Introduction of K200, K500 notes indicates inflationary issue – Hambayi
ECONOMIST Trevor Hambayi says the introduction of K200 and K500 notes signals that the country has an inflationary issue. And Hambayi says there will be devaluation of the Kwacha in terms of purchasing power if the new notes do not match the country’s economic growth. Speaking on Diamond TV’s Breakfast Show, Thursday, Hambayi noted that…...
NCZ failed to recall 30 tank cars worth over K25m leased to Zimbabwean company – AG
THE latest Auditor General’s report on parastatal bodies has revealed that Nitrogen Chemicals of Zambia has failed to recall 30 tank cars valued at K25,107,715 that were leased to Sable Chemicals Limited of Zimbabwe. According to the report, on January 10, 2017, NCZ entered into a contract with Sable Chemicals Limited of Zimbabwe to lease…...
We’ve paid all 36 men’s, women’s Super League teams – ZPL
THE Zambian Premier League (ZPL) has fulfilled its financial commitments by paying clubs funds owed to them, ensuring financial stability for teams across the league. In January and February 2025, ZPL completed the second batch of sponsorship funds disbursements to MTN Super League clubs and Eden University Women’s Super League teams, while also settling payments…...
Kabwe resident petitions state over inconsistencies in civil servants’ remuneration
A KABWE resident has petitioned the state in the Constitutional Court seeking a declaration and order that Section 5(1) of the Emoluments Commission Act No.1 of 2022 is unconstitutional, and therefore, null and void to the extent of its inconsistences with the Republican Constitution. Edward Bwalya Phiri also wants Section 5(1) of the Emoluments Commission…...
We need legal reforms to allow suspension of officials facing corruption allegations – COF
CHAPTER One Foundation Executive Director Josiah Kalala says Zambia needs legal reforms to allow the suspension or mandatory leave of elected and appointed officials facing corruption allegations relating to their work. Earlier this month, Livingstone Mayor Constance Nalishebo Muleabai spent over two hours being questioned by the Anti-Corruption Commission (ACC) over alleged corruption and abuse…...
U17, U20 Chipolopolo draw Morocco, Senegal in AFCON groups
THE Zambia Under-17 Men’s National Team has been drawn in Group A of the TotalEnergies U17 Africa Cup of Nations (AFCON) alongside tournament hosts Morocco, as well as Uganda and Tanzania. The draw presents a familiar challenge for the young Chipolopolo, who faced Morocco in the last edition of the competition held in Algeria. That…...
70% of workforce in ARLAC region engaged in informal sector – VEEP
VICE-PRESIDENT Mutale Nalumango has disclosed that over 70 per cent of the workforce in the African Regional Labour Administration Centre (ARLAC) region is engaged in the informal sector, with many workers lacking access to social protection and fair wages among others. And International Labour Organization Assistant Director General and Regional Director, Regional Office for Africa,…...
Speaker in New York for the Inter-Parliamentary Union (IPU) hearing
SPEAKER of the National Assembly Nelly Mutti is in New York participating in the Inter-Parliamentary Union (IPU) Hearing at the United Nations. In a statement, Thursday, First Secretary for Press and Public Relations at Zambia’s Permanent Mission in New York, Namatama Njekwa, said the hearing would address critical issues such as the poor knowledge of…...
So why is HH still IDC board chairman?
IN July 2022, Parliament adopted the Report of the Committee on Parastatal Bodies which recommended, among other things, that the office of the President should be removed from the Industrial Development Corporation (IDC) board. This development followed the Auditor General’s consistent Report on the Accounts of Parastatal Bodies and other Statutory, which has been finding…...
Both old and new money will be in use during 12-month transition period – Musokotwane
MINISTER of Finance and National Planning Dr Situmbeko Musokotwane says a Statutory Instrument (SI) will be issued to guide the withdrawal of the existing currency, with a transition period of 12 months during which both the old and new currency series will circulate side-by-side. And Dr Musokotwane says the use of K500 notes won’t be…...
