| Africatime
Saturday 29 April 2017
(Voice of America 05/07/13)
Zambia’s High Commissioner to South Africa has reassured the government in Pretoria that diplomatic relations between the two nations will remain strong, according to Clayson Monyela, South African Foreign Affairs Ministry Spokesman. “South Africa noted with regret this negative comment about South Africa attributed to the vice president of Zambia,” said Monyela, referring to a report in the Guardian newspaper. “What we have received from the Zambia High Commissioner,” continued Monyela, “is that relationship between Zambia and South Africa remains strong, solid, friendly and fraternal and historical. We will seek an explanation from him in terms of what do these remarks mean in the context of our bilateral relations.” Last week, South Africa summoned Zambia’s ambassador Muyeba Chikonde to explain...
(Lusaka Times 05/06/13)
The Zambia Consumers Association (ZACA) has called on government to reconsider the move to increase fuel pump prices as it has adverse effects on the national economy. In an interview with ZANIS today, ZACA Executive Director Muyunda Ilionga said the move will result in increased cost of living for the Zambian population, whose majority is still wallowing in poverty. Mr Ililonga has implored government to also consider the plight of the unemployed, poor and lowly paid citizens whose budgets cannot be stretched. He stated that the increase in fuel prices will lead to increased cost of goods and services thereby impacting the lending services in the banking sector as workers will not have the capacity to save. ZACA further explained...
(Lusaka Times 05/06/13)
Action Aid Zambia has observed that tax avoidance by multinational companies that are operating in the country was rampant and widespread. Country Director Pamela Chisanga disclosed that following her organisation’s revelation of alleged tax avoidance scandal by Zambia Sugar, many informants have come out to testify of tax avoidance bordering on tax evasion by many companies in the country. Ms. Chisanga told ZANIS in an interview in Lusaka today that Action Aid would name other companies that were involved in tax evasion but will have to verify this information before doing so. She has since urged government to tighten up its regulatory roles in order to seal all the loopholes being used by companies to avoid paying tax. She said...
(Times of Zambia 05/06/13)
FINANCE Minister Alexander Chikwanda has signed a Statutory Instrument (SI) that brings into force the Bank of Zambia (Monitoring of Balance of Payments) Regulations 2013, whose objective is to monitor Balance of Payments in a transparent manner. This is according to a statement released in Lusaka yesterday by the ministry’s public relations officer Chileshe Kandeta. “The Ministry of Finance takes this opportunity to affirm that in no way do the regulations stipulated in the SI32 of 2013 constitute any intentions, implied, disguised, concealed or otherwise by any other definition, to introduce exchange controls in Zambia,” Mr Kandeta said. He said instead of denigrating the regulations, the measures should be seen as a significant step towards creating high transparency standards in...
(Times of Zambia 05/06/13)
MOVEMENT for Multi-party Democracy (MMD) Kafulafuta Member of Parliament James Chishiba and his entire constituency leadership have officially defected from the party to join the ruling Patriotic Front(PF). Mr Chishiba said he would work with the people in the area to support Government in developing the country. PF secretary general Wynter Kabimba, who officially received the MP and other defectors at Mutaba Basic School in Kafulafuta Constituency yesterday said the decision by Mr Chishiba and other members were welcome by President Sata. Mr Kabimba, who was also Justice Minister, said the party would consider endorsing Mr Chishiba to stand as PF candidate for the by-election because the people in Kafulafuta had chosen to work with him. Mr Kabimba was accompanied...
(Zambian Eye 05/03/13)
Bus operators in Lusaka have increased bus fares to all routes by K100 following the up adjustment of fuel by PF government this week. The prices will be effected by Monday next week, May 6, 2013. Flash Bus Proprietor Ismail Kankhara announced Thursday, May 2, 2013 that the increment has been necessitated by the fuel price and fragile of the kwacha that keeps depreciating against other currencies. On Tuesday, April 30 at midnight fuel went up after the PF government removed the five percent subsidy which it says is not benefit the poor. Today, May 2, 2013 in a statement released by his Spokesperson, President Michael Sata says the removal of the subsidy on petroleum products will enable the state...
(Zambia Reports 05/02/13)
Consumer Unit Trust has condemned the recent increase in fuel prices saying it goes against market forces. The Patriotic Front government removed subsidies on fuel and the price of the commodity has gone up to by KR1.63 (K1,630 old currency) while that of petrol has gone up by KR1.75 (K1, 750 old currency). As a result, a litre of petrol which initially was costing KR8.16 (K8, 160 old currency) will now fetch KR9.91 (K9, 910 old currency) while a litre of diesel which was costing KR7.50 (K7,500 old currency) will now cost KR9.13 (K9, 130 old currency). It is the first time in the history of Zambia a litre of fuel will now host an equivalent of US $2 and...
(Reuters (Eng) 04/30/13)
Economic development researchers on Monday unveiled a database of China's aid to Africa in an effort to work around Beijing's secrecy about the numbers, as a debate rages over the intentions and impact of Chinese assistance. The study and database by the Washington-based Center for Global Development and AidData, a research project, includes 1,673 Chinese development finance projects worth $75 billion in 50 African countries from the years 2000-2011. The Chinese figures, using standard measures of Official Development Assistance (ODA) and Other Official Finance (OOF), are roughly on par with U.S. aid to Africa during the same period, the Center for Global Development said. While official ODA from Western countries and some major developing countries is openly reported and easily...
(Allafrica 04/24/13)
ZAMBIA Railways Limited (ZRL) chief executive officer, Clive Chirwa has been suspended for alleged corruption in the manner he managed the national railway. The Anti-Corruption Commission (ACC) has since commenced investigations into reports of alleged corrupt practices and abuse of authority of office against Professor Chirwa and the dissolved ZRL Board of Directors. President Michael Sata suspended Prof Chirwa and ordered the Anti-Corruption Commission (ACC) to probe him for alleged corrupt practices. A stand-off erupted between the dissolved Board of Directors, led by Mark Chona, and Prof Chirwa. Mr Sata has also ordered Prof Chirwa to vacate the luxurious Fallsway apartments and placed him on half monthly pay, pending the conclusion of the investigations. The President announced the suspension in...
(The Post Online 04/24/13)
UPND says the age limit put on the presidency by the national constitution convention is not an issue to the party. At the just-ended national constitution convention, delegates agreed that under the new constitution, anyone above the age of 75 should not be allowed to run for Republican president. None of the 10 provinces made that proposal during provincial conventions, but the executive and legislature committee of the national convention introduced it. On the qualifications of a presidential candidate, article 97 (1) of the first draft constitution states that: "A person qualifies to be nominated as candidate for election as President if that person - (d) is not less than thirty-five years of age. But the executive and legislature committee...
(Reuters (Eng) 04/22/13)
African finance ministers told their rich nation counterparts at weekend meetings of the International Monetary Fund and World Bank to work harder and faster to kick-start their economies to avoid a prolonged slump that could undermine strong growth in the developing world. "We are concerned," Nigerian Finance Minister Ngozi Okonjo-Iweala said at the meetings of global finance leaders. "If we continue to see slow growth in the euro zone, which provides a large market for many African countries, and is coupled with a slowdown in emerging economies, then we will become more vulnerable," Okonjo-Iweala told a news conference of African finance ministers. "We need to insist that our partners in other parts of the world work harder and faster." Despite...
(Reuters (Eng) 04/15/13)
Sub-Saharan Africa's economic growth should accelerate to more than 5 percent over the next three years, far outpacing the global average, but the region must do more to convert this into reducing poverty, the World Bank said on Monday. In its latest Africa's Pulse analysis of prospects for the region, the bank saw increased investment, high commodity prices and a pick-up in the global economy driving this expected growth surge in the world's poorest continent. It said foreign direct investment (FDI) inflows to Sub-Saharan Africa were projected to increase to record levels each year over the next three years, reaching $54 billion by 2015. This compared to $37.7 billion in 2012, a 5.5 percent increase in a year when FDI...
(Xinhuanet 04/10/13)
LUSAKA, April 10 (Xinhua) -- The Zambian government has defended immigration officials who blocked former President Rupiah Banda from traveling to Kenya for the inauguration of that country' s fourth President Uhuru Kenyatta, a statement released by a government spokesperson Wednesday said. Banda, who was invited by Kenyan authorities to be among dignitaries to attend the inauguration ceremony, was blocked at the Kenneth Kaunda International Airport by immigration officials when the former president and his entourage wanted to board a Kenyan plane. Banda, who is facing corruption charges, was turned away at the airport by immigration officials who cited orders from 'higher authorities'. Authorities returned Banda's passport which was in the custody of the court as part of his bail...
(Reuters (Eng) 04/10/13)
Carlyle Group (CG.O) is looking at a number of banks in east and west Africa for a potential investment, its Africa co-head said on Wednesday, as the U.S. private equity firm focuses on the continent's growing consumer market. Carlyle, which last year invested in a pan-African grain trading firm, has recently signed a second deal, Marlon Chigwende also told the Reuters Africa Investment Summit. "Banking is very interesting today, and that is the general statement across a lot of sub-Saharan Africa," Chigwende told the Reuters Africa Investment Summit in Johannesburg. "Certainly, there are several opportunities of fast-growing banks, good management teams, interesting market positioning." Although private equity is still at a nascent stage in Africa, investor interest in the fast-growing...
( 04/10/13)
The Africa Development Bank (AfDB) has launched a a multi-country and multi-partner project which seeks to increase food security and improve the income and living standards of small-holder farmers in the 20 African countries by improving the value chains of four important staple crops – maize, wheat, cassava and rice. The project targets to demonstrate by 2016, that it is possible to increase the yields of cassava, maize, rice and wheat by at least 20% on smallholders’ farms, increase the smallholder’s household cash income to $600 from the current $370 and increase food security by at least 20% to 84% from the present 73%. According to media statement from the implementing agency, International Institute of Tropical Agriculture (IITA), key stakeholders...
(UKzambians 03/28/13)
President Michael Sata has been invited for a one week state visit to China by that country’s head of state Xi Jinping. In the one week state visit which will start from the 5th to 12th of April, President Sata is scheduled to among other things have bilateral talks with his Chinese counterpart, meet some other top Chinese leaders, and sign bilateral agreements on cooperation between the two countries. Speaking at press briefing held in Lusaka this morning, Chinese Ambassador to Zambia Zhou Yuxiao disclosed that President Sata will also be invited to attend the Boao Forum for Asia Annual Conference for 2013 from the 6th to 8th April. Ambassador Yuxiao further noted that at the Boao Forum for Asia...
(UKzambians 03/28/13)
UNITED States Ambassador to Zambia Mark Storella has announced a US$5.6 million programme for the improvement of research in Zambia’s health sector. At the signing ceremony yesterday, Ambassador Storella said the three-year Strategic Information Initiative programme would empower the Zambian government and healthcare providers to make the right programme planning decisions for the Zambian public. “What is critically important about this initiative is that its development is based on needs expressed by the Zambian government and a team of healthcare professionals,” he said. “This US$5.6 million investment equips the Zambian government and healthcare professionals to make programme decisions based on quality data generated directly by healthcare providers.” The partnership harmonised existing Zambian government strategic plans and fund activities proposed by...
(ABC News 03/26/13)
Zambia’s former president Rupiah Banda said political parties are being persecuted in the country as he was charged in court on the same day that two other opposition leaders appeared in separate cases. Banda denied the charge of abuse of power in the Lusaka magistrate court today. He was arrested yesterday and is accused of benefiting from a government oil-procurement deal with Nigeria, according to Magistrate Joshua Banda. President Michael Sata, who defeated Banda in elections in 2011, has been criticized by opposition parties for attempting to return Zambia to a one-party state. Police have arrested and detained Nevers Mumba, the leader of the Movement for Multiparty Democracy, the biggest opposition party, at least three times since November. Hakainde Hichilema,...
(Reuters (Eng) 03/26/13)
"BRICS, Don't Carve Africa" reads a banner in a church hall in downtown Durban where civil society activists have gathered to cast a critical eye at a summit of five global emerging powers. The slogan evokes the 19th Century conference in Berlin where the predominant European colonial states carved up the African continent in a scramble historians see as epitomizing the brash exploitative capitalism of the time. Decades after Africans threw off the colonial yoke, it is the turn of the blossoming BRICS group of Brazil, Russia, China, India and South Africa to find their motives coming under scrutiny as they proclaim an altruistic-sounding "partnership for development, integration and industrialization" with Africa. Led by that giant of the emerging powers,...
(Reuters (Eng) 03/26/13)
President Barack Obama hosts the leaders of four African nations this week, all of which are cited in a new report for effectively increasing spending on agriculture to combat extreme poverty and hunger. The report by the ONE Campaign, an anti-poverty group co-founded by Irish rockers Bono and Bob Geldof, said Senegal, Malawi, Cape Verde and Sierra Leone either met or were close to meeting targets for increased budget spending on agriculture. All of the countries, except Cape Verde where there is little data, are also on track or close to meeting a U.N. target of halving extreme poverty by 2015, the report said. The African leaders will visit the White House on Thursday to showcase their fledgling democracies, but...

Pages