Archive | July, 2015

PF ponders firing spies

  THE Patriotic Front (PF) Government has started screening sensitive State installations and institutions to purge saboteurs undermining President Edgar Lungu and the governance of the country, secretary general Davis Chama has said. Mr Chama said saboteurs were not only enemies of the people but are a danger to the State and the governance of […]

Read the full story

Posted in Home NewsComments Off on PF ponders firing spies

I’m ready for prison – Masebo

  I AM ready to go to prison because prisons are meant for human beings, Chongwe member of Parliament Sylvia Masebo has said. Speaking when she addressed journalists after her case in which she is charged with abuse of authority of office failed to take off Ms Masebo said she served the Government diligently and […]

Read the full story

Posted in Home News1 Comment

HH CONFIDENT OF 2016 VICTORY

‘‘VINTHU vachinja kuno ku Kasama (things have changed) here in Kasamaand the entire Northen Province has realised that the United Party for National Development (UPND) is the solution to the economic and governance challenges Zambia is going through, Hakainde Hichilema has claimed. And UPND vice president Geoffrey Bwalya Mwamba says the Patriotic Front (PF) should […]

Read the full story

Posted in Home News2 Comments

Sabotaged Indeni limps

Sabotaged Indeni Refinery is limping. It is now only producing diesel after its partial shutdown, as investigations into the contaminated feedstock intensify. But feed stock suppliers Gunvor Group of Cyprus have denied ever supplying Zambia with contaminated oil. Responding to a Press query  from the Daily Nation, Gunvor corporate affairs director Seth Thomas Pietras  said […]

Read the full story

Posted in Home NewsComments Off on Sabotaged Indeni limps

New tobacco firm invests US$8m in local cigarette production

A NEWLY opened tobacco company,  Roland Tobacco,  has invested US$ 8 million for the local production of cigarettes, says division  general manager Aliport Ngoma. Mr Ngoma said apart from that, the company has set aside $20 million for the expansion of the primary tobacco processing plant that would be set up in the Lusaka South […]

Read the full story

Posted in Home NewsComments Off on New tobacco firm invests US$8m in local cigarette production

4 new hydro power plants coming on stream soon – ZDA

4 new hydro power plants  PLANS are underway by Zambia to establish four hydro electric power stations to generate about 450MW to help lessen current  load shedding levels, says Zambia Development Agency (ZDA) director general Patrick Chisanga. Mr Chisanga said the four projects  were expected to be operational by the end of this year  and […]

Read the full story

Posted in Home NewsComments Off on 4 new hydro power plants coming on stream soon – ZDA

Copper price picks up at international markets

AFTER a long period of low copper prices on international markets, the red metal has suddenly started to register an upswing and yesterday posted a rise of $63.50 to mark a new price of US$5,247 a tonne. The latest Cavmont Bank Zambia daily market report shows that price of the red metal together with other […]

Read the full story

Posted in Home NewsComments Off on Copper price picks up at international markets

Zambia investor A-ADB

 The Africa Development Bank (ADB) has described Zambia as a destination of choice for investors due to its sound and professional approach to economic policies that it presents around the continent. ADB Vice-president Cecilia Akintomide has observed that the conducive investment atmosphere in the country provides an opportunity for Zambia to lure investors into the […]

Read the full story

Posted in Home NewsComments Off on Zambia investor A-ADB

Crop marketing

It is wrong that the issue of the maize floor price has now been politicised. The Food Reserve cannot be expected to start buying maize when the moisture content is above 12.5 percent, as doing so would introduce the problem of mycotoxins including fusarium which is dangerous for human consumption. At the same time it […]

Read the full story

Posted in EditorialComments Off on Crop marketing

Prof Saasa warns Govt on Eurobond

THE Government must utilize the new US$1.25 billion Eurobond in the most productive and effective manner possible because it is the most expensive bond any African country has ever acquired, economist Professor Oliver Saasa has advised. Professor Saasa said in an interview that the new Eurobond was the most expensive ever borrowed in Africa because […]

Read the full story

Posted in Home NewsComments Off on Prof Saasa warns Govt on Eurobond

Archives