BANK of Zambia governor Dr Denny Kalyalya says the the Monetary Policy Rate has been maintained at 9 percent due to the continued deceleration in inflation and its projected further decline towards the of end 2023. Meanwhile, Bank of Zambia Director ICT Dr Gregory Nsofu says the central bank has identified the hackers that caused...

FORMER president Edgar Lungu’s son, Dalitso, was yesterday interrogated by a joint investigations team in relation to the ownership of nine vehicles which allegedly belong to his company. And speaking to journalists after his client was interrogated for more than an hour, Wednesday, Dalitso’s lawyer Charles Changano explained that the officers wanted proof of whether...

THE Anti-Corruption Commission (ACC) has seized former gender minister Elizabeth Phiri's property in Chongwe's Silverest area which was originally earmarked for the construction of a government clinic. Addressing the media, Wednesday, ACC spokesperson Queen Chibwe said the commission decided to seize the property because it was corruptly acquired by Phiri. She added that the seizure...

PF member Geoffrey Bwalya Mwamba says he was questioned by the Anti-Corruption Commission (ACC) on Monday in relation to some funds which were sent into his account in 2015 from an overseas maize buyer. And Mwamba says maybe he is being pursued by law enforcement agencies because he disappointed UPND when he resigned from the...

A CONSORTIUM of civil society organisations has written to Chief Justice Mumba Malila to pursue remedial action for Ministers and other public office holders who have failed to fully declare their assets, liabilities and sources of income. In a statement, Tuesday, Chapter One Foundation executive director Linda Kasonde, Alliance for Community Action executive director Laura...

FORMER Bank of Zambia Governor Dr Caleb Fundanga says the country's enthusiasm to attract investment, foreign investors end up being given concessions that they don't even need. And Dr Fundanga says Chinese are running mines in Zambia although they have never been miners, adding that Zambians must take this as a challenge. Speaking when he...

UPND spokesperson Cornelius Mweetwa says there is nothing to celebrate about the K85 reduction in the cost of living, as measured by JCTR, because there is still enormous work that ought to be done. And Mweetwa says there is very little to criticise the UPND government about other than the complaint about the high cost...

ECONOMIST Professor Oliver Saasa says there are positive sentiments in the country that are stimulating economic growth. And Prof Saasa says Zambia is expected to record a single-digit inflation rate by August, adding that he has no doubt whatsoever that the government is doing the right things. In an interview, Professor Saasa said the first-quarter...

JUSTICE Minister Mulambo Haimbe says when one steals K200 or a chicken, there’s no alternative to jail time unlike those who corruptly loot public resources because the Anti-Corruption Act provides for amnesty in certain cases. And Haimbe says the President and all Ministers have declared their assets in one form or another. When asked by...

CHARLES Kakoma has ditched PF to re-join the UPND, saying he couldn’t stand to offer solidarity to thieves at court because he has always been against corruption. And former Chilanga member of parliament Captain Cosmas Moono has also re-joined UPND, saying he and Kokoma injured the party when they left. Meanwhile, UPND secretary general Batuke...