Monthly Archives: August 2015

ZFE urges ZESCO to adhere to load shedding timetable

The Zambia Federation of Employers (ZFE) has appealed to ZESCO to adhere to its load shedding timetable to help companies plan well. ZFE Executive Director Harrington Chibanda says this will allow employers to plan their production processes which will tally with the periods when they have power supply so that employees can only come for work when there is power. ...

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Zambia nowhere near debt trap – Yamba

Secretary to the treasury Fredson Yamba says the country is not falling into a debt trap contrary to suggestions by some stakeholders. Mr. Yamba says the country can only fall into a debt trap when its debt is equal to its GDP, which is not the case because the country is away from that mark. He points out that the ...

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Pedro Barca’s hero in nine-goal classic

Barcelona added the Uefa Super Cup to their treble win of trophies last season despite blowing a 4-1 lead with a stunning 5-4 win over Sevilla thanks to Pedro Rodriguez’s extra time winner. Two magnificent free-kicks from Lionel Messi plus goals from Rafinha and Luis Suarez looked to have Barca well on course to claim their fourth trophy of the ...

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Buffaloes feeling bullish after beating Forest

Green Buffaloes believe things are looking up for them after picking up their second straight victory in the Faz Super League. Buffaloes stayed sixth on Saturday after a 1-0 home win over promoted Forest Rangers at Woodlands Stadium in Lusaka. The victory came a week after Buffaloes stunned second placed Power Dynamos 1-0 on August 2 away at Arthur Davies ...

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Bungee death in Spain: Dutch teenager in latest tragedy

A Dutch teenage girl has been killed while bungee jumping from a viaduct near Santander in northern Spain. The 17-year-old fell some 40m (130ft) into a dry riverbed below. The teenager had been in a group from the Netherlands and Belgium staying at a nearby surf camp. Last month, British tourist Kleyo De Abreu died in a bungee jump off ...

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Siamunene is Defence Minister

Republican President Edgar Lungu has with immediate effect appointed UPND Sinazongwe Member of Parliament Richwell Siamunene as Defence Minister. Mr Siamunene was until his elevation transport,works,supply and communication deputy Minister. President Lungu has been holding the position of Defence Minister from the time of late President Michael Sata’s administration, the position he retained following his election as President. And President ...

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BoZ predicts beyond target end year inflation

The Bank of Zambia has maintained the benchmark lending rate at 12.5 percent, saying it predicted inflation would breach the regulator’s target by the end of the year. Central Bank Governor Denny Kalyalya has told a media briefing in Lusaka this morning that inflation is projected to be slightly above the end year target of 7.0 percent in the third ...

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Japan restarts first nuclear power plant since Fukushima

Japan has restarted its first nuclear reactor under new safety rules following the 2011 Fukushima disaster. All Japan’s nuclear plants were gradually shut down after a series of meltdowns at the Fukushima plant sparked by the tsunami and earthquake. But after passing stringent new safety tests, Kyushu Electric Power restarted the number one reactor at its Sendai plant on Tuesday ...

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Toure double propels City to victory

Yaya Toure’s first-half double provided a timely reminder of his enduring class as Manchester City began their Premier League campaign with a slick 3-0 victory at West Bromwich Albion on Monday. The Ivorian, linked with a move away from the Etihad in the close season after some inconsistent displays, gave the former champions a ninth minute lead following a fortuitous ...

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