BoZ’s reactions to kwacha performance allow speculators to take advantage – Nkhoma
ECONOMIST Noel Nkhoma says the Bank of Zambia (BOZ) should not be reactive to sorting out issues surrounding the depreciation of the Kwacha because such moves give advantage to speculators on the market. A speculator is any individual or firm that accepts risk in order to make a profit. Speculators can achieve these profits by…...
Zambia likely to get $184m at end of Dec – IMF
The International Monetary Fund (IMF) says the likelihood that Zambia will access $184 million at the end of the month is high because the country’s economy has shown resilience. Zambia accessed its first IMF package in March this year after reaching a staff level agreement with the Washington based institution. In a statement, Friday, IMF…...
We’ll need police permits even to celebrate puberty – Mumbi
THERE was heavy police presence in Kabwe on Saturday despite Tutwa Ngulube’s family cancelling his first memorial service. This, however, did not stop some senior PF faction leaders from gathering at his house, where former PF deputy Secretary General Mumbi Phiri said it seemed women would soon need a police permit to celebrate puberty. Meanwhile,…...
How ‘family members’ are dealt with matters in corruption fight – Musa
ANTI-Corruption Commission Chairperson Musa Mwenye says the only way to measure the commitment to the fight against corruption is to look at how members of the family are dealt with. And Director of Public Prosecution Gilbert Phiri says it is commendable that government has made a decision to ensure that there is electronic procurement of…...
There’s no law compelling a President to stay at State House, rules ConCourt
THE Constitutional Court has dismissed Patriots for Economic Progress (PeP) leader Sean Tembo’s petition in which he was seeking an order that President Hakainde Hichilema’s insistence to commute almost on a daily basis from his home in New Kasama to his office at State House amounts to irresponsible use of public resources. In this matter,…...
Trade Kings donates K250,000 towards Senseli Mine disaster
THE TRADE Kings Foundation has donated K250,000 to the government in an effort to support the rescue mission of trapped miners at Senseli Mine in Chingola on the Copperbelt. More than 30 miners are said to have been trapped at Senseli Mine on the Copperbelt after the open pit mine they were working under collapsed…...
It’s insensitive for govt to compensate UPND affiliates – Linda
CHAPTER One Foundation Executive Director Linda Kasonde has described the compensation of UPND affiliates through consent judgments as insensitive because they are happening amid the increased cost of living. And Chief Government Spokesperson Cornelius Mweetwa says it will be hypocritical for government to state a specific timeframe in which people should expect the cost of living…...
Easterners form movement to challenge “marginalisation”
SOME prominent Easterners have formed a grouping aimed at fighting perceived marginalisation of their region by the UPND government. According to an interim committee seen by News Diggers, Muhabi Lungu is chairing the movement while LAZ president Lungisani Zulu is deputising him. Zulu, however, says he is not aware of anything because he was “just…...
With opposition like PF, we’re assured of governing beyond 2026 – Milupi
INFRASTRUCTURE, Housing and Urban Development Minister Charles Milupi says UPND is assured of governing beyond 2026 if PF, the main opposition party, continues clinging to someone who made them lose power. And Milupi says former president Edgar Lungu has destroyed the PF. Last Thursday, Kawambwa PF member of parliament Nickson Chilangwa said citizens were looking…...
News Diggers! ePaper Edition 1622 Monday December 11, 2023
… Membership Required You must be a member to access this content.View Membership LevelsAlready a member? Log in here...
