Daily Archives: Nov 1, 2011

Copperbelt district commissioners suspended

By Zumani Katasefa Copperbelt permanent secretary Christopher Mutembo has suspended all the ten district commissioners in the province because they were allegedly corruptly appointed. Mr Mutembo announced the suspensions in Ndola yesterday. But move has attracted sharp criticisms of PF … read more »

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Brazil to overtake UK economy

Brazil will overtake the UK to become the world’s sixth biggest economy this year, according to new projections. The Latin American giant’s GDP for 2011 is expected to hit $2.44 trillion (£1.51 trillion) compared with $2.43 trillion for the UK, … read more »

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Afrika Eye film festival 2011 success

Press release Afrika Eye film festival which took place at Bristol’s Watershed over the weekend (28th-30th October), showing films from Africa and the African Diaspora was a resounding success with most of the films on the first two days selling … read more »

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Bank of Zambia slashes reserve ratios to stimulate low interest rates

(Reuters) – Zambia’s central bank slashed its reserve ratios on Tuesday to cut the cost of borrowing for commercial banks and consumers in a bid to stimulate economic growth in Africa’s biggest copper producer. The Bank of Zambia said the … read more »

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Rihanna Admitted To Hospital, Forced To Cancel Show!

Rihanna was forced to cancel her show in Sweden yesterday after she was rushed to hospital with flu. The singer was due to perform a gig in Malmo but decided to seek medical treatment when she came down with the … read more »

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Zambian Government pessimistic on dual citizenship

Government has expressed pessimism at allowing Zambians living in the Diaspora to hold duo citizenship. Vice President Guy Scott says although the issue of having duo citizenship among Zambians could be important and helpful to some, government was worried that … read more »

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EU gives Zambia K220billion budgetary support

The European Union -EU has given Zambia 220 billion kwacha for the 2011 general budget support. EU Head of Delegation Gilles Hervio says the fund will contribute directly to Zambia’s objective of attaining the Millennium Development Goals in health and … read more »

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Sata says no confidentiality at Cabinet office

President Michael Sata has castigated cabinet office for leaking state information and breaching security. Mr Sata says he is disappointed that there is no confidentiality at Cabinet office and security information is been leaked to the media. President Sata was … read more »

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Guy Scott Encourages Australian Investors to consider investing in Zambia

VICE-PRESIDENT Guy Scott has encouraged Australian business houses to consider investing in Zambia’s various sectors of the economy and help Government create more employment opportunities for Zambians. Dr Scott said foreign investors are welcome to Zambia but quickly warned them … read more »

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