Republican President Edgar Lungu has expressed saddened by the failure by most Zambian Contractors to get contracts through competitive bidding. President Lungu says the failure by local contractors to get these contracts is attributed to their failure to prepare tender documents. In a speech read on his behalf by Minister of Finance Margaret Mwanakatwe at the African Procurement and Enterprise ...

The Bank of Zambia (BoZ) Monetary Policy Committee (MPC) has maintained the Country’s benchmark lending rate at 9.75 percent for the third quarter of 2018. In arriving at this decision during its November 19th and 20th meeting, the MPC took into consideration the inflation projection, which is expected to remain outside the upper bound of 6-8% target range. Speaking during ...

Finance Minister Margaret Mwanakatwe has disclosed that government collected a total of K28.2 million as revenue in form of withholding tax on rental income on commercial and residential properties between January and June 2018. Mrs. Mwanakatwe says of the total K28.2 million, K24.9 million was collected from commercial properties while K3.3 million was collected from residential properties. She says as ...

President Edgar Lungu says Zambia has started benefiting from the US$60 billion pledge by Chinese President Xi Jinping towards the successful implementation of the Forum for China Africa Cooperation (FOCAC). President Lungu says this can be seen from a new set of projects being implemented in the country within the FOCAC framework. Speaking at the ground breaking ceremony of JIANGXI ...

Theresa May will meet EU officials later as the two sides scramble to finalise a Brexit deal in time for Sunday’s summit of European leaders. The EU missed its deadline on Tuesday to complete the text of its declaration on future relations with the UK, amid concerns from several member states. Stumbling blocks remain over UK access to the EU ...

A British PhD student has been sentenced to life in prison after being found guilty of spying in the United Arab Emirates (UAE). Matthew Hedges, 31, of Durham University, always denied the charge saying he had been conducting research. A court in Abu Dhabi has declared him guilty of “spying for or on behalf of” the UK government. His family ...

Interpol has elected South Korean Kim Jong-yang as its president, rejecting the controversial Russian frontrunner. Mr Kim was chosen by Interpol’s 194 member states at a meeting of its annual congress in Dubai. He beat Russia’s Alexander Prokopchuk, who has been accused of using Interpol’s arrest warrant system to target critics of the Kremlin. Russia blamed the outcome of the ...

The 4g network which offers superfast internet download speeds on mobile in excess of 30mb per second is now switched on and commercially available to mobile users in kitwe,chingola,mufulira,chambishi,lufwanyama,chililabombwe and kalulushi including kasumbalesa. Zamtel chief executive officer, Sydney Mupeta says with this launch, Zamtel confirms its position as a company focused on innovation and providing an increasingly better mobile internet ...

Police in Mambwe District in Eastern Province have arrested a 23 year-old Malawian national for allegedly defiling a 13 year old minor of Komwanjali farm in chief Jumbe’s area. Eastern province police commissioner Luckson Sakala has identified the suspect as Khondwani Banda. Mr. Sakala says the incident happened on the 17th of November around 23:00 hours. He says brief facts ...

The Zambia Center for Interparty Dialogue (ZCID) and Church Mother bodies have continued to receive commendations from stakeholders for agreeing to work together in the national dialogue process. Movement for National Transformation (MNT) President Daniel Shimunza has also praised President Edgar Lungu for ensuring that national dialogue does not delay any further. In a walk-in interview, Mr. Shimunza has reminded ...