THE Auditor General says Mulungushi University has been operating on losses since 2013. And Mulungushi University owes ZRA and NAPSA over K20 million in PAYE and other contributions. According to the Auditor General’s report on parastatal bodies and other statutory institutions for the year ended December 31, 2015, the institution had recorded operation deficits for...

Zambia is now one of the most unequal countries in the world; with 10 per cent of citizens receiving 52 per cent of all income, while the bottom 60 per cent gets just 12 per cent says Brenthurst Foundation head Greg Mills. And Mills says in a bereft of ideas, the government has reverted to...

MINISTER in the Vice-President’s office Sylvia Chalikosa says those with information incriminating Zambian officials in the Malawi maizegate scandal should take it to law enforcement agencies so that they can act. Chalikosa was responding to a question for oral answer asked by Choma Central UPND member of parliament Cornelius Mweetwa who wanted to know what...

THE Bank of Zambia (BOZ) has declared Intermarket Banking Corporation (IBC) solvent; 90 days after the Central Bank takeover. The statement means that the commercial bank will soon be reopened and depositors would have access to their money. According to a statement issued by BOZ, the shareholders have proposed to restructure Intermarket Bank so as...

FINANCE minister Felix Mutati yesterday dodged questions on whether the Bank of Zambia was negligent in monitoring operations of Intermarket Banking Corporation. This was during a question and answer session in Parliament yesterday after the minister gave a statement on the re-opening of the bank after it was shutdown in November last year due to...

Mweetwa wants govt to explain position on maizegate scandal.

AGRICULTURE Minister Dora Siliya says farmers must continue spraying their fields because army worms have not been entirely eradicated.

THE Bank of Zambia has allowed Mizinga Melu’s appointment as Barclays Bank Zambia managing director with the condition that she will be removed if any “adverse information” concerning her emerges. A senior regional Barclays Bank official who sought annonymity confirmed that Melu was leaving a higher position to lead Barclays Bank Zambia but said it...

AGRICULTURE minister Dora Siliya says government will soon hold a stakeholders meeting to review the performance of the Farmer Input Support Programme.

ZAMTEL chief executive officer Dr Mupanga Mwanakatwe has left the institution following an unexplained mutual agreement.