Daily Archives: Oct 3, 2011

China pledges increased investment under Zambia’s new government

MALPRACTICES by a small number of businesses should not be used to deny that Chinese investors have contributed positively to Zambia’s development, says Chinese ambassador to Zambia, Zhou Yuxiao. And Ambassador Zhou has since pledged increased Chinese investment in the … read more »

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HH confirms holding consultations with other political parties

Opposition United Party for National Development (UPND) president Hakainde Hichilema has confirmed that his party was holding consultations with other political parties on the candidate his party will support for election as Speaker of the National Assembly. Mr. Hichilema told … read more »

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Kwacha plunged as Sata reverse purchase of Finance Bank

(Bloomberg) — Zambian President Michael Sata reversed FirstRand Ltd.’s purchase of Finance Bank Zambia Ltd. and fired the board of the central bank and three agencies. The kwacha plunged the most against the dollar of all currencies tracked by Bloomberg. … read more »

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Revise visa fees – O’Donnell

The Tourism Council of Zambia has called for the revision of Visa fees as government prepares next year’s National Budget. Council Chairperson Mark O’Donnel says the revision of Visa will enable the country have a fair share of tourists visiting … read more »

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Sata fires all District Commissioners, ZESCO MD…

President Michael Sata has fired all the Seventy three District Commissioners and appointed civil servants to take over the positions. The President has since directed all the dismissed district commissioners to vacate office and government homes with immediate effect. President … read more »

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By Zumani Katasefa BEATIFUL GATES- Zambia executive director Bill Kapinga  has urged Zambians to advocate for a new constitution. He said that Zambians should not go slump now that the elections are over. “We should take politicians accountable and ensure … read more »

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Coast of borrowing in Zambia too high – Chikwanda

Finance Minister Alexander Chikwanda says the cost of borrowing money in Zambia is too high and inconsistent with the low level of inflation in the country. Mr Chikwanda says the current scenario is against the spirit of empowerment. The Minister … read more »

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Sata surprises Church goers

By Times Reporter PRESIDENT Michael Sata yesterday surprised parishioners at Saint Ignatius Parish in Lusaka when he arrived with about four bodyguards and only two motor vehicles following his official car. Mr Sata took a seat in the midst of … read more »

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