Daily Archives: September 13, 2018

No national assert is collateral for Chinese loans – Siliya

Chief government spokesperson Dora Siliya has clarified that no national assets or firms have been used as collateral for any of the loans Zambia has contracted from China. Ms. Siliya says the loans government has been acquiring from China are bilateral based. Speaking at a media briefing held in Lusaka Ms. Siliya also maintained that Zambia has not defaulted on ...

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Zambia’s electricity production currently stands at 2,900 MW

Minister of Energy Mathew Nkhuwa says Zambia ‘s electricity production currently stands at 2,900 mega watts. Mr. Nkhuwa says of this production the Country is only using 2,200 mega watts at consumption peak. He has told a media briefing held in Lusaka that this means Zambia is producing excess electricity of 700 megawatts. Mr. Nkhuwa, who is also Chingola Member ...

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Suu Kyi defends jailing of journalists

Myanmar’s Aung San Suu Kyi has defended the jailing of two Reuters journalists, despite international condemnation. She said Wa Lone and Kyaw Soe Oo had broken the law and their conviction had “nothing to do with freedom of expression at all”. The two were sentenced for possession of police documents while investigating the killing of Rohingya Muslims. Ms Suu Kyi ...

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Mumba was never convicted – Mukuka

The Nevers Mumba led MMD is disappointed by media reports suggesting that its leader was convicted in the case he was facing two counts of Abuse of Authority of Office. Spokesperson Cephas Mukuka says such media reports are misleading as Dr. Mumba was never convicted despite the Magistrate Court finding him guilty and handing him an Absolute Discharge. Dr. Mukuka ...

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Zambia Credit Guarantee Scheme launched

Government has expressed concern that high lending interest rates have continued to hamper growth and development of micro ,small and medium enterprises in Zambia. Finance Minister Margaret Mwanakatwe says government through the Central Bank will however continue to engage commercial banks in a bid to address this situation. Ms. Mwanakatwe made this assurance last night in Lusaka during the launch ...

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Twenty eight yr old Zambian stoned to death in SA

A 28 years old Zambian has been stoned to death by a group of enraged taxi and minibus drivers in South Africa’s  North Western province’s biggest city, Klerksdorp, recently renamed to Matlosana. Rabson Zulu, holder of passport number  528427 is believed to have been first stabbed with a knife before he met his fate in the company of other four ...

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