AG reveals how IBA boss bought company vehicle worth K88,750 at K17,250
THE Auditor General’s report on the accounts of Parastatal Bodies and other statutory institutions for the financial year ended 31st December 2018 has revealed that Independent Broadcasting Authority IBA Director General Josephine Mapoma and IBA director of standards and licensing Eustace Nkandu purchased company cars at residual values. According to the employment contracts of the…...
Zesco targets 4-hour daily load shedding by end of 2020
ZESCO Limited says it is targeting to achieve a zero to four hour load shedding schedule per day by the end of this year following the injection of additional electricity from the Kafue Gorge Lower Hydropower Project. Zesco recently projected a systematic reduction of load shedding using a graduated system called Weather Induced Power Deficit…...
You have failed lamentably, OCIDA tells Lungu
OUR Civic Duty Association (OCIDA) says President Edgar Lungu has lamentably failed to deal with various governance issues like corruption in Zambia. And OCIDA has wondered whether President Lungu’s conscience is allowing him to mutilate the Constitution. Speaking during a press briefing at Kapingila House, Wednesday, OCIDA management committee chairperson Gilbert Temba said President Lungu…...
BoZ launches K2.67bn COVID-19 bond
THE Bank of Zambia (BoZ) is inviting applications for the issue of a COVID-19 bond worth K2.67 billion, whose proceeds are earmarked to be utilized in mitigating the negative impact of the pandemic on economic activities. In a notice issued by the central bank, Tuesday, the general public are invited to submit applications for the…...
Commercial lenders unlikely to cancel debt, insists Saasa
GOVERNMENT must consider restructuring Zambia’s huge debt stock and reduce its appetite for excessive borrowing because commercial lenders do not usually cancel debt, says economist Professor Oliver Saasa. Commenting on President Edgar Lungu’s request to Chinese President Xi Jinping for debt relief and cancellation, Prof Saasa observed that while the development was welcome, the only…...
Unemployment forcing youths to engage in violence – Kabwita
NATIONAL Democratic Congress (NDC) youth chairman Charles Kabwita says the reason why young people, especially members of the ruling party, are violent is because government has not created the jobs which were promised. Reacting to PF deputy secretary general Mumbi Phiri’s remarks that youths who engage in political violence are foolish, Kabwita said it was…...
Lungu should explain his Rwanda links – Changala
GOVERNANCE activist Brebner Changala says President Edgar Lungu must come out in the open and explain his connection to the Rwandese rebel Maj. Nsabimana Sankara Callixte. A News Diggers! investigation revealed that Rwandese national, Nsengiyumva Appolinaire, who was named by that country’s rebel leader Maj. Nsabimana Sankara Callixte in a court testimony as his link…...
It’s hard to stop crowds from gathering around PF officials – Lusambo
LUSAKA Province Minister Bowman Lusambo has vowed that no one will stop him from ensuring that Lusaka residents comply with the public health guidelines following the recent increase of COVID-19 cases. But Lusambo says it is difficult to stop members of the public who gather in large numbers to show solidarity to senior ruling party…...
Jiangxi sells shares in FQM
JIANGXI Copper has sold 1.2 million of its shares in First Quantum Minerals Limited (FQML), less than one year after buying them, because of a reportedly acrimonious relationship with the Canadian miner. According to Mining.com, Jiangxi Copper sold off 1.2 million shares in FQM last week, just eight months after the Chinese company bought its…...
COVID-19 slows road traffic accidents
THE Zambia Police Service has recorded 6,143 road accidents during the second quarter of 2020, down from 7,687 during the same corresponding period last year, triggered by limited traffic movement as a result of the Coronavirus pandemic. In a statement, Wednesday, police spokesperson Esther Katongo disclosed that road traffic accidents this year during the second…...