Outlook of Zambia’s Debt Sustainability Amidst Economic Challenges
Sovereign debt is considered sustainable if the government can meet all its current and future debt service obligations without requiring financial assistance or defaulting. Sustainable debt levels are important and excessively high debt service payments can significantly exceed the potential returns from new investments. Zambia aims to maintain debt sustainability through annual Debt Sustainability Analyses […]
Let UPND recall its L/stone Mayor so that she clears her name from corruption allegations
TRANSPARENCY International Zambia is calling on Constance Muleabai, the Livingstone City Council Mayor to take leave of absence from her office in order to facilitate an unhindered investigation into a corruption scandal in which she is implicated. Under normal circumstances, we would not be writing an editorial opinion supporting the removal of a public office…...
NRFA has K18bn legacy debt, monthly, we pay K400m towards it – Nkoma
NRFA Board Chairperson Noel Nkoma says every month, the agency pays almost K400 million towards legacy debt and current road contracts. And Nkoma says he wants to run an NRFA which is devoid of any politics. Speaking when he featured on Radio Phoenix’s Let the People Talk programme, Friday, Nkoma said there was reckless borrowing…...
We’ve received about $395m in drought response support – DMMU
DMMU National Coordinator Gabriel Pollen says the country has received about $395 million from cooperating partners as part of the drought response support. And Dr Pollen has disclosed that Zambia will next week receive a pay out of about $13 million from the African Risk Capacity under a drought insurance cover. In an interview, Friday,…...
L/Stone Mayor must take leave to facilitate proper investigations into corruption scandal – TIZ
TRANSPARENCY International Zambia (TIZ) Executive Director Maurice Nyambe has urged Constance Muleabai to take leave of absence from her office to facilitate an unhindered investigation into a corruption scandal in which she is implicated. On Saturday, Diggers revealed that an investigation had linked Muleabai, who is Livingstone Mayor, to a bribery scandal in which she…...
We released K14.4bn in May – MoF
GOVERNMENT says it released K14.4 billion in May 2024 to finance public service delivery of which K1 billion was for transfers, subsidies and social benefits, among others. And government says K7.3 billion was spent on both domestic and external debt service in the month of May. In a statement, Sunday, Secretary to Treasury Felix Nkulukusa…...
Don’t waste food, we’re in a crisis – Chipoka
ACTING Minister of Health Chipoka Mulenga says as the country faces drought, it’s important for citizens to desist from throwing away any excess food but instead safely save it for another day. Mulenga also notes that children are at a higher risk of malnutrition and mortality arising from food borne diseases. Speaking during the commemoration…...
Unpredictable load shedding schedule irks Catholic Priest
IF Zesco doesn’t want to follow its own load shedding schedule, they should just do away with it and we’ll dance to icipante pante (directionless tunes), says Fr Borniface Mwika. And Fr Mwika, who is St Francis Xavier Kalingalinga Parish priest, observes that while Zesco often switches off power 10 minutes before schedule, restoring power…...
From now on, all workshops will be done in govt buildings, declares Cabinet
WHEN you were being employed, you were employed to work in offices, all of a sudden, the public service believes that you can’t concentrate in the office, it ends today, says Secretary to the Cabinet Patrick Kangwa. Kangwa says from now on, any workshops will be held from government buildings and savings from this will…...
NGOCC encourages Saboi to report Levy for sexual harassment
THE Non-Governmental Organisation Coordinating Council (NGOCC) has encouraged NDC leader Saboi Imboela to report President Hakainde Hichilema’s political advisor Levy Ngoma to the police for sexual harassment if she has evidence to back her claims. NGOCC has also asked President Hichilema to take interest in Imboela’s allegations. On Thursday, Imboela alleged that Ngoma had been…...