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Masebo to defect to PF – Lifwekelo

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Chongwe Member of Parliament Sylvia Masebo

Forum for Leadership Search Executive Director, Edwin Lifwekelo says Chongwe Member of parliament; Sylvia Masebo is planning to defect to the opposition Patriotic Front (PF).

 

Mr. Lifwekelo says his organization has information that Ms Masebo is likely to cross over to the PF on Saturday or Sunday.

Ms. Masebo is currently Movement for Multi-party Democracy (MMD) Chairperson for women.

He told ZNBC News in an interview that Ms Masebo has betrayed MMD members who voted for her as chairperson at the MMD convention.

Efforts to get a comment from Ms Masebo failed as her mobile phone went unanswered.
Ms. Masebo has also not applied to re-contest her Chongwe parliamentary seat in this year’s elections under MMD.

[ ZNBC ]

SESTUZ praise state for the teacher deployment.

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The Secondary School Teachers Union of Zambia (SESTUZ) has commended government for recruiting over 4, 900 teachers across the country.

SESTUZ President Nyambe Sefulo says the move taken by government will help reduce the abnormal workload being experienced by teachers.

In an interview with QFM, Mr. Sefulo observed that it is gratifying to note that rural areas have been given top preference in the posting of teachers.

He has since urged government to accelerate the payment of settling in allowances to teachers to avoid unnecessary suffering in their new areas of deployment.

Government, through the ministry of education has recruited over 4, 900 teachers in both high schools and basic schools across the country.

[ QFM ]

Mobile clinics getting adequate funding, says CB doc

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COPPERBELT Province mobile hospital coordinator Alex Makupe has said the unit has continued recording successes in healthcare provision because the Government is providing adequate funding.

Dr Makupe said in Ndola yesterday that a detailed report on the findings of the team of doctors and medical specialists assigned to provide mobile health services to the rural communities in Mpongwe and Masaiti districts had been submitted to the Ministry of Health.

He said after reviewing the report, the Government was expected to come up with ways to further improve service delivery and effectiveness.

“The Government has shown its political will, there is a growing demand for the mobile services and this is really challenging to the team of doctors and other support staff,” Dr Makupe said.

He said the mobile hospital unit would this month-end be stationed at the Zambia International Trade Fair in Ndola to provide treatment to visitors to the Fair.

Dr Makupe said it was important to allow members of the public a chance to appreciate the operations of mobile hospitals and at the same time get treatment.

“From June 30 up to July 5, we are going to be at the Trade Fair Grounds where we will be attending to some minor health problems and emergencies during the show period,” he said.

Dr Makupe said the hospital unit would next month be shifted to Lufwanyama District to resume its normal rural healthcare provision.
[Times of Zambia]

MOVIE REVIEW

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THOR

 

 

 

 

 

 

 

 

 

 

Thor is a must see movie. It has action, humor, drama and a bit of romance. One could call it a full package.

The movie centers on Thor and his mighty hammer. He is about to inherit the throne from his ailing and aged father Odin, when an unexpected incursion by the Asgardians’ longstanding foes, the Frost giants, disrupts the coronation. Thor does not heed his father’s words so the powerful but arrogant god of thunder is banished to earth where he is forced to live amongst the humans.

There is pleasure to be plundered from some of the battle scenes, especially when Thor is confronting frost giants with blood-red eyes, and from the culture clash that resounds when he is banished to present-day Earth.

PROS

Chris Hemsworth was a good choice of actor to play Thor, he played the role perfectly.

There was an interesting twist about Thor’s brother Loki.

The visual effects were excellent.

CONS

Not enough time was given to develop the relationship between Thor (Chris Hemsworth) and Jane fosters (Natalie Portman).

The storyline was a bit predictable.

CONCLUSION

Thor is a very entertaining super hero, adventure movie that will leave wanting more of the hammer wielding god of thunder and is guaranteed to leave you with a smile on your face.
FAVORITE QUOTES

Odin: He has disobeyed his king. His fate is in his own hands now.

Fandral: Our dear friend is banished to Earth! Loki sits on the throne of Asgard as our King! And all you have done is eat two boars, six pheasants a side of beef and drink two barrels of ale! Shame on you!



By Kapa187

High mining taxes unrealistic – State

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Finance Minister Situmbeko Musokotwane

The Government has maintained that pressure to force it to impose higher taxes on mining companies is unrealistic because the Zambian law on taxation is a replica of the laws in developed countries such as Canada and Australia.

Finance and National Planning Minister Situmbeko Musokotwane has also maintained that the Government’s decision to privatise the mining companies is irreversible because the current poverty levels and under-development in the mining hubs had resulted from the mistakes made in the 1970s when the mining companies were nationalised.

Speaking during a recording of the British Broadcasting Corporation (BBC) television debate at Mulungushi International Conference Centre in Lusaka yesterday, Dr Musokotwane said African countries were encouraged to nationalise for them to become rich but the opposite was true.

He said the mining companies had matured and were able to pay more taxes that had helped the Government raise more money for various development projects.

He said the windfall tax being agitated for would make Zambia less attractive to foreign investors and lead to massive job losses.

Apart from Dr Musokotwane, the debate featured former British secretary of state for international development, Claire Short, Andrew de Simeone from the Brazilian mining giant Vale, and Mopani Copper Mines chief executive officer Emmanuel Mutati, and was moderated by BBC broadcaster Tihabi Redi.

Ms Short said Africa’s wealth had become a curse instead of it being a tool for poverty reduction, but Dr Musokotwane opposed the view and said minerals had done a lot for Zambia by creating jobs while the money from taxes was being used for poverty reduction.

He said the value of mining declined because of the poor management of the companies, especially when they were nationalised, but that the fortunes had changed drastically.

Dr Musokotwane said the law guiding the mining systems in Zambia was similar to the one obtaining in countries like Canada, Australia, and South Africa and that it was wrong to demand that Zambia should have a special tax that was not applying to other mineral-producing countries.

[ Times of Zambia ]

L/stone listeners tell off Chitala, Mulongoti

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Mike Mulongoti

Some Livingstone residents have asked former Zambian ambassador to Libya Mbita Chitala and former Works and Supply minister Mike Mulongoti to retire from active politics because they have become irrelevant to Zambian politics.

The residents said the two were currently attacking the MMD and the Government because they were out of the ruling party.

But Dr Chitala and Mr Mulongoti, who featured on a phone-in programme on Zambezi FM in Livingstone yesterday, insisted that they had a right to actively participate in politics and claimed that the MMD Government had failed to run the affairs of the country.

A resident, Neto Halwabala said Mr Mulongoti had been in Government for a long time and had nothing new to offer to Zambians.

Mr Halwabala wondered why the former minister was currently supporting Patriotic Front (PF) and its leader Michael Sata and yet he criticised Mr Sata when he served as a minister in the MMD Government.

Contributing to the programme, Mr Halwabala described Mr Mulongoti as a person who was ever changing positions on national issues.

“You used to call Mr Sata all sorts of names but all of a sudden you are now supporting the PF leader simply because you are out of Government. Is Mr Sata now different from the person you used to criticise some years ago?” Mr Halwabala asked.

Other callers said Mr Mulongoti was a double-tongued and arrogant person who could not be trusted.

Some callers, who preferred to remain anonymous, said Mr Sata was known to be a violent man and it would, therefore, be wrong for Dr Chitala or anyone to support the PF leader.

In response, Dr Chitala said he decided to endorse PF because it was the only party that had higher chances of winning this year’s elections while Mr Mulongoti said he would officially announce his endorsement after the dissolution of Parliament this year.

They both maintained that MMD had failed to run the affairs of the country and that the United Party for National Development (UPND) had no chances of winning the elections.
[ Times of Zambia ]

Sata has no credibility — HH

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PF leader Michael Sata and UPND leader Hakainde Hichilema

UNITED Party for National Development (UPND) president, Hakainde Hichilema has said Patriotic Front (PF) leader Michael Sata has no credibility and is only depending on The Post newspaper to boost his image.

Mr Hichilema said at a Press briefing in Lusaka yesterday that Mr Sata’s popularity had reached a new low despite the vigorous campaign launched for him by The Post, which he described as a PF information department.

He said Mr Sata’s popularity had drastically gone down and that The Post had failed to revive it.

Mr Hichilema said the newly-coined slogan that PF had formed a pact with the people of Zambia was a smokescreen having realised that there was nothing left for Mr Sata.

“They want change, what change do they want because they have been in Government for over 57 years? What has been changing are titles, today he is governor tomorrow he is minister and so on,” Mr Hichilema said.

He said The Post had resolved to stop covering UPND and wondered why the tabloid had started fabricating lies that his party was discussing formation of an alliance with the ruling MMD.

Mr Hichilema said apart from personal attacks against leaders and calling them by their tribes, Mr Sata did not know how to articulate issues and did not even understand economic management.

“You cannot have a newspaper which is always fighting people. I cannot sue them because I do not have a small brain and I do not make money out of suing others, I do business. We will just continue talking about these issues but things will be fine one day,” Mr Hichilema said.

He said if he won the elections, he would provide free education to the Zambian people and grow the economy by re-introducing windfall taxes for the benefit of the Zambian people.

The UPND leader said The Post newspaper was becoming unprofessional by not calling UPND to seek clarification each time they made accusations.

“We are ahead and The Post newspaper and their candidates are trailing. This is the reason they are panicking and fabricating lies about alliances which do not exist,” Mr Hichilema said.

The UPND president called on the Electoral Commission of Zambia (ECZ) to resolve anomalies on the voters’ register, and that he had asked for a meeting with them to discuss some important electoral issues.

He said this would guarantee free and fair elections and bragged that he had been to the United States of America to discuss democracy which some leaders like Mr Sata had never done.
[ Times of Zambia ]

Mwanawasa never delegated Mpombo – State

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Vice President George Kunda

GOVERNMENT has dispelled assertions that President Mwanawasa delegated the instruments of power to former Minister of Defence George Mpombo on his last trip to Egypt.

Vice-President George Kunda told Parliament yesterday that according to the Government Gazette notice number 307 of 2008, President Mwanawasa delegated the functions of the presidency to then vice-president Rupiah Banda from June 28 to July 2, 2008.

Mr Kunda was responding to Kabwata member of Parliament Given Lubinda (PF), who wanted to know whether Dr Mwanawasa legally delegated the functions of the head of State before he left for Egypt on his last trip in 2008, under which Gazette notice the functions were delegated and to whom.

Mr Lubinda posed the query during the session on questions for oral answer. Mr Kunda said President Mwanawasa did not delegate any functions of head of State to Mr Mpombo and no such Gazette notice exists.

And Minister of Agriculture and Co-operative Eustarckio Kazonga says Government is committed to ensuring that farmers use safe farming methods to avoid soil degradation.

Dr Kazonga said Government is aware of the benefits of using organic fertiliser, which help to preserve the environment.

He said in Parliament yesterday during the question and answer session. He was responding to Kalulushi MP Anson Simama (PF) who wanted to know what measures the Ministry of Agriculture and Co-operatives has taken to encourage farmers to use organic manure instead of chemical fertilisers, which contribute to land degradation.

Dr Kazonga said the Ministry of Agriculture encourages farmers to use organic fertilisers because they are safe and could be used with organic manure.

Rupiah, Chinese officials confer
By CHARLES MUSONDA

PRESIDENT Banda yesterday held a private meeting with a delegation from the Communist Party of China (CPC), which is in the country to strengthen ties between Zambia and China.

The meeting, which lasted about 30 minutes, took place at State House and was attended by MMD national chairman Michael Mabenga and party national secretary Major Richard Kachingwe.

Speaking to journalists after the meeting, the CPC delegation’s spokesperson Zhou Guohul said the delegation is in the country at the invitation of the MMD to strengthen bilateral relations between the CPC and the ruling party; and between the Chinese and Zambians.

“The head of the delegation had a very good meeting with President Banda. They have exchanged views politically, economically and in other areas. They agreed to continue to strengthen the good relations between our two parties and our peoples,” Mr Zhou said.

He said although the CPC and the MMD have different political ideologies and economic policies, his party adheres to the principle of equality, respect and non-interference in the internal affairs of other parties.

“This is the guidance we would like to use in establishing and strengthening our relations and exchanges with all parties and friends in Africa,” Mr Zhou said.

He said when the MMD came to power in 1991, it established and eventually strengthened ties with the CPC.

Mr Zhou said during the meeting, President Banda defended China on the recent concerns raised by United States Secretary of State Hilary Clinton that China is not transparent in its dealings with other countries, and that it does not observe the principles of good governance.

He said Mr Banda noted that Zambia must co-operate with China in the same way it co-operates with the US.

“Besides, China has a long history of traditional friendship with Zambia,” he said.

And Mr Zhou said the delegation’s visit to Zambia has nothing to do with this year’s elections.

“We are here for the friendship, not only between our parties but also between our people. We don’t think this has anything to do with elections,” he said.

[Zambia Daily Mail]

MMD not short of aspirants to contest the Chongwe parliamentary seat-Siliya

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Dora Siliya
Dora Siliya

MMD spokesperson Dora Siliya says the MMD is not short of aspirants to contest the Chongwe parliamentary seat.

Ms Siliya said in an interview yesterday that the MMD cannot compel anyone to contest the seat.

“We cannot force anyone to contest a position they do not want. The process is ongoing and the sitting MP Sylvia Masebo may still apply. Let us wait until the adoption of candidates is closed,” Ms Siliya said.

Ms Siliya was commenting on insinuations that Ms Masebo has declined to re-contest the seat on the MMD ticket.

She said should Ms Masebo officially declare to the MMD that she is not contesting the Chongwe seat, the party will pick a candidate from other applicants.

Ms Siliya, who is also Minister of Education, said the MMD has a vision for development and that there are many people in Chongwe who share the same vision and can carry the party agenda forward as MPs.

She said Ms Masebo is still a member of the party until she officially indicates that she has ceased to belong to MMD.

“Ms Masebo has not written to the ruling party and is therefore considered a senior member of the MMD.”

Ms Siliya said that the fact that Ms Masebo has not applied to be adopted to re-contest her seat on the MMD ticket is not an indication that she has ceased to be a member of the party.

She said if Ms Masebo, who is also MMD national chairperson for women’s affairs, decides not to re-contest her seat, she can still remain an ordinary member of the party.

Ms Siliya said members of the public should not hold on to the thinking and notion that an MP is the only person who represents the party.

Meanwhile, CHARLES CHISALA reports that Lusaka lawyer Hobday Kabwe has urged MMD members in Chiengi Constituency in Luapula Province to remain united and heed their member of Parliament Katele Kalumba’s advice to ensure that President Banda wins this year’s poll.

Mr Kabwe, who was recently in Chiengi to file his application for adoption as parliamentary candidate on the MMD ticket, said the party leadership and rank and file in the constituency must take Dr Kalumba’s advice seriously.

“We need to be united as a party to deliver victory to President Banda as Dr Kalumba has advised us. All members must heed Dr Kalumba’s advice,” he said.

Mr Kabwe said he is confident that the problems the party is currently experiencing in Chiengi will be resolved as soon as possible so that mobilisation is not derailed.

“I do not believe that the problems the party is experiencing in the constituency are insurmountable. I have a lot of confidence in the constituency, district and provincial leadership’s ability to resolve the issues,” Mr Kabwe said.

He advised members to discuss MMD matters internally instead of issuing negative statements in the media because that can divide the party.

Mr Kabwe said it is important for leaders and ordinary members to refrain from activities that are inimical to the interests of the ruling party because that will only benefit its enemies.

“The negative statements and activities that are contrary to the advice of the member of Parliament, the provincial and national leadership will only give the enemies of the party an advantage. We must always be united to strengthen our party,” he said.

Lately, there have been stories in the media suggesting problems around the adoption of a parliamentary candidate for Chiengi Constituency, currently held by former MMD national secretary Katele Kalumba.

[Zambia Daily Mail]

Zambia Daily Mail files a counter-claim in court against Fr Bwalya

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Fathers Frank Bwalya selling his red cards at the PF rally.
Fathers Frank Bwalya selling his red cards at the PF rally.

CATHOLIC priest Frank Bwalya is socially wanting and of questionable character and standing in society, the Zambia Daily Mail has observed.

This is according to a defence and counter-claim filed in the Lusaka High Court against Father Bwalya’s defamation of character suit.

The defendants argue that Father Bwalya has never denied fathering a child on the Copperbelt and yet he insists on exhibiting a ‘holier than thou’ attitude towards President Banda and the MMD government on social and political issues.

Early this year, Fr Bwalya sued reporters Angela Chishimba and Wallen Simwaka, former Patriotic Front secretary general Edward Mumbi and the Zambia Daily Mail for defamation of character.

The suit followed the publication of a story in March, regarding Fr Bwalya siring a child on the Copperbelt. The priest is demanding K5 billion in damages.

“When contacted for a comment on the revelation that he had fathered a child, Fr Bwalya did confirm that his child was in Ndola and not in Kitwe,” the claim says.

The defendants also argue that Fr Bwalya has continuously involved himself in partisan politics, spending most of his time denouncing the government and insulting President Banda without any justification.

The defence and counter-claim also says Fr Bwalya has openly campaigned for a political party in Mumbwa, Mporokoso and other parts of the country and has frequently used vulgar language.

“Fr Bwalya has also exhibited dishonesty by claiming to be executive director of Change Life Zambia and using the organisation to gain political mileage, until the truth was discovered.

“The plaintiff’s conduct as a priest has been contrary to the provisions of the Holy Bible. He has disregarded Romans 13 verses 1 to 7 partly stating that “Let every soul be subject to the governing authority. For there is no authority except from God, and the authorities that exist are appointed by God. Whoever resists authority resists the authority of God, for the rulers are not a terror of good works but to evil…”

At trial, the defendants will cite other examples in denial of the plaintiff’s allegations contained in the Statement of Claim and will produce witnesses as and when need arises.

The defendants do not dispute that the articles were published but deny that the said words or articles referred to were defamatory.

According to the particulars of slander raised by the defendants, Fr Bwalya on several occasions between the year 2009 and 2011 uttered disparaging remarks, words and innuendo against the Zambia Daily Mail and its sister paper, the Sunday Mail, describing the publications as not worth reading.

“As a result, the Zambia Daily Mail publications have not enjoyed as wide a readership as some newspapers have, resulting into substantial loss of business.”

Fr Bwalya has also on several occasions uttered disparaging remarks, words and innuendo against the Zambia Daily Mail’s servants or agents, regarding their professional work and calling, thus lowering their professional integrity and standing.

The Catholic Priest’s slander against the Zambia Daily Mail and its servants or agents was understood to mean that the media institution and its journalists are unprofessional, incompetent and totally biased.

As a result, the Zambia Daily Mail and its agents or servants have been lowered in their professional standing in society and suffered injury to their character, reputation and professional standing.

The media institution filed a counter-claim against Fr Bwalya for general damages for slander and aggravated and exemplary damages.

Other claims include interest on damages at current bank ruling rates and costs.

[Zambia Daily Mail]

The change agenda is being exaggerated-Muhabi Lungu

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Zambia Development Agency Acting Director Muhabi Lungu (left) is flanked by Communications Manager Margaret Chimanse at a press briefing in Lusaka.
Muhabi Lungu

THE ‘change agenda’ being advocated by some people is exaggerated as most Zambians are happy with President Banda’s leadership, former Zambia Development Agency (ZDA) director for investment and promotion Muhabi Lungu said in Lusaka yesterday.

Mr Lungu said voters must assess President Banda’s performance based on the three years he has been in office, and not on the 20 years the MMD has been in power.

Mr Lungu, who recently re-joined the MMD, said on Hot FM Radio’s Hot Seat programme that Zambia’s economy has been recording positive growth in all sectors and change advocates must appreciate this.

He said there is no need to change a government that is doing the correct thing and that he has no doubt that the MMD will win this year’s elections.

“Looking at the three main contenders for the republican presidency, the only person, who has demonstrated his capabilities, is President Banda,” Mr Lungu said.

He said although Patriotic Front president Michael Sata, and United Party for National Development president Hakainde Hichilema are saying 20 years of the MMD is too much, they were both part of that era.

Mr Lungu said Mr Sata held various senior positions in the MMD and government, including that of Minister Without Portfolio and secretary general of the party, while Mr Hichilema was involved in the privatisation of major companies.

“President Banda should be evaluated on his performance in the last three years he has led government. Even credible international organisations and United States Secretary of State Hilary Clinton have commended Zambia on its economic performance,” Mr Lungu said.

He said Mr Banda is the only presidential aspirant who has demonstrated democratic credentials.

Mr Lungu said some opposition leaders have never been elected by their members and that because of their tendency to hold on to power, it will be difficult to remove them from office if they were elected President.

He said it is just as well President Banda was republican Vice-President at the time of President Mwanawasa’s death because had it been other people, they would have refused to hold elections within three months as required by law.
Mr Lungu said the MMD government is doing all it can for the people of Zambia and must be given another mandate in this year’s elections.

“Yes, the economy has grown and we are not saying that we have solved everyone’s problems. Zambians must vote for President Banda and the MMD so that they can have a better future,” he said.

He said it is because the country is moving in the right direction that some people are now falsely accusing President Banda of doing things he is not even capable of doing.

Mr Lungu said the people making accusations against the President do not even have evidence and emphasised that President Banda has done enough to guarantee his return to State House.

He said he is ready to campaign for the MMD because it is the only party that has a vision for Zambia.

“I am back in the MMD because President Banda’s government is implementing the policies I believe in. As young people, it is time to get involved in the political dispensation of this country. I believe in the ideals and values of President Banda and the MMD,” Mr Lungu said.

And MARTIN NKOLOMBA reports that MMD spokesperson Dora Siliya says Zambians do not want change that will introduce perverse cultures in the country.

Ms Siliya said on Zambia National Broadcasting Corporation news yesterday that Zambians do not want negative change such as the one being promised by opposition Patriotic Front president Michael Sata, who is promoting homosexuality.

Ms Siliya said Zambians need positive change such as that being provided by President Banda through the improvement of infrastructure.

[Zambia Daily Mail]

Rupiah, Chinese officials confer

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PRESIDENT Banda  with a delegation from the Communist Party of China (CPC)
PRESIDENT Banda with a delegation from the Communist Party of China (CPC)

PRESIDENT Banda yesterday held a private meeting with a delegation from the Communist Party of China (CPC), which is in the country to strengthen ties between Zambia and China.

The meeting, which lasted about 30 minutes, took place at State House and was attended by MMD national chairman Michael Mabenga and party national secretary Major Richard Kachingwe.

Speaking to journalists after the meeting, the CPC delegation’s spokesperson Zhou Guohul said the delegation is in the country at the invitation of the MMD to strengthen bilateral relations between the CPC and the ruling party; and between the Chinese and Zambians.

“The head of the delegation had a very good meeting with President Banda. They have exchanged views politically, economically and in other areas. They agreed to continue to strengthen the good relations between our two parties and our peoples,” Mr Zhou said.

He said although the CPC and the MMD have different political ideologies and economic policies, his party adheres to the principle of equality, respect and non-interference in the internal affairs of other parties.

“This is the guidance we would like to use in establishing and strengthening our relations and exchanges with all parties and friends in Africa,” Mr Zhou said.

He said when the MMD came to power in 1991, it established and eventually strengthened ties with the CPC.

Mr Zhou said during the meeting, President Banda defended China on the recent concerns raised by United States Secretary of State Hilary Clinton that China is not transparent in its dealings with other countries, and that it does not observe the principles of good governance.

He said Mr Banda noted that Zambia must co-operate with China in the same way it co-operates with the US.

“Besides, China has a long history of traditional friendship with Zambia,” he said.

And Mr Zhou said the delegation’s visit to Zambia has nothing to do with this year’s elections.

“We are here for the friendship, not only between our parties but also between our people. We don’t think this has anything to do with elections,” he said.

[Zambia Daily Mail]

Mining firms urged to consider dual listing

0

THE JSE Stock Exchange says mining companies in Zambia should consider floating shares through dual listing to effectively tap into international investors.

And the stock exchange has commended First Quantum Minerals (FQM)for the recent announcement to float shares on the local bourse saying it will increase confidence in the economy.

JSE business development manager Geoff Musekiwa said there is need for African countries such as Zambia to encourage dual listings to be able to tap into deeper markets for development capital.

“Companies with mining activities in African countries will be able to raise significant funds for new and existing projects if dual listings through initial public offers are effectively pursued,” he said.

He said dual listing is important because firms are able to identify with certain assets and diversify investment portfolio with a view of available assets.

A dual-listed company or DLC is a corporate structure in which two corporations function as a single operating business through a legal equalisation agreement, but retain separate legal identities and stock exchange listings.

Mr Musekiwa said this in a presentation dubbed ‘Capital Raising in African Capital markets- Building Competitive Environments’ at Zambia’s first International Mining and Energy indaba and exhibition in Lusaka yesterday.

He said countries such as Zambia with only one mining stock listing, Zimbabwe with four, Ghana with two and Mali with 11 could benefit immensely if more companies floated shares via dual listing.

He called for an international best practice standard for capital markets, correspondence of ideas in harmonising the capital market system and introducing new products on African stock markets if more mining firms are to be motivated to raise capital.

He said capital markets in most African countries are starved of investment instruments for capital raising hence the need for effective measures to remedy the situation.

On FQM listing, Mr Musekiwa said the move by the company to list shares is a positive step for the growth of the capital market.

He called for more education programmes that will inspire more firms to list shares for long-term financing of various developmental projects.

The JSE Stock Exchange (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) lists more than 400 companies and has market capitalisation of over $182 billion, making it the largest exchange in Africa and among the top ten in the world.

The exchange trades shares for a wide variety of industries, with the largest portion of market capitalisation coming from the mining industry.

[Zambia Daily Mail]

Mighty Visit Lusaka

11

Mighty Mufulira Wanderers will make a rare league appearance in Lusaka this weekend.

The Shinde side will be away to struggling Lusaka Dynamos on Saturday whom they play in a Division 1 North Week 15 game at Queensmead Stadium.

This will be the fallen legendary cup and league campaigner’s first competitive game in Lusaka since September, 2009 when they faced Nkana in a marketed league game.

Mighty lost 2-1 to Nkana in the game played at Nkoloma Stadium.

And financially beleaguered Dynamos are banking on Mighty’s popularity to cash in on this home game.

Dynamos, who were demoted from the Faz Super Division in 2010, are in a crisis as owner Hanif Adams searches for a buyer for the club that he has built for the last three decades.

Without a buyer coming over the horizon, Dynamos are operating on a shoestring budget as they battle to fulfil their eight away games in Kabwe and on the Copperbelt.

Dynamos are currently third from bottom on Division 1 North table on 10 points with just two wins from 13 games.

Meanwhile unbeaten Wanderers, who last played in the top flight in 2005 for one season after being demoted for the first time in 2002, are in third placed on 22 points, seven points behind leaders Indeni of Ndola.

Explain corruption policies, Political parties urged.

5

Transparency international Zambia (TIZ) has urged political parties participating in this year’s elections to clearly explain their Anti-Corruption policies to Zambia.

TIZ president Reuben Lifuka told journalists that the politicians should clearly indicate how they intend to fight corruption so as to improve the country’s governance system.

Mr. Lifuka says there is also need for the public sector to be nuetral.

He added that once public institutions become independent from political interference, it will be easy for them to operate efficiently.

He observed that corruption had only affected the development of the country but that is has also proved to be expensive in public expenditure.
[ QFM ]