ZCCM-IH, FQM deal will bring us more money, insists govt
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the transaction which aims at converting ZCCM-IH’s dividend rights in Kansanshi Mine into royalty rights will bring more money into the country. Dr Musokotwane says discussions for the royalty model started three years ago, adding that the UPND government only took it up because the deal has merit. Meanwhile, ZCCM-IH Board Chairperson Dorika Banda says royalty models are being used in various countries, arguing that the royalty of 3.1 percent with regards to ZCCM-IH is actually on the higher side. Speaking during a media briefing, Tuesday, Dr Musokotwane said the royalty.......
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Duping people with out-of-court settlements
FOR some time now, we have been told that the best way our government can succeed in turning around our country’s economy is by increasing mineral production from the current 850,000 tonnes per year in copper to about three million tonnes. This is expected to have a positive spiral effect on job creation and business opportunities in the mining sector. To achieve this, we have been told, we need to unlock the mining assets. To unlock the assets, we have been told, we need to take legal disputes out of court. First of all, shall we just agree that there is no such thing as resolving a dispute by taking it out of court. Taking a matter out of court does not in any way suggest an end to a dispute. Either party maintains their claim on the other. This means that only he who has a bad case should be eager to take matters out of court. Therefore, it goes without saying that he who proposes outside court settlement must be willing to bend more and lose more than the other. It is illogical to expect that you will get the result that you would have gotten if the matter was resolved in court. In terms of mine disputes, when you move out of court, it means you are telling the world that you wish to resolve the matter outside the terms prescribed in the shareholders’ agreement under arbitration. It means you want to create new rules regarding who can claim what, in order to settle a dispute. In the case of our government and FQM, it is clear that the UPND has chosen to bend more and lose.......
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LEAs to blame for collapse of amnesty, they scandalise immunity agreements – PF
PF presidential aspirant Emmanuel Mwamba says law enforcement agencies’ actions of scandalising their earlier agreements with suspects have undermined the amnesty process and recovery of assets suspected to be proceeds of crime. On Friday, Drug Enforcement Commission (DEC) Director General Mary Chirwa said offering criminals amnesty was not effective, adding that investigative wings just needed to up their game in order to catch the offenders. But in an interview, Mwamba argued that law enforcement agencies’ actions of contesting earlier agreements…….
HOW TO ACCESS POLICE BOND IN ZAMBIA: PRACTICE AND PROCEDURE
HOW TO ACCESS POLICE BOND IN ZAMBIA: PRACTICE AND PROCEDURE By: Muleta Kapatiso In Zambia, it is not uncommon in Zambia to find suspects or accused persons in police detention for a very long periods of time. If you take the trouble to check police posts in various parts of the country, you find that people are detained for as long as 90 days without any opportunity to appear before court. Pretrial detention in Zambia is major challenge to the....
