Moody Investors Services has upgraded the rating outlook for Zambia to stable from negative. According to a rating action statement issued in London by Moody’s, the stable outlook reflects reduced government liquidity pressures and a slowdown in government debt accumulation. On 24 January 2018, a Moody’s rating committee was called to discuss the rating of the Government of Zambia. The ...

Jose Mourinho hailed new signing Alexis Sanchez after he delivered a man-of-the-match performance to fire Manchester United into the fifth round of the FA Cup with a 4-0 win against lowly Yeovil Town on Friday. Sanchez was named in the starting line-up just days after he signed for United from Arsenal and was involved in the build-up to the first ...

Zambia and Sudan face off tonight in the quarterfinals of the African Nations Championship (CHAN) at the Grand Stade de Marrakech in Morocco. Both sides know any loss at this stage means taking the next plane home but Wedson Nyirenda and his charges believe they have done enough to stop the Sudanese interest in the tournament. Interestingly both sides have ...

The Energy Regulation Board (ERB) has disclosed that ZESCO Limited failed a performance review in 2017, scoring below the 75 percent performance benchmark. ERB Executive Director Langiwe Lungu says the Board has set a 75 performance benchmark in terms of service delivery which power utilities should endeavor to achieve. Ms. Lungu, however, states that ZESCO fail short of the set ...

Transparency International Zambia (TIZ) has called on the government to stop vilifying corruption whistle blowers. TIZ Executive Director Wesley Chibamba says the tendency of labeling corruption whistle blowers as villains for telling the truth should come to an end. Mr. Chibamba says it makes sad reading to note that those who have come out strongly on the fight against corruption ...

The Catholic Relief Services (CSR) has applied for US$75 million to the United States Government to fight malnutrition and reduce childhood stunting in Zambia. CSR Country Representative Juan Sheenan says this is a five year programme with an extension of 2-years. He says CRS is now waiting for the U.S Government to review the proposals as well as approve the ...

Odini Liberation Party President Mpundu Mwanamwelwa has given President Edgar Lungu 14 days to withdraw the defence forces from the streets. Mr Mwanamwelwa says the soldiers are abusing innocent citizens on the streets. He says failure to do so, he will be forced to collect 1, 000 signatures of the victims of the army brutality and petition the International Criminal ...

Opposition United Party for National Development (UPND) President Hakainde Hichilema has urged Zambians to stand up as a nation and stop what he has described as the rampant corruption in the PF government. Mr Hichilema says the corruption taking place in government has hindered development in the country. He says the Zambian people are suffering, while the country is hurting ...

Arsene Wenger insisted Arsenal were at fault if Alexis Sanchez had missed a routine drugs test on the same day as he was completing his transfer to Manchester United. Reports in the British media late on Thursday suggested the Chile forward had contravened the Football Association’s ‘whereabouts’ rule by missing a doping test scheduled for Monday – the same day ...

President Edgar Lungu has directed the treasury and all spending agencies to urgently constitute a task force to expedite the completion of infrastructure projects which have stalled across the country. President Lungu is particularly disappointed that many projects in Muchinga province which he recently toured have stalled for a long time. To this effect, the President this morning summoned a ...