Archive | November, 2015

GYZ blasts Constitution Bills critics

  THE people rejecting the adoption of the Constitutional Bills in Parliament are not sincere because they are the same people who are only good at criticizing and not providing solutions, says Gallant Youth in Zambia executive director Henry Mulenga. He said the same group advocating the constitution-making process had several times failed to commit […]

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Chief Hamusonde is UPND?

  CHIEF Hamusonde, the traditional leader who has continued attacking President Edgar Lungu over alleged tribal remarks by Patriotic Front (PF) secretary general Davis Chama, is a true disciple of United Party for National Development (UPND) president Hakainde Hichilema, Paul Moonga and Kelvin Mayondi have charged. Mr Moonga and Mr Mayondi, who are PF mobilization […]

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Actualise austerity measures-Expert

  AUSTERITY measures announced by President Edgar Lungu must be actualized by various stakeholders if the country’s economy is to grow, says a financial expert Joel Lungu. He said those implementing the measures must ensure that they were put into practice to restore the country’s economic growth. Mr Lungu said it was not too late […]

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Kapata is new PF elections chairperson

PATRIOTIC Front (PF) newly appointed chairperson for elections Jean Kapata has warned of stern action against members advocating the holding of a general conference to elect a presidential candidate for the 2016 general elections when the ruling party had already settled on President Edgar Lungu. President Edgar Lungu has appointed Ms Kapata as the new […]

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CETZAM jobs cuts illegal – ZUFIAW

IT is illegal to fire workers without paying them their terminal benefit as CETZAM did because that was not in line with the provisions of the law to lay off over 115 workers, ZUFIAW general secretary Chingati Msiska. He said the union was aware of what was happening at the Financial Service institution but warned […]

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Kwacha maintains its bullish form

THE Kwacha on Thursday posted strong gains against the US dollar following increased dollar supply on Interbank as well as from exporters. This is according to Cavmont Bank Zambia daily market report which stated that the local unit opened at K11.520 / K11.540 and by noon was seen trading at K10.980 / K11.000 while demand […]

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Sinazongwe receives top dressing fertilizer

  FARMERS in Sinazongwe have started depositing money for their inputs and some have already started collecting top dressing fertilizers, Sinazongwe district commissioner Protancial Mulenga has revealed. Mr Mulenga said farmers who were in clubs and groups had already started receiving their inputs and he has urged farmers to form clubs if they were to […]

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High bank interest limits borrowing-EAZ

COMMERCIAL banks’ investments will go down due to fewer people borrowing from financial institutions because of the high interest rates, Economics Association of Zambia (EAZ) president Chrispin Mphuka has said. Dr Mphuka said in an interview that it was obvious that it would become more difficult for people to borrow from banks due to high […]

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Stanbic to introduce 24hour internet banking services

STANBIC Bank is in the process of  launching a 24hr self service internet banking  for its custmers, says marketing manager Chavunga Lungu. Mr Lungu said the innovation would provide an easy online internet banking service to its customers. He said the project  would see the setting up of 24hr self service kiosks for customers and […]

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US$1bn Chinese investment pledge starts pouring into Lusaka

MORE than eight of the 20 Chinese manufacturing companies that pledged to set up shops in Lusaka have already started construction works at the 125-acre One Belt Industry Park on Mungwi Road. The Chinese delegation of 20 top executives which visited Zambia a few weeks ago pledged an investment of US$ 1 billion. A check […]

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