4 die in RTA involving Likili bus, as govt vows to take action against operator
POLICE in Kabwe have recorded a fatal road traffic accident near Amadous farm along Great North Road in which four people have died while 39 passengers of a Likili bus have sustained injuries. Police have revealed that the accident occurred when a Likili bus service driver was overtaking improperly and collided with an oncoming truck…...
Maamba is seeking our participation in sourcing $300m towards power expansion – Govt
ENERGY Minister Peter Kapala says Maamba Collieries is seeking government’s participation in sourcing $300 million towards the phase two expansion project of its power plant. Speaking when he and Maamba Collieries Limited management met President Hakainde Hichilema at State House, Thursday, Kapala said the company had already completed the technical feasibility study for phase two…....
Govt planning on increasing TAZAMA pipeline capacity by 30% – Kapala
ENERGY Minister Peter Kapala says government is looking at increasing the capacity of the TAZAMA pipeline by at least 30 percent. In an interview, Thursday, Kapala said his ministry was engaging TAZAMA to speed up the procurement process of the Drag Reducing Agent, a chemical required to increase pipeline capacity. He said the current pipeline…...
People pushing for Lungu’s comeback are just after his money – Miles
PF presidential aspirant Miles Sampa says individuals pushing for former president Edgar Lungu’s comeback are selfish people who are only after his money. And PF National Chairman Davies Chama says the party has decided to move its constitution amendment conference to a later date because of the Umutomboko traditional ceremony taking place this weekend. Sources…...
Inflation hits double digits again
THE annual inflation for July 2023 has increased to 10.3 percent from the 9.8 percent recorded in June 2023. And the Zambia Statistics Agency (ZamStats) says retail prices between July 2022 and July 2023 showed that the national average price of a 25kg bag of breakfast mealie meal increased by 39.75 percent, from K161.98 to…...
Trade Kings reaffirms commitment to manufacturing quality products
TRADE Kings Group says it is committed to manufacturing products that are of quality and affordable to all citizens. Speaking after a tour of the Trade Kings Homecare Plant, Thursday, Group Manager for Public Relations and Corporate Affairs Bridget Kambobe said the company has for 27 years through the flagship brand, Boom, confirmed and affirmed…...
Zambia’s Tax System – need for equity and efficiency
Economies across the world depend on resources collected from both direct taxes (personal income tax and Company tax) and indirect taxes (value added tax-VAT, excise and customs duties) to finance government activities. My colleagues in the UPND administration and my fellow Zambians, what you need to know and understand is that we need taxes. We […]
Power signs five players
POWER Dynamos has signed five players ahead of the kick-off of the 2023/2024 MTN Super League season. The club acquired the services of midfielder Cephas Mulombwa, Salulani Phiri, Francis Zulu, Kondwani Chiboni, and defender Gong Bong Lionel. According to the statement issued to the media yesterday, Power Dynamo CEO Gibson Chaloba said the club was…...
ACC charges MoF PS Mukuli for theft of K2m
ACC says it has charged Ministry of Finance and National Planning Permanent Secretary Mukuli Chikuba with multiple offences which include abuse of authority of office, willful failure to follow applicable procedure and theft by public servant involving over K2 million. And the Anti-Corruption Commission says it doesn’t victimise any suspects, adding that most cases relating…...
Govt reveals plans for new Development bank, says DBZ has 98% of none performing loans
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the Development Bank of Zambia had 98 percent of none performing loans at the time the Central Bank took possession of it. And Dr Musokotwane says government plans to establish a new Development Financial Institution, which will be incorporated under the Companies Act to facilitate the…...