The Bank of Zambia has reduced the benchmark lending rate by 150 basis points to 11 percent from 12.5 percent. The Central Bank has also reduced the Statutory Reserve Ratio by 300 basis points to 9.5 percent from 12.5 percent. Bank of Zambia Governor Dr. Denny Kalyalya has told a media briefing that in arriving at this decision, the Monetary ...

Chuck Norris may be celebrated actor, martial arts champion, and beloved veteran of the Air Force, but to many young fans, the red-blooded American hero is an Internet sensation. In 2005, a series of jokes known as “Chuck Norris Facts” began to circulate on the Internet that focused on his heroism and superhero strength. However, the 77-year-old (whose real name ...

Katy Perry opened up to W magazine this month about the recent changes she’s made in her life. The pop star told the mag that she “had to do some much-needed work on my heart, soul, mind, and body.” Now, at 32 years old and with a new pixie haircut, she said, “I feel 360-degrees liberated—all around. Whether it’s politically, ...

Captained by the Paris Saint Germain striker Neymar, Brazil have knocked Germany off the top of the Fifa rankings released on Thursday.World champions Germany dropped to second despite winning the Confederations Cup last month after some rolling historical results were devalued. Lionel Messi’s Argentina are in third and modest Switzerland, with a 100 per cent record in World Cup qualifiers, ...

Liverpool manager Jurgen Klopp said midfielder Philippe Coutinho would not be sold at any price, as British media reported the club had rejected a second bid worth 100 million euros ($117 million) from Barcelona.Barcelona had already been rebuffed last month in an 80 million euro bid for the 25-year-old, who joined Liverpool from Inter Milan for 8.5 million pounds ($11 ...

Foreign observers have expressed confidence in Kenya’s electoral process, despite opposition leader Raila Odinga’s claim of massive fraud. African observers described Tuesday’s poll as credible, while former US Secretary of State John Kerry said its integrity remained intact. The European Union said candidates should accept losing as “natural”. Mr Odinga alleges that results of the presidential poll have been rigged ...

North Korea says a plan that could see it fire four missiles near the US territory of Guam will be ready in a matter of days. State media said Hwasong-12 rockets would pass over Japan and land in the sea about 30km (17 miles) from Guam, if the plan was approved by Kim Jong-un. It denounced Donald Trump’s warnings of ...

  The Judiciary says no political party supporters will be allowed on the court grounds or in the vicinity during the treason trial of UPND leader Hakainde Hichilema and his co-accused which takes off on Monday next week. In a statement, Judiciary public relations officer Veronica Chisambisha says due to security reasons and limited space in the Supreme Court, the ...

Police have dropped the charge of defamation of the President against United Progressive People (UPP) President Saviour Chishimba. Dr Chishimba has since been released from detention at Woodlands Police Station where he has been held since last week. Police Spokesperson Esther Katongo has confirmed that the matter against Dr Chishimba has been discontinued. The UPP leader was last week picked ...

DJ Khaled has canceled his gig at The Great New York State Fair after accepting an offer to perform at the 2017 MTV Video Music Awards. The hip-hop star was due to play at the Chevy Court venue in Syracuse, New York on August 26 as part of the 12-day family festival, but has pulled The hip-hop star was due ...