THE Insurers Association of Zambia (IAZ) has welcomed Finance Minister Felix Mutati’s 2018 budget pronouncement that government will repeal and replace the Insurance Act to strengthen governance and financial soundness in the insurance industry. IAZ president Paul Nkhoma says the regulatory framework in the sector is outdated. Mr Nkhoma says the association is particularly happy that the government has listened ...

Roan Member of Parliament Chishimba Kambwili has formally reported Copperbelt Minister Bowman Lusambo to Emmasdale Police Station in Lusaka for assault after he was slapped at Parliament yesterday. Speaking to journalists shortly after reporting the matter, Mr. Kambwili who was last night issued with a medical report at the University Teaching Hospital (UTH) says he is confident that Police will ...

(AllHipHop News) The founder of the disastrous Fyre Festival has pleaded not guilty to defrauding investors out of millions of dollars. Billy McFarland, 25, is accused of wire fraud and making false statements to banks, who loaned the promoter millions of dollars. The charges stem from the Fyre Festival, which was supposed to be a luxurious event held in the ...

Catalonia will declare independence from Spain in a matter of days, the leader of the autonomous region has told the BBC. In his first interview since Sunday’s referendum, Carles Puigdemont said his government would “act at the end of this week or the beginning of next”. Meanwhile, Spain’s King Felipe VI said organisers of the vote put themselves “outside the ...

Uruguay striker Edinson Cavani has played down his penalty-taking spat with Paris Saint-Germain teammate Neymar.Cavani and Brazilian Neymar, the world’s most expensive player, reportedly fell out over penalty-taking duties for PSG in recent league matches. The despite blew up a couple of weeks ago when Cavani, PSG’s regular penalty-taker, refused to let Neymar take a spot-kick against Lyon, only to ...

Green Party president Peter Sinkamba says it is saddening that traditional ceremonies have become a major source of political tension in the country especially after the 2016 elections. Mr. Sinkamba notes that the trend is escalating and getting spiteful by the day, considering what happened at the Kuomboka traditional Ceremony in April this year leading to treason charges and the ...

The Zambia Federation of Employers (ZFE) has advised government to avoid extravagant spending of public resources on things which are not of significant benefit to the people of Zambia. ZFE president Tyson Chisambo says the federation is deeply concerned that government would spend US$42 million to procure 42 fire tenders when the country has other pressing needs. He says government ...

Patriots for Economic Progress (PeP) says it will beginning next week on Wednesday start staging weekly  demonstrations against the procurement of 42 fire tenders at a total cost of $42 million. Party president Sean Tembo who was among the six protesters arrested by police last Friday for staging a demonstration near parliament says the demonstrations will be held every Wednesday ...

Housing and Infrastructure Development Minister Ronald Chitotela says the US$1.2 billion Lusaka-Ndola dual carriageway will generate gross revenue of approximately US$3.5 billion over a period of 17 years once operational. And Mr Chitotela has clarified that China Jiangxi Corporation for international Economic and Technical Cooperation (CJIC) the contractor for the road will finance the road project under the public private ...

Labour Minister Joyce Nonde has slammed the labour movement in the country for not understanding labour laws fully. Speaking when officiated at the tripartite consultative labour council meeting in Lusaka; Ms. Nonde notes that there has been misrepresentation of facts especially through the media by the labour movement and employers with regards the law on casualization and outsourcing. Ms. Nonde ...