Daily Archives: July 31, 2018

Kambwili reports President Lungu to DEC

Roan Member of Parliament Chishimba Kambwili has reported President Edgar Lungu and the Patriotic Front (PF) to the Drug Enforcement Commission (DEC) on allegations involving money laundering activities and the Presidential Empowerment Fund. The Roan MP says this follows the extravagant and opulent nature of campaigns launched by the ruling party on the just ended by-elections in some parts of ...

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Zambia’s huge debt unsettles JCTR

Jesuit Centre for Theological Reflection (JCTR) Director, Fr. Emmanuel Mumba has expressed concern at the rate at which Zambia’s debt has been accumulating under the Patriotic Front government. Speaking during the launch of the study report of the research that reviewed the IMF/World Bank debt sustainability analysis framework, Fr. Mumba notes that the recent rapid and high debt contraction by ...

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BoZ changes security features of bank notes

The Bank of Zambia will be issuing into circulation banknotes that have been upgraded with new security features. The new security features have been included in order to strengthen the security of the banknotes against counterfeiting and for easy verification by members of the public. Bank of Zambia Governor Dr. Denny Kalyalya has told Journalists in Lusaka ahead of this ...

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ZNFU advises farmers to sell their crops to higher bidders

The Zambia National Farmers Union (ZNFU) has advised farmers not satisfied with the revised K70 maize purchasing price by the Food Reserve Agency to sell their maize to buyers who are offering a better price. ZNFU Public Relations Manager, Calvin Kaleyi tells Q-News that in border areas, buyers of maize are buying the commodity at a good price which the ...

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CTPD challenges govt to publish trade deals

The Centre for Trade Policy and Development (CTPD) has challenged government to publish full details of the 12 trade and economic deals signed with Turkey in order to help the people know and appreciate what deals the country is getting into. CTPD Executive Director, Isaac Mwaipopo says as much as the centre welcomes government efforts in trying to find solutions ...

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EAZ backs refinancing of US$750M Eurobond

The Economics Association of Zambia (EAZ) says it supports government’s decision to use a Turkish private equity to amortize the US$750 million Eurobond which falls due in 2022. EAZ president Lubinda Habaazoka says government’s decision is a far much better in the absence of a sinking fund as it will help Zambia avoid defaulting on the Eurobond when it matures. ...

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