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”EU Will Be The Main Beneficiary of the EPAs’

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Civil society actors in Ghana appear united in the opinion that economic partnership agreements, EPAs, currently being negotiated between the European Union, EU, and the 77 member African, Caribbean and Pacific group of countries, will not benefit Ghana.

In its present form, the EPA will lead to the loss of livelihood for most peasant
farmers, Mohammed Adam Nashiru, president of the Ghana Trade and Livelihood Coalition
Campaign, told a recent meeting of peasant farmers.

Some 60 percent of Ghana’s workers are in the agricultural sector, which is the main
source of livelihood for Ghanaians and supplies 35 percent of the country’s gross
domestic product, GDP..

Nashiru identified the poultry industry and tomato factories as those most at risk
to be negatively affected if the EPA were to be implemented.

Ghana’s industrialists are also applying pressure on the government.

They say they need support to strengthen their industry to make them better able to
cope with compeitition from cheap European goods that are likely to flood African markets.

The EPA negotiations are due to be concluded on the 31st of December.

No need for panic over fuel, government assures

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Government has assured motorists and members of the public that the country will continue having sufficient fuel stocks on the market during the time Indeni Refinery will be closed.

Energy permanent secretary Peter Mumba said in a statement that at the time of the
closure of Indeni this weekend, Indeni will have about 11.9 million litres of
diesel to last for 11 days and 4.8 million litres of petrol to last 10 days.

He said the said stocks are expected to last up to the end of this month.

Mr Mumba further explained that in addition, government through trhe Energy
Regulation Board, ERB, has requested Oil Marketing Companies, OMCs, to import
finished petroleum products.

He said so far the OMCs have committed a combined total of 52.0 million litres of
diesel and 20.0 million litres of petrol for the period November to December 2007.

Mr Mumba explained that the OMCs will ship in a total of 32.55 million litres of
diesel to last 32 days 12.5 million litres of petrol to last f31 days.

The energy permanent secretary noted that this fuel will be available during the
temporary closure of Indeni.

Mr Mumba said the next 60,000 metric tonnes of feedstock is expected in
Dar-es-Salaam on 24th November, 2007.

Indeni is expected to resume production by 1st December, 2007 saying the refined
products from the 60,000 metric tonnes cargo of feedstock will last the country
until the first week of January, 2008.

Other measures put in place is the shipment of 90,000 metric tonnes of feedstock
which is expected to arrive in Dar-es-Salaam between 15th and 18th December, 2008
whose refined products would last the country until the third week of February,
2008.

Mr. Mumba said with these measures in place, motorists and the travelling public
need not panic.

Indeni Refinery will on 18th November exhaust the 60,000 metric tonnes of petroleum
feedstock which was procured in September 2007 and the refinery will undergo a
temporary shutdown awaiting the arrival of the next consignment scheduled for 24th
November, 2007.

Meanwhile, United Party for National Development (UPND) has expressed concern at media reports that Indeni Oil Refinery in Ndola has run out of crude oil and is expected to shut down on Saturday this week.

UPND Vice President, Richard Kapita said the revelation is of great concern because
the country recently experienced fuel shortages which adversely affected many
sectors of the economy.

In a statement released to ZANIS in Lusaka today, Mr. Kapita said a similar
occurrence would devastate the economy.

He observed that the disclosure by Indeni officials that government has removed
Total, a shareholder in Indeni, from procurement process of crude oil, is
saddening.

Mr Kapita added that the decision taken by government has resulted in recurrent
shortages of feed stocks because government has single handily taken on the task
leaving out the partner, Total.

He charged that government needed to be serious in the manner it handles procurement
of oil, as it is the lifeline of the economy.

Mr Kapita urged government to look for long-term alternative supplies of crude oil
such as Angola which can be harnessed through the Southern Africa Development
Community (SADC) arrangement.

He added that there is also need for government to build more reservoirs at Indeni
in order to store more crude oil.

ZANIS

Zambia Thursday football brief

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Clive Hachilensa is expected be the only foreign-based player Coach Patrick Phiri will have available as Zambia prepares to face Tanzania with a makeshift squad away in a friendly international on for November 21 in Dar es Salaam.

Not even one South African-based player is expected to be named in the team that will be unveiled tomorrow, Friday.

Zambia coach Patrick Phiri confirmed the development today and that Hachilensa of Finish top-flight club Mariehamn would be the only foreign-based player in Tuesday’s travelling party to face Tanzania.

Phiri however revealed that he was hoping to call-up playmaker Isaac Chansa from Swedish top-flight club Helsingborg whose season came to a close in late October.

FAZ meanwhile has defended its decision to send a second-string team to Dar next week saying it will give Phiri a chance to look at a couple of potential standby players ahead of next years Africa Cup of Nations.

The revelation is a blow to local football fans who were hoping to have a rare opportunity to at least see Phiri field a quality team of first-team campaigners in action for Zambia in a friendly match on a FIFA match date.

Meanwhile, the Zambia U23 lift for Ivory Coast Thursday afternoon.

Peter Kaumba prior to departure also named his 19-man team to face Ivory Coast Under-23 on Sunday in the two teams crucial Olympic Games Group B penultimate stage qualifier.

Kaumba dropped three players from his team goalkeeper Jacob Banda from Zesco United including midfielders Norman Munthali & Timothy Mbewe of Power Dynamos and Red Arrows respectively.

Zambia Under-23 Team:

Goalkeepers: Kalililo Kakonje (Nathi Lions, South Africa), Rabson Muchelenganga (Power Dynamos).

Defenders: Bronson Chama, Clive Sichondwe (Both Kabwe Warriors), Maybin Chishimba (Green Buffaloes), Eugene Shamakamba (Zamtel FC), Hichani Himoonde (Lusaka Dynamos), Davies Nkausu (Pretoria University, South Africa), Charles Siyingwa (Konkola Blades).

Midfielders: Francis Kasonde, Simon Bwalya (Both Power Dynamos), Stophira Sunzu (Konkola Blades), William Njobvu (Luaska Dynamos).

Strikers: Given Singuluma (Bay United, South Africa), Signs Chibambo (Nakambala Leopards), Emmanuel Mayuka (Kabwe Warriors), Christopher Musonda (Forest Rangers), Reuben Tembo (Green Buffaloes), Felix Sunzu (Konkola Blades)

Zambia national team to play Tanzania away in international friendly

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Zambia will play Tanzania away in an international friendly on November 20. The match is the first pre-Africa Cup warm-up international friendly match confirmed by FAZ for Zambia before the tournament kicks off in Ghana on January 20.
Zambia will leave for Tanzania on Tuesday, November 21 and return home on the 22nd after playing the Taifa Stars in Dar es Salaam.
FAZ however did not say which foreign-based players they would call-up for the friendly since the match falls on a FIFA calendar date.
At the Ghana finals, Zambia are in Group C together with defending champions and record five-time winners Egypt, four-time African kings Cameroon and Sudan.
Meanwhile, the Zambia Under-23 team this afternoon beat a combined Midlands/Copperbelt select side 2-0 in a training game played at Nkoloma stadium this afternoon.
Konkola Blades midfielder Stophira Nsunzu put Zambia ahead n the first half while a shot deflected off Chambishi goalkeeper Joel Kambili handed the Under-23 the win.
Peter Kaumba and his team depart for Ivory Coast tomorrow at midday via Addis Ababa ahead of Sunday’s penultimate Olympic Games football tournament Group B qualifier against their hosts in Abidjan.
And Kaumba’s team was given a boost today with the arrival in Lusaka of three foreign-based players to the team.
The three, who all playing the South African second division, are goalkeeper Kalililo Kakonje of Nathi Lions , striker Given Singuluma of Bay United and Pretoria University FC defender Davies Nkausu.
Zambia must beat Ivory Coast on Sunday to remain in the hunt for a place at next years Beijing Olympic Games football tournament final.
Hosts Ivory Coast lead Group B on 9 points, two more than second placed Zambia with a home win over the weekend ensuring the former will book their flight to China next Summer on an unassailable 12 points.
And FAZ has confirmed that the Zambia Under-20 and Under-17 teams will host their Malawian counterparts in Lusaka in two friendly matches on November 24 and 25.

Cost of living goes up

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THE Jesuit Centre for Theological Reflection (JCTR) says
the cost of living in Zambia has continued to rise.

Monthly surveys for prices of a basic needs basket for a family of six of both food and non-food items conducted by the JCTR in several retail outlets of Lusaka and other urban areas showed an increase in the price of food.

According to JCTR’s October basic needs basket, the cost of basic food was recorded at K549,050 in Lusaka, K571,700, in Ndola, Luanshya K537,900, Kabwe K511,180 and Livingstone K534,850.

Compared to September, the JCTR notes an upward adjustment in the range of K5,750 to K45,500 in the cost of basic foods in all the towns.

JCTR notes that while Lusaka recorded some reduction in the cost of a 25Kg bag of breakfast mealie meal, Kabwe, Luanshya and Ndola recorded increases.

In Livingstone, there was no change in the cost of breakfast mealie meal.

JCRT also noted increases in the price of a kilogramme of beans in Lusaka, Kabwe, Luanshya and Ndola.

While Luanshya recorded a decrease of K3,400 in the price of a kilogramme of dry fish, Lusaka, Kabwe, Livingstone and Ndola recorded increases.

The price of a kilogram of mixed cut beef also increased in Ndola, Luanshya, Livingstone and Lusaka, while Kabwe experienced some reduction.

In terms of non-food items, the price of charcoal increased in Lusaka, Luanshya and Ndola while in Kabwe it remained stable as in September.

Lusaka recorded reductions in wash and bath soap including Vaseline.

JCTR points out that expansion of household expenditure choices has remained Zambia’s major challenge.

It attributes the challenge in household expenditure to high cost of living, HIV and AIDS, household vulnerability to shocks, high unemployment levels and inadequate or absent non-farm income generating activities.

“The inadequate household expenditure choices is not of a cursory nature, but is a daily lived reality as revealed by the monthly survey of prices of a Basic Needs Basket for a family of six of both food and non-food items conducted by the JCTR in several retail outlets of Lusaka and other urban areas,’’

Daily-Mail

Hone College shut

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EVELYN Hone College of Applied Arts and Commerce (EHC) in Lusaka has been shut following the extended class boycott and worsening student unrest that undermined law and order at the campus.

The closure is indefinite but students sitting for final examinations will be allowed to return to campus on December 2, 2007.

Minister of Science, Technology and Vocational Training, Peter Daka, announced the closure of the institution at a press briefing at his office in Lusaka yesterday.

The minister was acting on resolution of the EHC board of directors, who resolved to shut the college at an emergency meeting on Monday evening.

“From 6th November 2007, there have been some disturbances at Evelyn Hone College where students have boycotted classes because of problems with water reticulation,” Mr Daka said.

He said the ministry had instituted measures to restore water supply and to solve the problems of sanitation in hostels.

“Despite these measures, students have continued to boycott classes and to behave in a manner threatening the college and its surroundings.

In view of this situation, I have decided to close the college with immediate effect,” Mr Daka said.

Mr Daka said the decision to close the institution was arrived at after efforts to reason with students failed.

He said Government could not entertain the student’s unruly behaviour because it had an obligation to protect life and property and to maintain law and order.

He said apart from safeguarding life and property, the closure of the college would also facilitate the rehabilitation of hostels, improvement of water supply and sanitation.

And Mr Daka said management at the college should have dealt with the water problem as an urgent matter.

He said the water problem should not have gone as far as it did because this was an indication that “someone was not doing their job properly.”

“Management was supposed to have handled the grievances of the students before the situation got out of hand.

When you ask people to work, they fail to do so.

This issue should not have gone this far,” he said.

On the students’ demands to have EHC director of academic affairs, Ellan Kamfwa removed, Mr Daka said it was not possible to fire a person based on hearsay, without any investigations and without giving him an opportunity to exculpate himself.

A Zambia Daily Mail team that rushed to the college around 06:00 hours yesterday found students packing their belongings in readiness for evacuation.

Management hired buses to ferry students to provincial centres.

Heavy traffic formed outside the college as some parents and students drove in and out to collect students’ belongings.

College principal, Sam Kangwa, said management had arranged for transport for all students from outside Lusaka to take them to provincial centres through out the country.

Most of the students did not have time to pack as they were awoken in the early hours of the morning by armed police who ordered them to pack and wait for buses at a central place.

Outgoing students union president president, Kelezo Lushako, said no one was hurt when police hounded them out of their rooms but that most of them were terrified by the heavily armed police.

He said students cooperated with police who also maintained their calm.

On Monday, the students held Ministry of Science, Technology and Vocational Training permanent secretary, Dr Buleti Nsemukila, hostage for one hour and Mr Kangwa for seven hours.

Meanwhile, Mr Daka has been directed to issue a statement in Parliament to explain the developments at EHC.

This came to light when a point of order was raised by Lusaka Central member of Parliament, Guy Scott (PF) who wanted to know whether Government was in order to ignore, three months ago, a Lusaka City Council’s report which described the water and sanitation situation at the college as a disaster.

Speaker Amusaa Mwanamwambwa ruled that the minister gives a statement.

UPND condemns closure of Evelyn Hone College.

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The United Party for National Development (UPND) has blamed Evelyn Hone College authorities for failing to resolve sanitation problems at the institution which has lead to its closure.

UPND spokesperson Charles Kakoma says the closure of the college will result in
academic time loss and impact negatively on the school calender.

Mr. Kakoma said the closure of the college has a negative bearing not only on the
students who are in their final year but also incoming students who will have to
wait longer because of the closure.

Mr Kakoma said this in a statement made available to the Zambia News and Information
Services (ZANIS) in Lusaka today.

He said college authorities are to blame for failing to sort out the water and
sanitation problem at the institution adding that the K150, 000 needed to sort out
the problem was too little and could have easily been raised.

He further said the ministry of Science and Technology, through the inspectorate
department should have moved in to sort out the water problem before the situation
worsened.

Mr Kakoma has however appealed to students in various learning institutions to
desist from damaging property each when they are aggrieved adding that disturbing
innocent motorists and residents in surrounding areas was an act of
irresponsibility.

He further urged the college management to be proactive and resolve the water and
sanitation problem at the institution so that students do not lose out on the
academic calendar.

Government yesterday closed the Evelyn Hone College indefinitely after a week long
of protests against poor water reticulation and sanitation at the institution.

Pro’s Hit List

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DENMARK

Striker Christopher Katongo came in the final 18 minutes for 8th placed Danish club Brondby in the home teams 3-0 victory over 4th from top AC Horsens on Saturday.

Katongo was not on target in that match.

FRANCE

Striker Jacob Mulenga also came on as a substitute on Saturday for his club Strasbourg’s 3-0 away defeat to 7th placed Monaco.

Mulenga came on in the 73rd minute for his 9th positioned Ligue 1 club in their away loss in the principality over the weekend.

GERMANY

Kickers Offenbach: Defender Moses Sichone did not play for number 13 placed Kickers on Friday in their 2.Bundesliga teams scoreless home draw against 7th SV Wehen Wiesbaden.

Paderborn: Midfielder Andrew Sinkala’s struggling and bottom placed Paderborn are in action on Tuesday evening 11th placed TuS Koblenz in their 2.Bundesliga round 13 match.

SOUTH AFRICA

Free State Stars: and Zambia first choice goalkeeper Kennedy Mweene played the full 90 minutes in goals for Free State Stars in the teams 2-1 Telkom Cup semifinal defeat to Mamelodi Sundowns on Sunday.

His compatriot and defender Kampamba Chintu also played the full 90 minutes.

TURKEY

Striker Collins Mbesuma did not play for 5th from bottom Bursaspor on Saturday in their 1-1 away draw at 13th placed Manisaspor.

Zambia to miss inflation target

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Zambia raised its 2007 annual inflation target to 9 percent from 5 percent and said it expected lower inflation of 7 percent in 2008, the Treasury said last week.

However, Finance and National Planning Minister Ng’andu Magande said the inflation could still drop to the 5 percent level for 2007 if the Kwacha continued to strengthen.

“Most of the weight on inflation comes from food and if the Kwacha appreciates then it will have an impact as people will import more goods which will (further) lower prices,” he said at the launch of the Treasury’s Medium Term Expenditure Framework.

Zambia revised its growth forecasts for this year to 7 percent from 6.2 percent and will sustain this level of economic performance for the next three years, the Treasury said.

It would target a fiscal deficit of less than 1.2 percent of Gross Domestic Product for 2007 and 2008 and 1.0 percent in 2009 and 2010.

The treasury said the deficit of about K952 billion from its proposed 12.8 trillion Kwacha national budget in 2008 would be financed through domestic borrowing, with only a portion sourced from donors.

The bulk of government spending of $3.3 billion would go to education, health and infrastructure such as roads, bridges, clinics and schools, in line with its plans to become a middle-income country by 2030.

The government would target new growth opportunities and diversify exports in agriculture, manufacturing and tourism sectors, the MTEF said.

Despite faster economic growth of an average 5.6 percent in the last three years about two-thirds of the population still live in poverty, the Treasury said. REUTERS

Exercise restraint, FTJ told

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GOVERNMENT has asked former president, Fredrick Chiluba, to exercise maximum restraint when commenting on issues such as the MMD’s loss in the Nchanga parliamentary by-election.

Chief Government spokesperson, Mike Mulongoti, who is also MMD chairman for elections, said yesterday that Dr Chiluba should speak sparingly because the people of Nchanga were reacting to some of the bad policies the former head of state left.

“Dr Chiluba was head of the MMD.

He should therefore speak sparingly. Some of the policies that are still being followed were left by him.

The people of Nchanga are reacting to old issues like the effects of the sale of mines under Dr Chiluba,” he said.

Mr Mulongoti, who is Minister of Information and Broadcasting Services, said Dr Chiluba should realise that he was among the people who were appearing in court for allegedly being involved in theft of public funds.

The minister challenged the former president to ask himself why he was appearing in court before he comments on anything.

“We would like to accord him respect as former president.

But if he wants to celebrate over our loss, he is declaring war on us and adding salt to a wound,” Mr Mulongoti said.

He said the reactions of the people of Nchanga were not new because they were based on old issues, which included the sale of mines under Dr Chiluba’s reign.

Mr Mulongoti said the MMD would continue to examine what could have led to its loss in the parliamentary by-election.

And MMD national chairman, Michael Mabenga, said in an interview from Mongu yesterday that it was unfortunate that Dr Chiluba had turned against the ruling party that he helped found and was now celebrating its electoral loss.

“It is very unfortunate that the former president should now turn against the party he helped to form and cheer at its loss in the Nchanga parliamentary by-election.

It is very unfortunate,” Mr Mabenga said.

Mr Mabenga said the ruling party had always been promoting democracy and would ensure that it established the truth about the alleged malpractices during the Nchanga by-election.

He said the party leadership was waiting for a detailed report from the team that spearheaded the campaigns on alleged vote-buying during the
by-election.

Last Sunday, Dr Chiluba held a press briefing at Lusaka International Airport shortly before leaving for South Africa for routine medical review.

The former president congratulated the MMD for being good losers in the Nchanga by-election.

He also congratulated the Patriotic Front for retaining the parliamentary seat that fell vacant after the opposition party’s member of Parliament, Charles Chimumbwa, resigned to join the MMD.

Dr Chiluba said the MMD should learn a lesson from their loss in Nchanga so that they could do better in future elections.

He said the beauty of democracy was that no one could force the people to support a particular candidate or political party.

Daily-Mail

Clergy slams tortoise bizzare scenes

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Two Lusaka Faith-Based organisations have condemned the practice of wichcraft and delivery of threatening letters to people and institutions in the country using the tortoise.

The organisations have also asked Inspector General of Police Ephraim Mateyo to
device a mechanism that would ensure that culprits are severely dealt with.

The Christian Faith Mission Centre (CFMC) says the church is concerned about the
reported cases of satanism and wichcraft as well as the delivering of threatening
letters to some businessmen and some institutions by tortoise on the Copperbelt.

(CFMC) Pastor-In-Charge Pastor Peter Chanda says the practising of witchcraft and
sending tortoise to deliver threatening letters is an indication that the work of
the devil in the country is at its highest level.

Pastor Chanda called on the christian community to be strong and prayerful in an
effort to curtail such vices.

Pastor Chanda told ZANIS in an interview in Lusaka today that the people practising
wichcraft should stop issuing threatening letters in the best interest of the
nation as such actions are frustrating christianity in the country.

The Clergy said there was need for the Zambian people to uphold the declaration of
Zambia as a christian nation and stop issuing threatening letters to people who have
defaulted in payments.

Pastor Chanda warned that those using satanism and wichcraft will be sent to hell
for their actions.

The CFMC Pastor -In-Charge further appealed to the Inspector General of Police
Ephraim Mateyo to ensure that he devices a mechanism that will ensure that the
culprits are severely punished.

Pastor Chanda said the Inspector General of Police should come up with extra
remedial measures that will assist in punishing pepertrators to deter others from
such vices.

He has since appealed to the public to desist from practising satanism and other
vices saying this would affect the christinian faith in the country.

And the Independent Churches of Zambia (ICOZ) has advised the Zambia citizenry not
to practise satanism and wichcraft.

ICOZ Chairperson Reverend David Masupa says although the Zambian Law does not
recognise wichcraft, people should not take advantage of the Law by practising
wichcraft and satanism.

Reverend David Masupa told ZANIS in a seperate interview that it is an abomination
to be using tortoise when sending threatening messages to the people as this is
against Biblical principles.

Rev. Masupa said his organisation is concerned about the continued reports of
tortoise and pigeons being used to deliver letters to businessmen and institution on
the Copperbelt.

He said his organisation condemns the practice in strongest terms as it is not
Biblical and Christian.

Rev. Masupa said when Zambia is a Christian nation and about 80 percent of its
people are christians, there is need to promote christian values and principles
which can help in strengthening the christian community in the country.

The two Lusaka based clergys’ sentiments comes in the wake of a number of reported
cases of tortoise and doves being used to deliver letters of threats to businessmen
and institutions in the country for defaulting payments and other cases.

Yesterday, a tortoise delivered a letter to a Kitwe Magistrate, Phabious Numbwa with
a message demanding the release of the two prisoners whom he allegedly jailed and
currently serving jail terms at Kamfinsa prisons.

This was after another tortoise delivered a threatening letter to a Ndola
businessman. Similar bizarre events have also occurred in Kitwe and Luanshya with
local businessmen being targeted.

Health workers in Serenje refuse to cross river for fear of their lives

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Health workers in Mpelembe area of Serenje are refusing to cross Luombwa river to provide health services to people of Kamaka and Reuben Muntanga areas in Chitambo constituency.

This came to light when villagers at Reuben Muntanga complained that they have had
no universal child immunization (UCI) programmes for some time now where under five
children and pregnant mothers are checked.

Speaking in an interview with ZANIS, concerned resident in the area Boniface Kalunga
said health workers fear to cross the river on canoes and would rather mothers and
their children cross to meet them on the other side.

Mr. Kalunga appealed to government to intervene and help the people in the area
access health services easily by building a bridge across the river.

Mr Kaluga said the officers were complaining that they could not risk crossing on
canoes or banana boats because there was no compensation in case of an accident.

On the other hand, the villagers were also saying it would be better for one person
to cross than risking a large number of children and women.

And Serenje district Director of health services, Edgar Mufaya said the problem
required the attention of all stakeholders to resolve.

Reports of workers asault at Mopani irk Mufulira Mps

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Two members of parliament in Mufulira have raised concern at the continued reports of harassment of miners at Mopani Copper Mines (MCM) Mufulira Division by mine security.

Kantanshi member of parliament Yamfwa Mukanga and his Kankoyo counterpart for
Kantanshi Percy Chanda told ZANIS in separate interviews today that they are
saddened at reports of mine employees being clobbered by the security personnel at
the mine.

The two lawmakers have since advised Mopani security to desist taking the law in
their own hands but should instead hand over any suspects to state police for
further investigations.

Last week, police officers from Mufulira Central police station picked up and
briefly detained two Mopani security officers for assaulting their fellow employees.

But when reached for a comment, the named security men dismissed as baseless the
accusations of assault levelled against them.

Simbao directs NCC to halt shoddy road works

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Government says there is need for the National Council for Construction (NCC) and other key players in the construction industry to establish the root cause of shoddiness in road works, particularly by some local contractors.

Works and Supply Minister Kapembwa Simbao says the cause for the shoddy works should
be established in order to come up with appropriate remedial measures.

Mr. Simbao was speaking at the National Road Fund Agency conference held in Lusaka
today.

Mr Simbao said government is concerned at increasing cases of shoddy roads works
because a lot of money is expended on such undertakings.

“I would like to request the construction industry to re-look at its performance
because some road works leave much to be desired,” said Mr Simbao.

He said Government created the National Council for Construction-NCC to specifically
deal with capacity issues in the construction industry.

Mr Simbao urged NCC to help Government in addressing problems in the construction
sector so as to correct the situation.

He said Government wants to see a situation where the available meagre resources are
put to good use and result in quality works.

Mr. Simbao pointed out that road and other infrastructure is key to economic
activities and subsequently in efforts aimed at reducing poverty.

He said roads were the engine for national development and that they open up
landlocked countries to national and international trade.

Mr Simbao also said that roads improve accessibility and mobility, especially in the
rural areas.

Mr Simbao ,however, was glad to note that the road sector had gone back to its
original vision of dissemination of details of the annual work plan for road
projects and road transport services in Zambia.

He told the participants that information dissemination was very important to the
government and for stakeholders to know and be able to provide valuable input into
the planning process.

He pointed out that information dissemination also promotes transparency and
accountability.

Mr Simbao further said that there is need for the Road Sector to prioritize projects
so that Government can channel funds to projects that are of economic importance to
the country.

He noted that Government’s policy was to get value for the money from all road
projects implemented.

And National Road Fund Agency Board Chairperson Julu Simuule said the objective of
the seminar was to disseminate the proposed 2008 Annual Work Plan for phase two of
the Road Sector Investment Programme whose main objective is to obtain stakeholder
input.

Government in 2002 restructured the road sector through Acts of Parliament that
ushered in three Road Sector Agencies to instil transparency, checks and balances
and accountability in the management of the road sector

Central Bank should be given charter to pursue price stability-Fundanga

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Bank of Zambia Governor, Caleb Fundanga has recommended that the Central bank be given a charter that includes the freedom and sufficient scope to pursue price stability.

Mr. Fundanga who observed that economies work better if investment and wage
decisions are not thwarted and confused by high inflation, said that while central
banks may not have goal independence, they should have instrument independence.

The Governor attributed an improvement in the fiscal operations of Government to the
supportive country’s inflation and growth objectives.

Mr. Fundanga was speaking in Livingstone today during the opening of the Symposium
on Central Bank Independence whose theme was “Central Bank Independence: Does it
Hurt the Treasury?” Mr. Fundanga said.

He disclosed that the issue of Central bank independence has taken a degree of
prominence in the region adding that it is one of the core principles underlying the
draft Southern African Development Community (SADC) Model Central Bank Bill which he
said is actively pursued by the Committee of Central Bank Governors in the SADC
region.

However, Mr. Fundanga noted that the independence of the Central bank would affect
the financing of fiscal deficits that Governments in the developing world have to
run and meet from time to time.

“There are arguments that there is a fundamental conflict between independence and
an obligation to finance the budget deficit which often is resolved at the expense
of price stability,” he pointed out.

He urged participants to make use of the forum to outline some of the past
developments and challenges, share experiences, appreciate the political and legal
aspects, and understand advantages of Central bank independence among others central
bankers, government, banks, non-bank financial institutions and the business
community to take Zambia’s financial sector to higher heights.

And former Bank of Zambia Governor, Justin Zulu has said that positive and
consistent macroeconomic reforms have manifested in improved investment environment
in the country.

Mr. Zulu, who is also Investrust Bank chairman said a stable macroeconomic
environment is a precondition for achieving growth and economic development which he
said are necessary factors to effectively reduce poverty.

He called for the consolidation and strengthening of the macroeconomic gains to
ensure that the economy has robust and sustained growth and development.

Mr. Zulu reiterated that making the central bank an agency with the mandate and
staking its reputation to maintain price stability benefits the economy and the
government as it stabilizes the macroeconomic environment.

The two-day symposium has attracted participants from Uganda, United Kingdom,
Netherlands, Mauritius, Tanzania, and Zambia.