Advertisement Banner
Sunday, August 17, 2025
Advertisement Banner
Home Blog Page 696

GBM quizzed over $7 million dollars deal

24

The Joint Investigations Team has recorded a warn and caution statement from Patriotic Front member Geoffrey Mwamba aged 63 of New Kasama, for the offence of Conflict of Interest Contrary to the laws of Zambia.

Police Spokesperson Rae Hamoonga said it is further alleged that Mr. Mwamba was in possession of property reasonably suspected to be proceeds of crime Contrary to Section 71 of the forfeiture of proceeds of Crime Act No. 19 of 2010.

He said Mr. Mwamba has further been warned and cautioned for the offence of Fraudulent False Accounting Contrary to Section 326 of the Penal Code Act Cap 87 of the Laws of Zambia.

This is in relation to various contracts awarded to a company known as Curzon Global Limited by the Ministry of Defence in 2013 when he was Minister of Defence amounting to US$7.1 million where he allegedly had an interest.

And Mr. Hamoonga said the investigations team has warned and cautioned Mr. Adolphus Mubanga aged 58 of Makeni, in Lusaka, a country representative for Curzon Global Limited for the offence of being in possession of property reasonably suspected to be proceeds of Crime Contrary to the laws of Zambia.

The interrogation at Ministry of Home Affairs lasted more than Seven (7) hours from around 09:00 hours .

And immediately after the interrogation, Mr Mwamba expressed shock at how he was interrogated in the matter he is not aware of.

Mr Mwamba told Journalists that he was showed documents which did not have his signature.

The former Defence Minister added that he ready to be arrested and face his accusers in the Courts of Law.

Mr Mwamba said he knows too well that the matter will not go anywhere once taken to Court because he is innocent.

UK hails new dawn govt’s free education policy

The United Kingdom Minister for Africa Vicky Ford has applauded the Zambian government for fully implementing the free education policy to enhance access to education for vulnerable children in country.

Ms. Ford says access to education has accorded children an opportunity to fulfill their potential and develop their abilities.

She says her government will for this reason support Zambia’s implementation of her free education policy to enhance access to quality education for children especially the girl-child.

Ms. Ford , who is on a familiarization tour of schools in the country, stated that United Kingdom is also working with government to construct secondary schools in areas which are underserved.

She said this when she addressed pupils and various stakeholders at Mulola primary school in Chongwe district which she visited to assess the challenges being experienced by girls at the school.

Mulola primary school becomes the 100th school supported by the British council’s climate connection program aimed enabling school going children to take action against climate change issues.

And Education Minister Douglas Siakalima who accompanied Ms. Ford and her delegation implored parents in the Chongwe to stop marrying off their female children at an early age as adding that the practice is detrimental to the lives of girls.

Mr. Siakalima said the girl child should be encouraged to get educated to allow them to access equal opportunities to develop their livelihood as their male counterparts.

He said government is cognisant of the challenges that hinder girls attaining education adding that it is currently implementing various programs to address these challenges.

“Government and various stakeholders are have ensured that the girl child has equal access to education and other opportunities as the boys.

This has been made possible through the implantation of the re-entry policy, equal opportunities during enrollment, financial support through .

“ The keep girls in school’ program, provision of sanitary kits and inclusion of comprehensive sexuality education in the school curriculum among others,” Mr Siakalima said.

He also said the free education policy is expected to reduce drop outs and also improve attendance as well as performance levels for the girl child.

Mr Siakalima called on communities to take advantage of the decentralisation policy which government has actualized by ensuring that they prioritise support for school activities which can improve access to education for the girl child through their ward development committees.

Man commits suicide over beer

5

A 20-year-old man of Senior Chief Sikufele area in Kabompo district of North-western province has committed suicide after quarrelling with his mother over his beer-drinking habits.

North-Western Province Deputy Commissioner of Police, Fred Mulenga confirmed the incident in a statement today and identified the deceased as Kasanga Zangata of Miyutu village in Kabompo district.

Dr Mulenga said that the incident happened on April 5, 2022, around 16:30 hours.

” We received a report from the father of the deceased, Paul Zangata aged 47 years that his son Kasanga Zangata aged 20 of chief Sikufele in Miyutu village in Kabompo district committed suicide by way of hanging himself to a wooden beam in the house using a tree fibre”, he said.

Dr Mulenga said police visited the scene of crime and found the body still hanging in the house.

He said on inspection of the body no physical injuries were found and therefore, no foul play is suspected.

Dr Mulenga said a brought in dead form has since been issued and body was deposited at Kabompo district hospital awaiting burial.

HH thanks Swedish Ambassador for standing firm on issues of rule of law and democracy

11

President Hakainde Hichilema has held the long-standing cordial relationship between Zambia and Sweden. President Hichilema has praised Sweden through the Swedish International Development Cooperation Agency (SIDA) for the continued support to Zambia in different aspects of the economy.

He explained that Zambia and Sweden have continued to nurture their relationship despite some of the challenges that the two countries have gone through.

President Hichilema was speaking at State House in Lusaka today, when Swedish Ambassador to Zambia Anna Hultgard led a delegation of SIDA board members to pay a courtesy call on him.

He also commended Ms.Hultgard for the support in ensuring that there was respect for the rule of law and upholding of the tenants of democracy among political players in Zambia.

“SIDA through Sweden have a long standing relationship with Zambia, and let me thank you Ambassador in front of your team, for standing firm on issues of rule of law and democracy, you were courageous enough to hold meetings with us even when it was difficult under the previous regime,” he explained.

President Hichilema added that this has given the government a challenge to ensure that we promote and support the democracy of the country all the time.

He further informed the delegation how he executed one of his first jobs whose project was to do with SIDA.

He further thanked the SIDA board delegation for visiting Zambia and encouraged them to explore Zambia’s tourism sites.

And Swedish Ambassador to Zambia, Anna Hultgard pledged her country’s continued support to Zambia and congratulated President Hichilema for his commitment to restore the rule of law and economic transformation for the country.

Ms. Hultgard explained that President Hichilema’s stance on critical issues has earned him a good name.

She explained that this is why SIDA board members have been attracted to undertake a trip to Zambia, their first visit since 2019.

” I wish to pledge our continued support to Zambia and thank you so much for meeting us and the delegation, your positive approach to issues such as the rule of law and the economy has even attracted the body which has not undertaken any trip since 2019 to come to Zambia, ” she said.

Economic challenges affecting Zambia amid the high cost of living and doing business neeeds to be tackled

4

Ndola District Chamber of Commerce and Industry (NDCCI) President Paul Chisunka has said a multi-sectoral approach is needed to tackle economic challenges affecting Zambia amid the high cost of living and high cost of doing business.

The increase in fuel pump prices effected last week by a margin of around K4 has sparked debate among stakeholders.

Some people have gone on to accuse the Government of failing to manage the local economy properly owing to increased fuel prices.

But Mr. Chisunka said stakeholders must resist the urge to point fingers but must rather focus on designing well thought out appropriate solutions to economic challenges.

He has called for enhanced joint efforts from the Government, private sector, cooperating partners, civil society to overcome economic challenges Zambia was currently grappling with.

Mr. Chisunka said there is a need to use resources and intellectual abilities to change and improve business and create jobs for Zambians.

He called for a quick enforcement of the Single Licensing regime in all sectors, rolling out legal Instruments and even presidential decrees to give temporal trade moratoriums.

Mr. Chisunka further advocated suspension of duties on selective imports, and introduction of amnesties on tax and penalties to increase capital employed.

He also appealed to financial institutions like banks to work on reducing transaction costs and provide loans at reduced rates to help alleviate the economic situation.

Mr. Chisunka said the business community in Ndola wants the Government and the mines as the biggest buyers along with other large businesses to allocate the bulk of their local procurement to Zambian businesses and cooperatives.

“Mostly, due to high fuel prices and the dislocation of global trade, as a country we are experiencing an unusually high cost of living and doing business. But in times like these we must resist the urge to point fingers and rather focus on designing well thought out appropriate solutions. Government, private sector, cooperating partners, civil society – we need to stand together as a multi-sectoral unit committed to dealing with economic and social obstacles,” Mr. Chisunka said.

“Our resources and intellectual abilities should be applied to changing and improving what is within our power in terms of prioritising business and jobs for Zambians. The Single Licensing regime should be quickly enforced in all sectors and we need to urgently roll out legal Instruments and even presidential decrees to give temporal trade moratoriums, suspend duties on selective imports, and introduce amnesties on tax and penalties to increase capital employed and our collective output,” he said.

Mr. Chisunka said:”We appeal to our trusted banks to work on reducing transaction costs and provide loans at reduced rates to help alleviate the situation. The Government and the mines as the biggest buyers along with other large businesses should provide economic stimulus by allocating the bulk of their local procurement to Zambian businesses and cooperatives so that we can build instant liquidity and raise the purchasing power of households while keeping inflation in check.”

Government determined to eliminate inequalities in accessing healthcare services-Nalumango

1

Vice President, Mutale Nalumango, has commissioned the K4.6 million Sinyawagora rural health centre in Luangwa district and reaffirmed government’s determination to eliminate the inequalities existing between rural and urban areas in accessing healthcare services.

Mrs. Nalumango said it is important that citizens have equal access to quality healthcare services so that they can enjoy healthy and quality lives.

Speaking when commissioning the facility in senior chief Mburuma’s area, Mrs. Nalumango said government remains committed to attaining its developmental aspirations as outlined in the United Party for National Development (UPND) manifesto.

She said this can only be done with developmental partners such as Luangwa Child Development Agency which built the facility with financial support from ChildFund- New Zealand.

“We will continue promoting such partnerships that are aimed at improving the quality of life of our citizens because we want to truly work in unity to serve our people. It is through the spirit of unity that we are commissioning this facility here,” she said.

The Vice President has since commended Luangwa Child Development Agency and ChildFund for supplementing government efforts in improving the delivery of healthcare services.

Mrs. Nalumango stated that government is committed to providing relevant manpower and medicines to achieve universal health coverage.

She said the commissioning of the health facility is timely as it has come at a time when the government is recruiting over 11,000 health workers.

She advised people who are eligible to apply for the jobs.

“Though we have emphasised that people should be employed within their districts of residence, those who are eligible must take the first step by applying. You cannot be employed if you do not apply,” she said.

And Minister of Health, Sylvia Masebo, directed those involved in the recruitment of health workers to give priority to the qualified local people.

Mrs. Masebo advised those that have not yet applied for employment to take advantage of the three days extension to do so.

“We don’t want people from other districts to take up positions to disadvantage the local people as was in the past. We have seen such people get transfers shortly after being employed, a situation which denies the local people the required services,” she said.

She further announced that Luangwa district has achieved 62 percent vaccination of the eligible citizens in the Covid-19 vaccination campaign.

And Lusaka Province Minister, Sheal Mulyata, appealed to the Ministry of Health to ensure that the new facility is equipped with qualified health workers.

Mrs. Mulyata said Sinyawagora health centre provides healthcare services to a population of over 3,000 people.

Meanwhile, Child Fund Country Director, Simba Machingaidze, said the facility consists of a maternity wing, pharmacy, laboratory, screening rooms, male and female wards, mother and child wing among other units.

He disclosed that patients with complicated medical conditions had to cover a distance of over 24 kilometres to Katondwe mission hospital to access healthcare.

Mr. Machingaidze said some expectant mothers opted to deliver in their homes because the only health centre in the country did not have adequate equipment and space for maternal services.

He expressed concern that poor staffing has been a major challenge among health facilities that ChildFund has built in some parts of the country.

“This is so, especially in rural areas. We hope the ongoing recruitment of health workers will help address this concern,” he said.

Feira Constituency Member of Parliament, Emmanuel Tembo, said the construction of the health facility will reduce the travel costs to access healthcare services.

Mr. Tembo stated that Luangwa district has 400 health workers who are working on a voluntary basis.

He has therefore appealed to government to give priority to the local people in the recruitment of healthcare workers.

Red Arrows Stay 7 Points Ahead of Zesco

0

Red Arrows maintained their seven-point lead following Wednesday’s dramatic 3-2 away win over Nkwazi at Edwin Emboela Stadium in Lusaka.

Arrow dug deep to earn the victory in a match they rallied twice to secure the three points in their Lusaka derby.

Nelson Zulu put Nkwazi ahead in the 89th minute but Arrows equalized through Alassane Diarra in the 48th minute.

Ricky Banda then put Arrows ahead for the first time in the match in the 78th minute but the lead was short-lived when Christopher Zulu restored parity in the 86th minute.

It took Tresor Tshibwabwa’s stoppage time goal to see Arrows now needing four points from their next two games with five fixtures left before the end of the season.

Arrows have 59 points while defending champions Zesco United stay second on 52 points.

Zesco also won on Wednesday after beating hosts Forest Rangers 1-0 away in their Ndola derby at Levy Mwanawasa Stadium thanks to an Enock Sakala 57th minute goal.

Zesco are three points ahead of Green Eagles who drew 0-0 at home with fourth placed Nkana in Choma.

Nkana have 45 points after Wednesdays draw.

FAZ SUPER LEAGUE
WEEK 29
06/03/2022

Konkola Blades 0-Green Buffaloes 0
Green Eagles 0-Nkana 0
Prison Leopards 1-Kansanshi Dynamos 1
Power Dynamos 0-Chambishi 1
Buildcon 1-Indeni 0
Forest Rangers 0-Zesco United 1
Lusaka Dynamos 3-Kabwe Warriors 2
Nkwazi 2-Red Arrows 3
07/03/2022
Kafue Celtic -Zanaco

Ex-Mighty Chair Menzu Laments Wanderers 25-Year Poor Form

4

Ex-Mighty Mufulira Wanderers player and club Chairman Joseph Menzu has lamented his old team’s stagnant performance in the last 25 years.

National Division One side Mighty last won silverware in 1997 when they scooped the BP Top Eight.

The nine-time league champions last won the Super Division title in 1996.

In an interview, 82-year-old Menzu, who played for Mighty in the inaugural Zambian National Football League 1962, says inadequate sponsorship has contributed to Wanderers’ dwindling display in the last 25 years.

“Mufulira Wanderers is still in my blood up to now. I know that we are struggling because of finances. If the team was well sponsored like others, Mufulira Wanderers should have been in the Premier League,” Menzu said.

Menzu became Mighty team manager upon retiring in 1973.

“It is painful, you see when someone has been in both as a player and as an administrator you have that team or club at heart. And you see it struggling, it is painful. It is just that they don’t have money to really organise themselves and so on,” he said.

Menzu served as Mighty Chairman between 1993 and 1997.

“If they (Mighty) had money, I think Wanderers would have been somewhere, so sponsorship is needed. Really sponsorship is needed, not those you give a handful for running up and down.”

“You know football is an expensive venture. You’ve got to push in, throw in money. Mopani was not prepared to do that. You see, at one time, we heard that they had to choose between Nkana and Mufulira Wanderers and they said they were to sponsor Nkana and Mufulira Wanderers became a community team. If it is a community team it means you don’t want to spend money on that club,” Menzu said.

Wanderers have been in and out of the Super Division in the last 20 years.

Emmanuel Mwamba Reports ZESCO to ACC over the Poles Tender

25

Former Ambassador to Ethiopia and Opposition Patriotic Front Presidential Aspirant, Emmanuel Mwamba has reported to the Anti-Corruption Commission a tender issued by ZESCO for the supply and delivery of 40,000 wooden poles.

ZESCO has shortlisted 10 foreign companies from Zimbabwe and South Africa to supply and deliver the poles.

In a letter dated 6th April 2022, Mr Mwamba said the use of direct bidding for a tender requiring colossal sums of money was being motivated by corruption.

Mr Mwamba has also requested the Zambia Public Procurement Authority to order the cancellation of the tender as it was not transparent or objective and irregularly issued.

Mr Mwamba said the action to exclude ZAFFICO, Copperbelt Forest Company and other Zambian companies was not justified and that the tender was being driven by motives of corruption as the method used to single-source the foreign suppliers, was dubious.

“Zambian entrepreneurs can arrange similar logistical arrangements to supply ZESCO with the Poles at the right quantity, time and price if given a fair chance and opportunity, ” he said.

Mr Mwamba said the use of direct bidding or single-sourcing is used in emergency circumstances and the supply of wooden poles to ZESCO did not warrant such a method and also wondered why local suppliers were denied an opportunity when on the list of the foreign ten (10) suppliers that ZESCO has shortlisted, it has middlemen on it.

“”The attempt to show that this procurement is urgent and required direct bidding to the exclusion of Zambian companies, and on the pretext that it will be cheaper for ZESCO is defeated by the presence of middlemen on the list and the exclusion of both ZAFFICO and Copperbelt Forest Company, ” he charged.

Mr. Mwamba delivered the letter to the ACC and signed an official statement of complaint.

Traders at Chisokone plan a protest against influx of foreign traders

Traders in Kitwe’s Chisokone market have threatened to hold massive protests against alleged failure by the Zambia Immigration Department to control the influx of foreigners trading illegally.

The traders have also accused the foreigners of engaging in retailing instead of selling wholesale merchandise, a situation they said has disadvantaged the local traders as foreigners are selling their merchandise cheaply.

Speaking with ZANIS in Kitwe today Association of Vendors and Marketeers (AVEMA) President Abel Chikwa said the Immigration department officers should be proactive and remove all foreigners conducting business without work permits.

“There is an influx of foreigners trading illegally in Chisokone market and they are disadvantaging Zambians as they are retailing their products cheaply, we need to be protected because we cannot compete with them, as Zambians we cannot go to their countries and just start trading, we need government to intervene,” Mr. Chikwa said.

He noted that the same foreigners who are owning shops are employing their own children instead of employing Zambian youths.

And AVEMA Kitwe District Chairman Astone Sakala appealed to the Kitwe City council to ensure that foreigners are restricted to the wholesale business instead of retailing.

Mr. Sakala said it was unfortunate that foreigners are doing small businesses such as manicure and pedicure, and hair plaiting which should ideally be left to Zambians.

And Kitwe District Commissioner Lawrence Mwanza said all illegal foreign traders will be removed as everyone ought to do business within the confines of the law.

”We are not going to allow foreigners to trade without trading documents, there are laws in Zambia just as there are laws in Tanzania, we will remove everyone without documents,” Mr. Mwanza warned.

Mr. Mwanza however noted that the local traders are in the habit of alerting foreigners when the Immigration department undertakes clean-up operations.

He also noted that some traders have rented out their shops to Tanzanian traders and now they want to use government to have the foreigners chased so they get back the shops without paying back.

“Immediately we go there to remove the Tanzanians, the same Zambians alert the foreigners and they run away, others have rented their shops and they want government to remove the foreigners so that they do not pay pack the money they got, otherwise we encourage everyone to do business in a proper manner” Mr. Mwanza said.

He however stated that government will address the situation as it involves two nations whose business ties should be promoted.

Share ideas that will improve economy- Chitimukulu

Paramount Chief Chitimukulu of the Bemba people has urged Zambians to suggest ideas that will improve the country’s economic status, unlike condemning the government.

The Paramount Chief cited some challenges being experienced in the world such as the COVID-19 pandemic and the war between Russia and Ukraine as some aspects that are destabilizing the global economy.

He noted that the increase in commodity prices has affected the whole world and cannot be blamed on the government.

The Paramount Chief was speaking when the United Party for National Development (UPND) Secretary-General Batuke Imenda paid a courtesy call on him at his palace in Mungwi district.

Chief Chitimukulu commended the new dawn administration for making strides in improving the welfare of people by introducing policies such as free education.

And Chief Nkweto of Chinsali district in Muchinga Province said the provision of free education by the government will allow every parent to send their children to school.

Chief Nkweto also asked Zambians to give President Hakainde Hichilema time as he focuses on the economic transformation agenda.

And Mr. Imenda pledged the Party’s commitment to work with traditional leaders to improve people’s livelihood.

He appealed to the Paramount Chief to help government by explaining policies to his subjects as the President is working hard to improve the economy.

Mutapa Says ABSA Cup Underdog Tag Suits Napsa Just Fine

0

Napsa Stars coach Perry Mutapa says Red Arrows will be the favourite when the two teams clash in the 2022 ABSA Cup final on April 16 at National Heroes Stadium in Lusaka.

Napsa, the 2012 ABSA champions, reached the final on Saturday following a 4-2 post-match penalty win over Nkana after their match ended goalless at Woodlands Stadium.

Arrows beat Green Eagles 2-0 in Sunday’s second semi final played at Woodlands Stadium in Lusaka.

“I think, Red Arrows is the team of the moment. Obviously they are in line to win the league (Super Division) if they do well in the last games,” Mutapa said after watching Arrows eliminate Eagles.

“So I think we are the underdogs but it is a cup game the best team will win. It is a cup game and in a cup game anything can happen,” he said.

Both Napsa and Arrows are aiming to win their second ABSA Cup titles.

“Against Nkana, the only worry was not scoring. I think we created some chances which we could have buried. So going into the final, we need to work on that (scoring) and we work on the game plan. But of course Red Arrows are the favourite,” Mutapa said

Nobody in the previous regime has buried stolen money to create the current scarcity of money in circulation

26

Nobody in the previous regime has buried stolen money to create the current scarcity of money in circulation as suggested by the Minister of Agriculture Mtolo Phiri, PF aspiring Presidential candidate Chishimba Kambwili has said.

The phenomenon, he said was a result of economic fundamentals that had been mishandled.

Mr Kambwili has also criticised individuals castigating former President Edgar Lungu and the former regime, stating that he had run his race and deserved respect and not derision.

He has asked Mr Phiri to study economic fundamentals to understand money supply issues.

Mr Kambwili said it was a joke and just a sign that the government was not in charge of the economy, to suggest that money had been stolen.

Such matters, he said, were best left to the Minister of Finance and National Planning Dr Situmbeko Musokotwane who understood the monetary and fiscal policy.

He said such statements were supposed to come from the likes of Dr Musokotwane who was the Finance Minister.

“Let’s not divert the topic by claiming people are hiding money because as far as I’m concerned no individual has hidden money which has resulted in the shortage of money in circulation,” Mr Kambwili said.

He said the government needed to rise to the occasion and find lasting solutions rather than making lame excuses which Zambians did not buy.

Mr Kambwili said the government had investigative wings at their disposal who could fish out the culprits rather than make such alarming statements.

He challenged the government to approach the people who allegedly hid money so that the economy could be fixed because most Zambians were languishing as prices of essential commodities were skyrocketing.

Mr Kambwili wondered why ministers were making political statements that were meant to sway people’s attention, that it was a sign that they had failed.

It’s yet to be seen if the Government’s efforts to reduce the cost of living will work-JCTR

The Jesuit Centre for Theological Reflection (JCTR) has said that it is yet to be seen if the Government’s efforts to reduce the cost of living will work amid the increase in fuel pump prices.

JCTR Executive Director Fr. Alex Muyebe, S.J. said in a statement that the cost of living in Zambia was rising in contrast to the recent trend in national inflation which has been on the decline.

Fr. Muyebe said JCTR is aware that the Government is citing delivery of Constituency Development Fund, rolling-out of social cash transfer programme, implementation of free education programme, payment of salary arrears for local government employees, recruitment of health and teachers as efforts to cushion Zambian households from the rising cost of living.

He said the JCTR’s Basic Needs and Nutrition Basket (BNNB) survey recently for Lusaka stood at K9, 049.25 for the month of January 2022, showing a K689.45 increase in comparison to December, 2021.

“Since January 2022 the cost of living in Zambia has been on the upward trend corresponding to the rise in commodity prices. This scenario is not surprising given that the rise in fuel pump prices generally does have a spiral effect on the commodity prices in Zambia. The fuel pump price adjustment by almost K10 between December 2021 and April 2022 and the resultant adjustment in the commodity prices is inevitably going to hit hard on the majority of the Zambian people whose incomes are already very low. According to a study report by Karl Pauw, Bernard Tembo and James Thurlow on “COVID-19 in Zambia: Impacts on Production, Poverty & Food Systems” published on 6th April 2021, poverty rate in Zambia increased by 4.3 percent due to the COVID-19 pandemic,” Fr. Muyebe stated.

“The rising cost of living is just setting on course, and it looks likely that it is going to push more households into absolute poverty. In the midst of this, the Government has urged citizens to be extra resilient because it is aggressively working towards stabilizing and ultimately lowering fuel pump prices and improving the general economic welfare of Zambians.”

Fr. Muyebe added:”It is yet to be seen if what Government is pointing to as its key commitments such as delivery on Constituency Development Fund, rolling-out of social cash transfer programme, implementation of free education programme, payment of salary arrears for local government employees, recruitment of health and education workers will be enough to cushion Zambian households from the pangs of the rising cost of living when the fuel pump prices still remain very high in the short term. What does the Government say to a poor household in Chibolya compound which is not a beneficiary of any of the above listed programmes and yet it now has to pay more for food and other basic necessities?”

Fr. Muyebe observed that Zambia’s recent inflation rate is not corresponding with the cost of living.

“This signified an 8.24percent increase in the cost of living between December 2021 and January 2022. The BNNB for Lusaka has continued to rise since January 2022. This is in contrast to the recent trend in national inflation which has been on the decline. According to the Zambia Statistics Agency Zambia’s inflation rate for March has declined to 13.1 percent from 14.2 percent recorded in February driven by the base effect, which compares inflation in the corresponding period of the previous year,” he said.

Fr. Muyebe emphasised:”The point that needs to be highlighted is that although these two indicators are intimately related, they are not synonymous. The explanation lies in the definition of inflation; “inflation measures the rate of increase of general prices level”. The opposite is deflation, “the general decline in prices for goods and services”. Therefore, a decline in inflation rate does not mean that prices have necessarily reduced.”

“All it means is that the rate at which these prices are rising over the comparable period has reduced. We can only talk about reduction in prices if the inflation rate falls below zero (in this case it becomes deflation). Inflation presents the big picture. As the cost of goods and services rises, the buying power of the Kwacha falls. The inflation rate is often measured by the change in the Consumer Price Index (CPI), a monthly measure by the Zambia Statistics Agency that averages the cost of a basket of goods and services from areas around the country. It reports the result as a percentage rise or drop in CPI,” Fr. Muyebe said.

Christopher Kang’ombe calls on Government to recapitalize Mopani Copper Mines

9

Kitwe’s Kamfinsa Member of Parliament Christopher Kang’ombe is asking the Government to recapitalise Mopani Copper Mines (MCM) on the Copperbelt.

The Government last year through ZCCM- IH acquired the majority shares in Mopani at an estimated cost of $1.5 billion.

Glencore, the private majority shareholders, used to declare losses while continuously cutting the labour force.

Eng. Kang’ombe said constant re-investment in Mopani is needed to keep operations running at a profit.

He said Mopani which has operations in Kitwe and Mufulira is a highly mechanized operation that needs urgent investment.

Eng. Kang’ombe added that investment in Mopani will ensure that suppliers and contractors engaged by the mining firm are paid on time to keep production up.

The Kamfinsa Member of Parliament is the Patriotic Front (PF) National Youth Chairman who worked for Mopani as a trainee Engineer from the Copperbelt University around 2009.

Eng. Kang’ombe added that Zambian engineers have been running Mopani well since the Government became majority shareholder.

“According to the Mopani Copper Mines (MCM) website, the company employs 15,500 workers. In 2021; a decision was taken by the government through ZCCM- IH to acquire the majority shares in MCM at an estimated cost of $1.5 billion. Previously, Glencore the private majority shareholders would always blackmail the government by threatening Zambians with job losses around election time in the name of care and maintenance, while placing other demands on the table. The claim was that no profit was ever made from 2000 when they took over Nkana and Mufulira divisions of ZCCM,” Eng. Kang’ombe said in a media statement.

“Consequently, no dividend was ever declared to the respective shareholders. For over two years now, MCM has been well run by Zambian engineers. But as we all know, mining is a very expensive business. Constant re- investment is needed in order for the Engineers to keep operations running at a profit.MCM is highly mechanised and therefore needs urgent recapitalization to ensure Suppliers and Contractors are always paid on time to keep production up,” Eng. Kang’ombe added.

Shareholders in ZCCM-IH have overwhelmingly supported its acquisition of a 90% stake in Mopani Copper Mines (MCM).

Swiss firm Glencore agreed the sale of its majority stake in Mopani to ZCCM-IH in a $1.5 billion deal in January, 2021.

At the time of this deal, then ZCCM-IH Chief Executive Mabvuto Chipata said with increased ownership, ZCCM-IH would now be an active participant in the global industry as copper becomes a critical metal.

ZCCM-IH had said it expected to find a new investor for Mopani by the end of the year 2021 as it looked to boost copper output from a little more than 34,000 tonnes to 150,000 tonnes.