ZRP condemns City Market crooks

  By FLAVIOR CHISHALA   THE Zambia Republican Party (ZRP) president Wright Musoma has condemned people collecting money from individual and organisations under the pretext that they are helping people whose stalls were gutted in the Lusaka City Market inferno. Mr Musoma said in an interview that it was sad that others could take

ZESCO chief preaches transparency

By MAILESI BANDA   TRANSPARENCY in the procurement process is important for the development of the economy as it promotes trust in an institution from the suppliers, ZESCO managing director, Victor Mundende has said. Mr. Mundende said this in a speech read by senior manager - procurement, Brian Kambole, at the integrity

Lafarge commits to  help home builders

By MAILESI BANDA   THERE is need to stimulate the construction of quality infrastructure to tackle the challenge of unplanned settlements, Lafarge Zambia acting chief executive officer, Chrissie Moloseni has said. Ms. Moloseni noted that there was need for stakeholders to promote the construction of quality infrastructure in the country. Speaking during the launch

Barclays lends SMEs K500m

By BUUMBA CHIMBULU   BARCLAYS Bank Zambia has this year lent out over K500 million to support the Small and Medium Enterprises (SMEs) sector in the country. This commitment is under the Banks’ Business Banking Segment were the SME portfolio falls. Barclays Bank Zambia managing director, Mizinga Melu, announced at the 3rd Nyamuka Zambia

Minister hails private sector role to stabilise economy

By BUUMBA CHIMBULU   EFFORTS by the private sector such as Standard Chartered Bank to promote financial inclusion have stabilised the economy financially, Minister of Commerce, Trade and Industry, Margaret Mwanakatwe, has said. Ms. Mwanakatwe said it was gratifying to note that Standard Chartered Bank had been a key partner in the implementation

Milk production low – DAZ

By AARON CHIYANZO   ZAMBIA is lagging on a deficit of over 100 million litres of milk annually which would-be dairy farmers can take advantage of and contribute immensely to the Treasury in the form of taxes, says Dairy Association of Zambia (DAZ) policy officer Kapoche Mwale. Mr Mwale said that only about

Tobacco sector asks for exempt status

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By MAILESI BANDA TOBACCO should be moved from the current standard rated VAT status to an exempt status if the crop is to be competitive in the region, Tobacco Association of Zambia consultant Phonto Mumbi has said. Mr. Mumbi said for the tobacco industry to be competitive, there was need for the

MUZ slams ‘foreign’ labour at mines

By VIOLET TEMBO THE Mineworkers Union of Zambia (MUZ) is worried over the sub-contracting or outsourcing of labour by mining companies coupled with poor salaries and conditions given to the workers, says General Secretary Joseph Chewe. Mr Chewe appealed to Government through the Ministry of Labour to look into the issue of

Prudential targets money knowhow for kids

By MAILESI BANDA   PRUDENTIAL Life Assurance Zambia has launched a pilot financial literacy programme aimed at equipping pupils between the ages of seven and twelve with financial knowledge and wise money management. Managing director Rajagopal Krishnaswamy said the programme, which is in partnership with Junior Achievement, would be piloted in five

Italian investors eye horticulture sector 

By BUUMBA CHIMBULU A NUMBER of Italian investors are expected to invest in Zambia’s Horticulture industry this year, Zambia National Farmers Union (ZNFU) president, Jervis Zimba, has revealed. Mr Zimba said the interest from these companies followed a visit to Italy 3 months ago by a Zambian delegation which included 150 farmers. He