The Pan-Africa Exchange (PANEX), a multi-asset exchange company licensed as a securities and commodities exchange in Zambia, has started signing up clients to purchase government bonds from as low as K100 to trade. PANEX Chief Executive Officer, Jacob Maaga, said in a statement yesterday that the move is aimed at facilitating increased financial inclusion among...

Police in Choma have arrested two suspects in connection with the murder of Clive Wixely, a white farmer who was shot dead last month and had K149,000 stolen from him. Southern Province Police Commissioner, Bonny Kapeso, said the suspects are Winford Hachibone, 40, of Kakoyo village, chief Macha and Jackson Mbandama, 20, of Polo village,...

UPND president Hakainde Hichilema has written to United Nations Secretary General António Guterres complaining about the conduct of his representative to Zambia, Janet Rogan. After accusing Rogan of having worked with the ruling PF to rig the 2016 elections, Hichilema wrote a letter to the UN office in Zambia requesting to have a meeting with...

People’s Alliance for Change (PAC) president Andyford Banda says the Patriotic Front government has no other message to give the Zambian people apart from road construction, which is the only thing they know. And Banda says there is need for drastic transformation and restructuring of government ministries in the way they operate if the Seventh...

THE kwacha has started depreciating towards the K10 per dollar mark following strong demand for dollars and an unexpectedly undersubscribed Treasury Bill auction. According to financial market players, the kwacha, which appreciated against the US dollar by over 2 per cent during the first quarter of the year, is starting to depreciate again owing to...

Housing and Infrastructure Development Minister Ronald Chitotela’s brother Mubanga says the corruption allegations against the former are driven by those with personal hatred against him. On Saturday, SANEC Executive Director Gregory Chifire alleged that President Edgar Lungu and the Anti-Corruption Commission (ACC) were protecting Chitotela and other corrupt ministers, in a statement posted on his...

Patriotic Front PF Secretary General Davies Mwila has summoned acting Lusaka Mayor Chilando Chitangala to his office following the demolishing of Luburma market in Kamwala trading area. Mwila who was angered by the Lusaka City Council’s action said he wants the local authority to explain why it went ahead to demolish the trading structures without...

Every time when rival factions of the Movement for Multi Party Democracy (MMD) get on each other’s throat, a moral question arises. Whose interests are these people who are fighting for MMD trying to serve? Are they scrambling for a political party that is likely to form government in the foreseeable future, the answer is...

Newly appointed Zambian Ambassador to France Dr Christine Kaseba Sata says by implementing best agriculture practices, Zambia has potential to become Africa's bread basket. Speaking to journalists after being sworn-in at State House, Monday, Dr Kaseba, who is former first lady, observed that despite its weather conditions, France produced cereal products which it exported to...

Patriots for Economic Progress leader Sean Tembo says President Edgar Lungu, his ministers and technocrats must stand ready to personally pay back debt they are illegally contracting. On Friday, Chief Government Spokesperson Dora Siliya told critics that government had no reason to lie over the debt situation. “What interest would we have to lie? To...