LAWRENCE Sikutwa & Associates Limited (LSA) and ZFI Holdings Limited (ZFI), the two largest shareholders in Madison Financial Services (MFS), have separately executed Share Purchase Agreements (SPAs) with XYLEM Trading (Pty) Limited (XTL), relinquishing their combined 72.05 per cent shareholding in the insurance giant. According to a market announcement, LSA and ZFI, a private limited...

SCORES of mourners gathered at the Anglican Cathedral of the Holy Cross, Tuesday, to pay their last respect to Hot FM chief executive officer Zachariah Chavula. Chavula, who passed away last Thursday, was described as a visionary, loving and kind man. Speaking during the church service, Hot media group executive chairperson Oscar Chavula said his...

THE Bank of Zambia (BoZ) has commenced accumulation of gold as part of the official international reserves assets following the purchase of 47 kilogrammes of Dore gold from Zambia Gold Company Limited. In a statement, Tuesday, the BoZ announced that following its formal commencement of gold purchases, it was now expecting Kansanshi Mining Company Plc,...

THE Lusaka High Court has refused to grant Energy Minister Matthew Nkhuwa and Chembe PF member of parliament Sebastian Kopulande an order of interim injunction to restrain UPND deputy spokesperson Cornelius Mweetwa and the Mast Newspaper from occasioning any further reputational injury against them. Lusaka High Court judge Mwila Chitabo said in his ruling that...

FORMER Defence Minister George Mpombo says the ruling Patriotic Front’s politics of attacks, revenge and outbursts risk plunging the country into a serious modicum of political brouhaha, And Mpombo says those being persecuted by the PF regime should never tire but persevere as they will soon triumph after the August 12 elections. In an interview,...

DEMOCRATIC Party (DP) president Harry Kalaba says the PF will be shocked the same way MMD was overwhelmed following their historic 2011 general election defeat. Commenting on PF national party chairperson Samuel Mukupa’s remarks that there was no wind for change in the country and that he was confident that Zambians would still re-elect the...

TRADITIONAL healer Chileya Chilufya, popularly known as Kalonga Kanono, has reconciled with a 27-year-old woman who was accused of trespassing on his premises. Miriam Kunda was accused of trespassing on the premises of Chilufya after she visited his office on two different occasions seeking traditional medicine to get back with her husband who had chased...

UNITED Party for National Development (UPND) chairman for elections Gary Nkombo says the party is not worried with their recent by election losses as they are gaining ground in PF strongholds. And Nkombo says his party will not allow PF's vote buying "monkey business" during the August 12 general elections. The Patriotic Front (PF) scooped...

LUSAKA Central Member of Parliament Margaret Mwanakatwe says she is not scared of any competition within and outside the ruling party. In an interview, Mwanakatwe said she was not afraid of ZANACO Board Chairperson Charity Lumpa who announced her intentions to contest her seat on the PF ticket. “She has come on the PF ticket,...

FORMER Works and Supply minister Yamfwa Mukanga says he is seeking permission from the Constitutional Court to allow him pay in installments the salary he illegally acquired during his stay as Minister after Parliament was dissolved in 2016. The Constitutional Court on 7th December gave former Cabinet ministers, their deputies and provincial ministers 30 days...