55% of solar milling plants procured at $200m are non functional – AG
THE latest Auditor General’s report on Zambia’s external debt stock has revealed that 555 of the 1000 solar powered milling plants procured at a cost of US$200,000,000 are non-functional. And the report has revealed that government paid China Energy Engineering Group Hunan Electric Power Design Institute Co. Limited US$33,750,000 as an advance payment for the…...
IRH offered to buy shares in KCM, but Vedanta hasn’t responded yet – Kabuswe
MINES and Minerals Development Minister Paul Kabuswe has confirmed that International Resources Holdings (IRH) has submitted an unsolicited bid to Vedanta to purchase shares in Konkola Copper Mines (KCM). IRH recently acquired a 51 percent stake in Mopani Copper Mines. When asked about Delta Mine’s interest, a subsidiary of IRH, to buy shares in KCM…...
Stop having so many children and putting stress on us – govt
COMMUNITY Development and Social Services minister Doreen Mwamba has urged unemployed and vulnerable couples to seriously consider taking up family planning to avoid having a large number of children they can’t afford to take care of. Mwamba notes that it’s very irresponsible for a couple to continue having children whom they can’t feed, cloth or…...
Partners willing to help Zambia address effects of drought – Govt
GOVERNMENT says some development partners approached during the recently held Spring Meetings have indicated willingness to provide financial support to Zambia in response to the country’s appeal for emergency drought assistance. And Finance and National Planning Minister Situmbeko Musokotwane says the Spring Meetings of the IMF and World Bank Group were a success for Zambia…....
High Court orders Kasanda to pay construction company $15,132
THE Lusaka High Court has entered a default judgement against Lusaka businessman Sedrick Kasanda in a matter in which a construction company sued him demanding US$15,132, being the outstanding amount for the fabrication and installation of aluminium windows, doors and glass at his lbex Hill house. Alumen Fabricators submitted that it entered into a verbal…...
VERBATIM: Court hears how Kapata allowed ZAPD to cut down mukula and export during ban
Nchito SC: Now, notwithstanding that the trade in Mukula was banned and according to you, there was a decision from Cabinet that all Mukula go to ZAFFICO. Remember that? Jean Kapata: Yes, My Lady. Nchito SC: You used your discretion to give this Mukula to CAPAH or Mr Masange? Jean Kapata: My Lady, because it…...
News Diggers! ePaper Edition 1721 Friday April 26, 2024
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Fixing the economy by regulating sex and reproduction
OUR minister in charge of community development and social services says her government doesn’t need to be stressed by citizens who continue to have children when they know that they are not employed and cannot fend for their children. Considering the prevailing high cost of living, the minister is guiding couples that are jobless to…...
BOZ commences payments to Investrust customers
THE Bank of Zambia (BOZ) has announced that it has started making payments to Investrust Bank Plc clients, with the initial payment of up to K500,000 per deposit account to be made starting today, up to May 10, 2024. In a notice, Thursday, BOZ Assistant Communications Director Besnat Mwanza stated that depositors with balances of…...
ERB fines Taam Zambia Ltd K60,000 for operating without valid license
THE Energy Regulation Board (ERB) says it has fined Taam Zambia Limited K60,000 for operating without a valid license. In a statement, ERB Public Relations Manager Namukolo Kasumpa stated that the board had also reprimanded Vivo Energy Zambia for breach of license conditions, specifically clause 7 of Zambian standard 385 which mandates all licenses to…...