News Diggers! ePaper Edition 1612 Monday November 27, 2023
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SRR adjustment an effective way to mop-up excess liquidity – Nkhoma
ECONOMIST Noel Nkhoma says the Zambian market has become highly speculative due to the depreciating Kwacha. Last week, the Bank of Zambia announced that it had raised the Statutory Reserve Ratio (SRR) to 17 percent, barely three weeks after it was adjusted to 14.5 percent. In an interview, Nkhoma said the vulnerability in the local…...
Nkandu hails Teulings for supporting Zambian athletes
SPORTS Minister Elvis Nkandu has hailed the support Coen Teulings continues to render to the OYDC-Zambia to nurture talent for various national teams. Over 140 sports personalities at the weekend received various sports accolades following their outstanding performances in the 2023 Teulings Youth Sports Challenge grand finale that was hosted at the OYDC- Zambia. Speaking…...
Wards scheduled for polls this Friday are peaceful – ECZ
ELECTORAL Commission of Zambia Chief Electoral Officer Brown Kasaro says the Commission has observed a peaceful environment in the three wards which are scheduled to hold by-elections on December 1, 2023. The commission will this Friday conduct Council by-elections for Kabuta Ward of Nchelenge Town Council in Luapula Province, Mwembeshi Ward of Nsama Town Council…...
We’re still engaging legal experts on whether Lungu got benefits by false pretence – Mweetwa
CHIEF Government Spokesperson Cornelius Mweetwa says government is awaiting guidance from legal experts on whether former president Edgar Lungu was receiving his retirement benefits when he had not retired from active politics. And Mweetwa says citizens should be at their best social conduct as Zambia hosts the third International Conference on Public Health in Africa,…...
ACC nabs Kalomo District Council director for corruption
THE Anti-Corruption Commission (ACC) in Chirundu has arrested Mathews Mashapi, Director of Works at Kalomo District Council for corruption involving £41,350 and a Toyota Hilux. In a statement, Saturday, ACC Head of Corporate Communication Timothy Moono stated that Mashapi allegedly received a Toyota Hilux as a reward in order to facilitate payment of £41,350 to…...
Miner dies after rock fall accident at Kansanshi
AN employee of Kansanshi Mining’s contractor, Reliant Drilling, has died after a rock fall incident which occurred on Thursday at the mining company’s underground dewatering decline portal. According to a statement issued by Kansanshi Mining’s Corporate Affairs Department, Saturday, Stephen Musukwa was evacuated to South Africa for treatment, where he died from his injuries. “On…...
Kitwe couple found dead
A COUPLE of Kitwe’s Buchi township has been found dead inside their house in a suspected murder and suicide case. Abigail Malama, 27, is suspected to have been murdered by her husband, Kizito Bright, aged 29 who also took his life. A check at the scene found bodies of the two lying on the floor…...
KCM owes Zesco $500m, reveals Mapani
ZESCO Managing Director Victor Mapani has revealed that Konkola Copper Mines (KCM) owes the utility company $500 million. And Mapani says there are no risks of the country experiencing load shedding because Zesco has put in place some mitigation measures like the importation of power from Mozambique. Meanwhile, Mapani says Zesco would be forced to…...
Daka makes EA Sports Team of the Week
PATSON Daka’s performances in the Chipolopolo’s World Cup qualifiers against Congo Brazzaville and Niger have earned him a place in the EA Sports Team of the week. EA Sports is a division of Electronic Arts that develops and publishes sports video games such as FIFA 24. Daka scored three goals over the course of the…...