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Ferrying of Cadres is self deception- Hanseluka

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RB's MMD Campaign vehicle
RB's MMD Campaign vehicle

United Party for National Development (UPND) says the ferrying of party cadres from district to district by the ruling MMD is self deception of being popular in Southern Province.

UPND Southern Province General Secretary Mayaba Hanseluka was speaking in an interview this monring.

Mr. Hanseluka said ferrying of MMD cadres whenever President Banda goes in Southern Province is as much self deception by the MMD in the same way the PF’s Post Newspaper magnifies crowds at Mr Micheal Sata’s rallies which he described as a ‘fools paradise.

”President Banda and the MMD are ferrying cadres from district to district in the province claiming that they are popular but let me tell you that these cadres are from all the eleven districts of Southern Porvince and not Monze as claimed by the MMD”, said Hanseluka.

”This is self deception by President Banda and his MMD thinking that they are popular here.Its the same way the POST is portraying the PF to be popular by magnifying their crowds during rallies but come next tuesday, you will be shocked what the people of Zambiaa will do for their country”, added Hanseluka.

He claimed that the MMD has, in their panic stricken state, introduced a new dimension to corruption by dishing out mealie-meal,sugar, cooking oil among others to to voters after checking their voter’s cards.

The UPND Provincial General Secretary, however alleged that MMD’s outdated tactics will not work claiming that the real change wind is unstoppable world-over as can be seen in Middle-East and North Africa.

”Only those who have never worked with Sata who the Post painfully and shamefully want to make Zambians believe is the saviour of the people when the same paper which claims to dig deeper continues covering up hackings and arming of Kadobis in the Chawama bye-election when he was MMD National Secretary, so for us in the UPND, Sata and William Banda are the same”, Hanseluka said.

MMD lawyers demand K6bn from Wynter Kabimba

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Patriotic Front Secretary General Wynter Kabimba
Patriotic Front Secretary General Wynter Kabimba

LAWYERS representing the MMD have demanded payment of K6.475 billion from Patriotic Front (PF) secretary general Wynter Kabimba as costs after the Lusaka High Court dismissed a matter in which he sought to restrain the MMD from distributing its campaign materials.

According to a letter dated September 14, from SBN Legal Practitioners representing the MMD and addressed to AMC Legal Practitioners and Ellis and Company, who represented Mr Kabimba, the lawyers were demanding payment of the amount within seven days.

The lawyers represented the MMD, through its national secretary Richard Kachingwe, as third defendants in a case they were jointly charged with the Zambia Revenue Authority (ZRA) and the Attorney General as first and second defendants respectively.

The letter stated that the lawyers were demanding payment of K6.475 billion from Mr Kabimba, who had sued in his capacity as the PF’s secretary general, following the dismissal of the case by the High Court and order to pay costs.

“Please note that while we appreciate that the case was determined and has ended at a preliminary stage, there is an undeniable fact that the level of responsibility and care required and involved was very high,” the letter reads in part.

The letter also states that the case required a considerable amount of legal skills to be applied and that the fee earners in the case were two former solicitors general, Patrick Mvunga and Sunday Nkonde, former Justice minister Eric Silwamba and two assistant advocates Lubinda Linyama and Bwalya Mubanga.

Meanwhile, some Lusaka-based lawyers have questioned Mr Kabimba’s credibility as a lawyer following his string of failed legal suits against the MMD. Welcoming a Lusaka court’s dismissal of an injunction by PF, which was filed by Mr Kabimba, to restrain the MMD from distributing campaign materials, Hobday Kabwe said yesterday the PF secretary general should have known from the beginning that the matter was frivolous.

Mr Kabwe described the action by the PF to drag the MMD and ZRA to court as a sheer waste of time and resources. He said the whole process was of no benefit to the PF and MMD.

He wondered why PF leaders decided to waste time instead of channelling their energies and resources to campaigns considering that time was not on their side. Mr Kabwe said it was surprising that Mr Kabimba, who was a senior lawyer, could allow the matter, like others before it, to reach the courts despite lacking merit. “I mean the whole process was extremely frivolous and of no benefit to both parties. Actually the end was known from the beginning.

“Mr Kabimba should have advised his party officials accordingly but now they will end up paying costs instead of channelling the same monies to campaigns. This is a serious miscalculation,” Mr Kabwe said. State Counsel Sakwiba Sikota from Central Chambers described the action by PF as one which had only worked to deplete the opposition party’s resources.

Mr Sikota said yesterday that the PF should have used the money it was spending on legal suits to buy campaign materials which the party was allegedly struggling to purchase. He said he was surprised that Mr Kabimba found it fit to take such a matter to court before conducting any research so that he could offer correct advice to his party.

Mr Sikota said the PF was using such tactics to sway people’s attention and described them as kicks of a dying horse. He said it was clear that PF had lost popularity and confidence from the people of Zambia.

The Lusaka High Court on Tuesday dismissed an injunction by PF restraining the MMD from distributing campaign materials. That was in a matter in which PF had sued ZRA, the Attorney General and MMD national secretary Richard Kachingwe.

Mr Kabimba, in his capacity as PF secretary general, had sued the ruling party and ZRA for allegedly failing to collect import duty from the party for importation of campaign materials worth about K3.5 billion brought into the country. High Court Judge Florence Lengalenga threw out the injunction restraining the MMD from distributing motor vehicles, bicycles, chitenge materials and T-Shirts until the duty payable was assessed by ZRA and payable by the MMD on grounds that the relief sought was not practical and was unsustainable.

Judge Lengalenga in handing down the judgment stated that she dismissed the PF’s action due to its irregularity and that it was not properly brought before the court.

[Times of Zambia]

ZUFIAW tells FBZ employees not to sign any new contract with FNB

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Federation of Free Trade Unions of Zambia (FFTUZ) president Joyce Nonde-Simukoko
Federation of Free Trade Unions of Zambia (FFTUZ) president Joyce Nonde-Simukoko

The Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) has advised unionized employees of Finance Bank Zambia Limited not to sign any resignation letter and sign new offer of employment with First National Bank Zambia Limited.

ZUFIAW General Secretary Joyce Simukoko tells QFM in a statement that the workers should not sign any contract with FNBZ until his union and the managements of FBZL and FNBZ constitute a bargaining unit that would agree on the terms of termination of employment with Finance Bank Zambia and the new terms of employment offers by First National Bank Zambia.

Mrs Simukoko says ZUFIAW is already in contact with the managements of FNBZ and FBZL on the way forward on the issue.

She has since appealed for calm from all unionized workers.

The Bank of Zambia has sold most of Finance Bank Zambia%u2019s assets to First National Bank of South Africa for K27 billion.

QFM

ECZ praised for coming up with Braille templates

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Universal Printing Group Projects Manager Mr Vik Vaid shows the Blind voting template to be used by blind people during the 2011 Tripartite Elections
Universal Printing Group Projects Manager Mr Vik Vaid shows the Blind voting template to be used by blind people during the 2011 Tripartite Elections

The Zambia Association of the Blind has commended the Electoral Commission of Zambia, (EC) for coming up with braille templates for the presidential ballot papers in next Tuesdays polls.

Association Secretary for Social Affairs Clement Chanda said the move would increase transparency of voting among the visually impaired who have for a long time faced difficulties in the exercise.

In an interview with ZANIS in Kabwe today, Mr. Chanda said brail would be the ultimate alternative and means of restricting people from misleading the visually impaired in polling booths.

“Voting is a very sensitive exercise which makes it difficult to easily entrust someone to vote on your behalf or assist you” he stated.

Mr. Chanda who is also Central Province Disability Focal Point person also appealed to ECZ to further devise a programme aimed at sensitising the visually impaired on how to use the templates correctly.

He further emphasised on the need to create rumps for the wheelchair bound voters.

Mr. Chanda also appealed to the physically challenged persons across the country to turn out en masse and cast their votes in next Tuesday’s polls.

The ECZ has included Braille templates for the visually impaired for presidential ballot papers to enable them participate in the electoral process.

ZANIS

KK’s offfice Refutes Fake Statement claiming KK spoke on the Electoral process and UPG

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Some unknown people are circulating a statement purporting to be from first republican president, Kenneth Kaunda’s office.

In the statement dated 14th September 2011, Dr Kaunda is allegedly appealing to the ECZ to deal with electoral stakeholders’ concerns.

The statement further states that Dr Kaunda has also said peace and stability would only be guaranteed when the ECZ listens to the stakeholders.

Dr Kaunda is also quoted saying the controversy surrounding a named ECZ contractor is one of the grave indictments on the electoral process.

But the office of the first Republican president has said a statement purported to have been issued by Dr Kenneth Kaunda regarding a perceived impasse at the Electoral Commission of Zambia (ECZ) was a forgery.

Chief of staff in the former president’s office, Godwin Mfula said he was not aware of any statement in that regard and described it as bogus. Mr Mfula said in an interview in Lusaka yesterday that it was unfortunate that people bent on causing confusion would come up with such a statement that did not represent the views of Dr Kaunda.

“It is not our statement. I am not aware of that statement. I am the one as chief of staff who prepares statements for Dr Kaunda and I don’t know the motives of the people circulating that statement. “We refute that statement and we are not part of that statement. It’s unfortunate that people can put their thoughts in the mouth of an innocent person,” he said.

The statement was also not on the letterhead of the office of the first republican president, but on a plain paper. Mr Mfula said Dr Kaunda was not In a position to have issued the statement as he has been indisposed.

Mr Mfula said his office only learnt about the statement through a reporter from Yatsani Radio who wanted to obtain more details. He said the language in the statement did not reflect that used by the former president.Mr Mfula said the office would study the matter today to decide the way forward. It is believed that the statement was authored by an editor of a private newspaper.

Below is the refuted Statement in full;
========================================

First Republican President Dr Kenneth Kaunda has said that revelations that Universal Print Group the printers of ballot papers for next week’s election has been involved in acts of corruption with Electoral Commission of Zambia officers is a grave indictment on the electoral process.

In a statement released to QFM today, Dr Kaunda said that this in itself threatened the peace and stability of the country because it undermined the credibility of the electoral process in the eyes of the Zambian people.

Dr Kaunda said that this bred justifiable suspicion of possible collusion and electoral malpractices that may lead to the election result not being accepted by both the losers and the winners.

The first president said that it was therefore in the interest of everyone that the ECZ rose to the challenge and dealt with the complications that have been created by the revelations of the character of UPG to the reasonable satisfaction of all key political players.

He warned that ignoring such a serious problem may prove to be a naive and costly mistake that the country cannot afford.

Dr Kaunda called upon the ECZ, on whose behalf he said had advocated for peace to act in a way that made the preservation of peace possible regardless of the outcome of the elections.

He said this will require that the Electoral Commission of Zambia urgently sits with all key political players, including the church, to ensure that this problem is resolved in the best way possible for the country.

The former president explained that such an approach will ensure that as the country goes to the polls next week, all people will have reason to believe that their concerns have been dealt with.

Dr Kaunda added that the will and interests of the Zambian people prevail without let or hindrance so that Zambia can maintain its historic reputation as an oasis of peace and tranquillity.

He further stated that if his appeal for peace through the media and bill boards is to accompany next week’s elections, the primary requisite is to eradicate the causes or possible causes of dissension among key political players and their supporters.

Warriors Feel The Heat As Demotion Looms

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A state of blame, anger and grief greeted the final whistle at Railway Grounds after Kabwe Warriors suffered their fifth successive league defeat this afternoon.

Warriors lost 1-0 at home in their rescheduled Faz Super Division Week 19 game against fellow strugglers Nkwazi.

The home side dominated the match but poor finishing cost second from bottom Warriors the vital points in this all relegation battle against Nkwazi who climb out of the D-Zone from 14th to 12 positions.

Nkwazi, who have a history of confining big clubs to relegation doom in the past with Nkana and Mufulira Wanderers reference cases, scored the game’s only goal in the 66th minute through Peter Lungu.

Lungu finished off a cross from Sydney Nteke that caught Warriors goalkeeper Kelvin Musonda flatfooted.

And it was Musonda whom a section of Warriors fans turned on at the end of the game with missiles and insults.

A brave Musonda climbed over the fence to confront a bunch of Warriors supporters and a fight ensued but the outnumbered player was rescued from further punishment by his teammates.

Outside, Warriors fans mourned as the prospect of the returning to Division One after over 22 uninterrupted years looks a very distinct possibility.

Prior to the Nkwazi game, Warriors have lost all their last four Super Division matches.

The highlight in that bad patch was a 1-nil away defeat to bottom placed Kalewa in Ndola last Saturday that came on the back of losses to Nkana at home plus away games to Green Eagles and Zanaco.

Warriors trace their last win to August 6 away to Forest Rangers whom they beat 2-1 in Ndola.

TABLE

[standings league_id=18 template=extend logo=false]

All Africa Games: Netball Set For Medal

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All Africa Games
All Africa Games

Netball is about to enjoy a rare share of the spotlight with Zambia poised to collect its first medal at the All Africa games in Maputo.

It has been a very poor All Africa Games in one of Zambia’s displays at the quadrennial event since coming away with one medal at South Africa 1999 with a silver in football.

The Zambia netball team, who recovered from their opening two defeats to win five straight games, are in a battle for silver or bronze with Tanzania locked on 10 points heading into their final round-robin games on Thursday.

Tanzania have also won five and lost two games, one of those defeats a 46-42 loss to Zambia in its first win.

Goal difference separates the teams with second placed Tanzania playing Botswana while third positioned Zambia takes on Ghana while Uganda recorded an unassailable lead and have banked the gold medal.

Whatever the results on Thursday, Zambia will win their first ever medal win in the event that began as a demonstration game at the 1997 Zimbabwe Games.

Furthermore, a medal win should help revive the profile of a once popular schoolgirl pursuit that has slid into almost obscurity.

Meanwhile, Judo, 5000 meters runner Tony Wamulwa and Chess are battling to join Netball on the medals podium as Zambia tries to save a second All Africa Games embarrassment after withdrawing as hosts of the same tournament two years ago.

Ballot papers verification starts, as Magoye parliamentary election is postponed

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The verification of the ballot papers for the September 20th elections has started.

The verification exercise is being conducted at the Lusaka International Airport amid tight security in the presence of district electoral officers and political party representatives.

The process started with the verification of ballot papers for the Western Province.

And Electoral Commission of Zambia Chairperson Justice Ireen Mambilima says the commission has given itself a deadline on which all the ballot papers are expected to be transported to their various destinations.

Justice Mambilima says the ECZ has engaged the Zambia Air force to transport the ballot papers to areas that are not easily accessible by road like parts of the western province and Luano Valley in the Central province.

Meanwhile, the ECZ has postponed the parliamentary elections for Magoye constituency following the death of National Movement for Progress candidate Willie Malambo.

Justice Mambilima says the ECZ has been notified of Mr Malambo’s death and the date for voting in the constituency will be announced after a meeting with stakeholders.

ZNBC

League Takes 10-day Elections Break

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The Zambia league will take a 10-day break after this weekend’s matches ahead of Tuesdays presidential and general elections.

Faz said today that all league games will resume on October 1.

“In view of the presidential and general elections next Tuesday 20 September 2011, FAZ has decided to revise the premier league fixtures in order that the schedule allows the football fraternity to participate in the process of national governance,” Faz communication officer Erick Mwanza said during the weekly press briefing at Football House in Lusaka.

And Mwanza revealed that Zambia will go into camp on October 2 ahead of its final 2012 Africa Cup Group C qualifier against Libya on October 8 at Nchanga Stadium in Chingola.

FAZ Super Division Week 23
17/09/2011
Forest Rangers-Green Eagles
Power Dynamos-Red Arrows
Nkwazi-Nkana
Nakambala Leopards-Green Buffaloes
Zanaco-Kalewa
Nchanga Rangers-Lime Hotspurs
Kabwe Warriors-Konkola Blades
Zesco United-Roan United

Economy performing well – BOZ

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Bank of Zambia
Bank of Zambia

Bank of Zambia deputy governor Austin Mwape says the recent B sovereign rating and the lower middle income status attained by Zambia are an indication that the country’s economy is performing well.

Dr. Mwape says the B rating and reclassification as a lower middle income country therefore requires the central bank and government to continue enhancing the financial system to ensure that it is robust and reaches the unbanked resources.

The deputy governor also notes that the central bank is committed to reducing cash circulating in the economy in order to maintain low inflation rates.

Dr.Mwape was speaking when he officiated at the Airtel money product launch in Lusaka this morning.

Under this service Airtel customers will be able to carry out cash related transactions on their mobile phones which among them include money transfer services as well as purchase of electricity units from ZESCO limited.

At the same occasion, Airtel managing director Fayaz King said the product is meant to satisfy customer needs adding that the Airtel money will be simple to use and secure.

Mr. King said the service will be accessible everywhere provided there is network coverage.

At the same occasion Citibank managing director Joyce Wainaina commended Airtel for coming up with a product that will also cater for the lowest income earners who have limited access to formal financial services.

Mrs. Wainaina adds that Citibank is happy to have partnered with Airtel because mobile payments will contribute to the growth of the financial sector in the country.

QFM

Court dismisses Kabimba case on MMD campaign materials

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PF Secretary General, Wynter Kabimba
PF Secretary General, Wynter Kabimba

THE Lusaka High Court has dismissed with costs a case in which Patriotic Front (PF) secretary-general Wynter Kabimba wanted the court to compel the Zambia Revenue Authority (ZRA) to assess and charge duty payable on all MMD campaign materials.

Mr Kabimba also asked the court to order the Drug Enforcement Commission (DEC) to investigate and disclose the MMD’s source of money used to buy campaign materials.

Lusaka High Court Judge Florence Lengalenga dismissed the case on September 13 for irregularity as it was not properly before court. This was when she ruled on an application by the ZRA, MMD and the Attorney General to raise preliminary issues.

ZRA lawyer Arthur Sike submitted that Mr Kabimba’s action was irregularly before court because he did not follow procedure laid down in section 164 of the Customs and Excise Act, Cap 322 of the Laws of Zambia.

Mr Sike told the court that Mr Kabimba’s failure to give ZRA a one-month notice required by law before commencing the action is an irregularity which cannot be cured by the court through exercise of its discretion or by amendment.

He said such failure warrants the dismissal of the writ of summons and subsequent proceedings.
And the MMD argued through its lawyers Eric Silwamba and Professor Patrick Mvunga that Mr Kabimba lacks the requisite locus standi (legal interest) in its tax affairs and any publication or disclosure of any information concerning the ruling party’s taxes is not allowed by provisions of section 21 of the ZRA Act Cap 321 of the Laws of Zambia.

“The originating process filed by the plaintiff (Mr Kabimba) is irregular, misconceived and an abuse of the court process as it is a veiled attempt at instituting criminal proceedings against the third defendant (MMD) contrary to provisions of section 90 of the Criminal Procedure Code…

“The originating process is an abuse of the court process as it is designed to deprive the third defendant of its right to distribute its election literature and campaign freely and in a fair manner, as provided for by Regulation 5 of the Electoral (Code of Conduct) Regulation 2011, Statutory Instrument number 52 of 2011,” the submissions read in part.

Ruling on the defendants’ application on September 13, Ms Justice Lengalenga said she is satisfied that section 164(1) of the Customs and Excise Act is a mandatory provision which Mr Kabimba cannot avoid by alleging that the piece of legislation is discriminatory and offends Article 23 of the Constitution.

“In the absence of proof of requisite notice having been given or served on the first defendant (ZRA) as provided by section 164 (1) of the Act, I am inclined to agree and I do agree with the defendants’ submission that the irregularity cannot be cured by the court exercising its discretion or by way of amendment,” she said.

Ms Justice Lengalenga said she is satisfied that constitutional issues raised by Mr Kabimba’s lawyer Abraham Mwansa have to be brought to court through a petition, as prescribed by law, and this is supported by precedents of decided cases.

She agreed with Prof Mvunga that the court order Mr Kabimba sought for DEC to investigate and disclose the MMD’s source of campaign funds is not tenable, is unusual and the court has no jurisdiction to order such an investigation.

Ms Justice Lengalenga said such an order can amount to interference in the functions of the DEC.
“Further, since there is no law in existence which requires a political party to disclose its income and source, I accordingly find that there is no cause of action in relation to this relief. As for the relief relating to the injunction sought against the third defendant, I find it unsustainable on account of section 164 (1) of the Customs and Excise Act whose noncompliance by the plaintiff is fatal to the action and warrants its dismissal for irregularity.

“In the circumstances, therefore, and for the reasons stated, I allow the first preliminary issue raised by the first and third defendants in relation to section 164 (1) of the Customs and Excise Act, Cap 322 of the Laws of Zambia and accordingly dismiss the plaintiff’s action for irregularity as it is not properly before this court,” she said.

On Mr Kabimba’s prayer to the court to interpret section 164(1) of the Customs and Excise Act, Ms Justice Lengalenga said there is no need for such interpretation as the Act is clear in its meaning and intention for anyone wishing to sue the ZRA to give a one-month notice.

On his request for the court to strike down section 164 (1) of the Customs and Excise Act for allegedly being unconstitutional, she said there are certain prerequisites that have to be put in place before the court can entertain constitutional arguments.

[Zambia Daily Mail]

Some ballot papers technologically pre-marked by UPG, claims PF

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A folk lifter moves a parlet of ballot papers from the UNIPRINT warehouse on to the truck for transportation to King Shaka Airport

Patriotic Front advisor Bob Sichinga has challenged the ECZ to clear the information that some ballot papers have been technologically pre-marked by the Universal Print Group.

Speaking an interview with QFM from Chama district today, Mr. Sichinga said that the confidence among Zambians to vote is being killed by the ECZ’s conduct.

Mr Sichinga said that the Patriotic Front has always been suspicious with the preparations for next week’s elections because of the manner the ECZ has handled the contract for the printing the ballot papers.

Mr. Sichinga said that the elections should be held in a transparent manner because it is clear that the MMD is living office.

Mr Sichinga also charged that transportation of the ballot papers in two batches compromises the security of the voting materials.

Mr. Sichinga wonderered what the Electoral Commission of Zambia was up to, when they had initially promised to transport the ballot papers at one goal.

QFM

Eight pallets of ballot papers remain in South Africa, to arrive today.

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ECZ Chairperson Justice Ireen Mambilima

The Electoral Commission of Zambia (ECZ) says Universal print group has chartered another plane to carry the remaining 8 pallets of the ballot papers.

The 8 pallets containing the ballot papers for central and northwestern province remained in South Africa in order to avoid overloading.

ECZ chairperson justice Ireen Mambilima told journalist at the Lusaka International airport last evening that the remaining consignment is expected in the country today.

The verification and the distributions is also expected to commence today.

Justice Mambilima has noted that the commission is committed to ensuring the entire electoral process in held in a transparent manner.

Meanwhile, observers from the patriotic Front (PF) questioned justice Mambilima why the commission has only allowed only the police to guard the ballot papers in the warehouse were they are currently being kept awaiting distribution countrywide.

The observers noted that the ECZ should have allowed the stakeholders willing to spend a night at the warehouse to do so to avoid any possible suspicions.

However, justice Mambilima noted that the ECZ has the capacity to handle the storage of the ballot papers saying the police would be outside while the CCTV equipment would be left on inside the warehouse.

QFM

Vote for leaders who care for your kids-Rupiah Banda

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President Banda waves the MMD symbol at Mulambwa ground during a rally
President Banda waves the MMD symbol at Mulambwa ground during a rally

PRESIDENT Rupiah Banda has advised Zambians not to risk the future of their children by voting for politicians who have no vision for the country and are only thriving on threats of violence if they lost next week’s elections.

And Mr Banda said the economic progress the MMD Government had made in the last three years should be the reason for the ruling party to remain in office after the September 20 elections. Speaking when he addressed a rally at Mwaba Basic School in Chinsali yesterday, President Banda said the future generations needed to inherit a peaceful country for it to prosper further.

“It is for this reason that the MMD encourages positive campaigns which are based on issues and not insults and personalities,” Mr Banda said. He said the MMD did not want to leave a legacy of violence because the vice had a long and negative impact on the economic and social development of the country. The president said Zambians should not make the mistake of voting for political leaders who would not guarantee a safe future for their children.

He said the hard work which the MMD had exhibited should be the criteria for the electorate to consider when voting for new leaders next week. President Banda said the MMD Government’s work was there for every citizen to see and appreciate.

He said it was better to vote for the MMD, which had proved itself with the electorate and was ready to build on achievements for the betterment of the country’s future. President Banda said voting for the MMD would determine a positive future of the country.

He said his countrywide assessment was that the people were ready to give the MMD another mandate to rule in order to continue with developing the country, with the contribution of every Zambian. Mr Banda said he was happy to be in Chinsali because it reminded him of the old days with late Simon Kapwepwe, who even sent him for studies abroad.

President Banda however said campaigns should continue until the stipulated date, despite his statement on the party’s popularity. He urged the MMD to be vigilant until the counting of votes was done and the ruling party was declared winner before celebrating. Mr Banda said the MMD was the only party capable of building a stable and prosperous country.

And United Liberal Party president Sakwiba Sikota said his party had endorsed and was ready to work with the MMD because it could be trusted to lead Zambia.

Mr Sikota said Patriotic Front leaders were losers who had failed to detract the MMD from its developmental programme. “The PF is a loser, today it lost a case in the high court against the MMD to stop them using campaign materials,” he said.

Speaking earlier at Kasama Airport when he arrived before proceeding to Chinsali, President Banda said the ruling party was likely to win all the seats in Northern Province because the people appreciated the achievements recorded in all the economic sectors.

He said the MMD would continue repeating the messages of what the ruling party had accomplished in the last three years until the campaign period ended. Mr Banda said all MMD members should get back to their respective camps and continue with the campaigns until the last day.

He told the people who had gathered at the airport as early as 08:00 hours that there was no need for violent emotions as the date of elections drew closer. The President said the MMD stood the best chance of winning the elections because of what it had achieved and the benefits that the people were enjoying from the economic strides that had been recorded.

The President arrived at Kasama Airport at 11:30 hours and was welcomed by scores of Kasama MMD members and residents. He said the MMD had encouraging response from the people in all the provinces during his campaign trail. At the Chinsali rally, President Banda introduced the MMD parliamentary candidates to the electorate.

He also held a private meeting with chiefs Kabanda, Nkweto, Mubanga, and Mukwikile at Chinsali Girls High School. He also encouraged the school girls who received him at the learning institution to work hard and contribute positively to the growth of the country because they represented the future.

Meanwhile, Mr Banda has urged the people of Lundazi District in Eastern Province not to be swayed by some leaders of opposition political parties but continue voting for the ruling MMD in order for it to continue with the numerous development projects it has started across the country.

He assured Zambians that he would defend the Constitution by ensuring that there was peace during and after Tuesday’s tripartite elections. Addressing a mammoth rally at Kaunda Square in Lundazi yesterday, Mr Banda urged the people to continue supporting the MMD because it was the only party that had a traceable record among all the political parties that were taking part in this month’s polls.

The president said only the MMD could continue building stability, security and prosperity in the country because it had a positive track record. He said the MMD Government had managed to build schools, bridges, hospitals and clinics across the country and that the people were able to see all that.

He said the maize bumper harvest the country had continued to record was as a result of the good agricultural policies the Government had put in place. He said Zambians would be making a grave mistake if they started experimenting with leadership, especially with people who had failed them before. Mr Banda urged the MMD members to use the remaining few days to conduct peaceful door-to- door campaigns to inform the people what the MMD Government had done for them.

Speaking earlier, MMD provincial chairperson Kennedy Zulu assured the president that the province would still remain a stronghold of the ruling MMD. Mr Zulu, who also presented 560 former PF members who defected to join the ruling party, said the party was ready for victory in the polls.

The ULP leader, Mr Sikota said the MMD party had performed tremendously well in the past three years and should be entrusted with a five-year mandate to lead Zambia. The rally was spiced up with performances by some Zambian musicians who included Angela Nyirenda, Organised Family, Dalisoul and Runnel with his dancing queens.

The President is today expected to officially open Indo-Zambia Branch in Nyimba District before addressing a rally in Petuake District. He was accompanied by MMD national secretary Richard Kachingwe and other senior MMD and Government officials.

[Times of Zambia]

Zambia Union of Financial and Allied Workers support sale of Finance Bank

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Finance Bank Footprint across Zambia
Finance Bank Footprint across Zambia

Zambia Union of Financial and Allied Workers is satisfied with assurances that Finance Bank employees will retain their jobs after the sale of the company.

The Bank of Zambia has announced a 27 billion Kwacha sale of Finance bank to FirstRand Group of the South Africa.

ZUFIAW President Cephas Mukuka said that a tripartite meeting for the central bank, FNB and ZUFIAW officials agreed on a non-laying off plan for all employees.

Mr Mukuka has further expressed optimism of good results with the sale of Finance Bank as was the case with ZANACO.

And Commenting on jobs, FNB chief executive officer Sarel Van Zyl said as part of the condition, the bank will not cut any jobs, but will instead make job offers for those employees that intend to work for the bank.

He said employees taking  job offers will have to work on new contracts. Mr Van Zyl, however, said the bank will pay off terminal benefits to employees

On Monday Bank of Zambia (BoZ) announced the takeover of the troubled Finance Bank Zambia Limited by First National Bank Limited of South Africa nine months after the central bank took over running of the bank.

[pullquote]Bank of Zambia Governor Caleb Fundanga said that FNB Zambia fended off competition from five local and international banks to assume the running of Zambia’s fifth largest bank at a cost of K27 billion.[/pullquote]

Bank of Zambia Governor Caleb Fundanga said that FNB Zambia fended off competition from five local and international banks to assume the running of Zambia’s fifth largest bank at a cost of K27 billion.

Dr Fundanga said the decision by BoZ to award FNB the running of Finance Bank was within the central bank’s statutory powers under the Banking and Financial Services Act (BFSA).

He said BoZ followed the transfer procedure to the book, and that the renowned international financial institution Deloitte LLP of London was engaged to oversee the transfer process.

“The Bank of Zambia is pleased to announce that in terms of restructuring programme implemented pursuant to section 84B (a) of the BFSA, the Bank of Zambian has agreed to the acquisition by First National Bank Zambia of selected assets and liabilities of Finance Bank Zambia Limited,” he said. Dr Fundanga said the acquisition would bring sound business practices, financial stability and protect the local financial system as well as protect the depositor base of Finance Bank Zambia, which was grossly abused.

He said BoZ was also interested in maintaining employment of bank staff and maintaining the well-distributed bank network coverage. He said Deloitte advised BoZ of the competing interests which saw FNB Zambia, a subsidiary of First Rand Limited of South Africa, beat First Alliance Bank Zambia, Exim Bank of Tanzania, I&M Bank from Kenya and two other South African banks – JM Capital and Quantile Capital.

[pullquote]He said BoZ followed the transfer procedure to the book, and that the renowned international financial institution Deloitte LLP of London was engaged to oversee the transfer process.[/pullquote]

On December 10 last year, BoZ took over the running of Finance Bank Zambia after it was discovered that the commercial bank was breaching several banking rules, including risking of deposits and breaching loan granting limits.

Dr Fundanga said FNB was taking over 96 per cent of what Finance Bank Zambia owned, leaving four per cent of the toxic assets and liabilities which were either in court or in form of bad loans on the Finance Bank books to the central bank. With this acquisition, FNB would take over all 34 Finance Bank Zambia branches, 16 agencies and 61 automated teller machines (ATMs) in all the nine provinces of Zambia.

[pullquote]Dr Fundanga said FNB was taking over 96 per cent of what Finance Bank Zambia owned, leaving four per cent of the toxic assets and liabilities which were either in court or in form of bad loans on the Finance Bank books to the central bank.[/pullquote]

“The restructuring of Finance Bank, implemented as a purchase and assumption transaction, involves FNB Zambia purchasing certain assets and assuming certain liabilities”. Accordingly, FNB Zambia will operate all the 34 branches, 16 agencies and 61 ATMs currently serviced by Finance Bank,” he said.

And  First  National Bank Zambia Limited (FNBZ) is to inject over 100 million rands (about K70 billion) in the operation of Finance Bank Zambia Limited (FBZL) after the acquisition of the bank.

FNB CEO Sarel Van Zyl said there is need for the bank to capitalise the newly acquired bank according to BoZ conditions and regulations.

Mr Van Zyl said investing in infrastructure is substantial since the bank needs to conduct a detailed assessment.

“We could be investing a 100 million rands or more on physical infrastructure, electronic data system and changing the entire image,” he said.