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FRA directed to offload 1m tonnes maize

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Last year's Maize from the bumper harvest in Kapiri Mposhi
File: A maize Storage facility in Kapiri Mposhi

THE Food Reserve Agency (FRA) has been allowed to sell a million tonnes of maize at a reduced price to ensure that excess maize does not go to waste.
Minister of Agriculture and Livestock Emmanuel Chenda said the excess maize was accumulated over the last three years when the country experienced successive bumper harvests.

“As you may be aware, the country has had three successive bumper harvests starting from the 2008/09 season. Over the years, the capacity of the FRA to secure markets for the huge maize surplus has been over-stretched,” he said.

He said due to the urgency of the situation, Government has allowed the FRA to sell 1,067,000 tonnes of maize at a much reduced price of from US$170 to US$180 per metric tonne to a range of US$135 to US$170 per metric tonne depending on the location of the maize.

“At this lower price range being recommended now, Zambian maize will be competitive within the SADC and COMESA regions. The southern African regional commodity exchange (SAFEX) is currently quoting maize at a range of US$296.64 to US$298.51 per metric tonne,” Mr Chenda said.

He said as at October 14, 2011, the total maize stocks under the custody of the FRA were 1,927,912 tonnes valued at K2.506 trillion.

Mr Chenda said the FRA also has 300,000 metric tonnes already secured as strategic food reserves by the FRA, which are sufficient for national consumption needs for three months at a monthly rate of 80,000 tonnes including provisions for unforeseen demands.

Zambia consumes about 960,000 metric tonnes of maize per year.

He said to ensure that maize does not go to waste, Government transported the commodity to secured storage facilities, and where this has not been possible, to cover all the remaining maize to secure it from the imminent rains in most rural depots with unsuitable storage facilities.

“Government has further partitioned the market for the surplus maize into four segments, each with a competitive price, that can be relied upon to quickly boost the demand for the commodity,” Mr Chenda said.

He said localised community sales in most districts have been allocated the most grain with 10,000 tonnes while exporters, mostly grain traders, will get 600,000 metric tonnes.

“The category of millers, stock-feed manufacturers and other processors has been allocated 432,000 tonnes while the disaster management and mitigation unit has been given up to 25,000 tonnes,” he said.

[Zambia Daily Mail]

Zambezi Airlines suspension to deprive Zambians – ZACCI

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Zambezi Airlines chairman Maurice Jangulo
Zambezi Airlines chairman Maurice Jangulo

THE Zambia Association of Chambers of Commerce and Industry (ZACCI) has bemoaned the suspension of Zambezi Airlines and called on the airline to quickly put its house in order and re-apply for an operating licence.

In an interview, ZACCI president Geoffrey Sakulanda said the suspension of Zambezi Airlines will deprive Zambians of an airline that offered low rates to business travellers.

Mr Sakulanda said the airline has contributed to the creation of jobs and tax contribution to Government despite the money it owes National Airport Corporation Limited (NACL).

Zambezi Airlines owes NACL K10 billion.

He said the suspension of the airline will not just affect travellers but also the different suppliers that did business with it. He said globally all international airlines are facing problems and are surviving because of the support from their respective governments.

“Clearly, running a business is very expensive, it is unfortunate that this has happened to Zambezi Airlines. The challenge must have been accessing funds in Zambia and borrowing externally is difficult,” he said.

Mr Sakulanda said the best way to sustain the operations of local airlines is either through partnership with international airline brands or Government pumping in money to save them from collapse.

He cited South African Airways, Ethiopian Airlines and British Airways as some of the airline that are supported through public funds. “You cannot finance an airline from own resources, it’s expensive and given the number of travellers in Zambia, airlines sometimes just burn fuel. It’s impossible,” he said.

Meanwhile, a check at the Zambezi Airline offices at Kenneth Kaunda International airport found workers locked up in a meeting with the airline’s chief executive officer Maureen Dlamini.

And Ms Dlamini said she could not talk to journalists because the airline chairman Maurice Jangulo had earlier issued a statement. She said the meeting was not open to the media.

“I can not talk to you, the chairman issued a statement on ZNBC (Zambia National Broadcasting Corporation) news last night (Sunday) and we will maintain that statement,” she said.

Some workers who sought anonymity said management has assured them that, their jobs are secured as management engage Government on the way forward.

On Sunday, Dr Jangulo told ZNBC that Zambezi Airline has learnt with shock about Government’s decision to suspend its air operating certificate but is working round the clock to ensure that its licence is re-installed.

Government over the weekend suspended Zambezi Airline operator certificate citing serious safety concerns and that it will soon institute a tribunal to make inquiries on the airline’s operations.

Meanwhile a passenger, Violet Nakamba who was supposed to fly to Harare this morning, described the services of the airline as pathetic. “I was supposed to fly to Harare for a meeting which starts tomorrow (today) but I have been inconvienced. I will fly via South Africa and it will take me four hours to Harare instead of one hour,” he said.

Ms Nakamba said it is sad that many Zambian do not support local industries and products due the poor services and standards.

[Zambia Daily Mail]

Guy Scott lures Australian Investors

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Republican Vice President Guy Scott

VICE-PRESIDENT Guy Scott has encouraged Australian business houses to consider investing in Zambia’s various sectors of the economy and help Government create more employment opportunities for Zambians.

Dr Scott said foreign investors are welcome to Zambia but quickly warned them against exploiting local people. He said there is massive investment potential in various sectors in Zambia which foreign investors can exploit.

Dr Scott was speaking in Perth when he met business people drawn from various sectors. He said it is important for investors to clearly understand that the Patriotic Front government will not allow investors who exploit Zambian workers.

And Minister of Commerce Bob Sichinga said Zambia has a stable political, economic and legal system in which foreign business investment can thrive.
Mr Sichinga said the country has a thriving private sector environment, a stable macro-economic situation and an unlimited repatriation of proceeds from companies.

He said Government will work towards improving infrastructure to support these investment opportunities.

Meanwhile, Australian High Commissioner to Zambia Matthew Neuhaus, who is, however, based in Zimbabwe, expressed satisfaction at Zambia’s business environment saying the country has good policies.

The Vice-President, Mr Sichinga, Foreign Affairs Minister Chishimba Kambwili and Labour, Youth and Sports Minister Fackson Shamenda were in Australia to attend the 2011 Commonwealth Heads of Government meeting which has since closed.

ZANIS

‘Broke’ MMD can’t hold national convention – Nyangu

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MMD Deputy National secretary Chembe Nyangu

BARELY a month after the MMD lavished the Zambian electorate with an expensive campaign involving branded T-shirts, chitenge materials, vehicles and bicycles, the former ruling party now says it has no money to hold a convention to elect its president, Rupiah Banda’s successor.

MMD deputy national secretary Chembe Nyangu says the former ruling party has no money right now to hold an extraordinary convention to elect a party president.

But MMD Copperbelt provincial chairman Joseph Chilambwe has insisted that the party should find money to hold a ‘mini-convention’ to ensure that the majority members participate in choosing Mr Banda’s successor.

Mr Nyangu said the MMD will use the current practice in which the party’s national executive committee nominates a leader to act as party president before the next convention is held.

“We have just come out of elections and we only held our national convention in April this year. In the absence of resources, we will use the practice of allowing the national executive committee to elect a leader in an acting capacity in between conventions,” Mr Nyangu said.

[pullquote]“There has been no written application except for Mr Moses Muteteka (Chisamba member of Parliament), who has come out clearly that he wants to stand,” Mr Nyangu said[/pullquote]

He said MMD members should be mindful of the cost implications of an extraordinary convention and allow its NEC to nominate a leader in an acting capacity until the party secures funding to hold a national convention to elect Mr Banda’s successor.

Mr Nyangu said members should understand that the MMD needs to re-organise but cannot do so without transport as the police have seized its vehicles. He said the NEC has in the past nominated leaders to act as party presidents in between national conventions in accordance with the MMD constitution.
Mr Nyangu said the MMD did so in 2002 when Levy Mwanawasa took over from Dr Frederick Chiluba and in 2008 when Mr Banda was nominated acting party president after Dr Mwanawasa’s death.

“Without resources, they will have to do with the current practice,” Mr Nyangu said.

But Mr Chilambwe said money should be found to ensure the majority members participate in choosing Mr Banda’s successor. “The issue of money should not bar us from using a broad-based approach to elect our leader and that is why we as leaders should find means to do that,” Mr Chilambwe said.

He said the MMD started consulting its structures on the Copperbelt on the leader they want to take over from Mr Banda because it wants all members to participate in the process.

Meanwhile, Mr Nyangu says the MMD has not yet received any applications from members wishing to contest the party presidency. “There has been no written application except for Mr Moses Muteteka (Chisamba member of Parliament), who has come out clearly that he wants to stand,” Mr Nyangu said. He said all members in good standing are free to apply for the position of acting party president before the November 9, 2011 deadline.

BRE aggrieved by continued abrogation

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File: National Constitutional Conference chairman Chifumu Banda receives a submission from a Barotse Royal Establishment representative in Lusaka

The Barotse Royal Establishment(BRE) has said that it is aggrieved by the continued abrogation of the Barotseland Agreement of 1964. The BRE has said that it is behind the wishes of the people of Barotseland over the Barotseland Agreement of 1964.

The BRE made the submissions through Induna Mayuni and Induna Namando to the Rodger Chongwe led Commission of Inquiry in Mongu Monday morning.

Induna Mayuni said that the BRE has engaged the central government over the Barotseland Agreement but without tangible results since 1969. He said that the BRE now wants the voice of the people of Barotseland to be heard and respected.

And Induan Namakando has said that the BRE will soon call for a national council where the all leadership of the Barotseland will make submissions on the Barotseland agreement whose resolutions will be forwarded to the Central government.

And in responding to the submissions, Commission Chairperson Rodger Chongwe said that it was clear from the BRE’s submission that it is not the Litunga and the BRE that let the people down but the Central Government.

The Commission has moved its sittings from Mongu to Limulunga.

ZNBC

The Copperbelt Has Made Me A better Coach, Keagan Mumba

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Konkola Blades coach Keagan Mumba has admitted that he has become a better coach after taking charge of a Copperbelt club.

Mumba made his Copperbelt coaching debut when joined Blades at the start of this season from defunct Choma Eagles.

Blades is currently 4th and in a top five battle for runner-up spot with two games to go before the season ends.

Furthermore, Blades are in the Barclays Cup final, the Chililabombwe clubs first appearance in a cup final since 2003.

“For me I was not a complete coach that why I said I want to go and work on the Copperbelt there is something I thought I was missing,” Mumba said.

“Midlands and Copperbelt football is different. I can’t reveal that secret because I would be selling myself.

“I have been exposed to competitive football, real game situations. There is more to it there (On the Copperbelt) than that meets the eye.”

Meanwhile, Mumba said he was also happy to see promoted Konkola Mine Police become the second Chililabombwe club in the Faz Super Division starting next year.

“They train with us and I am happy that we have been part of their success and am also happy now that Chililabombwe has two teams in the top flight,”  Mumba said who has coached City of Lusaka and Green Buffaloes include Zimbabwean giants Dynamos.

Weekend Scorecard: Mayuka on Fire

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21 year old striker Emmanuel Mayuka stock in Switzerland is rising after entering double digits on the top scorer’s charts in the Swiss league for his club Young Boys over the weekend.

The former Kabwe Warriors striker scored a brace on Sunday for BSC Young Boys in a 4-1 home demolition of visiting bottom placed club Lausanne Sports.

Mayuka who started and finished the game scored Young Boys opening and final goals in the in the 22st and 79th minutes respectively.

Mayuka is now second on the Swiss top scorers list with 11 goals from 14 competitive games and is one behind Swiss international striker Alex Frei of FC Basel.

WEEKEND SCORECARD

2011 Barclays Cup Semifinals
29/10/2011

Nkoloma Stadium, Lusaka

Power Dynamos 2(Luka Lungu 42″, Simon Bwalya 57″)-Red Arrows 0

Konkola Blades 2(Graven Chitalu 11″, Elson Mkandawire 63″)-Nkana 1(Reynold Kampamba 40″)

MTN/FAZ Super Division Week 29

29/10/2011

Kalewa 0-Roan United 0

30/10/2011

Zesco United 0-Nchanga Rangers 1(Bonwell Mwape 23″)

05/11/2011
Nkana-Lime Hotspurs
Zanaco-Power Dynamos
Nkwazi-Red Arrows
Forest Rangers-Konkola Blades
Kalewa 0-Roan United 0
Kabwe Warriors-Nakambala Leopards
Green Eagles-Green Buffaloes

TOP SCORERS
30/10/2011

Evans Kangwa (Nkana) 16

Luka Lungu (Power Dynamos): 11
Dube Phiri (Red Arrows): 11
Lottie Phiri (Power Dynamos): 11

Alfred Luputa (Zesco United):10
Nasha Kaya (Forest Rangers): 10

Reynold Kampamba (Nkana): 9

Zebron Njobvu (Forest Rangers): 8
Winston Kalengo (Zesco United): 8
Felix Nyaende (Power Dynamos):8
Elson Mkandawire (Konkola Blades):8
Moses Phiri (Zanaco): 8

FAZ Division One Week 33

29-30/10/2011

North

Chambishi 1-Nkwiza 1
Lusaka Dynamos 2-Zesco Luapula 0
Mufulira Police 0-Kalulushi Modern Stars 0
Bresmer United 1-Mufulira Wanderers 0
Mufulira Blackpool 0-Konkola Mine Police 1
Chindwin Sentries 4-Luanshya United 0
Kabwe United 0-Prison Leopards 0
Indeni 1-Mining Rangers 0
Kitwe United 0-Ndola United 0
South
Big Roma 3- Freedom Rangers 2
Petauke United 1-Paramilitarty 1
Nampundwe 1-Mazabuka United 1
Young Green Eagles 0-Livingstone Pirates 0
Kalomo Jetters 1-Kafue Celtic 2
City of Lusaka 4-Lusaka Tigers 1
Riflemen 1-Lusaka City Council 0
Senanga Leopards 0-Profund Warriors 3
National Assembly 3-Luena Buffaloes 1

Emotions rise in Mongu

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File:Some of the Mongu residents who marched to the Provincial administration offices to register their disapproval of treatment of their relatives who were arrested after the January 14 riots in Mongu

EMOTIONS were high yesterday during the ongoing sittings of the commission on the January 14th Mongu fracas as a witness recounted how he was arrested and lamented the alleged oppression of the people of Western Province.

And vice-chairperson of the commission, Willa Mung’omba has said President Michael Sata constituted the inquiry so that people of Western Province could speak out on issues that they had “bottled up” for a long time.“[pullquote]We contributed to putting President Michael Sata in that high throne, the people of Barotseland want self rule. We have lived in this land since 1600. We want President Sata to set Barotseland free. “How can we survive in a country where we are oppressed,[/pullquote]”

Muyangana Muyangana, 42, of Mulambwa Township, who was detained over the January 14 fracas, broke down as he told the commission that the people of Western Province had been oppressed by the previous administration.

This led to men and women breaking down and forced the chairperson of the commission, Rodger Chongwe to call for a break.

“We contributed to putting President Michael Sata in that high throne, the people of Barotseland want self rule. We have lived in this land since 1600. We want President Sata to set Barotseland free. “How can we survive in a country where we are oppressed,” he said as he broke down in tears.

Mr Muyangana, who is a businessman and a peasant farmer, said he was still living fear and that he was not even sleeping in his own house because he was afraid that the police could arrest him. He told the commission that the police acted unprofessionally during the January 14 Mongu fracas.

He said the Government should compensate all the people that had been detained and the families of the people whose lives were lost during the fracas. He also told the commission that former president Rupiah Banda, former minister of Home Affairs Mkhondo Lungu and the police command should be made to account for their actions over the Mongu fracas.

“All these people should be brought to book,” he said. Meanwhile, Mr Mung’omba said President Sata had constituted the inquiry to give an opportunity to the people of the province to speak out on issues that had been bottled up for a long time. “The reason why President Sata put the commission together was precisely that people should express themselves,” he said.

He said the January 14 incident was just a result of the underlying issues that had been bottled up for a long time. Mr Mung’omba said the result of the commission would depend on the submissions that the people were making.

Senior Chief Bright Nalubamba, one of the commissioners said the failure by the previous administrations to listen to the people was the cause of the problems in Western Province. He said the previous administration just wanted to be told what they wanted to hear and not the people’s wishes.

“Over the years this issue has been building up. We have been sent by an open administration and they want us to tell nothing but the truth. The president is prepared to listen and he is going to make a difference,” he said.

The traditional leader said President Sata should be commended for the things he had done during the first few days of his presidency because he meant well for the country. “After receiving recommendations from the commission his (President Sata) Cabinet will resolve the issue of the Barotseland Agreement once and for all,” he said.

Meanwhile, the commission yesterday observed a moment of silence in honour of the late Catholic priest Miha Drevensk and former Mongu Diocese bishop, Paul Duffy. Dr Chongwe said Father Miha had a heart for the people of Zambia and was a human rights activist. He said Fr Miha was an exceptional priest who stood for what he believed in. Dr Chongwe said like Fr Miha, Bishop Duffy stood for what he believed in.

He said both Fr Miha and Bishop Duffy spoke for the voiceless. Hearing continues today as the commission relocates to Limulunga.

[Zambia Daily Mail]

Opposition will now support bill – Mutati

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Felix Mutati
Felix Mutati

Opposition Parliamentary Chief Whip Felix Mutati says the opposition will support the motion of the Public Accounts Committee following the appointment of the Secretary to the Treasury.

Mr. Mutati says President Michael Sata’s appointment of the Secretary to the Treasury is welcome as it complies with the conditions in the Public Finance act.

Mr. Mutati was speaking with ZNBC news in an interview in Lusaka.

He says the Secretary to the Treasury is very important as he is the controlling officer within government.

President Sata last week swore in Fredson Yamba as Secretary to the Treasury.

President Sata had threatened to dissolve Parliament if opposition political parties in the house continued to frustrate government efforts.

[ZNBC]

Former Presidents should form a union – T.B Joshua

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The General Overseer of The Synagogue, Church Of All Nations, Ikotun-Egbe, Lagos, Nigeria, T.B. Joshua has attributed the backwardness of the African Continent to the dearth of consultants and elder statesmen.

Lamenting the situation, T.B. Joshua said that former presidents of the African Continent should, by virtue of their experience and wisdom, become fathers to all political parties, corporate societies,the business class and individuals alike instead of attaching themselves to particular political parties or ethnic groups.[pullquote]the crises in Libya, Egypt, Cote d’Ivoire,Tunisia and other countries could have been averted or minimized if ex-leaders had come together to form a union to curb the excesses of any current leader[/pullquote]

This is contained in a press statement released by The Synagogue Church Of All Nations.

The world acclaimed faith healer and philanthropist said each time incumbent presidents in any African country look around for advice, they are disappointed because those they should look up to are busy fighting for one political group, ethnic nationality or another.

T.B. Joshua advised that whenever an incumbent is leaving the seat of power, he should tell the whole world that henceforth, he is no more a member of any political party or group but father of the whole nation as an ex-president.

“As one who has been there, he is in the best position to tell the incumbent and other groups alike what they should do to succeed, since experience is the best teacher”.
As a former president, he is well placed to serve as a consultant to all these groups. Others will look up to him for counsel to avoid pitfalls in
the pursuit of success. In this way, he will bring harmony,cooperation and prosperity to the continent. The peace the continent requires for progress in all fields of endeavour will become a reality as a result. He urged ex-presidents and heads of state to come together and form a union which current leaders can look up to for direction.

This will serve as a beacon of hope and force of unity for the continent in general and the various countries in particular. The union will also ensure that current presidents have access to it and its pool of rich experience for better governance.

T.B. Joshua declared that the crises in Libya, Egypt, Cote d’Ivoire,Tunisia and other countries could have been averted or minimized if ex-leaders had come together to form a union to curb the excesses of any current leader. He therefore calls for the urgency of this union for the good of the entire continent.

Government suspends Zambezi Airline Air operating certificate.

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Zambezi Airlines Boeing 737-500 aircraft

Zambezi Airline has said that it has learnt with shock government’s decision to suspend its Air operating certificate. Government over the weekend suspended Zambezi Airlines operator certificate citing serious safety concerns.

Ministry of Transport, Works, Supply and Communication Permanent Secretary Dominic Sichinga who announced the suspension says that government will soon institute a tribunal to make inquiries on the airlines operations.

But Zambezi Airlines Chairman, Maurice Jangulo says the Airline adheres to safety and aviation regulations relating to aircraft maintenance.

Dr Jangulo says all its aircrafts are maintained and certified by a South Africa, company, Jetworx.

Dr Jangulo says the airline is working round the clock to ensure that its license is re-installed.

He was speaking to ZNBC News in Lusaka on Sunday.

Efforts to get a comment from the Mr Sichinga to react to Zambezi Airlines statement failed as his phone was unreachable by press time.

Last week at least 50 Zambezi Airline passengers were stranded in Lusaka after their scheduled flights to several destinations were cancelled. Among the affected passengers are those who were supposed to fly to Tanzania, South Africa and the Democratic Republic of Congo.

The cancellation followed Zambezi Airline’s failure to secure alternative aircraft as the company’s own planes were grounded. A check at one of the named lodges in Lusaka found several of the passengers, whose flights had been canceled booked there.

The stranded passengers said that Zambezi Airline had allegedly failed to find alternative planes. However, Zambezi Airways was able to charter a plane to carry passengers , who were stranded in Lusaka for 3 days, to various destinations.

Yesterday, passengers were stranded at Harry Mwaanga Nkumbula Airport in Livingstone following the suspension of Zambezi Airlines’ aviation license. A check at the airport found at least 40 passengers, en route to South Africa, in a state of panic.

And one of the passengers, Pessie’ Van Clove expressed disappointment over the development further advising the airline to improve its communication strategy.

A check at the Zambezi Airlines office at the airport found the place locked.

Government yesterday suspended Zambezi Airlines from operating on reasons of failing to adhere to safety and schedule regulations as required in the aviation sector

ZNBC

 

Firm invests K300m to build 60 dry toilets

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THE Global Dry Toilet Association of Finland has pumped K300 million in Lusaka’s Madimba area in Matero to build over 60 dry toilets. The project is aimed at improving the poor sanitation in the area and increase the use of toilet waste as fertiliser.It also targets to educate the people on hygiene issues.

Solid waste/ sanitary specialist Danny Choba said the principle of dry toilets is to conserve water and promote the use of ground water. A dry toilet does not need water to function. They are simple pit latrines or ventilated improved pit latrines that can be covered when full or emptied for re-use after a period of stabilisation.

Ecological dry toilets are a special type of dry toilets that separate urine and human waste. Mr Choba said the association’s objective is to protect the world’s waters and promote the implementation of natural nutritional cycle.

The association’s vision is to make dry toilets an essential part of sustainable development, thus securing clean waters and a healthy environment for future generations.
He said a study was conducted in 2008 by UNICEF that revealed that Lusaka’s ground water is highly polluted as a result of pit latrines.

The study recommended that ecological sanitation technologies such as dry toilet are an option to prevent ground water pollution. “Only 30 percent of Lusaka’s population is connected to conventional central line sewerage systems while 70 percent use pit latrines or soaker ways. This has resulted in ground water being contaminated with people being affected by water borne diseases,” he said.

Mr Choba said with increased population and development in Lusaka, the city is faced with the challenge of clean water. “Why should we continue to transport human waste using clean water, the use of dry toilet is one solution that can address our problem? The dry toilets can serve towards hygienic toilet culture, also increase the use of toilet waste as fertiliser and improve farming conditions,” he said.

He said the dry toilet technology was also introduced in Siavonga, in a village called Mavulele by Harvest Help Zambia with the support from Water Aid to improve on sanitation.

He said apart from improved sanitation, the project has also increased the use of toilet waste as fertiliser to improve farming conditions in the area. Mr Choba cited Sweden and Finland where the project of dry toilet has been used effectively to address challenges of clean water.

[Zambia Daily Mail]

Banks told to lower Interests rates as FNB launches vehicles and equipment finance in Zambia

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GOVERNMENT has reiterated the need for commercial banks to provide affordable lending by lowering interest rates. Commerce, Trade and Industry deputy minister Keith Mukata said high interest rates in the country have prevented people from accessing capital for various economic activities.

Mr Mukata said this when First National Bank (FNB) launched a vehicle and asset finance product that seeks to finance acquisition of new and used vehicles and equipment.
He said commercial banks should innovate products that meet customers’ needs and spur economic development.

Mr Mukata said the launch of vehicle and asset finance by FNB will encourage long term financing for purchase of equipment in various sectors and unlock opportunities in commerce, trade and industry.

“Financing motor vehicles and assets in the commercial and industrial sectors represents the largest portion of capital investment outlay of any business. It is often the most painful part of the creation of business sustainability because of the huge costs involved,” he said.

Mr Mukata said FNB should also use the product to support small and medium-scale enterprises that are the largest source of employment and yet face a lot of challenges. And FNB Zambia chief executive officer Sarel Van Zyl admitted that high interest rates remain a huge challenge in the country saying commercial banks are working closely with Government and Bank of Zambia to reduce the cost of borrowing.

Mr Van Zyl said the bank is committed to provide long term wealth for all stakeholders through affordable finance. He said the bank’s interest rates currently stand at 17 percent, two points lower than the prevailing rate on the market but is committed to reduce the rates further.

“FNB’s aim is to unlock opportunities that create sustainable wealth for all stakeholders…we want to reduce the cost of borrowing,” he said. Mr Van Zyl said despite the reversal in the acquisition of Finance Bank recently, the bank will remain committed to expand its network in the country.

Meanwhile,Investrust Bank has answered Government’s call for lower Kwacha base lending rate by reducing it from 20 percent to 16 percent per year.
This measure is with effect from tomorrow (November 1, 2011).

Investrust Bank managing director Friday Ndhlovu said the reduction follows numerous appeals and complaints from customers and other stakeholders over the high interest rates prevailing in the country.

Mr Ndhlovu said in a statement issued in Lusaka yesterday that the reduction relates to facilities to be granted after October 31. “The bank took advantage of the strategic planning workshop held last week to discuss this very important subject and after a careful review of the various factors that we always take into account when determining interest rates, we found it necessary to review our base rate downwards,” he said.

Mr Ndhlovu said the bank reviewed its cost structure to ensure it optimises its operating costs and enhance the level of efficiency for the bank to be able to afford such significant reduction.

“The move is aimed at supporting Government’s desire for a vibrant local economy and we are hopeful that with the reduced cost of borrowing, as many businesses as possible will be able to access affordable credit to grow their businesses,” he said.

Mr Ndhlovu said as a local bank, its passion is for a flourishing local private sector and will remain committed to supporting efforts aimed at having a vibrant local economy.

[Zambia Daily Mail]

Sata mourns Fr Miha

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MISSION Press director Father Miha Drevensek
The Late MISSION Press director Father Miha Drevensek

PRESIDENT Sata has sent his message of condolences to the Catholic Church over the death of Mission Press director Father Miha Drevensek. President Sata expressed his condolences to Catholic Cardinal, Merdado Mazombwe, during a thanks giving mass at St Ignatius Parish yesterday.

“Fr Miha was a courageous and devoted priest who always stood on the side of the poor and the disempowered in society,” Mr Sata said. And in a statement issued by special assistant to the president for press and public relations, George Chellah, President Sata said Fr Miha was a courageous and devoted priest who passionately defended media freedom and promoted social justice.

“His was an illustrious ministry for the poor and vulnerable in our society. Fr Miha distinguished himself with exemplary humility as he championed progressive ideas,” he said.

Mr Sata said he will also remember Fr Miha’s great contribution to the identification of talent among youth and promotions of arts in the country.
And a cross section of society has described as a great loss the death of Fr Miha who is among people who championed the fight for freedom of the press and good governance in Zambia.

Fr Miha, 65, died on Saturday from a heart problem at Ndola’s Miramar Private Hospital where he was rushed for medical attention.
Press Association of Zambia (PAZA) president Andrew Sakala said in an interview in Lusaka yesterday that Fr Miha was a champion of freedom of the press and he struggled to ensure the media operated independently.

“Fr Miha’s death is a very sad occasion. It is very sad we have lost a frank and honesty person who fought for the freedom of the media,” Mr Sakala said. He said Fr Miha served people with humility as he carried himself as a servant of the people, regardless of their religion, tribe and political affiliation.

Zambia Union of Journalists (ZUJ) general secretary Angela Chishimba said Fr Miha will be remembered for his relentless efforts to ensure there is freedom of the press.
Ms Chishimba said the media fraternity will miss Fr Miha for his contribution to the struggle for an independent media.

Zambia Episcopal Conference (ZEC) spokesperson Paul Samasumo said Fr Miha’s death has robbed Zambia of a great leader. “ZEC received the death of Fr Miha with a sense of shock. It is a great loss to the Church and all Zambians,” Fr Samasumo said.

He said Fr Miha will be greatly missed for his contribution to the wellbeing of Zambians regardless of their religion. Foundation for Democratic Process (FODEP) executive director Macdonald Chipenzi said Zambia has lost an icon of peace, democracy and media freedom.

Mr Chipenzi said Fr Miha was an ardent supporter, lobbyist and champion of good governance and media freedom. “We have lost a gallant son of Zambia and we will greatly miss him. We wish to convey our condolences to the Catholic Church and his family.

Citizens Forum executive director Simon Kabanda said his organisation is deeply saddened by Fr Miha’s death. Mr Kabanda said Fr Miha was a fearless person, who spoke on behalf of the poor and his prophetic voice was felt by everyone. He said Fr Miha was a true reflection of the church in the modern world and was a strong good governance advocate in Zambia.

[Zambia Daily Mail]

Ex-sex worker wins K90m in Ready for Marriage show

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The Contestants
The Contestants

A 16-WEEK journey in the Muvi Television reality show, Ready for Marriage Extraordinary, came to an end on Saturday night with the calm and collected Precious Amukusana getting the K90 million prize money.

The reality entered Season Three in July this year featuring 18 prostitutes or commercial sex workers drawn from all the nine provinces of Zambia. Amukusana beat five other contestants with the ever joyful Mwamba Hangolo tight on her heels, collecting K70 million for being in second position. In third position was Muleya Munkombwe who pocketed K50 million.

Dramatically, both Muleya and Mwamba were initially rejected and eliminated but were brought back in the redemption vote.

Controversial contestant Jane Mutale, who was always enjoying the top slot found herself on a not-winning position, occupying the fourth position while both Precious Kawinga and Sandra Muyaba who seemingly showed good character on the screen, surprisingly got the fifth and six position respectively.

Amukusana said she was just happy to reach the finals, and owed it to God and the viewers who kept her in the competition, which is the brain child of late Muvi Tv director of programmes Augustine Lungu.
“Initially, I came for a competition but today, I’ve been turned in a real woman, I will never get back to the old life,” she said. And two contestants who were not in the finals, Tina Lusangu and Ester Phiri, were granted wedding sponsorship by Muvi TV.

Master Chimbala, who took over the presentation of the programme which is in third season from Mr Lungu said the two plan to get married in November. He said Tina will be given a wedding dress while the groom will have the suit.

The other contestants were Flavia Wakunguma, Sharon Phiri, Esnart Mwanza, Standwa Kaonga, Oxcilia Nkoloma, Alice Muyuni, Isabel Mwansa, Precious Kawinga, Conslater Mwaka, Anna Shumba and Jacklyne Kachingwe.

And speaking during the function, Minister of Local Government, Early Childhood and Environmental Protection Nkandu Luo said time has come for people to change their ways of earning a livelihood. She said women who are into prostitution should take a leaf from those who came out in broad day light to denounce the practice.

At the end of the show, Mr Chimbala paid tribute to the Mr Lungu for being behind the programme. Mr Lungu was a National Arts Council of Zambia (NAC) Ngoma Award-winning actor who also served as Lusaka Theatre Club chairman besides being a gifted television presenter.

[Zambia Daily Mail]