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Chinese Labour force coming into the country should be reduced-Kambwili

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Chisimba Kambwili
Chisimba Kambwili

Labour Minister Chishimba Kambwili has said that Chinese Labour force coming into the country should be reduced and replaced with Zambians with the required expertise.

And Mr Kambwili has advised Chinese investors to do away with casualisation and consider giving Zambians permanent pensionable jobs.

Mr Kambwili says as much as government welcomes Chinese investment, it is concerned that Chinese investors are paying low salaries to Zambians.

He was speaking in Chambeshi when he paid a surprise visit to CHAMBESHI COPPER smelter.

The labour Minister is saddened that Zambian chemical engineers are getting as little as K2.5 million per month as basic salary.

He said CHAMBESHI COPPER smelter has the ability to pay employees better than K2.5 million .

Mr Kambwili says the company is the lowest paying in the mining sector and has appealed to management to consider increasing salaries for workers.

And CHAMBESHI COPPER smelter Chief Executive Officer, YANG XINGUO defended the decision by the firm to bring in expatriates.

Mr XINGUO (zingo) said most jobs being carried out by Chinese nationals at Chambeshi Copper Smelter are highly specialised and that Zambians need time to gain the same skills.

Court throws out Zamtel bid to nullify DEC’s move to freeze accounts

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ZAMTEL Headquarters
ZAMTEL Headquarters

The Lusaka high court has thrown out a bid for Zamtel to quash the move by the Drug Enforcement Commission-DEC to freeze its accounts saying the action was done in the course of criminal investigations.

In his ruling Lusaka high court judge Evans Hamaundu said he could not stay the execution of seizure notices as this will allow ZAMTEL temper with the accounts which are intended exhibits.

Judge Hamaundu says freezing of ZAMTEL accounts was done on suspicions that there was money laundering involved.

Zamtel requested the court to grant it judicial review which would automatically evoke a stay the execution of the DEC seizer notices.

Meanwhile, various stakeholders and members of the public have welcomed the takeover of the 75 percent stake owned by LAP Green of Libya in zamtel.

Transparency International Zambia says the takeover was predictable.

TIZ executive director Goodwell Lungu says civil society organisations and members of the public who opposed the transaction have been vindicated.

He has called on the PF government to exercise caution when managing the operations of the telecommunication company to avoid a repeat of transactions marred with illegality.

And former Finance minister Ng’andu Magande has also welcomed government’s decision to take over the parastatal.

Mr Magande however says it remains to be seen what move the managers of Lap Green will take next.

Meanwhile, UNIP president Tilyenji Kaunda says the reversal of the ZAMTEL transaction could not have come at a better time than now.

He said the takeover of ZAMTEL will send a message along the political corridor that people ought to make decisions in the interest of the public.

Mr Kaunda says it is clear from the government decision that no politician should think og oneself at the expense of public interest.

And former Bankers Union of Zambia president Lucky Beene says the takeover is in the best interest of the nation.

In another development, several Lusaka residents have praised president Sata’s government for taking over the management of ZAMTEL, saying it was long overdue.

Wilbroad Mulenga has observed that the measure will sustain economic development, while creating more jobs by empowering Zambians by owning shares in the company.

ZNBC

Renard Plots Libya Revenge

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Zambia national soccer team coach Herve Renard

Herve Renard has said Wednesday’s Africa Cup Group A game against Libya will be a revenge match.

Libya beat 1-0 in the two sides 2012 Africa Cup Group C qualifying match first leg before drawing 0-0 in the final group decider last October in Chingola.

This Wednesday, Zambia who lead Group A at the Africa Cup on 3 points face 3rd from bottom Libya hoping to become the first team at this year’s tournament to qualify for the quarterfinals with one game to spare.

“Zambia didn’t beat them during the qualification and we have to get the revenge and to win the game tomorrow,” Renard said on Tuesday afternoon during the teams’ final pre-match press briefing at Zambia’s base at Villa Cellotti in Bata.

Renard said he had no injury worries in his team where he is expected to keep faith in his starting line-up from the 2-1 win over Senegal on Saturday.

The Frenchman said he was not reading too much into Libya’s 1-0 loss to co-hosts Equatorial Guinea last Saturday.

“Libya played a good game, they made just one mistake in the last five minutes,” Renard said.

“They were strong and well organized. I think we have the skills and abilities to destabilize this team and I hope tomorrow we will be able to do that.”

Meanwhile, Libya coach Marcos Paqueta said Renard’s Zambia is not the one he faced when Dario Bonetti was in charge.

“Here it is very different, it’s a different atmosphere high humidity, you also have pressure because you have to win to continue in the competition,” The Brazilian born coach said.

“Then you are playing against a strong team, they play close because the coach knows everything about his players. He knows the players individual skills. They close and go and wait for someone to come.”

A defeat for Libya tomorrow will end their interest in this year Africa Cup.

Meanwhile, Senegal will also try to rescue their Africa Cup dreams after losing 2-1 to Zambia on match day 1 in Bata on January 21.
Senegal face Equatorial Guinea in the late kickoff of the second Group A doubleheader on Wednesday.

Chifire’s Committee of Citizens de-registered

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COMMITTEE of Citizens executive director Gregory Chifire
COMMITTEE of Citizens executive director Gregory Chifire

The Chief Registrar of Societies deregistered Gregory Chifire’s Committee of Citizens and Moses Lungu’s Evangelical Youth Alliance International.

Also de-registered is the Leadership Environment and Development Southern Africa.

Chief Registrar of Societies Clement Andeleki in a statement obtained by QFM says the de-registrations effective 23rd January, 2012 are in exercise of the powers vested in him by Section 13 of the Societies ACT, Chapter 119 of the Laws of Zambia.

Mr Andeleki says the three organizations have been operating illegally and have failed to pay annual returns and complying with their terms of registration.

He has also reminded all registered societies, political parties, clubs, charity organizations, churches and other related organizations that payment for annual returns is due and that the closing date for annual returns is 31st march,2012.

[QFM]

President Sata appoints Dr Mupanga Mwanakatwe, Chairman and acting CEO of ZAMTEL

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President Michael Sata
President Michael Sata

Zambian President Michael Sata has dissolved the Board of Directors of Zamtel and appointed a new Chief Executive Officer and Chairman. Government having accepted without reservation the report on the findings of the Committee Investigating the sale of Zamtel, President Sata has deemed it desirable and expedient to compulsorily acquire the 75 per cent shareholding of Lap Green Network in Zamtel. The appropriate notice under the law has been given.

This is according to according to a press statement released to the Media by Special Assistant to the President for Press and Public relations George Chellah.

According to the statement, the President has ordered the dissolution of the Board of Directors of Zamtel. The Head of State has appointed Dr Mupanga Mwanakatwe, Chairman and acting Chief Executive Officer as a first step to regularize the affairs of the company.

“A new board will soon be put in place to give the policy guidance and direction to management and staff. President Sata has further directed management to address the plight of Zamtel workers with due immediacy,” read the statement.

“There should be no loss in jobs except through retirement and attrition while maintaining the highest levels of discipline and respect of law,” President Sata said.

“Zamtel workers have served with distinction in an area of sophisticated information technology. This has been so from the inception of the company,” the president noted.

President Sata once again reiterated his relentless commitment to his duty as custodian of the interests of the Zambian people and assured the Zamtel workers their traumas and anxieties would be ended.

Government will restructure ownership of Zamtel to ensure Zambians owned the bulk of the shares in a revitalized Zamtel.

PF Government has prioritized the fight against corruption- Wina

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Minister of Chiefs and Traditional Affairs Inonge Wina
Minister of Chiefs and Traditional Affairs Inonge Wina

Chiefs and Traditional Affairs minister Inonge Wina has reiterated the Patriotic Front [PF] government’s deliberate prioritization of the fight against graft.

ZANIS reports from Kalabo, the Ms. Wina said since corruption undermined national development in the previous government, it was the reason that the PF government has prioritized the fight against graft.

“The bottom line was that the PF government was ushered in by poor people as most of the rich people and intellectuals had aligned themselves to the MMD and the UPND, ” she said.

The Minister said this when she addressed government officials in the Council Chamber in Kalabo last Friday.

Mrs. Wina said that the PF government was following up corrupt individuals and government officials especially in the previous government to account for what they did.

She explained that that government first wants to strengthen capacity of policy implementers in councils and villages and then enhance development in the nation.

” Government was looking forward to open up infrastructure such as improving the road network first and has not yet started with the railway adding that even some dredgers were also already in some areas to clear and deepen some rivers and canals in order to improve water transport, ” she said.

[pullquote]“The bottom line was that the PF government was ushered in by poor people as most of the rich people and intellectuals had aligned themselves to the MMD and the UPND, ” she said.[/pullquote]

The PF Government has since being elected into office on September 20, 2011 made drastic measures such as the the re-introduction of the removed corruption clause in the Anti- Corruption Commission Act (ACC) and the questioning and arrests of senior government officials of the former MMD government.

ZANIS

Copy of Letter to the president by MOREBA

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The Editor,
I have come across a letter written by MOREBA to the President after the visit of the 3 Barotse Activist Groups to State house. I am convinced that the letter carries very important information that must be made known to the public especially after what has been published in the papers about the presidents remarks to the 12 man deligation to state house.
I am requesting you good media will find some space to publish this important letter that the public may know.
I thank you in advance for considering to publish this important letter.
Yours in national service
Mr.S

You will note, Your Excellency, that these areas had constituted the former territory of the Barotseland-North-Western Rhodesia which had subsisted up to Thursday 17th August 1911 after which it was amalgamated with North Eastern Rhodesia to form the Protectorate of Northern Rhodesia  by way of the  Northern Rhodesia Order-in-Council 1911. The claim that Barotseland is as big as the said Barotseland-Northwestern Rhodesia, though widely accepted, is not supported by record. On the contrary, a close examination of both legislative and contemporary history reveals that this territory, as its double-barreled name suggests, comprised King Lewanika’s territory of Barotseland and other areas acquired by Cecil John Rhode’s British South African Company (BSAC) which were administered jointly with Barotseland.

The treaty that the BSAC had signed with Lewanika compelled the company to provide protection and other administrative support to Barotseland and its King. For economic reasons, the company decided to facilitate this support from one point as opposed to having a fully fledged administrative structure for Barotseland alone.  In addition the BSAC was in competition with other Imperial land grabbers such as the Belgians in the Congo, the Portuguese in the west and east and the Germans in East Africa. While these foreign powers were in competition for African territory they, nonetheless, respected and stayed clear of those areas that were proven to have fallen under the influence of their fellow competitors. The construction of military garrisons around areas of influence signified ownership of such areas and hence Fort Jameson (Chipata), Abercorn and Five (Mbala) and Fort Rosebery (Mansa) were established by the BSAC to protect North-Eastern Rhodesia from other marauding European land seekers. As for Barotseland and adjacent areas, the treaty with Lewanika provided enough security of occupancy by the BSAC. For this reason the company tended to send out signals that Lewanika’s territory extended to areas beyond his north-eastern and south-eastern boundaries. More importantly, there is no evidence on record of Lewanika laying claim to the said areas and none of his successors has done so.

The geographical position of the Northern Rhodesia territory at the time of amalgamation is shown overleaf. The area shown as “Certificate of Claim A” which had stretched from the Kafue River to the bottom of Lake Bangweulu was referred to as the “Transferred Area”. This area was transferred to the suzerainty of King Lewanika by the colonial authority in order for the area to benefit from his treaty with the British Crown. This was deemed necessary because the people (chiefs) who had signed treaties with the company within the area were considered to be “mythical personages” whose authority could not be relied on. This fact was highlighted in a report prepared for the colonial office by a Mr. Cox of the British South African Company London office.

In spite this land being transferred to him, King Lewanika had insisted that his country did not extend beyond the east of the Kafue River. Instead, he had affirmed that his land was in the western sector and that he had accepted to look after the transferred land on the basis that he would be paid for the work done.

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To amplify the fallacy of extended jurisdiction of Barotseland to other   Provinces, the boundaries of the Barotseland Protectorate was promulgated into law in 1953 as can be seen from the schedule to the Order-in-Council of that year copy of which is herewith attached.

Meanwhile, the Barotseland Agreement 1964 was signed at independence when the said boundaries had been legislated on. To this extent, section 1 of the Zambia Independence Act 1964 and Article 125 (1) of the Zambia Independence Order had stated as follows:-

The Zambia Independence Act 1964

1. Establishment of the Republic of Zambia

“On the 24th October (in this Act referred to as the appointed day), the
territory which, immediately before the appointed day, are comprised in Northern Rhodesia shall cease to be a protectorate and shall, together, become an independent Republic under the name of Zambia and on and after that day, Her Majesty shall have no jurisdiction over those territories”.

The Zambia Independence Order 1964

125.    Interpretation;

“In this constitution, unless the context otherwise requires

Barotseland means, the territory that on the 23rd October was comprised in the former Barotseland Protectorate;

The former protectorate of Northern Rhodesia means, the territory that on 23rd October was comprised in the Protectorate of Northern Rhodesia.”

2.    State within-a-State

Your Excellency was right to point out that before independence Barotseland was a Protectorate-within-a Protectorate. This is true because the Protectorate of Barotseland became part of the Protectorate of Northern Rhodesia in 1911, albeit, with Barotseland retaining autonomy on local matters. The advent of independence on 24th October 1964 turned the Protectorate of Northern Rhodesia into a State and, by virtue of the Barotseland Agreement 1964 which had provided for Barotseland to proceed to independence as part of Northern Rhodesia while retaining its local autonomy, Barotseland became a State within a State. A close study of the Barotseland Agreement 1964 reveals that Barotseland is a mini State with legislative and executive functions. This is a historical fact which should not be discarded or cause one to be ashamed.

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The foregoing scenario is not peculiar to Zambia. The Republic of Tanzania is comprised of the former territories of Tanganyika and Zanzibar. While Zanzibar has a Parliament with powers over local affairs these do not impinge on the affairs of the unified State of Tanzania.

The President and Parliament of Tanzania have jurisdiction over Zanzibar and exercise authority over the unified territory on all matters affecting the Common State such as defence, citizenship, immigration and foreign affairs. For this reason, the people of Zanzibar do elect representatives to the Parliament of Tanzania and can also become President of Tanzania. This is notwithstanding the fact that Zanzibar has a regional Parliament to which the people of the main land, Tanganyika, cannot be elected and that Tanganyika has no special Legislative Assembly apart from the Parliament of Tanzania. Conversely, Zanzibar cannot enact legislation that is disadvantageous to the people of Tanganyika main land save that when someone of Tanganyikan extraction is in Zanzibar; they are affected by the local laws of Zanzibar in the same way that Zanzibaris are affected.

In the United Kingdom, Scotland has a Parliament and Chief Minister while Wales and Northern Ireland also have their Legislative Assemblies. These regional authorities administer the territories within their devolved powers limited to affairs affecting their regions but not impinging on the whole United Kingdom. England, which is the parent state of the United Kingdom, does not have a separate Legislature and Executive because its Westminster system serves the whole United Kingdom and the other territories elect representatives to this Parliament. It is easier for a Scottish or Welsh to be elected Prime Minister of the UK than for an English person to be Chief Minister of Scotland.

With the foregoing scenario in mind, Your Excellency, we reiterate that the special position of Barotseland in Zambia is a product of history which can not be written off arbitrarily.

3.    The Litunga’s Ceremonial Dress

The Litunga’s uniform is part of our heritage as former British Protected Persons. There are many attributes of our national life that are influenced by our colonial history and this includes the fact that we are part of the global village. For example, we do not have to wonder why we are communicating with Your Excellency in this ‘colonial’ language.

This impressive military dress was given to His Majesty King Lewanika during his visitation to England as an honour for his previous activities coupled with his attendance to the coronation of His Majesty King Edward VII in 1902. This was an unbeatable and unparalled feat which cannot be compared with any other person’s achievement especially at the time at which that event took place.

To expand the foregoing, we need to ask ourselves what is so African about the ceremonial attire of our military personnel, including that of the Commander-in-Chief. What is Zambian about the official dress of the Judges of the High and Supreme Court, our Church Leaders’ attire and the Graduation Costume of the University of Zambia?  We should challenge some of our serving Members of Parliament to turn up in the National Assembly Chamber clad in the Ila attire of animal skin and then watch the reaction of the Honourable Mr. Speaker. We also recall that

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Honourable Panji Kaunda was recently kicked out of a State House swearing-in ceremony because he was not dressed in a European suit.

The territory of Zambia is well defined in boundaries and we, its citizens, are ready to shed our blood in defence of Zambia’s territorial integrity. This is notwithstanding the fact that this territory was fashioned for us by colonial grandmaster Cecil John Rhodes. Is it not surprising that the Barotseland Agreement is often dismissed as a colonial relic when many characteristics of the Zambian nation, such as the State House buildings and the personal names of some of our people, including leaders, are from the colonial past? Indeed, what becomes of us if we rid ourselves of all aspects of our colonial heritage?

4.    Barotse National Council
During the discussions Your Excellency had wondered whether the representation in the Barotse National Council extended to all Lozi tribes such as Nkoya, Mbunda and Chokwe. We reiterate that the elected members of Council were elected on the basis of universal suffrage from their Districts of residence and that this system could not stop tribes which are empowered by the vote from electing their ‘own’ people to the Council.

Further, the Litunga’s nominees were picked from the various lilalos (chiefdoms) in which all tribes reside, Nkoya and Mbunda included. Under this nomination system the Head Indunas of Mwene Mutondo, Mwene Kahare, Mwene Chiengle and Mwene Kandala could be picked to sit on the Council as representatives of their chiefdoms.

Arising from the foregoing selection method the Barotse National Council which was elected in 1963, as part of the independence process, had, among some of its members, the following:-

Elected Councilors:    Mongu District
C.H.L.Masosa     – Mbunda tribe
M. Katota        – Mbunda tribe

Mankoya (Kaoma) District
A. J. Kapatiso        – Nkoya tribe
K.B Kalyangu        – Mbunda tribe
A.K. Mutaima        – Nkoya/kaonde
S.K. Lyoka        – Nkoya tribe
M. Mutti        – Mbunda tribe

Sesheke District
Kopano. Mutondo    – Nkoya tribe

In addition to the above elected councilors the Mweneshihemi who was a senior Induna representing the Mwene Mutondo Chieftinency at the Naliele Kuta was one of the Litunga’s nominees.

The foregoing list is only reflective of those members from tribes considered to ‘non lozi’ by our detractors. The full list of both elected and nominated members of the Council may be viewed

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Hippo’s foot and Ivory from Zambia seized at Cardiff Airport

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Ten Carved ivory ornaments seized from a passenger travelling from Zambia via Amsterdam at Cardiff Airport, UK, by the UK Border Agency

Ten carved ivory ornaments and the foot of a hippopotamus were seized from a passenger at Cardiff Airport by the UK Border Agency.

On Saturday 14 January, a 58-year-old woman from the Cardiff area arrived at the airport after flying in from Zambia via Amsterdam.

Officers searched her baggage and found ten carved items made from ivory and an animal foot – believed to have come from a young hippo.

The woman was questioned and said she had cleared a relative’s house in Zambia and was unaware that she needed a licence to bring the items into the UK.

The importation of ivory and other items is restricted under the Convention in International Trade in Endangered Species (CITES) and they can only be brought into the UK if the correct permits have been applied for and issued.

The items were seized by the agency and the woman was allowed to leave the airport after questioning.

Alex Lawther, UK Border Agency Assistant Director in Wales, said:

“Just because items like this are legal in other countries, it doesn’t mean they can be brought into the UK.

“Travellers should be aware of the rules on restricted or banned items. You are not allowed to bring internationally protected endangered animals and plants, including products made from them, into the country unless you have a CITES permit.

“UK Border Agency officers at Cardiff Airport take their role in enforcing international agreements like CITES very seriously and anyone tempted to bring items of this nature through the airport should think again.”

Around 5,000 species of animals and 29,000 species of plants are protected by CITES.

The seizure at Cardiff Airport came just weeks after UK Border Agency officers at London’s Heathrow Airport seized a live African cheetah.

The big cat landed at Heathrow on 22 December 2011 and was due to transit on to Russia.

Checks revealed that the animal was not micro-chipped and therefore not identifiable and it was seized under CITES regulations. It will now be re-homed at a UK wildlife park.

Ten carved ivory ornaments and the foot of a hippopotamus have been seized from a passenger travelling from Zambia via Amsterdam at Cardiff Airport in the U.K

The foot of a hippopotamus seized from a passenger travelling from Zambia via Amsterdam at Cardiff Airport, UK, by the UK Border Agency
The foot of a hippopotamus seized from a passenger travelling from Zambia via Amsterdam at Cardiff Airport, UK, by the UK Border Agency
Carved ivory ornaments seized from a passenger travelling from Zambia via Amsterdam at Cardiff Airport, UK, by the UK Border Agency
Carved ivory ornaments seized from a passenger travelling from Zambia via Amsterdam at Cardiff Airport, UK, by the UK Border Agency
Carved ivory ornaments seized from a passenger travelling from Zambia via Amsterdam at Cardiff Airport, UK, by the UK Border Agency

Government intelligence reports indicate that people illegally allocating land in Lusaka are MMD cadres-Luo

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Minister of Local Government, Nkandu Luo
Minister of Local Government, Nkandu Luo

Government intelligence reports indicate that people illegally allocating land in Lusaka are MMD cadres. Minister of Local Government, Nkandu Luo has disclosed that the MMD cadres are just masquerading as PF.

She stressed that intelligence reports have concluded that the people involved in the illegal allocations are MMD cadres.

Meanwhile, Professor, Luo also said that Government will not protect any person involved in the misconduct regardless of political affiliation. She was reacting reports linking some PF cadres to illegal land allocations in Lusaka’s Bagdad compound.

The alleged PF party cadres on Saturday beat up residents of plot 70/70 commonly known, as Bagdad compound after the police demolished houses that were illegally build on titled land.

The cadres allegedly beat up residents and broke some houses on the pretext that residents are conniving with law enforcement agencies to grab land that had been illegally allocated to unsuspecting residents.

One of the residents Doris Mulenga, who was severely beaten and subsequently, injured on her right hand, is appealing to government to intervene.

MUVITV

Government ups minimum capital requirements for banks from K12 billion to K104 billion

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Bank of Zambia
Bank of Zambia

Government has hiked the amount of money investors must deposit with the Bank of Zambia if they want to establish a commercial bank, Mr Chikwanda said at the same function.

“The minimum capital requirement will rise from K12 billion to K104 billion for local commercial banks while foreign commercial banks will pay K520 billion,” he said.

Mr Chikwanda hopes that the measure will mobilise additional resources to enable banks to participate effectively in national economic growth and provide more money for credit.

The increase will also make the banks more resilient to economic shocks, Mr Chikwanda said.

Zambia has up to 18 registered and operational commercial banks, according to the Bank of Zambia website.

On the increase of the minimum capital requirement threshold for local commercial banks, Mr Dodia said the move will strengthen the financial base of the banks, thereby safeguard the interest of depositors.

“What the increase does is that banks will have to invest more in the economy, hence making the financial base stronger and safer for depositors,” he said.

He said the minimum capital requirement for banks from K12 billion to K104 billion will create stiffer competition and banks with weaker financial muscle will be disadvantaged, leading to the closure of some banks.

He said the few that may survive could offer compromised services.

[Zambia Daily Mail]

Freezing of ZAMTEL accounts without any Court Order can cause uncertainty among Investors

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PSDA chairman Yusuf Dodia
PSDA chairman Yusuf Dodia

The Private Sector Development Association (PSDA) has observed that the freezing of Zamtel bank accounts by the Drug enforcement Commission (DEC) is mostly likely to cause uncertainty among investors in the country.

PSDA chairman Yusuf Dodia has told QFM that the freezing the Zamtel accounts without any court order may imply especially to the investor community that the Zambian government interferes with the running of businesses in the country.

Mr. Dodia has urged government not to handle the Zamtel saga in a manner which will erode investor confidence but instead base its decisions within the confines of the rules and regulation.

Mr Dodia has further observed that the freezing of the Zamtel accounts is also most likely to cause misuse of cash at Zamtel.

But Finance Minister Alexander Chikwanda has assured the nation that government will ensure that it safeguards the interest of the Zambian people in the Zamtel impasse.

Mr. Chikwanda said that the PF government will not legitimatize any illegal transactions that were done by the previous regime.

Meanwhile, a Civil society organization has pleaded with the Zambian Government to consider ZAMTEL workers in handling the ZAMTEL reversal.

Hope for human rights executive director Smart Chanda says the plight of the workers should be taken into account as government deals with the sale of zamtel.

Mr. Chanda says reports of the workers being affected by the uncertainty surrounding Zamtel are worrisome.

He adds that though the Zambian government might have its own reasons of freezing Zamtel accounts, high consideration of the workers’ plight is important.

Government is expected to get back the 75 percent stake in local fixed-line operator Zamtel that is currently held by Lybia’s LAP Green Networks.

Government last week seized bank accounts belonging to Zamtel as part of a money-laundering investigation.

Government summons Media Heads over Wikipedia entry

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Information Broadcasting and Tourism Minister Fackson Shamenda (r)

Government has taken seriously Internet publication insinuations that President Sata has been assassinated. To this effect government has summoned to meet all media heads.

Government spokesperson, Fackson Shamenda said that the decision to meet media heads is as a result that the President, assassination rumors were spread by the media.

He notes that government understands the importance of media freedom but was quick to add that this freedom should have limitations. Mr. Shamenda has also announced that law enforcement agencies have since launched investigations in to the rumor.

Online encyclopedia Wikipedia had an entry on Saturday saying that president Sata had been assassinated.

And the Zambia Congress of Trade Unions (ZCTU) has condemned people spreading rumours that Republican President Michael Sata was shot dead yesterday.

ZCTU director Public Relations and International Affairs Martin Chembe in a statement released to media said that such people are bent on causing confusion in the nation with such rumours in order to detract government from implementing its programme of work.

Mr Chembe said that it was unfortunate that people can resort to such methods of trying to shift attention from concentrating on improving the welfare of people, and that people pertrating such rumours to cause alarm in the nation should be exposed and dealt with.

He noted that the PF government had rolled out an impressive programme aimed at changing the lives of Zambians and people are geared to support such a programme in order for government plans to bring about positive change.

Mr Chembe said that the Congress is looking forward to supporting government efforts of making improvements in workers’ welfare and that it is saddening that some people want to derail government’s good intentions by shifting its focus.

Meanwhile the ZCTU is cheered by government’s announcewment that the intended reversal of the sale of Zamtel will not lead to job losses among workers.

Mr Chembe says it is important that workers are kept reassured constantly on what is happening to their company so that they have confidence in the whole process and their hopes kept alive.

QFM/MUVITV

Bank of Zambia hopes the introduction of new Kwacha notes will be done within 6 months

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Dr. Michael Gondwe

Bank of Zambia governor Michael Gondwe said that the central bank is hoping that the procedure to introduce the new notes will be done within six months.

Dr. Gondwe however, noted that the central bank will ensure that all the laid down regulations for printing new notes are followed.

Dr Gondwe added that once the new denominations have been rolled out, the old denominations will have to be withdrawn from circulation gradually.

The Bank Governor’s comments comes after Cabinet approved the rebasing of the Zambian kwacha by dividing the current notes by 1000.

This will consequently result in the removal of the three zero’s from the denominations of K 1,000 kwacha and above.

Therefore 1 000 , 5 000, 10,000 and 50 000 kwacha will become K1, K5, K 10 and K 50 respectively while the other smaller denominations will be in coin form.

Finance and National planning Minister Alexander Chikwanda h announced at a press briefing that a rebased Zambian Kwacha will address the costs associated with the accumulated loss in the value of the Kwacha experienced during the high inflation episode that undermine the currency basic function as a store of value, medium of exchange and standard of value.

Mr. Chikwanda explains that rebasing the kwacha will also help reduce the cost of customizing standard accounting packages that are purchased by businesses.

The minister also said cabinet and the Bank of Zambia board have also recommended that the banking sector be recapitalized in line with section 83 of the Banking and Financial Services Act.

Mr. Chikwanda added that the central bank shall revise the minimum capital for commercial banks.

This will result in the increase in the minimum capital requirement from the current K12 Billion to K 104 billion for local commercial banks while K520 Billion will be for foreign commercial banks.

QFM

Am Not Retiring-Douglas Chiwaya

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Veteran Nkana striker Douglas Chiwaya has declared he has no intention to retire from active football any time soon.

Chiwaya, who turns 42 this year, is one of the longest serving players in the Super Division.

In an interview with with LT Sports in Kitwe on Monday,the former Power Dynamos and Kitwe United player insisted he will continue playing for as long as his legs take him towards the oppositions goalmouth.

“I am not retiring. Even this year I will continue playing,” Chiwaya said.

“As you can see, I am not injured and I am fit! So why should I stop playing,” he add.

Chiwaya,who is also a miner at Mopani Copper Mines in Kitwe, said he has already started looking forward to the 2012 season.

” I want my team Nkana to perform better this year. It was good we finished in the top eight,” he said.

“I think this year we (Nkana) can even finish in the top four if we play well,” Chiwaya stressed.

Zambia takes back Libya-owned Zamtel, knocks off three zeros from the kwacha

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Alexander Chikwanda
Alexander Chikwanda

Zambia will take back a 75 percent stake in local fixed-line operator Zamtel that is currently held by Lybia’s LAP Green Networks, Finance Minister Alexander Chikwanda said on Monday.

“We made a decision to restore Zamtel back to the people of Zambia,” Chikwanda said at a media briefing.

“The plight of the workers may be affected temporarily but we are trying to put up something permanent. If we find Zamtel is not adequately capitalised we will avail fresh capital.”

Zambia last week seized bank accounts belonging to Zamtel as part of a money-laundering investigation. The company has denied any wrongdoing.

Under its previous government, Zambia sold a majority stake in Zamtel to the Libyan operator for $257 million. A government inquiry in November ruled that 2010 transaction illegal.

Chikwanda also said Zambia would rebase the kwacha currency by lopping off three zeros, a move that should make it easier for foreign investors to participate in the economy,

“The rebasing had to be done when all the fundamentals like inflation and GDP growth were right and we think they are now right,” Chikwanda said.

Currency rebasing usually does not change the exchange value of the currency and is introduced to make commercial calculations easier.

The rebasing might be kwacha positive “to the extent that it is a continued commitment to low, and stable inflation”, said Razia Khan, head of Africa research at Standard Chartered.

The kwacha was last trading at 5,120 against the dollar from 5,123 at the end of last week.

Government would also raise commercial banks’ capital requirements to 104 billion kwacha, and 250 billion kwacha for foreign commercial banks from 12 billion kwacha to make them more resilient to economic shocks.

“The measure to raise the minimum capital is intended to mobilise additional resources to enable banks participate more effectively in growing the economy by increasing credit available to the private sector,” Chikwanda said.

[Reuters]