Lafarge promotes health, safety

Fallback Image

BY MAILESI BANDA GOVERNMENT has commended Lafarge for promoting the health and safety of their employees and families through the hosting of a sports day.  Ministry of Transport and Communication acting permanent secretary, Yese Bwalya, said the hosting of the sports day would help in the promotion of fitness, adding that there

AfDB to use DBZ to fund off grid energy projects

Fallback Image

By BUUMBA  CHIMBULU THE African Development Bank (AfDB) has pledged to use the Development Bank of Zambia (DBZ) as a channel to invest in small off grid energy projects in Zambia. According to AfDB vice president for Power, Energy, Climate and Green Growth, Amadou Hott, the move would accelerate the implementation of

Farmers can use ZAMACE to access inputs

Fallback Image

By BUUMBA CHIMBULU ELEVEN warehouse receipts with the total quantity of 10,000 tonnes of maize grain worth US$2.6 million from the Lusaka certified storage site have been issued by the Zambia Agriculture Commodity Exchange (ZAMACE). And ZAMACE has certified five warehouse operators with a total storage capacity of 425,000 tonnes for the

Grain traders press for removal of 10 PC export tax

Fallback Image

BY MAILESI BANDA GOVERNMENT should revise the 10 percent tax being charged on the export of maize because it is a barrier to trade, Grain Traders Association of Zambia (GTAZ) executive director Chambuleni Simwinga has advised. Mr. Simwinga commended Government for allowing the export of maize but appealed to them to consider

African states urged to clamp down on illicit cash flows

Fallback Image

By BUUMBA CHIMBULU ZAMBIA should introduce laws which require multinational companies to publicly disclose their revenues as a way of fighting illicit financial flows, economist Lubinda Habazoka has suggested. Dr Habazoka observed that most African countries, including Zambia, did not have stiff laws which would assist nations fight illicit financial flows. “You will

Zambia can supply region with mealie meal – millers

Fallback Image

BY MAILESI BANDA ZAMBIA has the capacity to feed the Southern African region and beyond with the meali meal produced from local milling companies, Millers Association of Zambia (MAZ) chairperson Andrew Chintala has disclosed. Mr. Chintala explained that Zambia currently had a 3.4 million tonnes commercial milling capacity per annum while Zambians

Build while still working, fund urges members

By BUUMBA CHIMBULU THE Public Service Pensions Fund (PSPF) is currently offering home ownership scheme which allows its members to obtain mortgages, says the fund's board chairman, Moses Banda. Dr Banda explained in Lusaka that the scheme allowed members to obtain mortgages from the fund which they could use to either purchase

Inflation drops below April level

By MAILESI BANDA THE annual inflation rate as measured by the all items Consumer Price Index for the month of May decreased to 6.5 percent from the 6.7 percent recorded last month, Central Statistical Office (CSO) director of census and statistics John Kalumbi has announced. Mr. Kalumbi said this meant that on

Pension funds shocker

By BENNIE MUNDANDO IT IS an act of national betrayal that law enforcement agencies including police, DEC and ACC have failed to act on the diversion and transfer of K399, 472, 260 million retirees’ money from Zambia into an off-shore account by Saturnia. The Pensions and Insurance Authority (PIA) is believed to

ZRA scoops K105m over amnesty

BY BUUMBA CHIMBULU ABOUT K105 million has so far been realized from the amnesty on interests and penalties which was introduced on 24th April 2017 by the Zambia Revenue Authority (ZRA). The exercise, which will run up to December this year, is meant to assist taxpayers to be tax compliant. Speaking in an