Daily Archives: August 12, 2015

AGOA extended for another 10 years

The United States African Growth Opportunity Act (AGOA), which was due to expire on 30th September, 2015 has been extended for 10 years, and will run until September 2025. The Ministry of Commerce, Trade and Industry has since encouraged Zambian exporters to take advantage of the extension. The extension reaffirms the importance of deeper and expanded United States trade ties ...

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Realtime renames to Hai

Government says it expects increased competition among players in telecommunications industry given the rate at which the sector is growing. Transport, Works, Supply and Communication Minister Yamfwa Mukanga says for the fact that competition is the lifeblood of a free market economy; government is also expectant that enhanced competition in the telecommunications sector will lead to improved service delivery and ...

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GLOBAL biotech sees urgent need to find new TB vaccines

Aeras a nonprofit, GLOBAL biotech organisation developing new tuberculosis (TB) vaccines for the world says there is urgent need to find new TB vaccines. Speaking during a media training in Lusaka today, Aeras Director of public affairs for Africa Sibusiso Hlatjwako says the current interventions are not likely to eliminate TB or achieve the set targets by the World Health ...

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LCC counters accusations of failing Millennium Challenge Account

The Lusaka City Council has dismissed reports in some sections of the media suggesting that it has failed to provide the Millennium Challenge Account Zambia with information for the layout of the city’s overflow regarding the multimillion dollar drainages project in Lusaka. Council Assistant Public Relations Manager, Brenda Katongola in a statement says the Council had provided Millennium Challenge Account ...

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RTSA records 188 accidents in last two months

The Road Transport and Safety Agency (RTSA) says it recorded 188 road traffic accidents through its National Call Centre in last two months in which 33 people died. RTSA Public Relations Officer Fredrick Mubanga in a statement says 92 people were injured in the accidents with 61 vehicles damaged. Mr Mubanga says the agency is deeply concerned by the high ...

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Anish Kapoor accuses China of copying ‘bean’ sculpture

The sculpture, which reflects Chicago’s dramatic skyline, is known as The Bean. It featured prominently in Source Code, a 2011 thriller starring Jake Gyllenhaal. “I feel I must take this to the highest level and pursue those responsible in the courts,” Kapoor said. “I hope that the Mayor of Chicago will join me in this action. “The Chinese authorities must ...

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China’s yuan currency falls for a second day

China’s Central Bank has again cut the guiding rate for the national currency, the yuan, a day after Tuesday’s record 1.9% devaluation. The move sent fresh shockwaves through Asian markets, but the bank has sought to calm fears, saying it was not the start of a sustained depreciation. The yuan fell another 1% on Wednesday, marking the biggest two-day lowering ...

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I will not disappoint – Siamunene

Newly appointed Defence Minister Richwell Siamunene says he will not disappoint President Edgar Lungu, but will deliver according his expectations. Mr Siamunene tells QFM News that he has received his appointment with both hands. Mr. Siamunene says he is grateful to God for giving him an opportunity through President Lungu to serve the people of Zambia as Defence Minister, stating ...

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Zambia to face Gabon in friendly

Zambia has secured an international friendly match with Gabon on Tuesday, September 8, two days after playing the 2017 Africa Cup of Nations qualifier against Kenya. Announcing the development to fazfootball.com on Wednesday, Football Association of Zambia Communications Manager Nkweto Tembwe said the match has been scheduled for the National Heroes Stadium in Lusaka. “The Football Association of Zambia remains ...

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Indo Zambia rakes in K73 million profit

Indo Zambia Bank has recorded an operating profit of K73.98 million and a net profit of K46.15 million for the financial year ended 31st December 2014. Speaking during the bank’s 30th annual general meeting cocktail party last evening and presentation of a cheque of K6.77 million as dividend payment to the Zambian government, Indo Bank Board Chairperson Orlean Moyo says ...

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