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State appoints rating agencies

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Bank of Zambia of Zambia governor Caleb fundanga (right )

GOVERNMENT has appointed two global rating agencies, Fitch Ratings Limited and Standard and Poors (S&P) to provide an independent and prospective credit opinion on Zambia.

The Fitch Ratings and S&P are widely recognised by investors, issuers, and bankers for their credible, transparent and timely coverage.

Fitch Ratings is headquartered in New York and London and is part of the Fitch Group while S&P is a United States of America based institution.

Bank of Zambia (BoZ) Governor Caleb Fundanga in an interview said J P Morgan is still on board as the transaction advisers.

“We are waiting for the rating agencies to do their jobs. The process is being driven by the Ministry of Finance and National Planning,” he said.

Dr Fundanga said the economic fundamentals are now in place with reduced inflation and high gross domestic product growth.

He said Zambia is one of the countries that were adversely affected by the global financial crisis and has managed to recover quickly while other nations have not.

[pullquote]“The time is now for Zambia to be rated. The economy generally is diversifying; tourism is growing and construction is also growing. The only sector where more needs to be done is manufacturing,” he said.[/pullquote]

He said Zambia’s recovery from the global crisis was fast, adding that the price of copper is now at its highest with the country also having the highest food harvest.

“The time is now for Zambia to be rated. The economy generally is diversifying; tourism is growing and construction is also growing. The only sector where more needs to be done is manufacturing,” he said.

Dr Fundanga also pointed out that there is a lot of interest from portfolio investors in Government securities.

He said the global investors who were shunning the country during the global financial crisis are now coming back.

Meanwhile, the central bank is working towards the introduction of inflation targeting framework.

Dr Fundanga said there are a lot of things that need to be done such as improving research capacity, adding that when the monetary policy committee meets, it will need to have well researched data on which to base decisions.

He said BoZ already has a research division, which is looking at what is needed for Zambia to migrate towards inflation targeting framework.

“It requires a lot of work. Even appointing people to be in the committee, we need to choose people that are well informed that can understand the complicated formulas and other things the researchers will be providing,” he said.

BoZ has been working on the matter for a long time in co-operation with the Bank of England officials who have been visiting Zambia from time to time to hold workshops.

[Zambia Daily Mail]

We’ll win Chilanga, Mpulungu – RB

President Rupiah Banda

PResident Rupiah Banda has said MMD would emerge victorious in both the Mpulungu and Chilanga parliamentary by-elections.

Speaking at the airport in Lusaka when he left for Mpulungu yesterday, President Banda said the MMD was ready to retain both seats even though the opposition wanted to portray that the ruling party was losing support.

And when he arrived in Mpulungu to address a series of rallies to drum up support for the MMD candidate Given Mung’omba, Mr Banda said the MMD was ready physically and mentally to campaign and retain the Mpulungu Constituency.

“This election is critical because the opposition want to make it look as though our party is dwindling and would therefore try by all means to win the by-election,” Mr Banda said.

He said Mpulungu constituency belonged to the MMD and it should continue that way after the October 25 Mpulungu by-election.

The MMD members should work hard to win the upcoming election and must not allow the opposition to emerge winners.

He said MMD was the only party that had nationwide support unlike the opposition parties that attracted sections of particular people only.

Mr Banda said MMD members should also work hard to win the 2011 general elections that were equally critical for the party.

He said he was happy to see so many residents of Mbala and Mpulungu dressed in MMD party attire saying he was hopeful that in 2011 the Northern Province would also be in ‘blue’.

Mr Banda said the MMD had remained solid despite attacks because of members like those in Northern Province that were the ‘true blue’.

Northern Province acting MMD chairperson Gaston Sichilima said the people of Mbala and Mpulungu had formed a joint force to chase PF leader Michael Sata out of Northern Province.

Mr Sichilima said the people of Northern Province had come to realise that Mr Sata was not a good leader to run the affairs of the country.

He said even Zambia’s Vice-President George Kunda had foreseen the cracks of the PF-UPND Pact which had now been buried.

Mpulungu Constituency seat fell vacant after the MMD MPLameck Chibombamilimo died.
Meanwhile, President Banda has said Government retained the Mpulungu Port in Mpulungu from private ownership to empower the residents of Mpulungu.

Government wanted to make Mpulungu District a modern town and that could only be done if the people of Mpulungu were empowered by running the port.

[ Times of Zambia ]

Trade with China important – Nsemukila

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Governments say it is important for Zambia to trade with China as it is among the major growing economies in the world.

Commerce, trade and industry Permanent Secretary bulleti Nsemukila says China is a very powerful growing economy which creates a very conducive environment for Zambia to trade.

Mr Nsemukila said this today in China after he toured the Zambian stand at the on going 2010 Shanghai Expo in China, under the theme “Better City -Better Life.”

He said the Shanghai Expo has presented a brilliant environment for promoting investment in Zambia.

“Zambia is participating in the expo to showcase some of the things we need to showcase to create that niche within their kind of expectations, what kind of products they would get from Zambia and create a market for that” he explained.

He noted that the theme for the Expo ‘Better City -Better life’, creates an environment were Zambia is trying to integrate culture, tourism and natural resources in terms of were we want to live.
[pullquote]”Zambia is participating in the expo to showcase some of the things we need to showcase to create that niche within their kind of expectations, what kind of products they would get from Zambia and create a market for that” he explained.[/pullquote]
“The theme Better city-Better Life” gives us a view of how we would like to see Zambia, the Zambian Government has put in a lot of effort to improve the infrastructure, so that we create an environment were we make it a better city” Mr. Nsemukila said.

And Zambia Development Agency Director Investment Promotion Muhabi Lungu said Zambian companies that have participated in the expo have had a good trade in curios and other products from Zambia.

Mr Lungu explained that an investment forum will be held on Saturday October 23 to show case the investment incentives available in Zambia.

He said the forum which will officially be opened by the Vice President has attracted 80 Chinese companies and 20 Zambian companies and is aimed at linking companies together so that they can explore business opportunities.

Mr Lungu also explained that the Shanghai expo has also managed to link up a Chinese company interested in cobalt in Zambia and several other missions.

The Shanghai 2010 Expo which opened in May is being held on the banks of the Huanpu River in the city of Shanghai, China.

The theme “Better City-Better life” signifies Shanghai’s new status in the 21st century as the “next great world city.”

The 2010 Shanghai expo has attracted over 242 countries and international organizations. The scale of this event has been the largest in the history of expos.

The main theme for the expo is Better city- Better life”, the five sub themes are, blending of diverse cultures in the city, economic prosperity in the city, innovation of science and technology in the city and rural urban interaction.

The expo’s main mission is to offer a platform for global dialogue and to show concrete ways to achieve a happier future urban life. In addition the expo will offer an opportunity for cross-culture dialogues.

Before the conclusion of the exposition on the 31st of October, a “Shanghai Declaration ‘ will be issued, this declaration hopefully a milestone in the future of the world expositions, will epitomise the insights to be offered by the participants and embody people’s ideas for future cooperation and development and extensive common aspirations.

[ ZANIS ]

TIZ bemoanes the removal of abuse of office clause

Transparency International of Zambia (TIZ) says the removal of abuse of office clause from the Anti Corruption Commission Act will have serious consequences on the fight against corruption in the country.

TIZ Executive Director Goodwell Lungu said Zambia has diverted from the United Nations convention against corruption and the southern African developing community SADC protocol against corruption which it signed.

Mr. Lungu said the removal of the clause which acted as a deterrent to would be offenders, will be an opportunity for individuals to misappropriate public funds.

He appealed to President Rupiah Banda to ensure that the bill is not passed into law as it will be a tragedy for the country.

And the TIZ executive director has advised employers in the country not to take advantage of Zambian employees who do not know their rights.

Mr. Lungu said casualization of labour is a sign of bad governance amongst employers.

He noted that there is need for the Ministry of Labour to intervene in the workers plight for better conditions.

Mr. Lungu was commenting on the recent shooting of eleven miners at the collum coal mine in Sinazongwe and the rioting by Zcon construction workers at the levy business park.

Both working groups were fighting for better conditions of services at their work places.
[ QFM ]

Health PS rebukes Shangombo DC

Ministry of Health Permanent Secretary Peter Mwaba has taken Shangombo District Commissioner (DC) to task for allowing Food Reserve Agency (FRA) to use the unfinished infrastructure meant for a health centre as a storage shade.

Dr. Mwaba said much as he appreciate the role of FRA, they should not disturb construction works at the site.

The Permanent Secretary is in Shangombo to see progress on the district hospital which is being constructed.

The PS and his team also inspected ten staff houses and nurse’s hostels and an abandoned administration block.

Commenting on the administration block, the PS directed the DC to terminate the contract of the contractor for the block and find possible means to make him pay back the K30 million down payment.

The contractor is said to have disappeared with the money after doing a slab.

However Shangombo DC Masheke Kabayo commended FRA for purchasing all the maize in his district.

Mr. Kabayo said farmers in the area who supplied maize to FRA have since been paid.

He said that FRA had released about K1.3 billion to pay farmers.

He said farmers are happy and encouraged to work even harder to produce another bumper harvest in the starting season.

Mr. Kabayo however urged FRA to quickly transport the commodity before the onset of rains to avoid the maize going to waste.

The maize is currently stored in one of the unfinished buildings at the newly constructed Shangombo District Hospital.

[ ZANIS ]

Chipungu Calls for Probe on Feasting Athletes

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Sports minister Kenneth Chipungu has launched a commission of inquiry into the poor performance by Zambia’s feasting athletes at the Commonwealth Games in India.

Chipungu said today that it seems like the team focused more on banqueting in New Delhi than competing at the Commonwealth Games.

“I have constituted a committee to investigate why Zambia performed poorly and come up with recommendations,” Chipungu said.

“We cannot continue with this performance year in year out. We need to pull our socks and learn from other countries.

“I warned these guys. You know that if you concentrate too much on food you won’t perform and it is like that happened.”

Zambia finished medal-less in what was a mediocre performance by most of the 22-member team especially in the squash, athletics, boxing and swimming where the competitors all made early exists.

Judge orders IG to court over meeting disruption at Simenza Sangwa’s firm

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Inspector General Francis Kabonde
File: Inspector General Francis Kabonde

Lusaka High Court Judge Gregory Phiri has ordered Inspector General of Police Francis Kabonde to avail himself in  court this afternoon and  the police officer who was in charge when police disrupted a meeting of state advocates at Simenza Sangwa and associates law firm

Judge Phiri has ordered that the police officer should be in court by 14:30 hours this afternoon to give a full account of what transpired.

The judge described last evenings disruption of the meeting as unbelievable.

He said this is because police and state advocates meet each other and should always work together in prosecuting matters.

Judge Phiri was prompted to make the order after Law Association of Zambia President Stephen Lungu placed on record that the association is deeply concerned about what transpired last evening.

Mr Lungu told the court that every legal practitioner should be allowed to operate independently and without fear.

This is in a matter in which Inktech Managing Director Matthew Mohan and two others are facing murder charges of Lusaka businessman Sajid Itowala.

Police last evening stormed Simeza Sangwa law firm and disrupted an official meeting called by state advocates from the Director of Public Prosecutions chambers, Sajid Itowala’s family and a member of the Law Association of Zambia.

[ZNBC]

Pact confusing Zambians – Mukuni

Chief Mukuni Munokalya of the Toka Leya people of Southern Province has said the PF/UPND Pact has merely confused Zambians more than trying to serve the purpose it was founded upon.

Chief Mukuni said in Lusaka yesterday that it was difficult for any ordinary Zambian to clearly understand what the pact was up to except the leaders in it and that it was difficult to know if they were serious.

“I do not understand the pact, only the people in it know and it’s just confusing the people of this country. Outsiders cannot follow what is going on. We Zambians, do not know if they are serious or serving any purpose,” he said.

The chief expressed happiness at the decision by the various political party leaders to sit down and denounce political violence.

The violence witnessed mainly during by-elections did nothing for the ordinary Zambians except that it traumatised them.

The chief said the move by candidates contesting the Chilanga by-elections to denounce violence was the first step to good politics in Zambia and hoped the pronouncements would not end there but spread to the whole country.

“Besides, this violence is being championed by parties hoping to intimidate voters during by-elections so that their opponents stay away, but we have a general election coming, they will not be able to transport violent people to all constituencies,” the Chief said.

Zambians could not be cheated anymore and that any party or group that would not have a good manifesto might as well forget about making the next Government.

Govt engages Chinese govt on Collum Coal mine employees – Lungu

One of the victims shoot by the Chinese Nationals Wallen Muntanga 28 at Maamba Hospital ward

Government has engaged the Chinese Government through its embassy in Lusaka to pay the Zambian employees at the Chinese-run Collum Coal mine in Sinazongwe district, Southern province.

And Government has appealed to foreign investors to abide and respect the Zambian labour laws failure to which appropriate punishment will be meted on them.

Home Affairs Minister Mkhondo Lungu told parliament on Wednesday that government is saddened by the Collum Coal mine shooting which occurred a few days ago where 11 mine workers and a passerby where shot at by two mine managers.

Delivering a ministerial statement in parliament yesterday , Mr. Lungu disclosed that his ministry, in collaboration with ministries of Mines and Mineral Development and the Labour and Social Services has engaged the Chinese Government on discussions on the incident.

He said government is considering a ‘Fast-Track Court’ to deal with such matters in the near future.

Mr. Lungu further disclosed that the two managers at the Mine have since been sent to Choma Central Prison pending court proceedings.

The Minister however regretted that Police have arrested some workers who are alleged to have stolen property from management offices.

Meanwhile, Mr. Lungu has appealed to political players to stick to the electoral code of conduct and desist from engaging their cadres in violence ahead of the Chilanga and Mpulungu parliamentary by-elections.

The Minister said political party leaders and their supporters should at all times maintain peace.

[ ZANIS ]

Wednesday Zambia Football Briefs

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Faz has now said Dario Bonetti and his three assistants is in Europe to monitor national team players based there.

And Faz has appointed a technical advisor from Holland for all youth national teams.

Faz communications officer Erick Mwanza said today that Bonetti will visit Zambia players based in Holland, France, Greece Switzerland and onto Israel.

Bonetti has failed to return to Zambia since September 18 and only joined the team in Rome en route to Libya two weeks ago but returned to Italy after the Africa Cup Group C qualifier there.

Faz later said told that Bonetti and his three assistants were sorting out their family issues in Italy after the game against Libya.

However, when Bonetti will return after his expedition to visit the clubs of all foreign based players is unknown.

Meanwhile, newly appointed junior technical advisor Nico Labhoe will oversee Zambia youth development programme for the next five years from Under-20 downwards and work closely with the respective junior teams trainers.

ZESCO UTD OFFICIALLY BACK PETTITIONS

Zesco United today joined Power Dynamos this week in issuing a press statement calling on Kalusha Bwalya’s executive to hold an emergency council meeting to settle the impasse over the constitutionality of his co-opted executive.

Power have since Monday run a half-page advert in the press supporting the call for an emergency council meeting.

They joined Green Buffaloes, Red Arrows, Nkwazi and Choma Eagles in making their official stand on the current Faz crisis who did so last week.

However, Nkana and Konkola Blades have both stated they will not back the petition.

Meanwhile, the petitioners are yet to say whether they have attained the two-third backing from Faz’s 219 affiliates that is needed to force an emergency council meeting.

KK says no to homosexuality

First republican president Kenneth Kaunda

Former president Kenneth Kaunda has said homosexuality should not be tolerated in Zambia because it is against Bibilical teachings.

Dr Kaunda said yesterday that Zambians should learn to uphold good morals according to Christian values.

He said homosexuality was against God’s commandments and that leaders should instead advocate for laws that prohibited such wicked vices especially that Zambia was a Christian Nation.

Speaking when he and Champions for an HIV-free generation held a meeting with civil society organisations in Lusaka, Dr Kaunda implored citizens to allow the Government to enact laws to stop promotion of homosexuality.

“This is a very serious human activity that should be handled very carefully and we need to fight against it,” he said.

Former Botswana president Festus Mogae, who is the chairperson of the Champions for an HIV-Free Generation, said they had not come to advocate for the promotion of homosexuality in Zambia.

Meanwhile, a Kitwe clergyman, Bernard Nwaka has challenged opposition parties to state their positions on homosexuality instead of keeping quiet.

And International Fellowship for Christian Churches president, Simon Chihana has said homosexuality will never be a human right issue because God created men to perform some special roles, which should only be done by men.

Forum for Leadership Search executive director Edwin Lifwekelo recently revealed that Patriotic Front president Michael Sata was having meetings with donors where he was assuring them that he would legalise homosexuality and revert the country to a secular state provided they backed his candidacy.

And President Rupiah Banda said on Tuesday that the Government was aware that some sections of the donor community had embarked on a campaign aimed at making Zambians believe that homosexuality was a human rights issue.

Bishop Nwaka of Living Water Global Ministries said in an interview yesterday in Kitwe that the Church wanted to know the stance of the leaders aspiring to be future presidents since Mr Banda had indicated his position.

Bishop Nwaka said Zambians wanted to know where the opposition leaders stood so that they could make informed decisions during elections next year.

“Homosexuality or same-sex affairs are serious issues political parties should not ignore because Zambia is a Christian Nation,” he said.

Bishop Nwaka said the Church was happy that President Banda and his Government had condemned the acts because it was not a human rights issue in a Christian nation.

And in an interview yesterday, Bishop Chihana said homosexuality was not a human rights issue but a demonic right which was unacceptable.

He said his own findings showed that most people practising homosexuality were victims of the act who were finding it difficult to fully recover and were now being forced to perform the act on others.

[ Times of Zambia ]

Sinazongwe civic leader bemoans early marriages and school dropouts

Some girls coming from antenatal Clinic in Sinazeze

A civic leader in Sinazongwe District has bemoaned the high level of early marriages and school dropouts in Nkanddabwe ward in Sinazeze area.

Nkanddabwe ward Councilor Patson Mangunje told ZANIS in an interview today that despite educating parents on the importance of advising their children to concentrate on education, the problem of early marriages has continued.
[pullquote]“We are slowly losing our culture and the idea of human rights has contributed to the abandoning of our cultural norms. Now a child can even take parents to the police for being beaten,” Mr Mangunje said.[/pullquote]
He said the district was lagging behind in education as a result of having many girls and boys dropping out of School.

The Civic leader also noted that boys were dropping out of school to seek employment at the Chinese Collum Coal mine were most young men were being employed.

He further said that most girls in the area were fond of going out of their homes to look for men at a tender age and their parents have failed to control them leaving the situation to look normal.

“We are slowly losing our culture and the idea of human rights has contributed to the abandoning of our cultural norms. Now a child can even take parents to the police for being beaten,” Mr Mangunje said.

An on the spot check by ZANIS in Chamukwapulo in Nkanddabwe area revealed that most girls had children while many others were married at a tender age.

[ ZANIS ]

ZCON workers riot

General workers engaged by Lusaka’s ZCON construction today fought running battles with Zambia Police officers during a riot sparked by the company’s alleged reluctance to offer them job contracts.

The workers are engaged to do construction works at the Levy junction, near government printers.

The irate workers complained that they have been working for over a year without signing job contracts.

The workers who sung solidarity songs flashed placards with messages denouncing ZCON management.

They accused their Corporate Affairs Manager Emmanuel Chilekwa of employing his relatives whom he has allegedly given job contracts.

But Mr. Chilekwa dismissed the accusations as false and malicious.

He said ZCON Management is discussing with South African based officials on the best way to improve the workers conditions of service.

Mr. Chilekwa appealed to the general workers to maintain calm while their plight is being addressed.

Police had to fire tear gas canisters to disperse the irate workers who scampered for safety.
[ ZNBC ]

Milupi blames Rupiah’s govt over Chinese shooting saga

Luena Independent Member of Parliament, Charles Milupi
Alliance for Democracy and Development (ADD) president Charles Milupi

Alliance for Democracy and Development (ADD) president, Charles Milupi has observed that the MMD government is too mesmerized by anyone called a foreign investor so much that indigenous people are becoming second class citizens in their own country.
[pullquote]”Zambians are being made to suffer because their government has been made to surrender to the investors,” Mr . Milupi said[/pullquote]
Mr. Milupi said this is evident by the failure by the government to condemn the Chinese mine owners who shot at 11 miners in Sinazeze who were protesting over improved working conditions.

ADD president noted that the shooting at Collum coal mine is a clear tragedy and an indication that government has given too much priority to the foreign investor above their own people.

He said government has made foreign investors feel that they are kings in this country and weigh above the Zambians who are hosting them.

Mr. Milupi further blamed government for the failure by the foreign investors to respect the laws of this country.

He said it is for this reason that the government could not lift a finger against the investors no matter how serious what they have done is.

“Zambians are being made to suffer because their government has been made to surrender to the investors,” Mr . Milupi said
[ QFM ]

Mufumbwe petition judgment deferred

Judgment in the Mufumbwe constituency by-election petition has been deferred to November 2010.
The judgment in the matter which was expected to be delivered today by High Court Judge Philip Musonda, will now take place next month on a date to be announced.

This is in a matter in which loosing MMD candidate Mulondwe Muzungu, has petitioned the election of United Party for National Development (UPND)’s Elliot Kamondo as Member of Parliament for Mufumbwe constituency in the April 29, 2010 by-elections.

Mr Muzungu wants the court to nullify the results of the by-elections on the basis that the elections were marred with violence.

The Mufumbwe by elections campaigns were characterized by some of the worst violence in recent times with three people losing their lives in the process and others being injured.
[ QFM ]