Saturday 17 February 2018
(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...
( 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...
(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...
(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...
(BBC News Africa 03/26/13)
Zambia's former President Rupiah Banda has pleaded not guilty to a charge of abuse of power during his time in office. The charges relate to an oil deal signed with a Nigerian company, which prosecutors say was meant to benefit Mr Banda and his family. "No my Lord, I deny the charge," Mr Banda told the court, AFP reports. The ex-president says the charges are part of a political witch-hunt against him and his allies. After three years in power, he lost the 2011 election to Michael Sata. He was arrested and questioned for nearly three hours before being freed on bail on Monday. Earlier this month the 76-year-old was stripped of presidential immunity. He is due back in court...
(The New York Times 03/26/13)
BEIJING — As President Xi Jinping of China continues his first overseas trip as his country’s leader, arriving in South Africa late on Monday after Russia and Tanzania, he meets with much goodwill – but also some concern among Africans that China may be a “new colonial power,” extracting resources and selling manufactured goods, as I reported on Sunday. China knows it. In a speech in Tanzania, Mr. Xi sought to calm the concerns, as my colleagues Chris Buckley and Jeffrey Gettleman reported. “China frankly faces up to the new circumstances and new problems in Sino-African relations,” Mr. Xi told an audience of Tanzanian politicians and officials in Dar es Salaam, the country’s economic hub and a center of government,...
(The Post Online 03/25/13)
BANK of Zambia (BOZ) governor Dr Michael Gondwe says players in the financial sector must increase services to Small and Medium Entrepreneur sector which has become the engine of Zambia's economic growth. Speaking in Chavuma on Friday where he accompanied minister of Finance Alexander Chikwanda to the official opening of the National Savings and Credit Bank (NATSAVE) branch, Dr Gondwe said Small and Medium Entrepreneurs (SME) sector provides employment for many people who cannot be absorbed into formal employment and increased access to financial services remained a key challenge to the segment. He said the Bank of Zambia took a step towards regulating Microfinance Institutions (MFIs) in 2006 in an effort to close the gap in the delivery of financial...
(The Post Online 03/25/13)
GOALKEEPER Kennedy Mweene says he had to sacrifice himself by being sent off to prevent Lesotho from scoring first. And striker Collins Mbesuma says Chipolopolo's World Cup qualification dream is still on despite being held 1-all by Lesotho in Maseru. Mweene sacrificed his part in the match by fouling Lekhoana outside the box to prevent Lesotho's obvious goal-scoring opportunity. With Mweene's expulsion, striker Fwayo Tembo was sacrificed as an up field player while Joshua Titima took over the gloves for Zambia. In a post-match interview, Mweene said he expected to be red carded after the foul. "I had to sacrifice myself to prevent that striker from scoring," Mweene said. "If they Lesotho went up first, the game was going to...
(Zambia Daily mail 03/18/13)
THE World Bank Group (WBG) has approved the country partnership strategy (CPS) for Zambia for the period 2013-2016, which focuses on promoting diversification and private sector development. This follows the World Bank board of directors which sat to discuss on Thursday which approved the CPS, focus is to help Zambia achieve its goal of becoming a prosperous middle-income country by 2030. This is contained in a statement issued in Lusaka and availed to the Daily Mail over the weekend. The strategy which is in line with the country’s vision has three objectives namely: reducing poverty and vulnerability of the poor, improving competitiveness and infrastructure for growth and employment, and improving governance and strengthening economic management. The CPS is grounded in...
(The Zimbabwe Mail 03/18/13)
LUSAKA - Former Zambian president Rupiah Banda appeared before an official investigation panel on Monday to answer allegations of corruption during his three years in charge of Africa's biggest copper producer. Police barricaded roads leading to the national anti-drugs offices, where Banda underwent more than two hours of questioning behind closed doors before the session adjourned until Tuesday. After his release, Banda, who was stripped of his immunity from prosecution last week, urged supporters gathered outside the building not to try to take the law into their own hands. "May I ask you all to remain calm even under extreme provocation. This is our country," he said. Defense lawyer Robert Amsterdam has accused President Michael Sata's government of launching a...
(Zambia Daily mail 03/18/13)
THE Central African Seed Services (CASS) has been given a US$100,000 grant by the Southern Africa Trade Hub to purchase equipment for processing groundnuts. The equipment which will be purchased is capable of cleaning, sorting and grading four tonnes of groundnuts per hour which will enable Jungle Beat, CASS’s long-time Zambian partner, to increase its purchase of nuts from small-scale farmers by 10,000 tonnes per season. According to a statement availed to the Daily Mail in Lusaka on Friday, the surplus nuts in the country will be exported to South Africa and the European markets in a variety of peanut-based products. “The Southern Africa Trade Hub has awarded a grant of US$100,000 to CASS to purchase equipment for a first-of-its-kind...

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