AG reveals how Defence Ministry lost $7.8m in botched Sukhoi Jet transaction
THE Auditor General’s Report on the Accounts of the Republic for the Financial Year ended December 31, 2021, has revealed that the Ministry of Defence in July 2017 signed a contract price of $49,400,000 for the supply of a Zambia Air Force Aircraft, and $7,800,000 was paid, but it has not been delivered as at…...
Follow-up official creditors meeting will make Zambia rise from ashes – Musokotwane
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the soon-to-be convened follow-up official creditors meeting is an opportunity for Zambia “to rise from the ashes” and become a trusted global investment partner. And Dr Musokotwane says Zambia is on course in her quest to resolve the crippling debt crisis. According to a statement issued…...
Banks are frustrated, we report money laundering, you don’t act, Mizinga tells ACC
BANKERS Association of Zambia (BAZ) chairperson Mizinga Melu has lamented that the financial sector is taken aback when no action is taken against certain individuals after they are reported for suspicious financial transactions to relevant authorities. And Melu revealed that in some instances, people holding high public offices call banks and openly ask for help…...
News Diggers! ePaper Edition 1321 Friday October 14, 2022
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PF’s replaces Lusangazi candidate after police nab first choice
POLICE on Thursday arrested PF Lusangazi Chairperson by-elections candidate Patrick Banda as he attempted to file his nominations at the nomination centre. The PF has, however, managed to replace Banda with another candidate, Nelson Banda, who has successfully managed to file in his nominations. Confirming the development, Banda’s lawyer Joseph Chirwa said he was not…...
Only two local coaches have applied for the Chipolopolo top job – FAZ
THE Football Association of Zambia (FAZ) says only two local coaches have so far expressed interest in the vacant national team coaching job. Speaking in an interview, Monday, FAZ general secretary Adrian Kashala said there has been a low turnout of applications from the local coaches. Kashala said the FA had continued to receive unsolicited…...
All is set for players to leave for IFH games – HAZ president
HANDBALL Association of Zambia (HAZ) president Victor Banda says all is set for the U-17 and 20 handball teams to defend their International Handball Federations (IHF) titles. The competition kicks off on October 17 and will end on the 28th in Harare, Zimbabwe. The IHF trophy that acts as both qualifiers for the handball Africa…...
Mwepu won’t struggle to find his place in football world – Bilton
COACH Bilton Musonda has tipped Chipolopolo skipper Enock Mwepu to explore the many available options in football after retiring from active football. Speaking in an interview, Wednesday, Musonda said football had diversified and Mwepu still had great opportunities to continue in the sport he loves. He said the player had made himself a name that…...
FIC seeks ways to curb trade based money laundering
THE Financial Intelligence Centre says there is need to constitute a unit which will adequately analyse trade data because Trade Based Money Laundering risks have been identified in Zambia. The FIC report on Trade Based Money Laundering in Zambia has indicated that there were some fraudulent and unauthroised amendments to trade documents, frequent amendments to…...
Chilangwa wonders which one is an insult between fondling and shaving
KAWAMBWA PF member of parliament Nickson Chilangwa yesterday rose on a matter of public importance, wondering which word was an insult between shaving and fondling. Recently, Lumezi independent MP Munir was suspended from the House for 30 days for saying “we all shave our pubic hair here, we are elders”. And on July 29, 2022 Speaker…...
