NAPSA must switch to more equities – Former DG
FORMER NAPSA Director General, Aubrey Chibumba, has advised the pension fund to switch to investing more in equities in order to increase its portfolio. Recently, NAPSA Director General, Muyangwa Muyangwa, disclosed that the authority had decided to hire an investment advisor as it sought to increase its portfolio. Commenting on the decision in an interview,…...
Agriculture export earnings dropped by 23% in June – ZamStats
ZAMSTATS has disclosed that export earnings from agricultural products decreased by 23 percent to K1.6 billion in June 2024 from K2.1 billion in May 2024. ZamStats Statistician General, Goodson Sinyenga, has also revealed that Switzerland was Zambia’s major export destination in June 2024, which accounted for 47.4 percent of the total export earnings. In a…...
Some govt institutions didn’t want their debt restructured – Nkulukusa
SECRETARY to the Treasury, Felix Nkulukusa, says some institutions resisted government efforts to have their debt restructured. And Nkulukusa says some suppliers were willing to reconcile their debt and cut loans owed by government institutions, but some government officers were against the cancellation of those contracts. The Auditor General’s report on Zambia’s external debt stock…...
Govt’s failure to disburse 3rd quarter grants disturbing – NAQEZ
THE National Action for Quality Education in Zambia (NAQEZ) says it is disturbed by government’s neglect to send free education grants to schools for the third quarter of the year. NAQEZ Executive Director, Aaron Chansa, says if government fails to commit to funding schools, it will be impossible to sustain the free education policy. In…...
KCM deteriorated beyond measure, a lot of work needed to rebuild it – Kabuswe
MINES Minister Paul Kabuswe has described the removal of Konkola Copper Mines (KCM) from provisional liquidation as an exciting time for the country. However, he says the asset has deteriorated beyond measure during the liquidation period, and a lot of work will be needed to rebuild it so that it can significantly contribute to the…...
We name suspects in reports sent to LEAs – FIC
THE Financial Intelligence Centre (FIC) has clarified that it doesn’t name individuals in the Trends Report circulated to the public because such information is contained in the intelligence report sent to law enforcement agencies. The Centre adds that it would be inappropriate and illegal to name suspects in the Trends Report when they haven’t been…...
We’re with you for a while – UPND
WHO will we lose to even if we held an election today, questions UPND National Youth Chairperson Gilbert Liswaniso. Speaking on Diamond TV, Friday, Liswaniso said people must get used to the UPND because the party will govern for a while. He added that it was not expected for President Hakainde Hichilema to rule for…...
PF did what it could to create a secure environment – Kampyongo
FORMER Home Affairs minister Stephen Kampyongo says the police should form a squad to deal with abductions. He wonders why there are unresolved abduction cases when the previous government invested in surveillance equipment. Speaking at a media briefing, Friday, Kampyongo said the PF invested in equipment to create a secure environment in some cities in…...
ZAM urges ZRA to prioritise compliant businesses for VAT refunds
ZAMBIA Association of Manufacturers (ZAM) president Ashu Sagar has lamented that sector players are still finding it difficult to obtain VAT refunds. And Zambia Chamber of Mines Chief Executive Officer Sokwani Chilembo has called on government to introduce a waiver on imported power targeting productive sectors. Speaking during the 2024 Mid-Year Budget Economic Review, Sagar…...
Barbra dominates in heartbreaking defeat to Matildas
COPPER Queens captain Barbra Banda has become the first player in the history of the Olympic Games to score three hattricks as Zambia gave up a comfortable lead to lose 6-5 to Australia in a thrilling Group B fixture played last night at the Stade de Nice in France. After becoming the first footballer male…...
