Monday 18 December 2017
(Lusaka Times 09/11/17)
The Zambia Development Agency’s performance during the first half of the year 2017 has recorded an increase in both value of Investment Certificates of Registration issued and projected jobs compared to the same period in 2016. The Agency issued 192 investment certificates in the first half of the year worth USD 12.581 billion and 28792 projected employment. The agriculture sector recorded the highest pledged investment worth 7,024.6 and projected employment of 4,584 followed by the energy sector with 4,376.4 and projected employment of 14,555 thousand. This is according to a statement issued by ZDA Public Relations Officer Russel Haamubbi. The other sectors that contributed are the manufacturing, mining, tourism, transport, real estate, construction, energy, health, agriculture and Information Technology and...
(Reuters (Eng) 09/11/17)
Zambia’s economy will grow 4.3 percent this year and 5.1 percent in 2018, boosted by improved agriculture and mining output and a recovery in electricity generation, the central bank said on Monday. “There has been strengthening confidence in Zambia’s medium to long-term economic prospects as reflected by the participation of non-resident investors in the Government securities markets,” the Bank of Zambia said in a report surveying the first half of 2017.
(Lusaka Times 09/11/17)
Minister of Transport Brian Mushimba says Zambia’s soon-to-be-revamped National airline will maintain its old name Zambia Airways. Mr Mushimba says plans to revamp the airline have reached an advanced stage, with an expected launch to take place next year. He says his ministry has already compiled a document presenting three scenarios over the national airline that is currently being vetted by the Ministry of Finance before it is pushed for cabinet review. Mr Mushimba was speaking during TV2’s Morning Live News and Current Affairs Segment. Mr Mushimba emphasized that Zambia is economically stable for the much anticipated development.
(Xinhuanet 09/11/17)
The Zambian government has unveiled a Green Paper that outlines its expenditure framework from 2018 to 2020, with a focus on restoring fiscal fitness for sustained inclusive growth, a senior official said on Monday. The 2018-2020 Medium Term Expenditure Framework (MTEF) was aimed at linking government's medium term development goals to their budgetary implications within the current fiscal environment and was the first time in seven years that a green paper was being unveiled to the public for scrutiny, commentary and refinement. "The MTEF will focus on restoring fiscal fitness for sustained inclusive growth and development. This will be done by realigning spending and enhancing domestic resource mobilization," Secretary to the Treasury Fredson Yamba said, according to a statement released...
(Bloomberg 09/11/17)
The South African companies that dominate the U.K.’s growing private hospital industry are counting on more people like Katie Corrie. A children’s party entertainer, Corrie opted to use 13,000 pounds ($17,000) of her savings and inheritance to get a hip replacement rather than spend months on a National Health Service waiting list. Britons like her are forking out almost 1 billion pounds a year to cover their own medical expenses, a trend that’s giving at least one industry the scope to look past Brexit turmoil. “Even if I hadn’t had the money put aside, I would have found a way to pay for it,” said Corrie, 50, who estimates the business she runs with her husband would have lost 10,000...
(Xinhuanet 09/09/17)
Zambia on Friday launched construction of a China-funded mega-road project that connects the southern and central parts of the country to the mining towns in the Copperbelt province. The construction of the 321-kilometer Lusaka-Ndola dual carriageway, including the bypass roads in Kabwe and Kapiri Mposhi, and 45 kilometers of the Luanshya-Fisenge-Masangano Road will be done by China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) at a cost of 1.2 billion U.S. dollars, a loan from China's Exim Bank. The road, to be constructed in four years, will create over 3,000 jobs for local people.
(Reuters (Eng) 09/09/17)
Zambia has awarded a Chinese firm a $1.2 billion contract to expand part of a key road linking Zambia to the Democratic Republic of Congo and southern African neighbors, President Edgar Lungu said on Friday. China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) will build the 321 km (200 mile) Lusaka-Ndola dual carriageway over four years, Lungu said during the launch. Zambia is Africa’s second biggest copper producer and Ndola is the capital of the nation’s copperbelt region. Chinese investment in Zambia already includes roads, agriculture, mining and energy projects such as a 750 megawatt-hydro-power station in the south of the country.
(Xinhuanet 09/08/17)
Communication ministers from the Southern Development Community (SADC) countries vowed on Thursday to turn the region into an information and knowledge-based economy. This emerged from a ICT (information and communication technology) meeting taking place in Durban, a coastal city in southeastern South Africa. Communication ministers from 15 SADC countries have been meeting in Durban since Monday to discuss the region's ICT infrastructure. The meeting, also attended by policy regulators, implementing agencies and ICT industry players, was designed to help create a more integrated region and help move its communication systems forward. "An accessible, affordable and reliable telecommunications is essential for us to benefit from the Fourth Industrial Revolution which has the potential to leapfrog SADC region economically and socially as...
(APA 09/08/17)
Deprivation and marginalization, underpinned by weak governance, are primary forces driving young Africans into violent extremism, according to a comprehensive new study by the United Nations Development Programme (UNDP), the first study of its kind. Based on interviews with 495 voluntary recruits to extremist organizations such as Al-Shabaab and Boko Haram, the new study also found that it is often perceived state violence or abuse of power that provides the final tipping point for the decision to join an extremist group. “Journey to Extremism in Africa: Drivers, Incentives and the Tipping Point for Recruitment” presents the results of a two-year UNDP Africa study on recruitment in the most prominent extremist groups in Africa. The study reveals a picture of a...
(Bloomberg 09/07/17)
African Rainbow Minerals Ltd., the miner chaired by South Africa’s richest black businessman, will pay a record dividend this year as rising iron-ore and manganese prices boosted earnings at its ferrous unit. ARM will pay investors 6.50 rand a share, almost triple that of the previous year, and its 11th consecutive dividend, the Johannesburg-based company said in a statement Thursday. The company benefited from a 45 percent increase in prices received for exported iron ore and 93 percent more for its manganese. While ARM is “confident in the long-term outlook for commodities,” the company said prices will “remain volatile” this year. The rand, in which ARM pays most of its costs, has strengthened against the dollar this year, reducing earnings...
(Xinhuanet 09/06/17)
Zambian President Edgar Lungu on Tuesday said he will not succumb to pressure from civil society to revoke the order that gave police extra powers to curb lawlessness in the country. On July 5, the Zambian leader declared a Threatened State of Public Emergency which gave police extra powers to control the tension escalated in the country following the arrest of leading opposition leader Hakainde Hichilema who was charged with treason. The declaration was approved by the parliament to run for three months. However, 28 civil society organizations resolved to petition the parliament to revoke the decree on Friday
(Business Daily 09/06/17)
Kenya’s long standing milk export standoff with Zambia has taken a positive turn with the regional trading bloc seeking intervention of the UN food agency. The Common Market for Eastern and Southern Africa (Comesa) said it would engage the Food and Agriculture Organisation (FAO) and the Zambian government to resolve the 13-year-old stalemate. Zambia has for over a decade rejected Kenya’s milk on quality grounds, citing high level of bacteria which exceeds its national total bacteria count (TBC) of 200,000 per mililitre. Kenya follows the global benchmark of one million TBC per millilitre. Comesa director for trade customs and monetary affairs Francis Mangeni was quoted saying in local Zambian media that experts from FAO, the ministries of Commerce, Trade and...
(Xinhuanet 09/06/17)
Zambia soccer team on Tuesday revived their hope to qualify to the World Cup 2018, as they secured second win over Algeria 1-0, in Hamlaoui Stadium in Constantine province, 420km east of Algiers, in the Group B qualifiers. Patso Daka scored the sole goal of this game as Zambia reinforces its second place in Group B with 7 points, only 3 points away from top spot Nigeria (10 pts). On Monday, Nigeria held Cameroon 1-1. Algeria and Cameroon are virtually out of the race, as they collected 1 points, and 3 points, respectively. For now, Zambia and Nigeria will fight hard to secure the sole ticket of the group to Russia 2018, although experts believe the Eagles are more likely...
(Zambia Daily mail 09/06/17)
The construction of a cutting edge training simulation centre at the Zambia Air Force (ZAF) headquarters is yet another confirmation of Government’s commitment to keeping Zambia, and defence forces in particular, abreast with modern infrastructure and technology. It is evidence that the PF government is walking the “Smart Zambia” talk. President Lungu yesterday opened an ultra-modern three-storey simulation centre aimed at boosting pilots’ craft and confidence through cost-effective, safe and realistic training methods on highly computerised and technologically advanced L-15 fighter ground attack aircraft. It is gratifying that the simulator centre is well-equipped with highly advanced systems with capability to monitor aircraft from the ground, making it possible for ground crew to easily detect faults and rectify them. The simulation...
(Bloomberg 09/05/17)
A surge in agriculture has helped lift Africa’s biggest economies out of their slumps, but the recovery may be weak. Gross domestic product in Nigeria, the continent’s largest crude producer, advanced for the first time in six quarters in the three months ended June from a year earlier, growing 0.55 percent, the statistics agency said. In South Africa, GDP expanded 2.5 percent from the previous quarter, ending the second recession in almost a decade. Both economies had agriculture largely to thank: in South Africa, a bumper corn harvest following the worst drought in more than a century saw the sector surge 34 percent from the prior quarter, while in Nigeria, where farming vies with industries as the second-biggest contributor to...
(Bloomberg 09/04/17)
The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday will probably show South Africa’s economy expanded in the three months through June, ending its second recession in less than a decade. Nigeria’s gross domestic product probably grew from a year earlier, and came out of its worst slump in a quarter of a century. South Africa and Nigeria together account for almost half of sub-Saharan Africa’s GDP and their recoveries may boost trade and production across the region. The reasons differ: while Nigeria, the continent’s biggest oil producer, is benefiting from a rebound in crude output, stronger retail sales may help drive growth in...
(AFP (eng) 08/31/17)
Zambia's main opposition leader on Thursday condemned his four-month imprisonment for alleged treason as an abuse of the criminal justice system by his political opponents. Hakainde Hichilema was released from custody two weeks ago after being detained for allegedly failing to give way to President Edgar Lungu's motorcade. "It is not because the police have done an investigation, it is because a member of the ruling party has instigated the police to arrest this citizen," Hichilema said. "You cannot have a criminal justice system that operates like that." The charges were widely seen as part of a crackdown on dissent by Lungu's Patriotic Front government. Hichilema, leader of the United Party for National Development (UPND), was speaking at a joint...
(Zambia Reports 08/31/17)
One of the most controversial personalities in Zambian electioneering Priscilla Isaacs has parted ways with the Electoral Commission of Zambia following the expiry of her contract. Isaacs who has served as ECZ Director has overseen two highly emotionally charged elections that have delivered President Edgar Lungu as the winner wound up her rein at the ECZ today. Isaacs' name regularly propped up in post-election disputes but the calm natured lady maintained her innocence. By Bwembya Mutale
(Xinhuanet 08/31/17)
Cooperation between China and Africa has seen remarkable progress in renewable energy, showing the determination of developing countries to harness the huge potential of clean energy and combat climate change. China-Africa Renewable Energy Cooperation and Innovation Alliance, a coalition of financing institutions, smart grid providers and core manufacturers, on Thursday signed a Memorandum of Understanding (MOU) on cooperation with Africa Renewable Energy Initiative (AREI). "Africa has the highest potential for renewable energy, but the least access to it," said Seyni Nafo, chairman of AREI endorsed by the African Union Assembly. The MOU will enable the two parties to cooperate in renewable energy generation in Africa, with Chinese smart grid providers and core renewable energy manufacturers providing technological and financial support...
(Lusaka Times 08/30/17)
Electoral Commission of Zambia (ECZ) Chief Electoral Officer Priscilla Isaac’s contract has ended. ECZ Public Relations Officer Raphael Phiri says Ms Isaac’s contract will come to an end tomorrow, Thursday 31st August, 2017, but that her official last working day was today Wednesday, 30th August, 2017. Mr Phiri says Ms Isaac opted not to renew her contract after serving the Commission for 17 years. Ms Isaac joined the Commission as a public relations officer before being elevated to Deputy Director Elections and Voter Education. Director of Electoral Operations, Chomba Chella has since been appointed to act as Chief Electoral Officer.

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