ZAMBIA NEWS

Newly appointed Defence Minister Richwell Siamunene says he will not disappoint President Edgar Lungu, but will deliver according his expectations. Mr Siamunene tells QFM News that he has received his appointment with both hands. Mr. Siamunene says he is grateful to God for giving him an opportunity through President Lungu to serve the people of Zambia as Defence Minister, stating ...

President Edgar Lungu has launched the 2015 National Youth Policy and Action Plan on Empower and Employment which he says must result in the creation of more than 500,000 jobs for the youth by the end of 2016. President Lungu has since declared an end to the era of rhetoric that succeeds on scoring short term political mileage at the ...

Secretary to the treasury Fredson Yamba says the country is not falling into a debt trap contrary to suggestions by some stakeholders. Mr. Yamba says the country can only fall into a debt trap when its debt is equal to its GDP, which is not the case because the country is away from that mark. He points out that the ...

Republican President Edgar Lungu has with immediate effect appointed UPND Sinazongwe Member of Parliament Richwell Siamunene as Defence Minister. Mr Siamunene was until his elevation transport,works,supply and communication deputy Minister. President Lungu has been holding the position of Defence Minister from the time of late President Michael Sata’s administration, the position he retained following his election as President. And President ...

The Bank of Zambia has maintained the benchmark lending rate at 12.5 percent, saying it predicted inflation would breach the regulator’s target by the end of the year. Central Bank Governor Denny Kalyalya has told a media briefing in Lusaka this morning that inflation is projected to be slightly above the end year target of 7.0 percent in the third ...

Government says all the necessary equipment has been procured to enable the Government Printers print ballot papers for the 2016 general election. Works, supply, communication and transport Minister Yamfwa Mukanga has told QFM News in an interview that what is remaining is the installation of the equipment at the Government Printers after which inspection of the equipment will be conducted. ...

The Jesuit Centre for Theological Reflection (JCTR) says government’s delay in announcing the maize floor price is hurting small scale farmers. JCTR Director Fr Leonard Chiti has since appealed to government take into consideration the interest of the farmers and announce the floor price. He says the delay to announce the maize floor price shows lack of concern by the ...

The opposition Zambians for Empowerment and Development (ZED) has called for consensus decision making on major challenges facing the country such as the current financial constraint. The ZED says this is especially that the financial deficit has resulted in government resorting to borrowing. ZED president Frederick Mutesa says there is need for every decision that is being made to be ...

Opposition Green Party President Peter Sinkamba says a broader mix of energy sources is what Zambia needs to meet its growing demand for power. Mr. Sinkamba says the broader mix of energy sources he is proposing should however be of independent power producers. He says this is especially that Zambia is increasingly attracting industrial investment whose pragmatic view is that ...

Former Finance Minister Ng’andu Magande has observed the need for special measures to be put in place to restore the Zambian economy on a path of growth. Mr. Magande is concerned that given the economic challenges of power deficits and the hike in the fuel price it will not be possible for the economy to realize the projected growth for ...