Monday, June 9, 2025
Home Blog Page 5512

UPND Hates Me, Chief Mwanachingwala

19

Chief Mwanachingwala of Mazabuka says the opposition United Party for National Development (UPND) leadership and Members of parliament hate him because of his strong support for President Mwanawasa and his new deal administration.

The Chief told Magoye Member of Parliament, Ben Mweemba, in Itebe yesterday that he does not understand why the hatred has continued even with the current leader, Mr Hakainde Hichilema.

Chief Mwanachingwala said he does not lose anything even if the hatred has continued because there is no way he can serve two masters at a time.

Mr Mweemba was at pains to convince the Chief that he is not part of the leaders who harbour hate for him.

And Chief Mwanachingwala told ZANIS in Mazabuka that he will continue supporting the government of the day to foster development in his chiefdom.

He said he is the only proud chief in the country who has openly declared the support for the government.

Chief Mwanachingwala added that the relief food and prompt government response over the flood situation in the district is as a result of government confidence in him.

Zampost to resume water transport on Lake Bangweulu

13

The Zambia Postal Services (Zampost) will resume its water transport operations between Samfya and Chilubi on Lake Bangweulu soon.

This comes after government pumped US$80,000 into the parastatal to enable it buy new caterpillar engines to overhaul the post boat that has been out of operation for over six years due to obsolete engines.

Zampost board chairman Jazzman Chikwakwa confirmed the procurement of the two engines to ZANIS today.

Mr. Chikwakwa said the continued non-operation of the Post Boat for many years has denied people safe and relieable water transport between Samfya and Chilubi Island on Lake Bangweulu.

He said government has been concerned about the poor water transport services on Lake Bangweulu hence its decision to overhaul the Post Boat.

He said he has come to Samfya with a team of experts on a mission to inspect the state of the Post Boat.

Those who accompanied Mr. Chikwakwa were Postmaster general Paul Simfukwe and boat engineer Lionel Brookstein representing Custom 4 x 4, others were Zampost manager operations Catherine Chela and director of maritime at ministry of communication David Kame.

Mr. Chikwakwa said after a complete look at the Post Boat it has been found that the vessel is viable and is reparable to bring it to almost new standard.

He said it was government vision to take development to all areas and the repair of the Post Boat would enhance government efforts in delivering that vision to the people of Chilubi.

He said Zampost was already providing bus transport service to people of Mansa and other areas, and it was important that it provides efficient water transport to people who cannot get on the Post bus.

He thanked the ministry of Communication for being instrumental in sourcing funds and procuring of the engines from the United States of America.

And Mr. Simfukwe disclosed in an interview that work to refubish the Post Boat will take two months.

And Samfya District Commissioner Sylvester Chimfwembe said safe and reliable water transport like the Post Boat will boost tourism on the Islands of Mbabala and Chishi in Samfya.

Mr. Chimfwembe said a lot of people have been hesitant to travel to the islands both for business and sight seeing because of lack of reliable transport.

Heavy rains wreck havoc in Chibombo

3

Heavy rains in Malambanyama area in Chibombo district in central province have left a trail of destruction, the worst being the newly rehabilitated 80 kilometre Chitanda turn off- Chiyuni road.

The heavy rains that have caused floods has resulted into gulleys across the road in several sections, leaving the road, which was recently rehabilitated at the cost of K3 billion almost impassable.

Keembe Member of Parliament Rev. Ronnie Shikapwasha, who is also Home Affairs Minister, yesterday visited the area to see for himself the damage cause by the rain in this area.

The intensive damage caused by the rains to this road is now a source of concern to the users who say if the rain will not stop in the next two days, Chiyuni and Ipongo in Chieftainess Chitanda’s area will be completely cut off.

Another road that has been turned into a river by the heavy rains is the one leading to Kafushi High School making it difficult for pupils to move to and from both the Kafushi High and Malambanyama Basic Schools.

Malambanyama Head Teacher Juster Hatontola told ZANIS that the attendance at the school has been affected by the rains saying only grades five to nine were attending school while those in grades one to four have been advised not to report for school.

Mr. Hatontola said if the rain continues raining heavily the school grounds and buildings will also be affected.

And both Headman Musopelo A and Chiimbwe confirmed that some houses in the area have since collapsed as a result of the heavy down pour.

Headman Musopelo revealed that in his area about 100 houses have collapsed leaving the people in the cold and that about 85 fields have been submerged.

The Traditional leader noted that very few of his people will have food to feed their families this year.

And A civic leader in the area revealed that 58 houses have collapsed saying there was need for the Disaster Management and Mitigation Unit (DMMU) to quickly provide tents for the affected people.

A check at the Malambanyama market revealed that some shops have been abandoned by the owners as water was running through while some businessmen have tried in vein to block the heavy running water.

Toilets at this business centre have all collapsed posing a health hazard to the community.

A clinical officer talked to at Malambanyama Clinic said the health centre has since intensified the distribution of chlorine to the community.

Rev. Shikapwasha expressed sadness that infrastructure in this area especially the road that gobbled billions of kwacha has been extensively damaged.

He said the only solution now was to go back to central government and ask for help again to repair the road.

Delegation of Indian investors expected in the country

30

A delegation of Indian investors is scheduled to arrive in the country today to explore investment opportunities in the country and also to assess the suitability of Zambia as an investment destination.

Zambia Development Agency (ZDA) Communications and Public Relations Manager Margaret Chimanse said in a statement today that during their visit, the delegation will meet President Mwanawasa and other senior government officials and private sector represntatives.

Ms Chimanse said the delegation will also attend a seminar dubbed ‘Zambia: A Profitable Destination for Investment and Trade’, organised by the Zambia Development Agency under the Triangle of Hope programme.

She said the Delegates are expected to meet the business community and make on the spot checks on sites available for investment in sectors such as Information Communication Technology (ICT’s), manufacturing, pharmaceuticals, mining, agriculture, agro processing, health and education.

The hosting of the Asian delegation is in line with government’s economic vision for Zambia which seeks to imnprove the livelihood of Zambians through increased investment and wealth creation.

The governments key economic strategies for accelerating economic growth and development is the creation of an enabling environment that will inturn stimulate domestic and foreign investment.

As part of the thrust, government, through the various initiatives such as the Private Sector Development (PSD) programme, the Triangle of Hope initiative and the Blue Book, is removing the remaining economic hurdles.

The Triangle of Hope, which is a programme to attract investment into Zambia from South East Asia in the spirit of south-south cooperation and is supported by the Japanese International Corporation Agency (JICA).

The main objective is to develop a sustained Action Agenda that when implemented by government will lead to increased private sector investment thus more jobs and wealth in the country.

UPND call for resignation of Zesco top managers

13

The United Party for National Development (UPND in Ndola has called for the resignation of Zesco top managers for the failure to deliver to the people’s expectations.

UPND District Chairman Mr. Kanyaka Musa in a statement to ZANIS in Ndola said the top management should resign on moral grounds because they have let the country down.

He said the party was disappointed and condemned Zesco’s inertia in the power supply which has resulted in colossal losses including human lives.

He said it was unjustified for Zesco to fail to deliver to people’s expectations, which had caused a lot of damage to electrical appliances for individuals and companies.

Mr. Musa said he did not see the justification for increased tariffs when the quality of services was going down.

He said the people demand that Zesco should give a valid explanation for the power failure before his party embarks on massive demonstrations countrywide.

He wondered why Zesco was busy circulating bills to clients when the their service was below par and power outages were becoming common.

He said citizens were the investors in Zesco as a parastatal company but that the company has not been remitting dividends to show its competency to the public.

Meanwhile, Mopani Copper Mines (MCM) Mufulira division has temporarily shut down some of its essential equipment and machinery following the recent power outage that the country has been experiencing.

The mine plant is not working and operating at full capacity and has decided to switch off its smelter and concentrator in the interim.

Mufulira District Commissioner (DC) Dyford Muulwa has confirmed the development to ZANIS in an interview in Mufulira today.

Mr. Muulwa further disclosed that the mining firm has already informed him about the latest developments adding that only partial production was taking place at both smelter and concetrator.

He added the temporal shut down of key facilities at MCM will definitely affect production at the mining conglomerate.

Mr. Muulwa observed that Mopani was currently compiling a detailed report for his attention to quantify the amount of copper and forex that has been lost following the shut down.

ZAMBIA Vs CAMEROON MATCH COMMENTS

281

Africa Cup of Nations, Group C
Date: Saturday, 26 January
Kick-off: 1900 ZMT
Venue: Baba Yara Stadium, Kumas

Thread created for pre, live and post match comments by LT visitors waching the game

Govt to introduce windfall tax on base metals

23

Government will introduce a windfall tax on base metals at a minimum rate of 25 percent and increase mineral royalties to 3 percent from 0.6 percent, Finance Minister Ngandu Magande said on Friday.

Magande said during the 2008 budget presented in parliament that the new taxes would be effective from April 1, 2008.

“For copper, the windfall tax shall be 25 percent at the copper price of $2.50 per pound but below $3.00 per pound, 50 percent … for the next 50 cents increase in price and 75 percent … above $3.50 per pound,” Magande told parliament.

He gave no details of rates for other base metals.

Magande said the government would also reintroduce withholding tax on interest, royalties, management fees and payments to affiliates or sub-contractors in the mining sector at the rate of 15 percent.

“Effective 1st April … the corporate tax rate will be 30 percent, the mineral royalty rate on base metals will be 3 percent of gross value,” Magande said. Corporate tax was previously 25 percent.

He said the new taxes were aimed at ensuring Zambia benefited from its vast copper and cobalt mines, the country’s economic lifeblood.

The rise and introduction of some taxes is a direct response to complaints by the opposition, trade unions and civil society that Zambia was not getting enough benefits from its mineral resources.

Magande said the new revenue from the copper mines would allow the government to increase investments in education, health and other social sectors.

“These measures are competitive, reasonable and balanced. The expected additional revenues in 2008, as a result of these new measures are estimated at $415 million,” Magande said.

Magande said preliminary data showed copper output marginally rose to 523,435 tonnes last year versus 515,618 tonnes in 2006 while cobalt production declined by 9 percent to 4,229 tonnes from 4,648 tonnes in 2006.

Copper output was significantly below the 670,000 tonnes Zambia had forecast for 2007.

Magande gave no production forecast for 2008, but analysts have warned that production will be hampered by power shortages, which has already forced copper mines to reduce output.

Zambia’s national budget deficit was expected to widen to 3.2 percent of gross domestic product (GDP) in 2008 from 0.95 percent last year.

Magande said in his 2008 budget speech to parliament that the economy should grow by 7 percent this year after expanding by 6.2 percent in 2007.

He said inflation would average 7 percent in 2008 compared to an 8.9 percent average in 2007.

Download the full budget speech HERE

Cameroon-Zambia Preview

102

Zambia hope to put their short-changed dispute behind them on Saturday when they face a sore Cameroon in both sides penultimate Group C match in Kumasi.

Patrick Phiri’s team boycotted training on Thursday after allegedly being short-changed U$500.00 of the US$2500.00 per-player winning bonus promised to them.

Zambia beat Sudan 3-0 despite an awful display in their opening game last Tuesday and currently leads Group C on 3 points, level with Egypt who beat winless Cameroon 4-2 on the same day.

There will surely be talk of the money issue becoming a factor should Zambia lose or draw against Cameroon.

However, it should not be an excuse and a convincing performance against the four-time champions will redeem some doubts about Zambia’s real prowess.

Furthermore, it is a match the Zambian players stand to lose from more, long-term, than the fans back home with claiming the scalp of a major African football powerhouse like Cameroon enhancing their own value and profile.

The biggest plus is the return of striker Christopher Katongo from Brondby in Denmark and midfielder Isaac Chansa of Helsingborg in Sweden.

Katongo and Chansa were serving one-match suspensions from accrued yellow cards for the former and a red for the latter in the qualifiers.

It has been seven years since Zambia and Cameroon played each other in a 2002 Japan World Cup qualifier played on July 14, 2001 at Independence Stadium in Lusaka.

The match ended 2-2 and the highlight of that match seeing two breathtaking goals from each team by two players who have since passed on.

The first was a spectacular striker by Marc-Viviene Foe in the 52nd minute before Chaswe Nsofwa raced through to equalize in a match Cameroon matched straight onto the pitch from Lusaka International Airport just an hour after landing from their Johannesburg training camp.

Only four players from that match have returned for this weekend’s game in Kumasi with Ian Bakala for Zambia the only survivor in Phiri’s current squad.

Cameroon have goalkeeper Hamidou Souleymanou, defender Bill Tchato and Joel Empele who had an interesting midfield duel with Gift Kampamba in the battle for the middle of the park on that Saturday, July afternoon.

Empele will be hoping to reign again but with Chansa back in action, Phiri will take a bit of comfort although nothing is certain should Jean Makoun find his rhythm.

Striker Samuel Eto’o who scored a brace against Egypt is set to play his first ever match against the senior Zambia team after failing to turn up for last meeting in 2001.

And Zambia Phiri knows his well documented weakest links from back, centre to front have they some work cut out for them against a Cameroon team hoping to quickly erase that bruising 4-2 defeat at the hands of the defending champions last Tuesday.

Meanwhile, in their second match of the day at the same venue, Egypt face bottom of the table Sudan.

Like Zambia, Egypt will be hoping to make it two-out-of-two on match day two and hopefully secure their quarterfinal place with a game to spare.

Kasama Chickens on ARVs and Contraceptives?

71

Some broiler chicken breeders in Kasama are reportedly mixing feed with Anti-retrial Viral (ARV) and contraceptive drugs to feed their chickens.

Sources who declined to be mentioned told ZANIS that most of the chicken breeders are using the drugs which they are buying from the local drug stores in the area to mix with chicken feed so that they could grow fat and faster.

The sources cited an example of a retired civil servant whom they alleged to have been using the same method of rearing chickens which he later sells at k18, 000 per chicken.

The said chickens were weighing 2.5Kg each saying the growth was abnormal for chickens to be ready in three weeks.

And Kasama District Veterinary Officer Dr.Webby Chibomba confirmed having received such complaints from the general public that some chicken breeders were using ARVs and contraceptives to feed the chickens.

He suspected that the culprits must have some medical background while others are acting out of ignorance.

Dr. Chibomba told ZANIS in an interview that last year his office received similar complaints which he later forwarded to Drug Enforcement Commission (DEC) in Kasama and recommended for the arrest of the suspect to pave way for investigations but was told to wait. Up to now no answer has come from DEC.

He said his department has no testing laboratories but instead depend on other stakeholders like DEC and health which handle drug abuse offences.

He explained that chicken breeders who are using the said drugs were drugging the consumers illegally saying it was a serious offence according to the laws of Zambia.

Dr. Chibomba further explained that the method has serious side effects on human lives because the white cells get impaired thereby affecting the immune system especially in people living with HIV/AIDS as the viruses become resistant to the treatment.

The veterinary officer lamented that it also affects family planning in couples while it might result in impotence in consumers.

He added that it was sad to note that some breeders have even gone to an extent of injecting chickens with penicillin while selling them out.

He expressed worry that this has resulted in disease resistance when one gets sick to respond to the prescribed medicine.

Meanwhile Dr. Chibomba said his department has embarked on an inspection programme which will be conducted on regular basis to ensure that the chickens are fed with right food.

He added that the hindrance to effecting the programme would be lack of transport since the work requires mobility to monitor the growth of chickens.

The Veterinary Officer, however, said the programme is an inter-sectoral programme which needs team work from all line ministries and support from stakeholders as the fight is a noble cause if the culprits are to be fished out.

He has since appealed to the general public not to be buying broiler chickens anyhow or supplement with indigenous chickens which feed mainly on indigenous foods.

Govt. cannot bail out ZNBC to beam matches, Mulongoti

16

Chief Government spokesperson Mike Mulongoti has said it would not be prudent for government to bail out the Zambia National Broadcasting Corporation (ZNBC) with the K4 billion shortfall to beam the Africa Cup live when the country was experiencing floods in most parts of the country.

He told parliament in a ministerial statment today over the failure by the national broadcaster to beam live the on going MTN Ghana Africa Cup of nations, that government was also sourcing the funds to mitigate effects of the floods and ease the suffering of flood victims.

Mr. Mulongoti said the amount required by ZNBC to air live the Africa Cup of Nations matches can go a long way in assisting people affected by the floods.

Mr. Mulongoti, who is also Information and Broadcasting Services minister, said the demand in the two weeks has increased on the repair of damaged bridges due to heavy rains and the relocation of people displaced by floods.

“we do not however think it proper that such huge amounts of money should be spent on one activity lasting only a few weeks and benefiting only a few people with television sets at a time when there is a greater demand on government funds for social services,” he said.

The Minister added that the money, which the ZNBC raises from television levies could better be spent on expanding radio and television reception with an additional television channel other than spending on airing the matches, which have short term benefits.

He said currently ZNBC collects about K4.8 billion annually from TV licence fees adding that compliance levels from members of the public was still low.

He said Zambia like many other countries in the region have failured to broadcast the matches due to the exorbitant fees charged by the vendor’s rights MTN Africa Cup of Nations 2008 and MTN Confederation Africa Football (CAF) champions league 2008.

Mr. Mulongoti noted that ZNBC,s ability to air live matches including the English Premier League and local league was as a result of sponsorship by private companies.

He said in 2006, government had to bail out the national broadcaster with K3.1 billion after the corporation failed to raise K3.7 billion requested by the Vendor.

So far the corporation has been able to raise K800 million from advertising and campaigns and a further K130 million from the SMS competition it had been running for a month.

“In this respect, the last World Cup held in Germany in 2006 was screened in its entirety by ZNBC because of the reasonable cost that was placed by the vendors of the rights,” he added.

He said the current vendors of the rights to the Africa Cup of Nations have hiked the cost to amounts of K6 billion an amount that ZNBC cannot realistically raise.

He said ZNBC, insipte making attempts to get the vendor to reduce the fees, received no co-operation from MTN .

Mr. Mulongoti added that the partnership failed to materialise with MUVI regarding the matter because of the conditions that the private television station offered, which would have been unethical and unprofessional.

He disclosed that MUVI TV, among other conditions, proposed to have their own entertainment programmes run on ZNBC as a way of payment and that the two stations run a joint SMS competition that would raise K5 billion in three days.

“The corporation also rejected MUVI TV proposal that their members of staff be allowed to conduct their telephone SMS competition and promotion on ZNBC TV as one channel.

He said the proposal was unethical as MUVI was going to run the programmes nationally while their license restricts them to only Lusaka.

The Minister has since expressed sadness at false reports linking Muvi TV to have offered to fund the beaming of the games live.

He said the falsehood, which is a smear campaign against the national broadcaster, has incited people protest gainst ZBNC for having hindered MUVI from facilitating live broadcasts of the Ghana tournament.

Chilubi MP Obius Chisala asked government why the corporation failed to engage in fundraising ventures earlier having known about the event way back.

Munali MP Josephine Mumbi questioned government why it has failed to mobilize K4 billion when it has managed to mobilize resources for the Constitution making process.

Kalomo MP Request Muntnga wondered why the broadcaster failed to negotiate for airing matches that Zambia would play, to which the minister said the vendor refused as he was uncorporative.

Luapula MP Peter Machungwa wondered why government could not get K4 billion from the K900 billion which remained unused at the end of the year.

Maureen’s candidature slowly gaining momentum

106

First Lady Maureen Mwanawasa’s presidential candidature has received support from another chief with some urging her to declare her position early enough. Chieftainess Kalaba of the Ushi people in Mansa district has said First Lady Maureen Mwanawasa has good leadership qualities and therefore can make a good president of Zambia.

The chieftainess also said her chiefdom would support Mrs. Mwanawasa’s candidature as president of Zambia.

In an interview with ZANIS at her palace yestarday, Chieftainess Kalaba said through the Maureen Mwanawasa Community Initiative (MMCI) and her interaction at international level the, First Lady has shown to the country that she can lead the country to prosperity.

The traditional leader called on the entire women folk in the country to rally behind and support Mrs. Mwanawasa if she stands for presidency.

“There is nothing wrong for a female president and it is not about gender that we are supporting her but about her ability and qualification to lead this country better than some men who have so far expressed interest,” chieftainess Kalaba said.

She said Zambia was ready to have a female president and asked women to support each other.

“Those assertions that we are not ready for a female president are not true. Leadership is granted by God. So if God has this time chosen a woman who are to object,” said the Cheiftainess.

Meanwhile, the traditional ruler has advised Mrs. Mwanawasa to consider standing as president and announce her interest in the position of president early enough.

Some sectors of the community have said the First Lady was suitable to run for national presidency in the 2011.

And recently President Mwanawasa said that MMD members interested in party positions should come out and announce the positions they were aspiring for.

Dr. Mwanawasa, however, cautioned Cabinet Ministers against being preoccupied with campaigns at the expense of work.

Govt uged to allocate more funds to ICT implementation

0

An Information Communication Technology (ICT) expert has called on government to allocate funds to implement the ICT policy which President Mwanawasa launched last year.

One World Net executive director Priscilla Jere told ZANIS in Lusaka today that government should in this years national budget ensure that enough funds are allocated to operationalise departments that will enhance communication.

Ms. Jere said establishing of ICT departments will facilitate and enhance implementation of ICT in the country.

She added that there is also need for government in this years budget to consider providing schools with computers in order to enable children have access to information.

Ms. Jere noted that ICT tools such as computers should no longer be treated as a luxury but a necessary tool that should not be a preserve of the few privileged people.

She said her organization also expects a further reduction on the cost and taxes of ICT tools such as computers to enable more citizens have access to the modern gadgets.

Ms. Jere further noted that access to ICT tools can contribute to development and bring down literacy levels as more people would access information.

She said the 2008 national budget is also a good opportunity for government to introduce centers of excellence were people can access computers and other ICT tools.

Ms. Jere added that government should also introduce e-government at local government level to enable councils operate efficiently.

Clergy cautioned against using pulpit for political ambitions

7

Government has warned the clergy against using the church to gain entry into politics.

Community Development and Social Services Deputy Minister Elijah Muchima says the church should provide direction to the nation and not to oppose it.

Commenting on the composition of the National Constitutional Conference (NCC) delegates, Mr. Muchima noted that those who have refused to participate in the constitution making process are disobedient and should blame themselves.

Mr. Muchima said this in Rufunsa in Chongwe when he officiated at the 10th anniversary of Nyampande Orphanage and Community School that concided with the launch of Chikondi Foundation.

The Deputy Minister maintained that government will go ahead with the NCC but that it is rather dismayed that the church is not doing enough to help government in the constitutional making process.

Mr. Muchima advised the church to rally behind President Levy Mwanawasa as he continues to govern the nation with his good leadership, which has started bearing fruit economically.

Over 500 members NCC registered as participants while some quarters of society among them the Oasis Forum have vowed not to participate in the NCC.

MoE allocates K88 Billion towards construction of high schools

12

The Ministry of Education says it has allocated K88 billion in this year’s budget for the construction of high schools in the country.

Ministry of Education Head of Infrastructure Joseph Nthele says the allocation

would be used to construct 32 high schools across the nine provinces in Zambia.

Mr Nthele disclosed this in an interview with ZANIS in mkushi today.

He explained that each high school would cost the Ministry K25 billion to complete adding that the ministry is hoping to receive more founds in the next budgets so that the building of schools would be complete on time.

He further said if the ministry of education receives constant allocation in the next budgets, the 32 high schools would be complete in four years.

Mr Nthele observed that his ministry decided to build more high school due to the increasing demand for higher education in the country.

Magande to unveil Zambia’s budget tomorrow

3

Finance and planning Minister Ngandu Magande is tomorrow expected to present the national budget which will spell out the country’s economic objectives to be attained this year.

Various stakeholders have high expectations in this year’s budget following the good performance of the economy last year.

Government has so far cheered a cross section of society that had over the years called on the New Deal Government to review taxes in the mining sector.

Mr. Magande is expected to spell out new taxes in the sector following the conclusion of work by the mining negotiating team appointed to review and recommend taxes to be introduced.

The United National Party for Development (UPND) has since advised government to plough back in communities where monies are operating, at least 5 percent mineral royalty and 10 percent windfall tax.

The party has further advised government to increase the current VISA fees from US$ 25 per person to at least US$ 50 per person.

Party Spokesperson Charles Kakoma said the visa waiver should be removed stated that foreign tourists pay the Visa fees abroad to tour operates who don’t declare it to Zambian authorities.

It is hoped that the new tax measure would increase the revenue that would now be generated from the sector unlike in the previous year.

Last year, Government under the budget theme from ‘stability to improved service delivery ‘managed to attain some of the macro economic policies set up for the year.

Government was set to achieve real Gross Domestic Product (GDP) growth rate of 7 percent, reduce inflation to 5 percent and reduce the government borrowing to 1.2 percent of GDP.

The 2007 nation budget which stood at K12 trillion was 72 percent financed locally while the remaining was to be sourced externally.

Government managed to attain a single digit inflation figure from 5 percent to 9 percent following the adverse inflation out turn in the first quarter.

Bank of Zambia Governor Dr. Caleb Fundanga last week stated that the country managed to attain single digit inflation for the second year in a row.

Yesterday, The Zambia Revenue Authority (ZRA) revealed that it collected K8.1 billion, surpassing the set target of K7,8 trillion of GDP.

ZRA commissioner Chriticles Mwansa attributed the revenue boost to increased collection under company tax, Pay As you Earn, Withholding Tax, exercise duty, import value added tax and medical levy

However, by the end of the year government departments, institutions and spending agencies failed to exhaust its allocations for developmental projects.

By the end of December, government had to mop up about K900 billion that was lying idle in the Central Bank and various commercial banks.