Government has been reminded to invest borrowed funds accrued from the latest issued Eurobond in areas that will deliver returns if repayment obligations are to be met. UPND president Hakainde Hichilema has advised government to realize that such loans are only sustainable if and when they are invested wisely and not merely used to cover general expenditures. Mr. Hichilema finds ...

Chairperson on the Expanded Parliamentary Committee on Estimates Highvie Hamududu says it is unthinkable with the current state of governance that government can run a mine. Mr. Hamududu has observed that there is enough evidence to show that the current levels of adherence to governance in Zambia are presently quite low. He notes that this is evidenced by how parastatals ...

Kalulushi Mayor Bernard Mumba says the local authority has earmarked the development of a new central business district. Bishop Mumba says the council has entered into an agreement with Chibuluma mine which owns a bigger piece of land in Kalulushi to give part of it to the council for the earmarked development of a new business district. He says for ...

The Bank of Zambia (BOZ) is concerned that some business houses are pricing their goods and services in US dollars. BOZ Governor Denny Kalyalya says if the dollar becomes the medium of transaction, then their existence as institution becomes questionable. Dr. Kalyalya says those pricing their goods and services are working against efforts to stabilize the economy. He adds that ...

Government has been reminded of the importance of making public the cost of the current constitution making process to the treasury. The Grand Coalition on the Campaign for the People Driven Constitution says government should tell the nation how much has been spent on the constitutional making process so far with the view of avoiding speculations, suspicions and being blamed ...

Political Analyst Alex Ngo’ma says while political parties are declaring victory ahead of the 2016 elections, the Zambian people are the ones with the final say. Dr. Ng’oma says it is important that both the ruling party and the opposition realize that Zambians have the final decision even as they predict their victories in the 2016 elections. He adds that ...

The Southern African Center for the Constructive Resolution of Disputes (SACCORD) has questioned the genuineness of the meetings President Edgar Lungu held on the Copperbelt with mining companies. SACCORD says it does not understand why President Lungu can possibly start entertaining the idea of repossessing Mopani Copper Mines (MCM) a day after meeting mine owners if there was genuine dialogue. ...