Daily Archives: March 30, 2017

Zanaco’s revenue increased in 2016

Zambia National Commercial Bank

Zambia National Commercial Bank (ZANACO) has disclosed that its total revenue increased from about one million kwacha in 2015 to one point two million kwacha in 2016. ZANACO Chief Executive Officer, Henk Mulder, however, said the bank’s Profit after Tax significantly declined from K118 million in 2015 to K30 million in 2016. Speaking during a media briefing today, Mr. Mulder ...

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Police in Sinazeze arrest three dangerous criminals

Bonny Kapeso

Police in Sinazeze have arrested three most wanted dangerous criminals for various serious offences reported in the area after being on the loose for a long time. Southern Province Police Commissioner Bonny Kapeso says Boniface Mulongo, 39, Maybin Siakainya,45 and another person only identified as Cosmas, all of Sinazongwe District, were nabbed in connection with the recent attempted murder of a named ...

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Lungu commits to address housing deficit in security wings

President Edgar Lungu

President Edgar Lungu has assured security wings of his commitment to addressing the accommodation challenges they are facing. The Commander-IN-Chief of the Armed Forces made the assurance when he launched the construction of 2, 000 housing units for Zambia National Service (ZNS) officers at ZNS Chamba Valley which will be constructed in all the service cantonments across the country at ...

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WWE legend Goldberg: ‘I’m absolutely miserable’

U.S. wrestler and actor Bill Goldberg

It’s not easy being Bill Goldberg. The 50-year-old wrestler, who made a comeback in November 2016, said training at his age has taken a toll. “I’ll be honest, I’m miserable. I’m absolutely miserable,” Goldberg revealed on a WWE-star-hosted podcast last week. “Nobody get me wrong when I say I’ve been miserable throughout this, but I am. I’m miserable. I’m bloated ...

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Trump-Russia ties: Senate pledges thorough inquiry

Mark Warner (L) and Richard Burr will try to avoid the acrimony of the House panel

The Republican and Democrat leaders of a Senate panel investigating alleged Russian interference in the US election have vowed a thorough inquiry. The pledge comes as a similar inquiry in the House remains mired in acrimony. The Senate hearing began on Thursday. Jared Kushner, President Donald Trump’s son-in-law, is set to appear next week. In the hearing’s opening remarks chairman ...

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Brexit: UK sets out plans to replace all EU laws

Brexit Secretary David Davis

Thousands of EU laws on everything from workers’ rights to the environment are to be transferred into UK law as the country gears up for Brexit. Brexit Secretary David Davis said the Great Repeal Bill would allow the UK Parliament and Welsh, Scottish and Northern Ireland administrations to scrap, amend and improve laws. It would also end the jurisdiction of ...

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Zambia under-20 hand Honduras a 4-1 bashing

The Zambia under-20 national soccer team recovered in style from their 4-1 loss to hosts South Korea at the four nation invitation tournament by beating Honduras by 4 goals to 1. The African champions who were leading by three goals to one at halftime ensured they finished the tournament on a high with goals from Enock Mwepu who scored a ...

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March inflation marginally declines to 6.7%

John Kalumbi

The annual inflation rate for March 2017 inflation rate has marginally decreased by 0.1 percentage points to 6.7 percent from the February rate of 6.8 percent. Central Statistical Office Director, John Kalumbi has attributed the reduction to the price changes of food items. Mr Kalumbi has explains that decline in inflation means that on average prices increased by 6.7 percent ...

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Mopani to invest $1.3 billion in new shafts

Mopani logo 1

Mopani Copper Mines has announced a new US$ 1.3 billion investment in its mining operations in Zambia. Company Board Chairman Moses Chilangwa has told a news conference in Lusaka today that the investment will go towards capital projects that include sinking and equipping three new shafts namely Synclinorium and Mindolo deep in Kitwe, and the Mufulira deep shaft. Mr Chilangwa ...

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New Kanye West Yeezy Collection Sells Out in Five Minutes

Kanye West

Rapper Kanye West’s latest Yeezy x Adidas collection has sold out within five minutes online. Although the “Good Life” hitmaker did not run a marketing campaign for his new Calabasas, California-themed apparel, fans snapped up his designs when the clothing became available for purchase at www.yeezysupply.com on Wednesday (March 29). The unisex collection, which was available to purchase exclusively on ...

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