ZAMBIA is a long way from attaining debt sustainability due to the huge level of indebtedness and massive restructuring required in the economy, says Bank of Zambia (BoZ) governor Dr Denny Kalyalya. And Dr Kalyalya says Zambia’s fiscal deficit position at 8.2 per cent of Gross Domestic Product (GDP) is unsustainable and that the country...

If you are interested in increasing the number of Russian State scholarships for Zambian students, we are ready to consider and satisfy this request, Federation Council of the Federal Assembly of the Russian Federation Chairperson Valentina Matviyenko has told President Edgar Lungu. And Matviyenko says Russia has adopted a law that allows foreign students studying...

State House says the country is in a difficult situation and security wings are doing everything in their power to stop the gassing of houses, but "this cannot be wiped out in one day". And State House spokesperson Isaac Chipampe says President Edgar Lungu has promised to speak on the gassing of houses once he...

HOME Affairs Minister Stephen Kampyongo says 370 households on the Copperbelt Province are suspected to have been gassed between January 22 and February 14, 2020, out which a total of 1,198 people were affected. Speaking when he rendered a Ministerial Statement in Parliament, Wednesday, Kampyongo gave statistics of those who had been affected by gassing...

The Bank of Zambia (BoZ) must maintain the Monetary Policy Rate (MPR) at 11.5 per cent and resist any attempts to adjust it upwards to avoid increasing the cost of borrowing, says the CTPD. In a statement released, Tuesday, Centre for Trade Policy and Development (CTPD) senior researcher Bright Chizonde appealed to the BoZ’s Monetary...

The Lusaka Magistrates’ Court has ordered the Drug Enforcement Commission (DEC) to release Intelligent Mobility Solutions Board chairman Walid EL Nahas’ passport to enable him travel to Lebanon for medical treatment. Nahas is jointly charged with former Special Assistant to the President for Press and Public Relations Amos Chanda and former RTSA chief executive officer...

VEDANTA Resources Holdings Limited has argued that the US $1,000,000 (K14,500,000) claimed by Rephidim Mining and Technical Suppliers Limited and two other companies as security for costs is an over-estimation of the likely costs in the matter and also intended to stifle the action. Vedanta adds that its action has reasonable prospects of success and,...

A Mazabuka Mob on Wednesday dragged a gassing suspect out of hospital and set him ablaze around 07:32 hours. Police spokesperson Esther Mwaata Katongo confirmed this in a statement, saying the suspect had earlier been rescued by police and rushed to the hospital after sustaining a broken leg. "On 19th February, 2020 at 02:35 hours...

In our previous editorial comment, we categorically emphasised on the issue of tribalism and challenged the top two political parties in the country to be magnanimous and pass legislation to criminalise tribalism – if indeed they despise it as they claim. As expected, people turned a blind eye to that opinion. But it has come...