FINANCE Minister Alexander Chikwanda has unveiled a K46.7 billion 2015 national budget or 24.6 percent of GDP. Presenting the budget to Parliament this afternoon, Mr Chikwanda says budget will be financed from domestic revenues of K35.1 billion which is 75.2 percent of the total budget and 18.5 percent of GDP, with grants from cooperating partners of K1.2 billion or 2.6 ...

Vice President Guy Scott has maintained that former President Rupiah Banda cannot be re-elected President even on the basis of him promising to enact a new constitution. Mr. Banda, who is Zambia’s fourth and immediate past President, has been quoted by the French news agency AFP as saying that enacting a new constitution would be his top priority if he ...

Former Zambia Air Force Commander Lieutenant General Andrew Sakala has been sentenced to 5 years imprisonment with hard labour by a Lusaka Magistrate Court for theft by public servant involving K1.5 million. Deputy Director of Local Courts sitting as Magistrate Wilfred Muma on Monday, October 6 found General Sakala guilty of theft by public servant involving funds meant for operations ...

Former Finance Minister Katele Kalumba says talk on how much the country needs to tax the mining sector has now become a sterile and worked-out debate. Dr. Kalumba says the debate of how much the country’s mines need to be taxed or not taxed is now wasting time for the country to develop. Dr Kalumba has told Qfm News by ...

Government has been advised not to wait until a calamity befalls the country for it to give an ear to the concerns being raised by governance stakeholders. Operation Young Vote (OYV) Executive Director Guess Nyirenda says his organization is particularly disappointed that government had to open its eyes with regards the irregularities surrounding the issuance of bursaries at the University ...

Zambia Youth Association in the Fight Against Corruption (ZYAFAC) has appealed to the Anti Corruption Commission (ACC) to consider instituting fresh investigations against Sports Minister Chishimba Kambwili and Pambashe Member of Parliament Ronald Chitotela who have been cleared of corruption on the basis of lack of sufficient evidence and unsubstantiated allegations. ZYAFAC Executive Director Rickson Kanema has told Qfm news ...

Government has appealed for patience from motorists using Chilumbulu and Burma roads in Lusaka which are being worked on with the view of expanding them. Transport, works, supply and communications deputy Minister Panji Kaunda has told Qfm news in an interview that his ministry is working around the clock to ensure that the contractor works within the agreed period of ...

Finance Minister Alexander Chikwanda today comes under the spot light from stakeholders across all sectors as he unveils the 2015 national budget. For many economic players they will be expecting the minister to give some tax relief in the 2015 budget, while for most workers focus will be on the Pay As You Earn (PAYE) threshold which they hope will ...