It’s illegal report suspicious transactions to any other agency apart from FIC, Tembo tells reporting entities
FINANCIAL Intelligence Centre (FIC) acting director general Liya Tembo says reporting entities are only obliged to submit suspicious transaction reports to the centre, and not any other agency as doing so would be illegal. And Tembo says Zambia risks losing its current level of compliance should multiple agencies begin to receive Suspicious Transaction Reports (STRs)…...
New dawn caderism
Numba refuses to blame Otieno for Zesco’s elimination
ZESCO United’s dreams of advancing to the CAF Confederations Cup Group stage came to a grinding halt after the Zambians failed to get past Royal AM of South Africa with coach Mumamba Numba taking responsibility for the team’s failures. The Zambian Super League giants were held to a 1-1 home draw by a South African…...
FAZ disciplinary committee reviews Chambishi – Arrows fracas
THE Football Association of Zambia (FAZ) has expressed disappointment with the behaviour of hooliganism witnessed during the MTN Super League fixture involving Chambishi and defending Champions Red Arrows. FAZ general secretary Adrian Kashala said the association has initiated disciplinary proceedings against all those involved in the fracas. Two late goals by Red Arrows caused a…...
We’ve spent K6m to contain cattle disease outbreak – Govt
GOVERNMENT says it has contained the Contagious Bovine Pleuropneumonia (CBPP) which was recorded in Chisamba and Chibombo districts, affecting cattle. Government, however, says the ban on the movement of live cattle from the affected districts remains in force until the last of the diseased animals are slaughtered. In an interview, Ministry of Fisheries and Livestock…...
Corruption will be there even under UPND’s watch, Mwila reacts to AG report
FORMER PF Secretary General Davies Mwila says financial irregularities will be there even under UPND, but what he expects is that government will be on top of things to ensure that culprits are punished. Commenting on the latest Auditor General’s report on the accounts for the Financial Year ended 31st December 2021, Mwila said if…...
Govt recovers over K30m from youth empowerment programmes
YOUTH, Sports and Arts Minister Elvis Nkandu has disclosed that over K30 million has been recovered from various youth empowerment programmes since September 2021. In an interview, Nkandu explained that of the K30 million, about K26 million came from the tankers’ empowerment programme, while K3.2 million was from the general empowerment programme, which also involves…...
Investigations into NHEF’s Riverdale scandal have reached advanced stage – DEC
THE Drug Enforcement Commission (DEC) says investigations into the National Housing Empowerment Fund (NHEF) Riverdale land scandal have reached an advanced stage. In early 2020, over 2,000 people rushed to secure land in NHEF’s Riverdale City Estate, which the company advertised to be only 17 kilometres from Crossroads Mall. The clients secured various sized portions…...
Zanaco aims to boost Micro Small and Medium Scale Enterprises with $50m facility
ZANACO Bank has signed a $50 million facility with the British International Investment aimed at boosting the growth of Micro Small and Medium Scale Enterprises (MSMEs) in the country. ZANACO Chief Executive Officer Mukwandi Chibesakunda says the facility will form a foundation for the growth of MSMEs in Zambia. In a statement, Saturday, ZANACO head…...
We’re not quarrelling with Phiri’s appointment, but my client was gagged, laments Siyunyi’s lawyer
FORMER Director of Public Prosecution Lillian Siyunyi’s lawyer Abraham Mwansa State Counsel says while his client isn’t quarrelling with her replacement with ACC Director General Gilbert Phiri, she was unconstitutionally removed from office. On Friday, President Hakainde Hichilema fired Siyunyi and replaced her with Phiri. But in an interview, Mwansa lamented that the process leading…...