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Prices Downward Spiral to Continue

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ACTING Republican President, Rupiah Banda has assured of continued price reductions in the essential commodities in the country.

Mr Banda was reacting to United Liberal Party (ULP) president Sakwiba Sikota who commended him at Sesheke Airstrip yesterday for having successfully reduced the price of fuel.

“This Government has managed to bring down the prices of mealie meal and fuel so I call on you the people of Sesheke to vote for Mr Banda,” Mr Sikota had said.

In response, Mr Banda said he was committed to ensuring price reductions of essential commodities in the country.

He cited the recent price reductions for fuel and mealie meal, which would go a long way in assisting the poor in the country.

Mr Banda bemoaned the high poverty levels in Zambia and called on whoever would take up leadership on October 30, to consider the plight of the poor people in Zambia.

“I will continue reducing prices whenever possible. I intend to reduce further the cost of fuel in the country. That was just the beginning,” he said.

He said Zambia was a wealthy country and appealled to the people of Sesheke to vote for him on October 30 so that he could develop the country.

“The duty of the next president will be to fight poverty. I give you my promise that we will uplift the standard of living of Zambians throughout the country. We will ensure that the late Dr Mwanawasa’s programmes are fulfilled,” Mr Banda said.

He thanked Southern Province chiefs and all other Chiefs throughout the country for endorsing his candidature.

Earlier, MMD national chairman Michael Mabenga called on the people of Sesheke to vote for Mr Banda and avoid listening to detractors.

Mr Sikota said Zambians should not waste their votes by voting for UPND president Hakainde Hichilema or Patriotic Front leader Michael Sata as the two had minority seats in Parliament and could therefore not make decisions.

“Africa is currently littered with warring countries so don’t take risks but rather vote for Rupiah Banda and ensure development of this country,” Mr Sikota said.

MMD Sesheke district chairman, Adons Mufalali assured Mr Banda of a 100 per cent support in Western Province.

Western Province chairman, Simasiku Namakando urged the people of Sesheke to vote for Mr Banda for development.

Meanwhile, Mr Banda has assured the people of Southern Province of further development to reduce poverty if elected president, reports Edward Mulenga from Choma.

Addressing a rally at Boma square, Mr Banda said the province was a heartland of Zambian politics and it was his desire to see it return to its political status as opposed to isolation.

Mr Banda said with his vast political and diplomatic experience and commitment to people’s welfare, he would ensure more schools were built in the province, which he said had produced many intellectuals including engineers and doctors.

The acting president said having worked with the late president Levy Mwanawasa who detested poverty, he understood Dr Mwanawasa’s vision better and was the right person to carry on with it.

He also warned the people against voting for a person who would cause confusion in the country especially those whose names were associated with snakes.

Thanking the people of the province for their support and cooperation during the time he had been in charge of the country, Mr Banda said he had no doubt that people would vote for him for peace to continue.

Mr Banda also said many leaders from opposition political parties had endorsed his candidature because they knew MMD was a democratic party whose leadership has been subjected to the transparent selection process.

“I am a candidate of a party that has the most democracy. Most leaders in the party are elected. To become an MMD candidate, we had to go through a rigorous process of electing the candidate from 15 people,” Mr Banda said.

He said the difference between him and other presidential candidates was that he was a team player whose works have been characterised by working for the people in his life, unlike others who had only done something for themselves.
Times of Zambia

Zambian woman’s ambitions waylaid by Metrolink crash

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Racheal Mofya, 27, from Zambia, experiences snow.
Racheal Mofya, 27, from Zambia, experiences snow.

Fate brought Racheal Mofya to the U.S. to further her goals — and put her on the commuter train that collided with a freight. She has been hospitalized, unconscious, ever since.

She has not regained consciousness since the deadly Metrolink crash on Sept. 12, which left her with a fractured skull, a broken ankle, a dislocated hip, third-degree burns, and lacerations on her face and one of her legs.

But “we gain little increments of hope,” said Pat Abruzzese. He and his wife, Joanne, have spent hour after hour by Mofya’s side in the intensive care unit at County-USC Medical Center.

Mofya, 27, an exchange student from Zambia, had been living in the Abruzzeses’ Simi Valley home for a year when the crash occurred. That day, she had taken an early train home from her classes downtown. Joanne Abruzzese was at the train station, waiting for her.

Members of Mofya’s adopted Simi Valley family have stood by her bedside and prayed for a miracle ever since, joined in spirit by Mofya’s large family back home in southern Africa.

One of her older sisters, Martha, who is also studying in the United States, flew in from Minneapolis to join the vigil the day after the crash and has rarely left her room. Another older sister, Agnes, who lives in Zambia, is trying to get a visa and raise money for a plane ticket. The Abruzzeses are helping her.

Both families continue to hope that Mofya will one day awaken and resume the extraordinary journey that took her from her impoverished country to California as one of eight students chosen from 200 for a highly competitive Rotary program. Mofya was close to finishing her business studies at the Fashion Institute of Design & Merchandising in downtown Los Angeles, the Abruzzeses said. Her plan was to work for a year in the United States to save some money, then return to Zambia to open a cosmetics business.

Right now, those dreams seem a long way off.

Mofya recently got skin grafts to replace flesh burned in the early moments of the crash. Doctors say she also may need a corneal transplant.

If it was fate that led Mofya to Metrolink 111, fate also played a role in bringing her from one of the poorest nations in the world to the Abruzzeses’ upscale home.

Pat Abruzzese, finance officer for a Chatsworth cabling company, said he just happened to be in the office of the local Rotary Club one day when he heard the executive director say that they needed a family to host a student from Zambia for a year. On the spot, he offered.

“We didn’t put much thought into it,” he said. “But I knew we had the room, so I thought, ‘Why not?’ ”

Studious and soft-spoken, Mofya is devoted to her studies, Pat Abruzzese said. She calls the Abruzzeses Mom and Dad and has developed a close bond with their two children, Jaime, 20, and T.J., 16.

“She fit right in with us,” said Pat Abruzzese. “She became part of the family.”

English is the primary language in Zambia, an independent nation in southern Africa that has a small middle class, widespread AIDS and grinding poverty. Mofya, always proper, spoke “the Queen’s English” and corrected her Simi Valley family when they uttered American colloquialisms, Pat Abruzzese said with a laugh.

Mofya is one of six children raised by a grandmother in Lusaka, the capital of Zambia, who stepped in after both parents died, one of malaria and the other of a gastrointestinal illness.

Mofya’s family had a small farm on the outskirts of Lusaka, a city of 1.2 million. Mofya is ambitious, viewing her stay in the United States as an opportunity not only to open her own business but to create jobs for other Zambians, Pat Abruzzese said.

She crammed courses that normally take 18 months into one year, and she got straight A’s, he said.

“She was competitive. She knew she had been given a chance and wanted to make the best of it.”

Their life together soon had its routines. Mofya would be up early every morning, waiting for Pat Abruzzese to take her to the Simi Valley Metrolink station. She rode the commuter line to and from her Los Angeles campus every week day, he said.

“She’d be at the bottom of the stairs and say, ‘Dad, I’m ready. Let’s go,’ ” he said.

Mofya also carved out her own territory. After joining a singles group sponsored by the family’s church, she became friends with dozens of local young people, the Abruzzeses said.

On Sept. 12, Mofya phoned home to say she was taking an earlier train because she had plans. Joanne Abruzzese was waiting for her at the Simi Valley station when she got word of the crash.

The Abruzzeses spent the next 12 hours calling hospitals and combing lists of the injured. Eventually, they joined the other frantic families gathered at Chatsworth High School.

At 3:15 a.m., someone called to say that a woman who matched Mofya’s description had been taken, in grave condition, to County-USC Medical Center. Could they come immediately, with a photograph, to identify her?

They found Mofya swollen and covered in bandages. Monitors beeped. A ventilator wheezed over her silent body. Joanne Abruzzese had the grim duty of calling Martha Mofya, 30, who has been in Minneapolis since January studying nursing. Martha sobbed and said she had seen a news report on the crash the night before and “had a sinking feeling.”

Her church friends have organized regular visits to her room. Their prayer chains have grown to include supporters from Canada, Vietnam, Thailand, and England, people who heard about Mofya’s story and were moved.

Friends bring food for the Abruzzeses, Martha Mofya, and whoever else happens to be standing vigil, the family said. They crowd a nearby visitors lounge and exchange news about Mofya’s condition.

Pat Abruzzese’s eyes grow soft as he talks about his daily visits to the young woman who has become like a daughter to him.

“I’m waiting for the day when she opens her eyes, looks at me and says, ‘Hi, Dad,’ ” he said.

Los Angeles Times

NCC should close by June 2009- HH

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UNITED Party for National Development (UPND) president, Hakainde Hichilema, has pledged to ensure that the National Constitutional Conference (NCC) completes its work by June next year if he is elected president.

Speaking on Zambia National Broadcasting Corporation (ZNBC) Media Institute of Southern Africa (MISA)-sponsored television programme Race to Plot One, Mr Hichilema said that it was important that a timeframe was set for the NCC to complete the work.

He said that the Constitution-making process was cardinal and the UPND attached great importance to the NCC but there was need to stipulate the timeframe of its existence and work.

“The NCC should close by June 2009. It should conclude the work. We have been beating about the bush on the Constitution making,” Mr Hichilema said.

He also said the UPND would offer favourbale investment incentives for investors irrespective of their countries of origin. Mr Hichilema said that it was wrong to denounce some investors on the basis of their countries of origin or race.

What was important, he said, was to offer favourable investment climate to all, including Zambians as well as laws that would protect the local people.

There was need for the Government to deliberately come up with ways to encourage the participation of local people in the economic affairs of their nation.

Mr Hichilema said that the Government should ensure that investors coming in their country forge partnership with the local business people who usually lacked capital to invest.

He said it was the Government’s duty to ensure that the local people with bankable business proposals had access to the capital resources, which was the main hindrance to prosperity of Zambian investors.

Mr Hichilema reiterated his government’s planned investment in education to offer free education from primary to university and underscored the importance of education.

He said Zambia was endowed with a lot of resources, which needed to be tapped for the emancipation of the country from the pangs of poverty.

Describing himself as the economic manager, Mr Hichilema said he was the most suitable person to run Zambia at the moment among the four candidates because of his background.

On his chances to scoop the polls, Mr Hichilema said that he had travelled across the nation and the other candidates might not reach some places he had been to.

Others contesting the October 30 elections are acting president, Rupiah Banda, Patriotic Front president, Michael Sata and Heritage Party (HP) president, Godfrey Miyanda.

Times of Zambia

US firms granted tax break in Zambia economic zone

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Zambia has extended tax waivers to U.S firms seeking to invest in an economic zone initially created for Chinese companies that plan to invest $900 million in manufacturing of copper products, a minister said on Monday.

Felix Mutati, the commerce and trade minister also said South Africa’s property firm HBW Developers has been awarded land to construct a shopping mall and offices opposite the Chambishi multifacility economic zone at a cost of $160 million.

Mutati said firms manufacturing computer software, vehicle spares and other products from the United States would be part of investors in the economic zone and that they would enjoy the same tax benefits as Chinese companies.

“The Chinese have been courting major U.S. firms operating in China to come and invest here and we will offer them tax incentives as well,” he said. “This will also apply to any other foreign companies regardless of where they are coming from.”

Mutati said the Chinese would also construct 3,000 houses in the economic zone.

China Non-Ferrous Metals Corp., (CNMC) is already constructing a $250 million copper smelter in Chambishi, 420 km north of the capital Lusaka, where the government has zero-rated corporate tax for the first five years of operations and deferred payments of 16 percent value added tax.

Mutati said the government had also waived the tax on dividends and customs duty of capital equipment, in a move which has attracted 50 Chinese firms so far.

“We expect that the opening up of the zone to other global players will attract more investments and create more jobs,” he added.

Mutati said an initial 6,000 direct new jobs would be created in the Chambishi zone with an additional 15,000 indirect employment created by local contractors who would be supplying various goods and services to the foreign firms.

He said South Africa’s HBW Developers and a local firm, Phoenix Supplies, would jointly invest a total of $190 million in a shopping mall in Chambishi, including the expansion of a shopping mall in the capital Lusaka at a cost of $30 million.

Zambia has in the last five years liberalised its investment policies awarding tax incentives to foreign companies in a bid to grow the economy, create wealth and employment for its impoverished citizens. Treasury data shows that 64 percent of Zambia’s 12 million people live in abject poverty.

Reuters

Govt create two University Colleges

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Government says it will soon transform Kwame Nkruma and copper belt secondary teachers college into university colleges to enable teachers upgrade their qualifications and skills for quality education.

Education Minister Professor Geoffrey Lungwangwa said the ministry has also decentralized the most of its responsibilities to lower the levels up to school level programmes and other developmental projects are being implemented at these levels.

He said this during the world teachers’ day celebrations dubbed ‘’Teachers matter’’ held at Hubert Young grounds in Lusaka today.

The minister noted that the theme signifies the importance and critical role teacher’s play in building a just and moral society culminating into economic progress of societies.

Professor Lungwanasgwa also noted that government has continued to find ways of improving the conditions of services for teachers in the country.

He however noted that a rention scheme has been introduced for head teachers in hard to reach schools by way of provinding them with vechilesand has also the transformation of NISTICOL into manpwer training skills centre to provide administrative and management skills to schools and colleges mangers to enable the manage financial resources and human resource well.

and spaeking earlier secondary schools teachers Union SESTUZ president Nyambe Sefulo urged government to seriouly come up with a strategy to upgrade all Diploma holders to graduates and all certifficate holders to diplomas.

mr Sefulo further noted the need for government to consider increasing the taechers pay which is currently below the basic basket for the to ensure that teachers are wel cared for to deliver quality education.

And Zanmbia national Union of teachers ZNUT general secretary Roy Mwaba also pointed out that need for for government to recurit more teachers which is according to the UNSECO it is estimatted that about 18million more teachers re needed world wide if Universal primary education is to be archived by 2015.

Meanwhile United Nations Eduuction Sicentific and Cultural organisation UNSECO Hilda Sinywibulula noted that teachers contribute to the social economic development through the provision of education in schools and in formal settings which echoes how important teachers are in society.

he said UNESCO attaches great importance to teachers as key to building peace and culture of tolernce in an effort to enhance proffessional development of teachers through training capacity building in related profession so as to ensure the provision of quality education.

ends ah/zanis/lsk

Investigation into mysterious disease launched

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The Ministry of Health, the World Health Organisation (WHO) and the Centre for Disease Control (CDC) in Zambia have launched an investigation into the mysterious disease suspected to have broken out in Zambia.

The unknown disease, which is characterized by fever, coughs and bleeding from any part of the body, is reported to have so far claimed three lives.

Minister of Health, Brian Chituwo, announced in a statement to ZANIS today that his ministry had received reports of the unknown diseases in the country.

Dr. Chituwo said the first person to suffer from the disease was a South African woman who was resident in Zambia.

He said the woman fell sick on September 4th, this year and was subsequently evacuated to Morningside Clinic in South Africa where she died on September 13th.

He further explained that the second victim was a paramedic who accompanied the woman to South Africa while the third one was a nurse who attended to the first victim in that country.

“Unconfirmed reports indicate that the driver of the ambulance that ferried the patient from Linseria airport to Morningside in South Africa is presently in a critical condition,” Dr. Chituwo said.

He said that patients that suffer from this unknown disease develop a fever, cough and bleed from various parts of the body.

Dr. Chituwo said all investigations that have so far been done on the disease did not point to any known illness.

He has however said none of the contacts that have been made so far was in danger.

“Note that none of our health facilities here in Zambia has reported such an illness,” he added.

The Minister has since assured the public that the situation was under control and therefore, all air and road international and local travel, trade and commercial activities within and outside the country should continue as usual.

Dr. Chituwo said Government, through his ministry, was giving the situation special attention and that members of the general public should remain calm.

“Members of the public are also cautioned that any suspicious case presenting with fever, cough and bleeding from any part of the body should be reported to the nearest health facility,” he said.

ENDS/KSH/PK/ZANIS.

Fire in Lusaka leads to punch up between Police and Firefighters

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A fire has burnt some vehicles parked at the Central Police Station in Lusaka.

The fire started at about 09.00 hours and caused damage to seven vehicles, which had earlier been impounded by the police for undisclosed offenses.

The fire also gutted some apartments housing a number of police officers and ammunition within the central police premises.

However, the cause of the fire and extent of the damage has not yet been established.

And Lusaka Police Division Commanding Officer, Mathews Nguni said the fire could have been caused by an electrical fault.

Meanwhile, there was a near punch up between police officers and fire brigade officers as police accused the fire fighters of arriving too late to quench the inferno.

ZNBC

Ballot paper verification underway in Durban

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The Zambian delegation led by Electoral Commission of Zambia (ECZ) Chairperson Judge Florence Mumba currently in South Africa’s Port City, Durban is tomorrow (Tuesday) morning expected to sign off  the ballot paper dummies (proofs) for Ndola Central and Mwansabombwe constituencies.

The Zambian delegation comprising ECZ officials, four political parties (MMD, Heritage Party, Patriotic Front and UPND) are expected to verify the dummies after which they will append their signatures at South Africa’s Universal Printing Company (Uniprint) in Durban.  Civil Society representatives will also witness the exercise. The company has been contracted by ECZ to print over four million presidential ballot papers and electoral materials for the two constituencies including Kanchibiya which has since been completed at an estimated cost of over US$4 million.

ECZ Senior Public Relations Officer Sylvia Bwalya in an interview with Journalists here today said political parties and ECZ officials will append their signatures on the electoral materials at an event which will also be witnessed by Civil Society representatives. Ms Bwalya said once the constituency ballot paper proofs have been approved by stakeholders, this would enable printing of the electoral materials to be done simultaneously with the presidential ballot papers.Printing of the presidential ballot papers started on Friday last week.
‘The signing off will ensure that all the electoral materials are printed simultaneously’, She said.

All the electoral materials to be used in the presidential election and the three by elections slated for October 30 are expected to be dispatched to Zambia this week on Saturday (October 12).  Meanwhile, the Electoral Commission of Zambia (ECZ) has reiterated that results for the presidential poll and three by elections (Ndola Central, Mwansabombwe and Kanchibiya) would be pasted at all polling stations to accord  everyone access.The ECZ Senior Public Relations Officer disclosed this in an interview with journalists here today (Monday). Ms Bwalya explained that ECZ adopted this concept from Zimbabwe and the Commission was also responding to calls by various stakeholders requesting the same to be done to consolidate transparency.

‘In the past people did not have access to these results at the polling stations.  Polling agents, other electoral agents and observers would carry the results with them after the polling and nothing was left at the stations’’. She said.  Besides, Mulungushi Conference Centre as a station for result announcements, Ms Bwalya further disclosed that another result centre will be opened at the ECZ headquarters.

‘’There will be two result centres at the Electoral Commission of Zambia Headquarters and Mulungushi Conference Centre’’. She added. In view of this, she advised that stakeholders wishing to have access to the two centres should get separate accreditation for the two, failure to which they will be denied entry.  Meanwhile, Ms Bwalya has advised various political parties participating in the forthcoming presidential election to ensure that they employ polling agents conversant with the electoral process. The ECZ  observed that the polling agents were the eyes of political parties hence the need for them to be well versed with the electoral process. She said that ECZ will conduct training for the polling agents and the meeting slated for Friday between the Commission and political parties in Lusaka was expected to address such issues.

‘’The polling agents are supposed to be spread in 6 456 polling agents and it is important for them to be conversant with the electoral process’’. Ms Bwalya said.

Sata hits back

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Patriotic Front leader, Michael Sata, has accused first Republican President Dr. Kenneth Kaunda of failing to develop the Northern Province during his 27 year tenure in office.

Mr. Sata asserts that Chinsali District where Dr. Kaunda hails from has lagged behind in terms of development.

Mr. Sata also wonder’s why Dr. Kaunda chose to have his pension house built in Lusaka instead of Chinsali District.

ZANIS reports that the PF leader said this at a campaign rally in Kasama.

Mr. Sata also said it was unfortunate that Dr. Kaunda has chosen to attack his capability to manage the affairs of the country if elected as republican president.

The PF leader said he has waited for several decades to lead Zambia and that time has now come for him to become president.

On Saturday, Dr. Kaunda was quoted by the media as saying Mr. Sata has no capacity to lead Zambia.

He said the PF leader was only suitable to head a government Ministry, as the position of president required a number of qualities.

ZNBC

Esther Phiri’s sparkle is losing its touch.

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After 8 successive triumphs, the time has come for Esther to head west.

Saturday nights GBU lightweight title fight 5th round TKO win over her raw American opponent Hondi Hernandez in a one-sided encounter has left Esther a bit stale in the entertainment department.

Hernandez gave little to show for the thousand mile journey from Arizona to Lusaka and it is  good Esther herself openly admitted her opponent was poor.

Esther learnt nothing from this fight apart from getting another customary big day payout.

Furthermore, it was  farcical to have even let Hernandez square-up against Esther as a GBU lightweight title contender in what ranked as Esther’s most uninspiring duel to date.

The fight at Woodlands Stadium in Lusaka made a routine sparring session in the gym look more competitive.

The pounding Hernandez received from Esther also showed the America is still out of her depth in four straight defeats against some experienced hands following her initial four wins over fellow upstarts who barely had 2 competitive fights under their belts.

Anthony Mwamba and Esther’s principle paymasters must let their boxer move on to Europe or the Americas not only for the fame and fortune but to grow and regain some respect back home before a serious dose of false invincibility creeps in.
.
While Esther is expected to leave next week on a half-year training camp in Germany courtesy of the GBU, the move should be long-term if she is to become a finer boxer.

Sadly, the obvious fear of losing on foreign soil and Esther’s commercial obligations at home will make it hard for her to make a professional decision to permanently relocate abroad and find her way into the great unknown.

The late Lottie Mwale outgrew Woodlands and Zambia after a series of well documented victories at iconic venues in Europe that culminated when he took the plunged in America against Saad Mohamed in 1980 against whom he suffered a 4th round lights-out-knockout.

To fight in America is every boxers biggest dream and equivalent to making a religious pilgrimage to a revered holy shrine.

If Esther doesn’t crave for a piece of America in the coming year then we will be forced to seriously question how ambitious she really is to stay in the square circle.

Mysterious disease originating from Zambia kills 3 in SA

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Hospitals in the Gauteng province in South Africa have been placed on high alert following the death of three people from a highly infectious disease that originated in Zambia.

On Sunday the Gauteng health department said three people had died in Johannesburg.

“We are on high alert following the confirmation of three cases of an unknown, highly infectious disease which has since led to three deaths,” the department said in a statement.

Medical advisor for public health Dr Chika Asomugha said the first patient was a South African expatriate living in Lusaka,  who worked as a tourist guide for a safari company. She was evacuated by air ambulance to Morningside Clinic in Johannesburg on 12 September.

She had severe flu-like symptoms, diarrhoea and a rash. The unnamed woman was critically ill when she arrived and died shortly afterwards at the Morningside Medi-Clinic.

“Blood samples were taken and the results were not conclusive of any particular disease, including the viral hemorrhagic fevers,” the department said.

The second patient was a Zambian male paramedic who had accompanied the woman to South Africa. He was admitted on September 27 at the same facility with flu-like symptoms and treated for a variety of infections.

“His condition initially improved but later deteriorated on Wednesday, October 1 and he died the following day,” the statement said.

Investigations for viral hemorrhagic fever and other formidable infectious diseases were conducted and the results were negative.

A nurse at Morningside Medi-clinic who came into contact with the first patient became ill with flu-like symptoms and was subsequently admitted to the Sir Albert Robinson hospital on the West Rand on Wednesday.

“Her condition deteriorated on Saturday and she passed away yesterday (Sunday). Viral hemorrhagic fever and other formidable infectious diseases were negative,” said the statement.

“We have not yet got a complete diagnosis, but experts are running as many tests as possible,” he said.

KK endorses RB

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Zambia’s liberation hero, Kenneth Kaunda, has endorsed acting president Rupiah Banda ahead of an election later this month, state media reported on Sunday.

Former head of state Kaunda said Banda, and not populist chief opposition leader Michael Sata of the Patriotic Front (PF), who has been drawing huge crowds at his campaign rallies, would make a good president.

“I am happy with the leadership skills shown by the acting president,” state radio quoted Kaunda as saying, adding he hoped Banda would continue holding the office of president.

“He (Sata) is good as governor and minister but I don’t think he can work as a president. I don’t hate him, but if voters elect him, it is their own fault,” Kaunda was quoted as saying by the state-owned Sunday Times newspaper.

Banda became acting president after the death in August of Levy Mwanawasa, praised by investors for stabilising the mineral-rich southern African nation and fighting corruption.

Analysts say Kaunda’s comments may swing a few more votes to Banda. No clear favourite has emerged ahead of the October 30 presidential poll.

State media also reported that the Electoral Commission of Zambia’s (ECZ) director of elections, Dan Kalale, said the budget for the poll would be 231 billion kwacha and that Zambia had asked donors to help finance it.

Finance Minister Ngandu Magande told Reuters last month he expected the cost of the election to widen the budget deficit beyond the projected 1.2 percent of gross domestic product (GDP), but it would be kept below 2 percent.

Reuters

Equinox secures $103bn debt

21

EQUINOX Minerals has bucked recent trends amid the credit freeze and secured $US80 billion ($103 billion) in debt for its Lumwana copper project in Zambia, underpinning confidence in the project and sparking speculation the company could fall prey to the likes of Rio Tinto.

The Lumwana project is due to come on line at the end of the year and is expected to produce 172,000 tonnes of copper a year from 2009 and run for 37 years.

Credit Suisse analyst Julian McCormack said that the debt facility was a vote of confidence in the project and recent slumping share markets made the company a target for bigger players looking to boost copper production.

“We view this as a significant validation of the project and the people managing it,” Mr McCormack said in a note to clients at the weekend.

“You cannot build a Lumwana-sized project for what it will cost to buy Equinox today,” he said.

Mr McCormack pointed to recent reports quoting Rio Tinto management as saying the miner wanted to buy copper producers of around 200,000 tonnes a year with long mine lives.

“Lumwana, which will be in production this decade, is the only asset anywhere on the globe that matches this description,” he said.

Perth-based Equinox, which is listed on the Australian and Toronto stock exchanges, has a market value of $1.63 billion.

Its shares have slumped more than 50 per cent this year.

The $US80 million loan facility is underwritten by Standard Bank and Standard Chartered Bank and will be provided by members of Equinox’s existing Lumwana banking syndicate.

The facility will let the company meet extra working capital requirements that resulted from start-up delays after an electrical fire in July.

Equinox also renegotiated the repayment schedule for some elements of the existing $US583.8 million project finance debt facilities.

“The new loan facility is evidence of the strong confidence our banking syndicate has in the project,” Equinox chief executive Craig Williams said.

“Equinox and its shareholders can now be afforded, during this unprecedented period of market volatility, the necessary levels of stability and liquidity required to expeditiously move the project into copper-concentrate production and deliver further shareholder value.”

Rio Tinto copper chief executive Bret Clayton said last week that his company was “scouring opportunities” as the credit crisis made it harder for juniors to raise money.

The Australian

Soldier on with Levy’s programmes- Maureen

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Hundreds of Lusaka residents today thronged the Cathedral of the Holy Cross for the memorial service in honour the late President Levy Mwanawasa which marks a month since Dr. Mwanawasa met his demise.

Those in attendance included Acting President Rupiah Banda, First Republican President Dr. Kenneth Kaunda, Speaker of the National Assembly Amussa Mwanamwambwa, and Chief Justice Ernest Sakala.

Members of clergy, Cabinet ministers, Deputy Ministers, other senior government officials and members of the general public were also in attendance.

Former First Lady Maureen Mwanawasa said the death of Dr. Mwanawasa should not bring an end to projects and programmes initiated by the late president Mwanawasa.

Mrs. Mwanawasa said soldiering on with the projects and programmes would be the best way to honour the late President Mwanawasa.

She pointed out that it would not be prudent for the new leader to embark on a new path and change direction as this would spell doom to gains and progress made in national development.

Mrs. Mwanawasa said Zambia has already been put on the path to prosperity.

And earlier, Pastor William Chanda of the Baptist Church paid tribute to former First Lady Maureen Mwanawasa for endeavoring to assist the less privileged in society.

He has since urged Mrs. Mwanawasa to continue helping the underprivileged in society and continue putting God first during this trying time.

Also speaking during the memorial service, Acting President Rupiah Banda said Zambians will always remember and appreciate the late President Levy Mwanawasa for his exemplarily leadership and selfless service to the nation. Mr. Banda said the late Dr. Mwanawasa spared no effort to propel the nation forward for the benefit of the citizenry.
After the memorial service congregants proceeded to lay wreaths on the late President Levy Mwanawasa’s tomb at Embassy Park.

The late Dr. Mwanawasa died in Paris, France on 19th August, 2008 and was buried on 3rd September, 2008.

The late Dr. Mwanawasa was an active member of the Twin Palm Baptist Church.

Zambian companies are unreliable – Tembo

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A senior government official is concerned at the poor performance of some Zambian companies contracted to undertake various government development projects.

Lusaka Province Deputy Permanent Secretary Conrad Tembo says this is delaying the implementation of development projects such as schools, health centres, roads and other infrastructure aimed at improving the living standards of the people.

Mr Tembo says government has come up with a deliberate policy to empower local contractors but their poor workmanship and lack of reliability is undermining this well intended objective.

Mr Tembo said this when he toured a mortuary under construction at Luangwa Boma clinic in Lungwa district which a named Zambian contractor has failed to complete for the past three years.

This is despite government paying the contractor about K220 million so far out of a total of K280 million to complete the whole the project.

Mr Tembo warned that such contractors would have themselves to blame if government does not consider them for contracts in future.

“Government is doing all it can to accelerate infrastructure development in Lusaka province but in some instances, it is being let down by some local contractors who can’t perform to expectation,” said Mr Tembo.

Mr Tembo urged the Lusaka Provincial Buildings Engineer to work closely with the offices of the District Commissioners and other stakeholders in ensuring contractors worked according to the deadlines and specifications outlined in the contracts.

“Government wants to get the right value for its money. Underperforming and unreliable contractors will therefore not be tolerated,” he said.

Mr Tembo was leading a team of senior officials from Lusaka provincial administration  to monitor and evaluate the implementation of various government projects in the province.

The team also visited projects in Chongwe, Kafue and Lusaka districts.