Archive | September, 2012

BANK of ZAMBIA Announcement of the Bank of Zambia Policy Rate  October 2012 At its September 2012 meeting, the Monetary Policy Committee decided to maintain the Bank of Zambia Policy Rate at 9.0% for October 2012. During its deliberations, the Committee noted the following upward risks to overall inflation: Labor related cost-push factors; Rising international […]

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28 September 2012 PRESS RELEASE   AUDITORS VINDICATE MISA ZAMBIA   The Media Institute of Southern Africa (MISA) Zambia successfully held its 16th Annual General Meeting on 27 September 2012 at Palmwood Lodge in Lusaka at which Financial Auditors, AMG global presented an unqualified financial audit report. The financial audit report presented at the AGM […]

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“Go well my girl” KK bids farewell to Betty

“Go well my girl,” first republican president Kenneth Kaunda said in his farewell message to his wife Mama Betty Kaunda who was also Zambia’s ever first lady after independency in 1964. Mama Betty Kaunda who was interred at Dr Kaunda’s State Lodge home has been eulogized as a beacon of peace and a woman who […]

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29,000 passports disappear

 Over 29,000 Zambian passports have disappeared The 32 –paged Zambian passports valued at over K9 billion disappeared from passports office in 2010 and to date there has been no explanation on how the documents were lost. According to the latest audit report, 366 000 passports were issued in the year in question but only 336.026 were […]

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Power concentration will lead to dictatorship

The opposition UPND has charged that the concentration of powers and responsibilities in the hands of the President is a recipe for bad governance and should not be allowed. UNPD leader Hakainde Hichilema said that as a party, it was disappointed by President Sata’s decision to transfer the Road Development Agency (RDA) from the Ministry […]

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Work professionally, Milupi tells police

Alliance for Development and Democracy (ADD) says police must show professionalism in the execution of their duties and avoid working under instructions from PF cadres. ADD President Charles Milupi charged that President Michael Sata was not sincere when he called for the country to push for peace and yet he allowed F cadres to intimidate […]

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Agriculture: price stabilisation on the way

The government is to establish a price stabilization fund to cushion farmers when global prices collapse. This was announced by minster of agriculture Emmanuel Chenda in parliament following complaints that cotton farmers were in financial distress as the result of poor prices. Mr Chenda admitted measures had been put in place to establish a fund […]

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Youths desert Mine

MORE than 200 youths, who paid K150, 000 to be employed at Kantobo Mine in Kapiri Mposhi have come back and vowed never to go back to the mine because they were subjected to a lot of hard work, hunger, lack of clean drinking water and had not been paid anything. The 200 youths were […]

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Sata should discipline PF cadres-UPND

UPND youths in Western Province have appealed to President Michael Sata to ensure that PF cadres were disciplined in order to avoid their unruly behaviour that have characterised state funerals and other national gatherings. Meanwhile FODEP executive director MacDonald Chipenzi has also condemned the unruly conduct of party cadres during funerals and any solemn gatherings. […]

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MMD-UPND meet to discuss

UPND president Hakainde Hichilema says the UPND/MMD working group would soon reach consensus on which party will contest the Mufumbwe Constituency by-election as opposed to people suggesting that discussions between the two parties have stalled. Mr. Hichilema said that speculations going on that the two parties had failed to reach consensus on who should contest […]

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