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CENTRAL Province Permanent Secretary Denny Lumbama has said the setting up of a filling station and fuel reserve tanks in Mumbwa District at cost of K2.4 billion by some South African Investors is a clear testimony of trust and confident investors have in the policies of the government.
Mr Lumbama said the Government is happy with such a huge investment coming up in the district as part o the Public Private Partnership (PPP) considering that the area is developing at a faster rate with increased agriculture and mining activities.
Mr Lumbama said the filling station and fuel reserve would serve motorists and other people who over the years depended on only one filling station in the district.
Such a huge project, he said, can only commence in a country whose policies favour both local and foreign investors as well as attractive atmosphere of carrying out business.
The government would continue with such ventures which also contribute towards employment creation.
Mr Lumbama further paid tribute to ZAMBEEF for setting up an abattoir in the district which has also created jobs among the local people.
He urged other organisations to emulate ZAMBEEF by coming up with other ventures which are beneficial to people particularly in agriculture.
Meanwhile, electrifying of farm blocs in Mumbwa at a cost of K33 billion in partnership between the Government and European Union (EU) has reached an advanced stage.
Mr Lumbama said the project would allow more 200 commercial farmers increase their agriculture output considering that their dependence on diesel generators was costly.
THE Lusaka High Court has sentenced to death by hanging three men from Chazanga Township after they were found guilty of the brutal murder of a 17 year old woman.
Supreme Court Judge Gregory Phiri sitting as high court judge sentenced Fredy Lungu, Shadreck Musonda and Aaron Kanyanga to death by hanging after finding them guilty of murdering Katongo of the same township.
The trio was charged with murder contrary to section 200 of the penal code of the laws of Zambia.
Facts were that on unknown dates but between February 23 and February 24, 2008 Lungu, Musonda and Kanyanga murdered Katongo at night when she was retuning from attending a funeral from within her neighborhood.
One of the prosecution witnesses Rosemary Kapamba who is the deceased’s aunt testified before the court that on February 22, 2008,
she was with Katongo and her two friends Loveness Banda and Eva before she left for the fields.
When she returned, she did not find them as they had gone to attend a funeral within the township.
The following day around 05:00 hours, Kapamba was waken up to the news that Katongo had been found dead near a Presbyterian church after which she and her husband rushed to the church located five meters away from home and found the dead body.
And Ms Banda told the court that on the material day, Katongo had approached her and Eva to accompany her to the funeral.
They stayed there until 22:00 hours after which she and Katongo decided to go back home.
Ms Banda testified that as they walked back home, two men ordered them to stop but they became scared and took to the heels.
When they looked back, they identified the two as Musonda and Kanyanga of the same Township. Ms Banda and Eva ran in a different direction while Katongo went a different direction but she managed to hide behind the hedge.
The following day Ms Banda went to check on Katongo and she was surprised to find her grandmother mourning that she had been found dead.
Ms Banda went to the scene where she learnt that her friend had been raped before she was murdered.
She said Katongo was found naked with her underpants down her legs.
Judge Phiri in passing judgment said after analysing the evidence before the court, he found each of the three accused persons guilty of murdering Katongo and convicted the trio.
He said the brutal murder was committed simply because Katongo aged 17 did not want to flirt with the first or any of the accused and they decided to force themselves on her and murdered her soon thereafter.
I do not see any extenuating circumstances that may warrant reduce of the ultimate sentence.
“I therefore sentence each one of them to death and direct that they shall be hanged by the neck until pronounced dead” said Judge Phiri.
[ Times of Zambia ]
FLASHBACK: President Rupiah Banda, Tanzanian Jakaya Kikwete and UPND leader Hakainde Hichilema at the Lwiindi Gonde traditional ceremony in Monze.
By Elias Munshya wa Munshya
Of all politicians Hakainde Hichilema had handled himself very well and very maturely during the week of mourning President Frederick Jacob Titus Chiluba. In fact, I almost was going to pen an article highlighting how the so called “under-five politician” had handled himself most maturely in mourning President Chiluba. Indeed, HH had handled himself far much better than Michael Sata.
Hichilema had a great week, at least until yesterday. He paid glowing tribute to the late Chiluba. He donated a token from his vast wealth as a symbolic way of mourning. He earlier in the week, called a press conference where he received some defectors from the MMD and then suspended his campaigns to mourn Chiluba. I thought that was good for him.
I thought that is the way to go. But alas! just a day after burying Chiluba, HH became susceptible to a major weakness. He poked fun at Sata’s illness in criticizing his absence at Chiluba’s funeral and burial. According to Hakainde Hichilema, Michael Sata had failed to show up for the funeral because he was very sick.
In painting a contrast between himself and the sick Sata, Hakainde gave himself to serious vanity. And it is this vanity that is symptomatic of the illness of our nation. It is not just Sata who is sick in Zambia. It seems that going by what we are concentrating on, we are all sick. Beginning from newspapers up to the greatest politicians, we are very fast going bananas and what we need as a nation is to have serious reflection on who we are and what our values are.
[pullquote]Hichilema had a great week, at least until yesterday.[/pullquote]
The Patriotic Front, begun the week of mourning on a very silly note. It was Given Lubinda who announced so unashamedly that his Party President Michael Sata and indeed the entire PF party had resolved not to attend Chiluba’s funeral based on some threats they had received from the likes of William Banda. This did not make sense at all.
First, the PF as a party is so complex and comprises so sundry members that it is absurd to put a blanket ban on its members to mourn Chiluba. Did Lubinda need reminding that Chiluba had for several years under Mwanawasa been a member of the PF itself?
[pullquote]And then Sata announced on one of the online newspapers that he had not appeared in public during Chiluba’s funeral because he had gone on a spiritual retreat to intercede for Chiluba’s soul. Since when did Sata become the pope?[/pullquote]
Second, the announcement came too early in the week of mourning. You do not make such premature announcements before you see how the week was going to turn out. In contravention of this ban from Lubinda it was indeed quite embarrassing that Michael Sata went to Mulungushi Conference Center to view the body of Frederick Chiluba. What had happened to the ban that had been put just five days before? The PF had seriously miscalculated.
And then Sata announced on one of the online newspapers that he had not appeared in public during Chiluba’s funeral because he had gone on a spiritual retreat to intercede for Chiluba’s soul. Since when did Sata become the pope? In fact, does Sata need reminding that it is Zambian tradition not to go on a retreat when a friend is dead? Zambians do not hide from funerals; they show up to mourn their departed compatriots. The week was bad for Sata as it was bad for the Patriotic Front.
Rumours that Michael Sata is very sick have made rounds during the week of mourning. In fact, one online tabloid made it a point to show and prove that Michael Sata is sick and that this sickness makes him unsuitable for election as president. Reading from the tabloid it misquotes the constitution of the republic of Zambia by asserting bizarrely that a president must be not be a sick.
Our country is dangerously going bananas. After these allegations, Michael Sata came out strong denying the rumours. He came out forcefully against the allegations and even recorded several interviews denying that he had been sick. I find both the allegation and the denial of the allegation to be symptomatic of our nation’s sickness. Do some Zambians expect Michael Sata to be a superman who never gets sick? And should Sata so defend himself against these allegations almost as if being temporarily indisposed is a bad thing? If Michael is not feeling too well, how does that become a political issue? Do politicians lose the right to contract malaria or diarrhoea simply because we do not expect them to be ill?
[pullquote]The constitution does not say that a president may never be sick. It mentions that a president must be mentally fit, and of course physically capable of carrying out his duties.[/pullquote]
The constitution does not say that a president may never be sick. It mentions that a president must be mentally fit, and of course physically capable of carrying out his duties. But this requirement does not preclude a president having Cholera, AIDS, TB, Ulcers, Cancer or even Hypertension. Presidents are human, and they have a human right to be sick, and a human right to die! We must desist from this nonsense of trivialising the gift of life. It is God who gives us life, but if for some reason one among us is not feeling too well we should not treat them like lepers. Sata’s ability to rule Zambia should not be predicated on whether he has been put on bed rest for a week or a month. It should be predicated on issues affecting Zambians, issues like food, water and shelter,
[pullquote]Sata, who is a victim of political uses of his personal sickness, is using Mpezeni’s sickness as a political weapon against Rupiah.[/pullquote]
The idea that government owes famous people the right to Morningside evacuation has been used by politicians from both sides of the aisle. Opposition leaders use Morningside when it suits them and so does the ruling party. Michael Sata had been an ardent critic of Morningside at least until Mwanawasa evacuated him there. Morningside is responsible for turning two bitter enemies, Mwanawasa and Sata into good friends. Sata has continued to use the Morningside criticism to put pressure on governments. And in the latest effort, he is condemning the Rupiah government for failing to evacuate His Majesty Nkhosi Mpezeni who has been ill. If reports are correct, Sata has found the sickness of Mpezeni as a political opportunity to show that Banda does not care enough for his own paramount chief.
Sata, who is a victim of political uses of his personal sickness, is using Mpezeni’s sickness as a political weapon against Rupiah. Unless we reflect on who we truly are, I am afraid as a nation we are becoming gruesome by the day. And this sickness is shown not only by the behaviour of Hakainde Hichilema and Michael Sata but by all of us, including the media and bloggers as well!
The Faz Super Division returns to action on Wednesday after the one-week period of national mourning.
All eight Week 13 games will be played before the league takes a two-week mid-season break starting from July 2-16.
There will be two major games on super Wednesday one in Lusaka and the other in Ndola.
At Sunset Stadium in Lusaka, leaders Zanaco will be looking to go into the mid-season break still at the top with a home win over 3rd placed Red Arrows.
Both Zanaco and Arrows are level on 22 points after 12 and 11 matches played respectively.
The other major clash will see fourth placed Nakambala Leopards visiting defending league champions Zesco United at the Trade Fair Grounds in Ndola.
Nakambala, also on 22 points, have won twice this season in Ndola over fellow promoted teams Lime Hotspurs and Kalewa.
However, they lost to Forest Rangers 2-1 on June 11 in a Week 11 game at Dola Hill and will be tested against another experienced Ndola side as to their league caliber against Zesco.
Zesco meanwhile, are in 6th place with 16 points from eight matches with four games in hand.
The Zambia women’s football team will leave for Harare on Thursday to take part in the Cosafa Women’s Championship that kicks off this Saturday.
And coach Enala Simbeya has named her final 20-member squad for the tournament that will take place in the Zimbabwe capital from July 2-9.
Simbeya said the team will travel by road from Lusaka in the early morning of Thursday.
Zambia are in Group B with Botswana including two 2011 CAF Africa Women’s Cup finalists.
The two teams from this years Africa Cup are Tanzania who are guest team at the fourth edition of the tournament and Cosafa Womens defending champions South Africa.
Zambia will kick off against Africa Women’s Cup bronze medalists South Africa on July 2 in a 13:00 hrs match at Rufaro Stadium.
The Zambia Development Agency (ZDA) says the country has a lot of incentives to woo more foreign investors.
ZDA Manager for Investment Promotion, Jessica Chombo says the ZDA act provides foreign investors a five-year tax holiday as part of attracting investments.
She added that the agency has also come up with a number of farm blocks, which investors wanting to venture into the agriculture sector, can consider.
Meanwhile Zambia Chamber of Commerce and Industry (ZACCI) President, Jeffrey Sakulanda has noted that Zambia allows foreign investors to repatriate their profits without any question.
The duo was speaking during a presentation and meeting with a delegation of Egyptian Business people currently
[ MUVI ]
Chinese Ambassador to Zambia, Zhou Yuxiao says his government will not side with any political party during this year’s general elections.
Mr Zhou says his country will instead work with any Zambian government of the day.
He said in Lusaka today that the Chinese government will not be involved in politics but work with the government in order to enhance development.
Mr .Zhou explained that his government believes in peaceful and democratic elections and it will therefore respect the wishes of the Zambian citizens during elections.
And Mr Zhou says Chinese investors will not be allowed to be partisan, at the same time he will not hesitate to inflict punitive measures on Chinese investors breaching Zambian labour laws.
[ MUVI ]
The construction of the new Mandevu clinic has commenced.
The old structure for the shut-down clinic has since been razed to pave way for a new structure.
And MMD Mandevu ward 21 Chairman, Elias Shula has expressed happiness over the development.
Mr Shula says the shutting down of the health institution had affected the area residents, further leading to congestion at nearby clinics.
The Mandevu clinic was last year shut down because it lacked facilities such as the maternity.
Sylvia MaseboThe MMD has accepted the resignation of Chongwe Member of Parliament Sylvia Masebo.
National Secretary Major Richard Kachingwe has since declared that the party will embark on an issue based campaign to win back the Chongwe Parliamentary seat.
He says the MMD will highlight the new developmental projects such as the Chongwe District hospital, water treatment plant and street lighting projects as some of the targets government has achieved.
Major Kachingwe says even if Ms Masebo had not resigned, the party would have expelled her because she was leaking information.
He said at a media briefing that Ms Masebo’s resignation has served the party from high level of leakages.
Ms Masebo has announced her resignation from the ruling party effective June 30, 2011.
Meanwhile, Major Kachingwe has thanked President Rupiah Banda and all Zambians for mourning and putting to rest the MMD founding father Dr Chiluba with dignity.
He urged the Church and MMD officials to preach reconciliation and love during election campaigns.
Major Kachingwe has appealed to Zambians to reject politicians that will insult and instigate violence among the youth during political rallies.
Dr Chiluba’s children laying wreaths and praying at the tomb during the burial in Lusaka.
United Party for National Development -UPND- President Hakainde Hichilema said some opposition party leaders failed to attend the burial of second Republican President Dr Frederick Chiluba because their health status could not allow them.
Mr Hichilema said only people in good health could manage to attend Dr Chiluba’s burial because the programme was long and strenuous.
Mr Hichilema said he did not want to attack individuals but said the nation knows the opposition leaders who did not attend the funeral of Dr Chiluba.
Mr Hichilema was speaking at a joint media briefing with the All Peoples Congress party – APC- in Lusaka on Tuesday.
The UPND has formed an alliance with the APC.
And Mr Hichilema says the Patriotic Front is no longer popular on the Copperbelt.
Mr. Hichilema says his recent visit to the Copperbelt has shown that the PF has lost ground in the province.
He also urged party members not to fight for positions in the party but concentrate on campaigning ahead of the elections.
And speaking at the same function All Peoples Congress party President Chozi Nguni appealed to all political parties to campaign in a peaceful manner.
[ZNBC]
Zone Fam is one of the top Hip Hop Groups in Zambia. Deriving their name from a studio they frequented in their earlier days ‘The Zone’. The group consists of four individuals; Dope G, Jay Rox, Yung Verbal and Thugga.
KAPA187: Welcome to the interview .What made you decide to form the group ,Zone fam , and how did it come together.
ZONEFAM: We were all solo artists recording at Zone studios in Chainama, we considered everyone that came to this studio as family and it grew from there.
KAPA187: Ok ,that is interesting , so what does each individual bring to the group?
ZONEFAM: We all have unique skills that we bring to the table; ranging from Production, Marketing & Branding that we incorporate into our music careers.
KAPA187: “Shaka zulu on em” has been your biggest song so far, what is it about.
ZONEFAM: Shaka Zulu On Em is about African Pride and paying homage to our roots. We identify with Shaka Zulu as a great and recognizable African Historic Figure. Like him regardless of obstacles we are proud of who we are and we shall let nothing get in our way.
KAPA187: How does it feel to have your video played on Mtv base? Seeing as your song is on MTV, do you see yourself performing at the MTV awards or at any other international stage.
ZONEFAM: It is a great feeling! We are constantly pushing the bar of standards in the pursuit of reaching a higher level of recognition and international appeal! We are mainly driven by the fact that this is not only for us but for Zambian Hip Hop and the industry as a whole.
KAPA187: Any plans of breaking up the group and having solo careers?
ZONEFAM: Not necessarily breaking up but after we release our debut album we do plan to all release solo albums and reunite at a later stage. KAPA187: You do a lot of shows, what has been your most memorable performance?
ZONEFAM: We performed at the Brick and Lace after Party in 2010 – the crowd was electric and we had alot of fun!
KAPA187: It must have been exciting performing alongside Brink and lace. What is the craziest thing one of your fans have ever done?
ZONEFAM: One of us almost got pulled off stage by the leg during a performance .
KAPA187: Interesting am sure your fans know which one of you it was . Tell me ,what is the process like ,when you are making a song?
ZONEFAM: We all get into the studio…it usually starts with the instrumental, we bounce ideas off each other; once we come up with a concept and structure the hook is done, we each write our own lyrics for the verses.
KAPA187: who are some of the artists you look up to , locally and internationally
ZONEFAM: JK, Danny, Teargas, Jay Z and Nas
KAPA187: Where will you be in 10 years
ZONEFAM: We Hope to be leaders in the Hip Hop industry running an empire that will include various brands and subsidiaries.
KAPA187: Thank you for doing the interview, where can you fans listen to your music.
ZONEFAM: reverbnation, youtube, also available on iTunes.
THE MUSIC
SHAKA ZULU ON EM
is undoubtedly their biggest hit. The Music Video was Number one for over a month on Muvi TV Pipos Choice and is still on the charts it has also been a fixture on MTV Base ‘Big Base Beats’ since its release in March.
Chikali
Is an all-star mash featuring Slap D , General Ozzy , Peterson. This song is as a result of the Fans calling for Zone Fam to work with these artists. In my opinion slap D had the best verse. What do you think?
Emotional scenes of wailing and evocative tributes to second president of the republic of Zambia Dr Frederick Chiluba characterized the funeral service yesterday as multitudes of Zambians from all walks of life witnessed the burial of the man who ruled the country from 1991 to 2001. Tears flowed freely during the church service at the Cathedral of the Holy Cross as a group of Zambian musicians sang their tribute ‘Amazing life’ while Dr Chiluba’s daughter Verocia equally moved many to tears when she sang ‘Lesa ekachema wandi’ (The Lord is my Shepherd) in a heart wrenching voice.
From Musangu Village, Dr Chiluba’s village in Luapula province to Chipata in the East and Livingstone in Southern province, all Zambians had an opportunity to watch the procession on television sets and large screens mounted by the Zambia National Broadcasting Corporation. It was a funeral service befitting of a man who meant different things to many people from his time as Chairman general of the Zambia Congress of Trade Unions to the time he became republican president in 1991. Dr Chiluba, 68, died in the early hours of June 18, 2011. In Lusaka, several residents lined up the streets along Great East Road and Addis Ababa Drive as early as 07.00 hours in an attempt to catch a glimpse of the casket ferrying the body of Dr Chiluba mounted on a gun carriage as defence personnel led the procession from Mulungushi International Conference Centre to the Cathedral of the Holy Cross. The body of the former Head of State which lay in state for two days at Mulungushi International Conference Centre where body viewing was conducted was driven through to the Cathedral via Great East Road, Addis Ababa and Church road reached at about 09.10 hours.
As the casket draped in the Zambian flag weaved its way from Mulungushi International Conference centre to the Cathedral for the church service, scores of mourners who had thronged the streets could not hold back their tears as they surged forward to get a glimpse of the cortege while military personnel had a tough time to control the crowd. The church was packed to capacity and an extra screen was mounted outside to allow those who could not find space inside be part of the service.
Among the dignitaries at the church service which was also attended by President Rupiah Banda and his wife Thandiwe, were Democratic Republic of Congo (DRC) President Joseph Kabila, Zimbabwean Vice president Joyce Mujuru, Zimbabwean Prime Minister Morgan Tsvangirai, former Tanzanian President Benjamin Mkapa and Katanga Governor Moses Katumbi. Others were First republican President Kenneth Kaunda, Vice president George Kunda, Chief justice Ernest Sakala, Speaker of the National Assembly Amusaa Mwanamwambwa, members of the diplomatic corps, senior government officials, leaders of political parties and members of the clergy. And in his homily, Bishop Peter Ndhlovu of Bible Gospel Church in Africa (BIGOCA) who was Dr Chiluba’s spiritual leader said Dr Chiluba had left a legacy that would not be erased. Bishop Ndhlovu described Dr Chiluba as a genuine born again Christian who never gave up even in the hardest time of persecution. “He loved this nation and was committed to the cause of the nation. He was a genuine born again Christian and I am a proud Pastor because he was genuinely born again,” he said. He said Dr Chiluba was not ashamed of what people said about him as long as what he was doing was aimed at serving the people. He said he was a believer in the gospel and knew that his redeemer lived. The atmosphere was somber as, Dr Elias Phiri gave the church history of Dr Chiluba who he said joined BIGOCA in 2004 as a member and contributed greatly to church welfare. Dr Phiri said Dr Chiluba lived a humble life and was a full participant in church life. “Dr Chiluba opened up his home for church members and at times his swimming pool was used for baptism for church members,” he said.
And eulogising their father, children Darlington, Kaindu and Hulda described Dr Chiluba as a loving and caring dad who was always there to provide counsel. Darlington said he would miss his smile and laughter. “We will miss your smile and laughter. Your confidence and assurance you had. We will also miss the assurance of prayer today and forever goodbye,” he said. Kaindu described Dr Chiluba as a special friend, father and a great blessing to the children. The family was comforted because he was with the heavenly Father and as such in the safest hands. Hulda said his name Frederick the most used name meant peaceful ruler and peaceful keeper. “Your leadership both in our home and over the nation was one of much upheaval. The peace you sort to bring about was not as the world gives. It was peace from God. It was the kind of peace that will live a legacy of peace maker,” she said.
And widow Regina, through a representative Barbara Mulalami revealed that her late husband asked her to open some verses in the Bible when she arrived from the Copperbelt province just before he died. Regina said when she entered the house, Dr Chiluba smiled broadly at her while he was being attended to by his physician Justin Kangwa. She said the former President, whom he described as a friend, father and companion, told her to read from Isaiah 53 verse 4 and Psalms 23 and there was no indication that he would die having pulled through out of serious conditions before. Regina said Dr Chiluba stood resolutely by her during her trials in court where she was facing accusations of corruption. She hailed Dr Chiluba’s former wife, Vera and other relatives for the mature manner they had mourned the second republican President. Regina said she remains touched at the way Dr Chiluba accepted everyone in the family regardless of their status and cited marketeers and call-boys whom he referred to as people under the ‘Office of the President.’ She said it was clear that Dr Chiluba loved the poor people deeply and had a special relationship with each of his children. Regina said on June 16, 2011, Dr Chiluba held a meeting with President Banda and had been speaking highly about the outcome of that meeting until he died. She said as an ardent supporter of the English premiership side, Arsenal Football Club she always sat by his side to watch football matches and he also loved the Zambia National Soccer team. “I will continue to support President Rupiah Banda. I will continue to support my party, the MMD and I apologise for the few times I misunderstood you,” Regina said.
Dr Chiluba’s nephew Morgan Kasanda said Dr Chiluba may not have always been physically present where his relatives were but he was always helping where there was need. Mr Kasanda said Dr Chiluba sought the divine protection of God when he declared Zambia as a Christian nation in December 1991. He said the gap left by Dr Chiluba’s death would not be recovered and praised President Rupiah Banda for helping their late son to be attended to by the best medical doctors before he died. Dr Chiluba was born a twin in Kitwe on April 30, 1943. His parents Jacob Titus Nkonde and Diana Kaimba hailed from Musangu village of Mwense district in Luapula province. He went to Musangu primary school in 1952 from sub A to Standard 2 and Lubunda Primary Scholl for Standard 3 and 4. He later did his upper primary at Mulundu school where he completed his standard 5 and 6. Mr Kasanda said from there, he proceeded to Kawambwa Secondary school until in 1961 but was expelled from school because of his involvement in politics. Mr Kasanda said Dr Chiluba later completed his studies for General School certificate and pursued bookkeeping and credit collection courses through a London Correspondence college.
After school Dr Chiluba worked for Central African Road Services (CARS) and Sisal Estates as a records clerk. After a stint in Tanzania, he returned to the Copperbelt in 1964 and did a few menial jobs before enrolling for a book keeping course through correspondence with Gordon Arlen College in Edinburg, Scotland. With this qualification he joined Masson-Ord, a wholesale company in Ndola in 1965 as an invoice Clerk. A year later, he joined a Swedish firm, Atlas Copco Zambia Limited and progressed steadily to the position of Accounts Clerk, Credit controller, Assistant Accountant and finally Credit Manager a position he held until he took leave in 1990 to join the political campaign for change. While at Atlas Copco he passed his GCE levels in Economics, English, principles of Accounts and religious knowledge. Between 1977 and 1970, Dr Chiluba obtained a certificate in Credit and collection policies and a certificate in advanced credit analysis by private study with the national institute of Credit in New York. In 1988 he passed GCE ‘A” levels in Government and politics which enabled him to enroll for a degree course with Warwick University to obtain masters degree of Philosophy in Political science.
Later, the casket was driven to Embassy Park for burial where again, emotions characterized the arrival of the body. Laying of wreaths took over an hour starting with the widow Regina, followed by President and Mrs Banda, the children and other dignitaries. As the casket was lowered, the Zambia Army gave Dr Chiluba a 19-gun salute while the Zambia Air Force performed a fly-past, adding to the solemn mood. Mr Ben Mwila, an uncle to Dr Chiluba spoke on behalf of the family thanking the republican President, the Government and all those who assisted in any way towards the arrangements of the funeral, the logistics, the moral and material support rendered in any way. Mr Chriticles Mwansa gave a speech on behalf of the Mwata Kazembe while the church also had their share of final words. Tanzanian former President Benjamin Mkapa also spoke on behalf of all visiting dignitaries. President Banda was the last to speak. He spoke very highly of Dr Chiluba and the late Dr Levy Mwanawasa. Farewell Dr Chiluba, gone forever.
Bible Gospel Church in Africa (BIGOCA) Overseer, Peter Ndhlovu described Dr Chiluba as a man, who suffered reject and persecution in his last days.
Bishop Ndhlovu was speaking at Dr Chiluba’s funeral church service at the Cathedral of the Holy Cross in Lusaka.
He further reiterated the Christian nation declaration made by Dr Chiluba on 30th December 1991.
Republican President, Rupiah Banda, government officials, the civil society, the opposition as well as members of the public were among those who attended the church service.
Others were the Democratic Republic of Congo President, Joseph Kabila and Zimbabwe’s Prime Minister, Morgan Tsvangirai.
[ MUVI ]
FIRST Quantum Minerals (FQM) Limited says it will list its 40 million Zambia Depositary Receipts (ZDRs) which are ordinary shares on Lusaka Stock Exchange (LuSE) on July 6, 2011.
ZDR are a block of ordinary shares of FQM that will be issued by depository bank, Bank of New York Mellon and held by a custodian-Stanbic Zambia on behalf of the depository bank.
The ordinary shares will be listed at an initial price of K4, 700 per share.
FQM secured the approval for the 40, 000, 000 ZDRs to be listed on the local stock exchange and to be held in the Central Securities Depository of the LuSE.
The company said in Lusaka recently that the ZDRs will be listed solely on the LuSE where they will be traded and regulated by the rules applicable to ordinary securities listed on that exchange.
The Bank of New York Mellon will act as depositary and custodian and will hold the underlying common shares, together with any securities, cash or other property attributable to shares that have been deposited with the custodian.
The company, however, warned that there are risks in investing in depository receipts as there is no assurance that past performance of the underlying common shares of the company will be repeated.
Pangaea Renaissance Security Limited is the only broker of the FQM depository receipts, which are only applicable to Zambians and Zambian-registered companies.
And in a separate statement in Lusaka yesterday, Madison Asset management Company Limited under its Madison Unit Trust said the ZDRs will be traded and regulated by rules applicable to ordinary shares listed on the LuSE with a minimum primary subscription of K50 million.
And there was an impressive trading activity on the Lusaka Stock Exchange (LuSE) last week with turnover rising to over K8 billion from K6.6 billion recorded the previous week.
According to LuSE weekly update for June 24, 2011, a total of 4,726,502 shares were transacted in 144 trades yielding K8.3 billion.
Overall trading activity occurred in 16 listed stocks namely; African Explosive Limited Zambia (AELZ), Bata Shoe Company, British American Tobacco (BATZ), Cavmont Capital Holding Zambia, Copperbelt Energy Corporation, Lafarge Cement Zambia and Farmers House.
Others were Investrust Bank Zambia Plc, National Breweries, Standard Chartered Bank Zambia, Shoprite, Zambeef Products, Zamefa, Zambian Breweries, Zanaco and Zambia Sugar.
The index, which measures performance of stocks on the stock market, closed last week at 3,926.15 points down by negative 1.69 percent from previous week close of 3,993.55 points.
The index reduced due to losses in most listed stocks on the stock exchange as a result of reduction in share prices.
However, on a year-to-date in Kwacha terms, the index rose by 18.83 percent and 18.23 percent in United States dollar terms.
