Daily Archives: January 30, 2016

ADD predicts depletion of govt treasury by April

The opposition Alliance for Democracy and Development (ADD) has projected that Zambia’s treasury coffers are likely to be depleted as early as end of March or beginning of April this year. ADD president Charles Milupi says his party foresees a lot stress on this year’s K53.1 billion national budget owing the expected expenditures by government. Mr. Milupi has referred to ...

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Man Utd ease to cup win at Derby

Manchester United relieved the pressure on manager Louis van Gaal by beating Derby in the FA Cup fourth round. Van Gaal dismissed claims he offered to resign after losing to Southampton on Saturday, and his team were more positive against the Championship side. Wayne Rooney curled in from 20 yards to put United ahead before George Thorne cut through their ...

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Malaysia fund ‘may be missing $4bn’

About $4bn (£2.8bn) may have been stolen from a fund owned by the Malaysian state, a prosecutor says. The 1MDB fund was set up in 2009 to pay for major new economic and social developments in Malaysia. Last year, Swiss authorities opened an investigation into 1MDB after it amassed more than $11bn (£7bn) of debt. Switzerland’s attorney general said on ...

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Bowie leaves $100m fortune to family

Rock star David Bowie left an estate valued at about $100m (£70m), according to his will which has been filed in New York. Half will go to his widow, Iman, along with the home they shared in New York. The rest is shared between his son and daughter. It was also revealed that Bowie had requested that his ashes be ...

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Govt lacks political will to lift economy from crisis -Nkhoma

Economist Noel Nkhoma has observed a lack of political will by the government to lift the country’s economy from its current position. Mr. Nkhoma has also noted that government’s continued borrowing has contributed greatly to what he has described as an economic crisis the country is facing. He says he has not seen any tangible steps and actions taken by ...

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ISCZ spells doom on political party alliances

The Islamic Supreme Council of Zambia (ISCZ) has charged that some political party alliances that will be formed ahead of August 11th are bound to fail because some politicians are not sincere with others. ISCZ President Suzyo Zimba says all political party leaders would want to form alliances with other parties in order to get into power, and later forget ...

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Referendum alongside August 11th polls will be overload on ECZ – FODEP

The Foundation for Democratic Process (FODEP) has observed that the holding of the constitution referendum together with four elections will be tedious and an overload on the Electoral Commission of Zambia (ECZ). FODEP Executive Director MacDonald Chipenzi says his organization would have loved to see the referendum being held later to allow the Electoral Commission of Zambia concentrate on conducting ...

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FDD calls for concerted efforts among opposition parties

The opposition Forum for Democracy and Development (FDD) has called for concerted efforts from opposition political parties in ensuring that the August 2016 elections are peaceful. FDD Spokesperson Antonio Mwanza says the PF has already demonstrated that they are not willing to create a conducive environment for peace elections. Mr. Mwanza says the onus is therefore on the opposition leaders ...

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