Govt spent K5.5b on debt in May
THE Ministry of Finance and National Planning released K15.8 billion to finance public service delivery of which K5.5 billion went to debt servicing. In a statement released by the Ministry of Finance, K2.8 billion went to domestic debt, K2.6 went to external debt while K80.7 million towards dismantling arrears to various suppliers of goods &…...
Kwacha will continue to appreciate – Haabazoka
ECONOMIST Dr Lubinda Haabazoka says the Kwacha will continue to appreciate up to December. Dr Haabazoka says the appreciation of the Kwacha can be attributed to the tax period. Commenting in an interview recently, Dr Haabazoka said that around June companies are required to pay their annual income taxes, thereby bringing back the money that…...
Choma police nab man for defiling 11-yr-old
POLICE in Choma have arrested a 32-year-old man for allegedly defiling an 11-year-old girl he is suspected to have spent a night with. Southern Province Police Commissioner Auxensio Daka said the girl left home around 16:00 hours on June 4 and only returned the following morning at 05:30 hours, without informing her parents where she…...
GDP growth must translate into tangible benefits for citizens – ZACA
THE Zambia Consumer Association (ZACA) says former Bloomberg Editor-in-Chief and co-founder Mathew Winkler’s presentation on Zambia’s macroeconomic growth is commendable and reflects progress in sectors such as mining, energy and agriculture. However, ZACA Executive Secretary Juba Sakala says GDP growth alone does not automatically translate into reduced prices of essential commodities for the average citizen…....
Govt has financing strategy to sustain progress made under IMF programme – Nkulukusa
SECRETARY to the Treasury Felix Nkulukusa says government has a financing strategy that will sustain Zambia’s economy post the IMF’s Extended Credit Facility (ECF), which will be concluded in October. On Friday, the Civil Society for Poverty Reduction (CSPR) released a statement calling on government to outline a clear domestic financing strategy and implement reforms…...
Lungu to be interred on Monday, as HH extends national mourning
FORMER president Edgar Lungu’s family has revealed that his body will arrive in the country from South Africa on Wednesday, and will lie in state at the funeral house in Lusaka’s Chifwema area. And Secretary to the Cabinet Patrick Kangwa has revealed that the former president will be buried on Monday, June 23. Kangwa has…...
Allow ex-convicts to access CEEC loans, CSO tips govt
THE Prisoners Reintegration Empowerment Organization (PREO) has called on government to put in place modalities that will allow former inmates to benefit from Citizen Economic Empowerment Commission loans. PREO Executive Director Derrick Malumo says former inmates have entrepreneurship skills acquired from professional centres. In an interview, Malumo urged government to introduce a policy that would…...
KCM confirms unauthorised mining at its Nchanga open pit
KONKOLA Copper Mines (KCM) has confirmed a disturbing increase in unauthorised mining operations within Block ‘A’ of the Nchanga Open Pit in Chingola. KCM Chief Corporate Affairs Officer John Kunda says these activities are taking place directly above the Nchanga Underground Mine (NUG) and within areas covered by KCM’s valid mining and surface rights. Responding…...
Sishuwa commends govt, Lungu’s family for reaching agreement
HISTORIAN Dr Sishuwa Sishuwa has commended President Hakainde Hichilema and the family of former president Edgar Lungu for resolving the outstanding differences on the repatriation of his body from South Africa to Zambia. In a statement shared on X, Sunday, Dr Sishuwa said his prayer was that all parties in the matter would hold to…...
Warriors part ways with coach
MTN Super League side Kabwe Warriors has parted ways with head coach Albert Kachinga following the expiry of his contract. In a press statement issued on Sunday, the club confirmed that it would not be renewing the coach’s short-term deal after what it described as a period of performance evaluation and internal consultations. “Kabwe Warriors…...