Government ready to partner with private sector on development

Government has reiterated its commitment to work with the private sector and it's cooperating partners on initiatives that aim to exploit the development potential of Luapula Province. Provincial Minister, John Chinyanta also said the continued cooperation between government and partners would result in the province meaningfully...

Belgium pledges to write off debt

Belgium has pledged to write off Zambia’s debt of more than K21 billion (US$5 million), with President Mwanawasa calling on investors from that country to consider investing their money in various developmental areas. Belgium’s Ambassador to Zambia, Peter Maddens, said his country had authorised him...

Zambia to pay Vulture Fund $15.4m

The United Kingdom Royal Court of Justice in London yesterday ruled that Zambia should pay US$15.4 million to Donegal International, the Vulture Fund that sued Zambia for US$55 million debt. And commenting on the judgement in an interview in Lusaka last night, Attorney General Mumba...

MMC embarks on a K600 million street lighting project

Municipal Council (MMC) on the Copperbelt Province has set aside K 600 million for street lightning projects in the border town. Town Clerk, Charles Mwandila, disclosed the development in an interview with the Zambia News and Information Services (ZANIS) in Mufulira today. Mr Mwandila said...

Major Electricity Crisis Looms

The government announced on Monday that the country faced a major electricity crisis as power generation capacity had not kept pace with an economic growth spurt. The energy ministry said in a statement that power supply would be outstripped by demand by next year...

Suspected bogus maize dealers invade Mazabuka

Suspected bogus maize dealers are reported to have invaded Mazabuka district cheating farmers by buying maize at give away prices. Zambia National Farmers Union, Mazabuka branch, Agri- business manager, Clement Phiri who disclosed this to ZANIS in Mazabuka today said his union is worried at the...

RDA challenges local authorities to prepare tender documents

The Road Development Agency(RDA) has appealed to local authorities on the Copperbelt to start preparing tender documents for the K5 Billion that has been set aside by the Government to rehabilitate priority roads covering the 72 District in the country. And Copperbelt Minister Mwansa Mbulakulima...

Stanbic bank records 30 percent profit

Stanbic Bank has recorded a 30 per cent profit increase in the previous financial year, Bank managing director Larry Kalala has said. Speaking at the Bank's first ever quarterly media  briefing in Lusaka today, Mr Kalala said the 30 per cent increase in the net...

ZACCI cites export hurdles

Zambian exports have failed to fully penetrate the lucrative Democratic Republic of Congo (DRC) market due to the high cost of production in Zambia, the  Zambia Association of Chambers of Commerce and Industry (ZACCI) has observed. In an interview with ZANIS in Lusaka today, ZACCI...

Over 900 bags of relief food condemned.

About 935 by 50 kilogram bags of maize out of the 3,080 bags of the grain meant to feed starving families in the Bangweulu swamps in Samfya have been condemned as unfit for human consumption. This follows an assessment exercise conducted  by health inspectors and...

Albidon Lacks Environmental Assessment report on its extension project

The Environmental Council of Zambia (ECZ) says it has not yet received an Environmental Assessment Report (EAR) concerning the extra 2,100 hectares of land applied for by Albidon Nickel Mine in Mazabuka mugoti area. ECZ Communications Officer, Chama Nyendwa noted that her organisation only approved...

Urgent meeting kicks off in Mazabuka to address the Albidon Mine expansion overtures

A meeting aimed at resolving the controversy surrounding the approval of a land application for Munali Nickel Mine by councillors has kicked off in Mazabuka. The urgent meeting which has been called by the United Party for National Development, Southern Province executive committee is being...

ECZ approves EIA for 12 projects

The Environmental Council of Zambia, ECZ, has approved 12 projects that include the proposed establishment of a 33KV electricity line at Munali Hills Nickel Mine in Mazabuka district. This is in accordance with the Environmental Protection and Pollution Control Act Cap 204 of the Laws of...

World Oil Prices continue to rise

World Oil Prices have continued to raise amidst tension between Iran and Britain over the capturing British sailors. According to Oil Producing and Exporting Countries (OPEC) daily bulletin obtained by ZANIS , oil was yesterday trading at $US63.73 per barrel as compared...

Multi-choice Zambia unshaken by Free-to Air providers

Multi-choice Zambia says it is unshaken by the competition arising from Free-to-Air facilities that have come on the scene. Multi-choice Zambia Public Relations Officer Kamiza Chikula says the firm has witnessed a rise in subscribers amid the competition from Free-to-Air providers. He told ZANIS in an...