Desperate measures to save the Kwacha
SPEAKING at a Monetary Policy Committee media briefing, yesterday, Bank of Zambia (BoZ) Governor Dr Denny Kalyalya said the country’s economic situation is far from normal, stressing that the interventions that the Central Bank is applying to manage the Kwacha volatility, though contradictory, are necessary to control the situation. He warned that things might get…...
Manufactures have faced difficulties absorbing impact of Kwacha depreciation – Sagar
ZAMBIA Association of Manufacturers (ZAM) president Ashu Sagar says the manufacturing sector has faced difficulties in absorbing the impact brought about by the depreciating Kwacha and fuel prices in the last four months. In an interview, Sagar expressed concern over the impact of the exchange rate on the manufacturing sector, saying it was affecting imports…....
Mweetwa tends to say things he shouldn’t when excited – Lubinda
PF faction vice-president Given Lubinda says Chief Government Spokesperson Cornelius Mweetwa tends to say things he shouldn’t say when he is excited. And Lubinda says President Hakainde Hichilema has failed to fulfil his promises to the people and should, therefore, resign so that the country can have fresh elections. Meanwhile, Lubinda says former president Edgar…...
We have no immediate plans to relocate capital city to Ngabwe – Veep
VICE-PRESIDENT Mutale Nalumango has disclosed that government has no immediate plans to relocate the country’s capital city from Lusaka to Ngabwe District of Central Province. The Vice- President was responding to Lufubu UPND member of parliament Wesley Kolala who wanted to find out whether government had any plans to relocate the capital city from Lusaka,…...
Gabriel Banda was on campus the day UNZA riot happened – Witness
A WITNESS has told the Lusaka Magistrates’ Court that former UNZASU president Gabriel Banda was at the Great East Road Campus on the day the riot happened last year. Former UNZASU president Chandra Chongo told the court that he sent his henchman to see what Banda, who is Socialist Party national youth secretary, was doing…...
ACC records warn and caution statement from Kakubo for abuse of office
THE Anti-Corruption Commission yesterday recorded a warn and caution statement from former Foreign Affairs Minister Stanley Kakubo in a matter where he is under investigation for abuse of office. The ACC is probing possible abuse of office by Kakubo, relating to his acquisition of mining licences and allowing his Chinese business partners to initiate mining…...
We’re close to reaching HIV epidemic control – Masebo
HEALTH Minister Sylvia Masebo says the country is very close to reaching all the numerical goals of HIV epidemic control. And Masebo says challenges persist with 28,000 new HIV infections annually, particularly among adolescents and young people who lack awareness of preventive measures. Meanwhile, US Ambassador to Zambia Michael Gonzales says looking towards the future,…...
We’ve embarked on process of repealing, replacing IBA Act – Kawana
MINISTRY of Information and Media Permanent Secretary Thabo Kawana says his ministry has embarked on the process of repealing and replacing the IBA Act number 17 of 2002. Speaking during the commemoration of World Radio Day in Ndola, Tuesday, Kawana, who represented Information and Media Minister Cornelius Mweetwa, said the ministry had also embarked on…...
PAC hears how MoA lost K1.7m through reuse of import permits
THE Ministry of Agriculture has told the Public Accounts Committee that the Ministry lost revenue totalling K1,716,586 in respect of agricultural products which were imported through the possible reuse of permits. The Auditor General’s report shows that the Ministry authorised the export of various agriculture commodities weighing 55,485,928 kg on Single Window System. However, a…...
Govt responds to drought, suspends all maize exports
AGRICULTURE Minister Reuben Mtolo Phiri says government has suspended the export of maize to neighbouring countries to ensure the country has enough stock of the commodity. Meanwhile, Swedish Ambassador to Zambia Johan Hallenborg has noted that the country has improved in terms of upholding media freedoms. Speaking on the side-lines of the launch of Lima…...
