disease that killed 429,000 people worldwide in 2015, with 92 percent of victims in Africa and two-thirds of them children under five. "The prospect of a malaria vaccine is great news. Information gathered in the pilot will help...
(Xinhuanet 04/21/17)
Zambian President Edgar Lungu has threatened to declare a state of emergency if people do not stop setting ablaze public properties in the wake of the arrest of the country's leading opposition leader, local media reported on Friday. The Zambian leader said in the southern tourist capital of Livingstone on Thursday night that he will be forced to declare a state of emergency unless people stopped damaging pubic property. "Police, look out for these rabble rousers and trouble makers and...
(AFP (eng) 04/20/17)
Zambian opposition leader Hakainde Hichilema will remain in custody until at least next week after a court said Thursday it would rule on his application to have treason charges against him dropped. Hichilema was arrested last week for allegedly blocking President Edgar Lungu's motorcade while both were travelling to a traditional event in Zambia's Western province. Hichilema's lawyers asked the court to throw out the treason charges. Magistrate Greenwell Malumani said he needed time to study the submissions and would...
(Bloomberg 04/20/17)
WorldRemit Ltd., a British money-transfer operator, sees revenue from transactions involving Africans doubling by 2020 as more people on the continent access mobile-payment platforms and expatriates send cash home. The seven-year-old company, in which Facebook Inc.-backer Accel Partners LP invested $40 million in 2014, will this year open a regional office in South Africa, its largest market on the continent in terms of money-transfer value, founder and Chief Executive Officer Ismail Ahmed said in an interview. Another site will start...
(AFP (eng) 04/19/17)
Lawyers for the Zambian opposition leader arrested last week after allegedly refusing to give way to President Edgar Lungu's convoy have asked a court to throw out an associated treason charge. Hakainde Hichilema has been jailed since the police raided his home outside Lusaka on April 11 on charges of breaking the highway code and using insulting language. But the businessman-turned-politician is also accused of treason. According to court documents, Hichilema "on unknown dates but between 10 October 2016 and 8 April 2017 and whilst acting together with other persons unknown did endeavour to overthrow by unlawful means the government of Edgar Lungu."
(Bloomberg 04/19/17)
Zambia, Africa’s second-largest copper producer, plans to reach an aid deal for as much as $1.6 billion with the International Monetary Fund by the end of April, Finance Minister Felix Mutati said. Bond yields fell. “At the moment we know that we can get up to $1.6 billion -- if you ask me, I’d go for the maximum,” he said in an interview Monday in the capital, Lusaka. “Hopefully the program can be presented to the board sometime end of...
(Xinhuanet 04/19/17)
The Zambian government will complain to the Nigerian authorities following a statement from that country's former President Olusegun Obasanjo over the political situation in the country. Last week, the former Nigerian leader appealed to the Zambian government to adhere to the rule of law and human rights principles in dealing with opposition political parties following the arrest of the country's leading opposition leader Hakainde Hichilema who has been charged with treason. In a statement released by his media aide, Obasanjo...
(Reuters (Eng) 04/19/17)
Zambia opposition leader Hakainde Hichilema, arrested last week on suspicion of treason, was charged in a magistrate's court on Tuesday with trying to overthrow the government. Relations between the government and opposition have been raw since last August, when President Edgar Lungu's Patriotic Front (PF) party beat Hichilema's United Party for National Development (UPND) in a vote the opposition says was rigged. Police in Africa's No. 2 copper-producing country raided Hichilema's house on April 11 to arrest him and he...
(Xinhuanet 04/19/17)
UN Secretary-General Antonio Guterres, and the chairperson of the African Union Commission, Moussa Faki Mahamat, will convene Wedesday the first UN-AU Annual Conference. The two leaders will look into how to strengthen the partnership between the two organizations to face common challenges and opportunities in the continent, on issues of peace and security, sustainable development and human rights, said Stephane Dujarric, UN spokesman, at a daily briefing. "They will also sign the Joint United Nations-African Union Framework for an Enhanced...
(AFP (eng) 04/18/17)
Zambia's main opposition leader Hakainde Hichilema on Tuesday claimed he was assault by police during his arrest as he appeared in court on charges of obstructing the presidential motorcade. The leader of the United Party for National Development (UPND), who appeared before a magistrates court, is facing two separate charges over the alleged incident, which occurred on the weekend of April 8-9. One of the charges is treason which will be heard at a later date in the High Court...

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