Inflation will drop if exchange rate stabilises – Saasa
ECONOMIST Professor Oliver Saasa says the inflation rate is likely to reduce this month if there is stability in the exchange rate. On Thursday, Zambia Statistics Agency Chief Statistician Chola Daka revealed that the country’s inflation rate increased to 13.5 percent in February from 13.2 percent in January. Commenting on the announcement in an interview,…...
MPs must reflect on their failure to act on warnings of drought – Kampyongo
Former Home Affairs minister Stephen Kampyongo says lawmakers must reflect on their failure to act on early warning signs of the drought that has caused President Hakainde Hichilema to declare a national disaster and emergency, amidst an impending food crisis. And Pambashe PF MP Ronald Chitotela says food shortage would have been avoided if all…...
HH salutes police, urges them to introspect in the face of corruption allegations
PRESIDENT Hakainde Hichilema has saluted the men and women of the Zambia Police Service for tirelessly serving the country in preserving peace and maintaining law and order. The President has, however, urged the officers to introspect in the face of corruption allegations and other unlawful conduct within their ranks. Meanwhile, Inspector General of Police Graphel…...
Zesco announces resumption of load shedding
ZESCO director of power generation Wesley Lwiindi says the water reservoirs at Kariba North Bank and Kafue Gorge are extremely low and the only way to manage them is to implement load shedding. Speaking during a stakeholder engagement with farmers in Mazabuka, Monday, Lwiindi said the drought conditions being experienced in the country had affected…...
Lungu should stay on course if he wants to be more humiliated than in 2021 – Mulusa
GOVERNMENT Chief Whip Stafford Mulusa says those who are wise and close to former president Edgar Lungu should sit him down and advise him to go back to being a statesman. Mulusa adds that Lungu can remain on course if he wants to be more humiliated than he was in 2021. In an interview, Sunday,…...
Afreximbank commits $1.6bn to Zambia
PRESIDENT Hakainde Hichilema has disclosed that the African Export-Import Bank (Afreximbank) has availed US$1.6 billion funding to Zambia towards development financing to strengthen the country’s food security. In a Facebook post, President Hichilema, who held a meeting earlier with Afreximbank president Dr Benedict Oramah, said the funds came at a critical time when the country…...
Firms involved in suspected illicit financial transfers to Asia should be deregistered – Lifuka
GOVERNANCE Activist Rueben Lifuka has called for the enactment of laws which prevent local Zambians from serving as front shareholders for entities, particularly those engaged in illegal activities. And Lifuka says the entities involved in suspicious transactions amounting to US$2.8 billion, as cited by the FIC, should not only be investigated but deregistered. The Financial…...
Socialist Party seems serious, PF is completely gone – Mweetwa
CHIEF Government Spokesperson Cornelius Mweetwa has bragged that the ruling party has won 47 out of the 50 local government by-elections which have been held since it came into office in 2021. And Mweetwa says only the Socialist Party seems to be serious when it comes to by-elections among opposition political parties. Last week, the…...
Munyaule marketeers vow never to vote for HH
SOME Munyaule marketeers have vowed never to vote for President Hakainde Hichilema. And PF faction secretary general Raphael Nakacinda has urged Lusaka Mayor Chilando Chitangala to stop patronising the UPND, saying they will destroy her career. Meanwhile, New Heritage Party Leader Chishala Kateka has demanded that government compensates the traders whose makeshift stalls were destroyed…....
Zumani’s co-accused sues State for loss of business, demands over $2m
FORMER president Edgar Lungu’s political advisor Chris Zumani Zimba’s co-accused in the gassing case, Marlone Banda, has sued the State demanding damages for malicious prosecution and loss of business in the sum of over US$ 2 million. On December 1, 2023, the Lusaka High Court acquitted Zimba and three others of gassing-related charges on grounds…...
