Finance Minister Dr Bwalya Ng’andu has revealed that Zambia’s total indebtedness inclusive of contingent liabilities and debt owed by State-Owned Entities (SOEs) now stands at US $18.5billion with an average interest of 4.5 per cent. Speaking during the investor call following the copper producers request to defer coupon payments on its dollar bonds for six...

WE can’t wait to hear what the Konkola Copper Mines Liquidator, Milingo Lungu, has to say about the US$1.6 million KCM scandal in which he has been implicated. We can’t wait to see how the battle between the PF cadres is going to pan out and who will end up the rightful beneficiary of this...

UNIVERSITY of Zambia Lecturers and Researchers Union (UNZALARU) has sued the University of Zambia (UNZA) Council in the Lusaka High Court, claiming payment of K4.5 million arising from arrears of unremitted union contributions. UNZALARU also wants interests, costs and any relief that the court may deem fit. In a statement of claim filed in the...

NATIONAL Democratic Congress (NDC) president Chishimba Kambwili says Konkola Copper Mines, under the leadership of Provisional Liquidator Milingo Lungu, has become a cash cow for the PF. And Kambwili has challenged Milingo to exonerate himself and explain the fraud allegations levelled against him Meanwhile, Kambwili has urged President Edgar Lungu to urgently address the controversial...

STANDARD and Poors (S&P) Global Ratings have lowered its long-term foreign and local currency sovereign credit ratings on Zambia to 'CCC-' from 'CCC' following the Zambian government’s request to suspend Eurobond debt interest payments. According to its latest ratings, S&P disclosed that it had lowered its long-term foreign and local currency sovereign credit ratings on...

THE Court of Appeal has granted the Copperbelt Energy Corporation (CEC) leave to commence judicial review proceedings in the Lusaka High Court against Energy Minister Matthew Nkhuwa’s decision to declare its transmission and distribution lines as a common carrier. Court of Appeal judges Mubanga Kondolo, Flavia Chishimba and Judy Zulu-Mulongoti, ordered that the judicial review...

THE Electoral Commission of Zambia (ECZ) says the introduction of the new voters’ register is a result of recommendations made by political parties, international observers and auditors in 2016. And the Commission says the pre-online registration is not a requirement, but only an option for those who wish to quicken their registration process. In an...

PRESIDENT Edgar Lungu says he respects the independence of the Electoral Commission of Zambia (ECZ) and that insinuations that he has directed the Commission to abandon the old voters’ register to disadvantage the opposition in the 2021 general election is not true. And President Lungu says he is equally uncomfortable with some of the ECZ’s...

THE Lusaka High Court has declined to grant Musicians Chama Fumba, popularly known as Pilato, Maiko Zulu, Brian Bwembya and others leave to commence Judicial Review proceedings against the Electoral Commission of Zambia's decision to compel duly registered voters to present themselves before registration officers for verification under a new register for the 2021 general...

A Copperbelt based businessman Joseph Chilinda has told the Kabwe High Court that KCM liquidator, Milingo Lungu, bought his company, Cashfin Zambia Ltd, for US$500,000 and promised to pay through a procurement tender from Konkola Copper Mines. This is a matter in which four individuals have dragged Cashfin Zambia Limited owners, Chilinda and Convex Equity...