Saturday 16 December 2017
(Times of Zambia 06/26/13)
Zambia has a stable and predictable regulatory regime in which foreign mining firms can operate freely, Mines, Energy and Water Development Deputy Minister Richard Musukwa has said. Mr Musukwa said there was need to have a predictable regulatory and fiscal regime because mining was a long-term venture. It was important that governments provided predictable policies that governed and regulated the mining industry. This is contained in a statement released by Press secretary at the Zambian High Commission in London Amos Chanda, who indicated that the deputy minister was speaking at a two-day conference on mining themed ‘Sharing the Profits of the Commodity Boom’ in London, Mr Musukwa told investors attending the conference that Zambia’s regulatory regime was one of the...
(Lusaka Times 06/26/13)
BLOOMBERG reports that Zambia has room to borrow another $1 billion on international markets while keeping debt levels in check, as it seeks to create jobs and cut poverty, says commerce and trade deputy minister Miles Sampa. The country plans to follow last year’s sale of US$750 million of overseas securities with a US$500 million to US$1 billion offering in 2013, to help finance infrastructure projects, Mr Sampa said in an interview with Bloomberg. Mr Sampa stated that debt to gross domestic product of Zambia will remain under 40 percent, compared with South African debt forecast to peak at 40.3 percent of GDP in 2016 and more than 100 percent for Italy, Portugal and Cyprus. Copper reached the lowest level...
(Zambian Watchdog 06/26/13)
THE Lusaka High Court has upheld the five year jail sentences slapped on former Finance Minister Katele Kalumba and three others for corrupt practices. Mr Justice Evans Hamaundu sitting with High Court Judge-in-Charge Jane Kabuka said the subordinate court could not be faulted for slapping a custodial sentence against the four because they were guilty of the offences. Katele, former directors of the defunct Access Financial Services Limited (AFSL) Faustin Kabwe and Aaron Chungu and former Finance Permanent Secretary Stella Chibanda had appealed against the five-year jail sentence. They had appealed on grounds that the lower court had erred both in law and facts when it found them guilty of the offences. In a more than five-hour majority judgment prepared...
(Zambia Reports 06/26/13)
Hichilema was reacting to Sampa’s claims that the ruling Patriotic Front was using contingency budgetary allocation to fund the wasteful by-election. The UPND leader said Sampa should not think he was fooling Zambians because they are well aware of the way the PF was wasting money on unnecessary by-elections to garner massive legislative numbers. “Sampa should not think Zambia’s are less educated. They understand these things. Sampa and his friends are shameless liars, it’s only that they don’t have any shame. He is not fooling Zambians if that’s what he thinks. He is fooling himself,” he said. Hichilema challenged the PF government to clearly state how much was budgeted for the by-elections that have continued to drain tax payer’s money...
(Zambian Watchdog 06/26/13)
The PF regime will next month expected to flag off the fertiliser distribution exercise for the 2013/14 farming season. Agriculture and Livestock Deputy Minister Rodgers Mwewa said at a media briefing in Chipata on Monday that Government would flag off the distribution of fertiliser in line with the newly introduced barter system method. Mr Mwewa said the barter system would be executed through the Farmer Input Support Programme (FISP). “We want to flag off the distribution of fertiliser this month so that farmers have enough time to prepare for the farming season,” he said. He explained that under the barter system method, Government would give a bag of fertiliser to farmers in exchange for two bags of maize. Mr Mwewa...
(Zambia Daily mail 06/26/13)
GOVERNMENT says the public media, particularly the Zambia Daily Mail, would have performed much better as a business if the statutory debt owed to some government institutions had been removed. Ministry of Information and Broadcasting Services permanent secretary Amos Malupenga, who said this in Lusaka yesterday, reiterated that the authorities will not allow public media institutions to collapse because they can be profitable. “Perhaps if the statutory debt was not there,” Mr Malupenga said, “the Daily Mail would have some breathing space…”. He said Government is aware that the three institutions are facing huge financial challenges and owe large sums of money in unremitted statutory obligations. The managers of the public-owned media have in the past demonstrated how viable the...
(Zambian Watchdog 06/26/13)
Kansanshi Mining Plc management influenced by Boers from South Africa has decided that all vehicles for black Zambians shall not be allowed entry into the mine lease and will only park outside the main gate which is about 7 to 10 kilometers to their work places. Only whites and Boers will be allowed entry. The land earmarked for blacks to park is already being cleared. Vehicles for whites and boers will be censored via the robots to allow entry. The robots have already been installed. Refer to picture. Kansanshi mine is already installing electronic gates that will alternate with robots for passage to prevent zambian blacks from entering the mine with personal vehicles. Only a few selected zambians will be...
( 06/26/13)
The Southern African Development Community (SADC) will hold an Infrastructure Investment Summit in Maputo, Mozambique on Thursday. The summit is seen as highly important for the SADC as it seeks to accelerate its industrial and trade capacity through substantial infrastructure investment in order to expand economic growth and employment creation. The summit will be attended by representatives from the business and financial communities, as well as by the heads of state of Angola, Mozambique, Malawi and South Africa and the chairperson of the African Union Commission. President Jacob Zuma will participate in a high-level round table session on Thursday, during which he will focus on the North-South Corridor in his capacity as Champion of the AU-Nepad Presidential Infrastructure Championship Initiative...
(UN.org 06/26/13)
New HIV infections among children have been reduced by 50 per cent or more in seven countries in sub-Saharan Africa, the United Nations agency spearheading the global AIDS response said today. Botswana, Ethiopia, Ghana, Malawi, Namibia, South Africa, and Zambia have reduced new HIV infections among children by half since 2009, while Tanzania and Zimbabwe are also making substantial progress. This is according to the latest progress report on the Global Plan towards the elimination of new HIV infections among children by 2015 and keeping their mothers alive (Global Plan), which was launched in July 2011 at the UN General Assembly High-level Meeting on AIDS. The Plan has two main targets for 2015: a 90 per cent reduction in the...
(Bloomberg 06/25/13)
Zambia’s Bond and Derivatives Exchange plans to open a second debt-trading platform in Africa’s biggest copper producer by February to rival the Lusaka Stock Exchange, a market official said.The exchange, known as the Badex, may open trading of its first product in about two weeks after simulated buying and selling started on June 13, Deputy Chief Executive Officer Peter Sitamulaho said yesterday by phone from Lusaka, the capital. Kwacha-dollar currency futures will offer an exchange-risk hedge after a law requiring companies exporting goods or services to trade in kwacha came into effect in May 2012, he said. “We are seriously entering the bond space very soon,” Sitamulaho said. “We’ve already started negotiating with the government and the central bank to...
(Zambia Reports 06/25/13)
Hunger has ravaged Luangwa district and people are in danger of starving to death just a few days after the ruling Patriotic Front government spent in excess of K10 billion to ensure Patrick Ngoma returned to Parliament on their ticket in a wasteful by-election. District Commissioner Eunie Mumba has confirmed the situation and appealed for relief food before the people can start starving to death. Mumba said the hunger has descended on the area because of the drought experienced recently and animal human conflict in the area. He said the rain was erratic and the prolonged dry spell affected the crop yield resulting in acute shortage of food in the area. Mumba said there is need to cushion the hunger...
(Times of Zambia 06/25/13)
PRESIDENT Michael Sata has urged newly-sworn-in Works, Supply, Transport and Communications Permanent Secretary, Charity Ngoma to prioritise development of the transport sector in Zambia. Mr Sata said the road network in the nation had continued to be in a bad state, hence the need to ensure it was improved. He said a good road network will be a vital link to implement various development programmes being embarked on by his administration. “Coming from the grassroots, I hope you will improve the road sector. The transport sector is bad in this country. That is why we removed subsidies because the rich people were enjoying at the expense poor people,” he said. He said this when he swore-in, Ms Ngoma, who takes...
(Times of Zambia 06/25/13)
FIRST Quantum Minerals (FQM) has engaged Government over an environmental protection order slapped on the mining giant by the Zambia Environmental Management Agency (ZEMA), last month. The protection order imposed by ZEMA meant that FQM could not progress with the construction of the Chisola dam which was to be used for supplying water to its Kalumbila Sentinel Mine project in Solwezi. The halt in construction has led to five hundred workers being laid off, leaving only 1,200 people working on the US$2.4 billion mining project set to be complete in July, 2014. FQM resource optimisation manager at Trident John Gladston said yesterday that the firm engaged Government over the matter as the establishment of Kalumbila was vital to the development...
(Zambian Watchdog 06/25/13)
The ruling Patriotic Front (PF) in Solwezi is optimistic that the party will win the Solwezi East parliamentary seat in the forthcoming by- election. Solwezi district PF chairperson Yobe Banda said Solwezi was no longer a stronghold of the Movement for Multiparty Democracy (MMD) and the United Party for National Development (UPND). Mr. Banda told ZANIS in an interview that people have welcomed and appreciated the developmental projects that the PF has so far implemented in the district since it came into power 19 months ago. He said the ruling party has done all the ground work and it was now ready for the parliamentary by-election. And Mr. Banda stated that the Patriotic Front was advocating for peace before, during...
(Zambia Daily mail 06/25/13)
THE Zambia Railways Limited (ZRL) network that we know today was built during the British rule. The purpose was to access the vast mineral deposits of Central Africa. The company that started the now ZRL was called Rhodesian Railways which linked Northern Rhodesia (Zambia) to Southern Rhodesia (Zimbabwe). The railway arrived in our country in 1905 when the 150-kilometre Livingstone-Kalomo line of was built before the Victoria Falls-Livingstone Bridge was completed in September of the same year. The first wagon was driven by oxen while the first locomotive was pieced together at the gorge across the bridge so as to start the first line of operation to Kalomo. So how did Zambia Railways get begotten? The railways from Kalomo reached...
(Lusaka Times 06/25/13)
Minister of Transports, Works, Supply and Communications, Yamfwa Mukanga, has said that the engagement and retirement of former Zambia Railways Limited Chief Excutive Officer Clive Chirwa was done in a transparent and mature manner. In a Ministerial statement to Parliament this afternoon, Mr. Mukanga noted that Prof. Chirwa did not recognize the authority of the board in that he disobeyed most of the instructions given to him. The Minister added that the board served him with several warning letters and reminded him of his duties under the contract. He said the Ministry and the Board should guide the management on Government’s expectation of their roles in corporate governance but Mr Chirwa never took the advice. “Professor Chirwa never took the...
(Times of Zambia 06/25/13)
ZAMBIA is making significant efforts in eliminating human trafficking, the United States (US) Department of State’s 2013 Trafficking in Persons (TIP) Report has noted. Although Zambia maintained its “Tier 2” ranking for anti-trafficking efforts, which means while the country does not fully comply with the minimum standards for the elimination of trafficking, it is making significant efforts to do so. The report summarises human trafficking in each country and evaluates each government’s actions to protect victims, prosecute perpetrators and prevent modern-day slavery. US supports Zambia’s national anti-trafficking plan of action in the areas of training, data collection, capacity-building and victim protection through grants to the International Organisation for Migration (IOM). During the reporting period, Zambia completed work on one shelter...
(National Mirror Online 06/25/13)
Africa has lost at least $200 billion in five decades to illegal fishing and another $100 billion in illegal bunkering since 2003. Speaking at the opening of the Summit of Heads of States and Governments of the Economic Community of Central African States, ECCAS, the Economic Community of West African States, ECOWAS, and the Gulf of Guinea Commission, GGC, the African Union Commission Chairperson, Nkosazana Dlamini- Zuma, warned that such incursion should not be allowed to continue. The summit with focus on maritime safety and security in the Gulf of Guinea opened yesterday in Yaoundé, the Cameroonian capital with President Goodluck Jonathan in attendance, among 25 other African leaders. Jonathan, who had last week raised serious concern over crude oil...
(Zambia Daily mail 06/24/13)
PRESIDENT Sata has brought to an end, speculation that the Patriotic Front (PF) government’s national budget has “collapsed” as reported in some sections of the local media recently. The President has described such claims as “premature, unwarranted and mischievous.” “Our foreign reserves currently stand at about US$2.4 Billion while the country has recorded over US$2 billion in investment pledges in various sectors of the economy in the first quarter of 2013. “Similarly, non-traditional exports grew to US$530.7 million in the quarter of 2013, compared with US$500.9 million recorded during the same period in 2012. It is therefore, irresponsible to engage in extreme talk amidst such a robust national economic performance,” Mr Sata said. This is contained in a statement issued...
(Zambian Watchdog 06/24/13)
Mkaika MP David Phiri has also been forced to create another by-election by the PF after he was forced to announce his resignation from his party the MMD to join PF today. According to Radio Mpangwe monitored by the Watchdog in Eastern province this morning, Phiri has joined the long list of traitors who have been defecting from their parties to satisfy their belly politics. His anti-MMD behaviour where he was openly campaigning and distributing PF materials recently earned him a suspension from the MMD. So far he has not been participating in an efforts to strengthen the party that put him into parliament and has been refusing to make any monthly contributions as is the case for all MPs...

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