ZA will back incumbent CAA president – Mpondela
ZAMBIA Athletics (ZA) president Elias Mpondela has pledged to back incumbent Confederation of African Athletics (CAA) president Hamad Kalkaba Malboum to reclaim his seat in the Elective Annual General Meeting (AGM) that takes shape today at the Mulungushi Conference Centre. And Mpondela says more than 700 athletes have already arrived in Ndola in readiness for…...
Capital Market total savings for 2023 Q1 grew by 3.04% – SEC
THE Securities and Exchange Commission (SEC) has disclosed that the total savings in the Capital Market for the first quarter of this year increased by 3.04 percent. SEC Chief Executive Officer Philip Chitalu says during the period under review, corporate bond maturities amounted to K53.9 million, which was largely made up of a K50 million…...
Musokotwane, Milupi didn’t receive any money from AVIC – ACC
ANTI-CORRUPTION Commission Director General Tom Shamakamba says neither Finance Minister Situmbeko Musokotwane nor Infrastructure and Urban Development Minister Charles Milupi has received money from AVIC as purported by Lumezi Independent member of parliament Munir Zulu. And Shamakamba has insisted that the commission is investigating some senior government officials. Speaking to journalists after opening a workshop…...
Senegal win impresses Bakala
UNDER-17 coach Ian Bakala says the Senegal friendly has given his lads an idea of what to expect in their Group B opening fixture against Nigeria on Sunday in the 2023 Algeria Africa Cup of Nations (AFCON). A Jonathan Chilimina first half hattrick and a Marcel Zimba goal was enough for the junior Chipolopolo to…...
A ‘methodical’ President, bickering advisors and a blocked economy
AFTER the Zambia-America business engagement launch earlier this month, President Hakainde Hichilema acknowledged efforts by Promote Zambia and PricewaterhouseCoopers in showcasing Zambia as a prime investment destination. The President went further to tweet: “We’re in a hurry to drive economic growth. 2023 is dedicated to unlocking domestic rigidities, to help businesses not only survive but…...
We’ve paid out K237m to over 6,000 claimants – NAPSA
THE National Pensions Scheme Authority (NAPSA) says as of yesterday, it had paid out K237.4 million to 6,177 people under the partial withdrawal facility. In an interview, Tuesday, NAPSA head-corporate affairs Cephas Sinyangwe said the authority will be posting the updated figures and all important information online. “We will be posting the numbers and figures…...
Even if one blows up NAPSA benefits, money will remain in our economy – Muntengwa
LABOUR Commissioner Givens Muntengwa says even if some beneficiaries decide to blow up their partial withdrawals in places like hotels, the money will still remain in the economy. Last week, former labour minister Joyce Simukoko criticised the government’s decision to allow partial access to pension benefits, saying it will create a lot of destitute old…...
C/Belt man steals fridge, other items from UCZ
Police in Chambishi have arrested a 21-year-old man of Zambia Compound, for stealing a fridge, a fan and other items all valued at K6,956, belonging to the United Church of Zambia (U.C.Z) St Peter congregation. According to a statement issued by Copperbelt Police Commissioner Peacewell Mweemba, Tuesday, the incident occurred between April 23 at 18:00…...
It’s laziness for HH to fire IDC board members through his advisor – Brebner
Special Assistant to the President for Projects, Implementation and Monitoring Dr Lawrence Mwananyanda has written to IDC Non-Executive Directors Arthur Ndlovu and Nitesh Patel, informing them that President Hakainde Hichilema has dismissed them from their positions. Dr Mwananyanda, however, said President Hichilema had since appointed Ndlovu as ZSIC General Insurance Ltd Board Chairman and Patel…...
We’re happy with ERB’s decision – Zesco
ZESCO Limited Board Chairperson Vickson Ncube says the utility company will not complain about ERB’s decision with regards to the proposed hike in electricity tariffs. The Energy Regulation Board recently rejected Zesco’s proposal to reduce the lifeline units from 100kWh to 75kWh for residential customers. The board has since directed the utility company to maintain…...