Economist Oliver Saasa has encouraged the government to acknowledge that Zambia has a serious debt problem. Professor Saasa says while Zambia is not yet in a debt crisis, it will head towards debt stress if nothing is done to address the Country’s debt position. He says this is because public debt is likely to edge higher over time. Speaking when he ...
Read More »Daily Archives: September 10, 2018
GDP growth rate of 4% is too minuscule for Zambia – Milupi
Opposition ADD president Charles Milupi says a GDP growth rate of 4 percent is too minuscule for a Country like Zambia that has vast resources. In its 2019-2021 Medium Term Expenditure Framework (MTEF) Green paper, government has undertaken to attain a GDP growth rate of 4 percent and sustain inflation within the range of 6 to 8 percent. But Mr. ...
Read More »Two arrested for trafficking in over 600kgs of cannabis
The Drug Enforcement Commission (DEC) in Lusaka has arrested two individuals for trafficking in over six hundred kilograms of cannabis. Edward Phiri, 32, a farmer of Kabanana compound has been arrested and jointly charged with Meckson Zulu, 23, a bricklayer of the same compound for trafficking in eleven (11) by ninety Kg bags and twenty-two (22) pre-packed plastic bags of ...
Read More »US Open champion Djokovic: ‘I owe Federer, Nadal’
Novak Djokovic was thrilled to match Pete Sampras with a 14th Grand Slam title at the US Open on Sunday, but he said it’s Roger Federer and Rafael Nadal who have made him the player he is. “Pete Sampras is one of the biggest legends ever to play the game,” Djokovic said after earning a third US Open crown with ...
Read More »Toronto Film Festival: Breakfast Club recreated in starry script reading
Jesse Eisenberg, Christina Hendricks and others have joined Jason Reitman for a live reading of The Breakfast Club at the Toronto Film Festival. Breaking Bad’s Aaron Paul and Britain’s Richard E Grant also took part in the tribute to John Hughes’ teen classic. Molly Ringwald, Emilio Estevez and Judd Nelson starred in the 1985 original, which told of five high ...
Read More »Brexit: Barnier says agreement possible by early November
Michel Barnier has said a Brexit deal is possible within six to eight weeks. The EU’s chief negotiator said it was “realistic” to expect an agreement on the terms of the UK’s exit from the EU by early November at the latest. His comments come amid unconfirmed reports a one-off summit of EU leaders could be convened in the middle ...
Read More »Libya violence: Gunmen storm oil corporation building
An armed group has stormed the Tripoli headquarters of the National Oil Corporation (NOC) in Libya. Security forces clashed with the armed men at the landmark building in the centre of the city, and blasts and gunfire could be heard, witnesses say. A security official at the site said at least two staff members and two gunmen have been killed ...
Read More »Rodgers Mwanza charged with Indecent Assault on Female
Rodgers Mwanza, a Petauke resident who was arrested for allegedly sexually abusing an unconscious woman has been charged with the offense of Indecent Assault on Female. The offense is contrary to section 137 of the penal code chapter 87 of the Laws of Zambia Zambia Police spokesperson Esther Katongo says the Police in Petauke have also charged Mwanza, 28, with ...
Read More »Ghana slump to defeat against Kenya
Ghana suffered a surprise 1-0 defeat to 10-man Kenya in a Group F 2019 Africa Cup of Nations qualifier at the Moi International Sports Centre in Nairobi on Saturday afternoon. Nicholas Opoku’s own goal was the difference between the two teams in the Kenyan capital as the Harambee Stars clinched an historic win over their more fancied opponents. Kenya ended ...
Read More »Djokovic wins third US Open, equals Sampras on 14 Grand Slams
Novak Djokovic clinched his third US Open title on Sunday with a 6-3, 7-6 (7/4), 6-3 triumph over Juan Martin del Potro, taking him level with Pete Sampras’s mark of 14 Grand Slams. Djokovic, playing in his eighth final in New York and already the champion in 2011 and 2015, is now just three Slams behind Rafael Nadal and six ...
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