Business

*GOVERNMENT ALLOCATES 3.7 BILLION KWACHA TO SOCIAL CASH TRANSFER PROGRAMMES IN 2023* Government has increased expenditure to the Social Cash Transfer Programme (SCT),by 19.8% in the 2023 National Budget. This means that K3.7 Billion will be spent on the programme next year, to improve the welfare of the vulnerable across …

APOSTOLE SINKAMBA DENIES DEFRAUDING SARAFINA NTENGA Apostle Sukali Sinkamba, has denied defrauding Sarafina Ntenga, after she accused him of not honoring his contractual obligations after signing a transportation contract. Sarafina was suppose to get a commission after sourcing for trucks, which she says she never recieved from apostle Sinkamba because …

MONGU CASHEW NUT FARMERS CRY FOR HELP Cashew nut farmers in Mongu, Western Province, have requested for help in order to overcome various challenges affecting the cashew nut sector. Those talked to, have lamented that the sector despite being viable, has continued to face many challenges, which has hampered production. …

By Seniya Banda Government says although the reinstatement of Value Added Tax (Vat) on fuel and increase in the electricity tariffs being one of the harsh conditions that comes with the IMF package, it will ensure that the two conditions do not have a negative impact on the citizens in …

A MAN who realigned his vocal chords to sound like Chief Justice Dr Mumba Malila, before calling two permanent secretaries asking for a financial bailout, has been arrested by police in Lusaka. Emmanuel Sichinga, aged 42, after leaving prison for personation has provided living proof of the old adage, “old …

Rosatom engineering division (Atomstroyexport JSC) and Korea Hydro and Nuclear Power Co. Ltd. (KHNP) have concluded a contract for the construction of turbine islands under the El-Dabaa NPP project in Egypt. According to the agreement, the Korean company will construct some 80 buildings and structures at four units of the …

Zambia has won International Monetary Fund board approval for a $1.3 billion support package, a important step toward the nation restructuring its debt and a boost for the global effort to help indebted developing nations. The IMF said in a statement that the 38-month extended credit facility is based on …

..but DSTV, Shoprite, Pick N Pay, PEP etc are not aware By Miles B. Sampa, MP (31.08.2022) In past years when the Kwacha has operated freely and only influenced by market forces, it has consistently been weaker than the South African Rand. Today the Kwacha hit a 50 years high …

WE ARE NOT INVESTIGATING MR. NDAMBO – CHIRWA…none of the vehicles being investigated are linked to Mr. Ndambo, DEC By MacDonald MayabaThe Drug Enforcement Commission has dismissed reports that it is investigating Zambian, but South African multinational businessman, James Ndambo for any crime. DEC Director General, Mary Chirwa says NONE …

Ndambo’s property seized Law enforcement agencies on Friday reportedly pounced on millionaire businessman James Ndambo’s premises in Choma and Lusaka where they allegedly seized seven motor vehicles. Among the vehicles confiscated were the Mercedes Benz and BMW that were won by the two finalists of the much-publicised Miss My Home …