Monthly Archives: February 2013

Zambia could get 10% of miner

LUSAKA— FIRST Quantum Minerals may see Zambia’s state-owned mining firm become its second-biggest shareholder if it converts a stake in the continent’s largest copper operation into equity. ZCCM Investment Holdings would “hopefully” decide this year, said CEO Mukela Muyunda. ZCCM … read more »

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Manufacturing key to Zambia’s long-term growth – Chenda

Commerce, Trade and Industry minister Emmanuel Chenda says the expansion and diversification of the manufacturing sector is vital Zambia’s long-term growth and competitiveness. Mr.Chenda says the manufacturing industry is central to increasing employment opportunities and reducing the current dependence on … read more »

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Fitch Assigns B+ Rating to Zambia

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Parliament News – Zambia

Government is putting stringent measures to strengthen the kwacha and maintain Zambia as a credible investment destination, Finance Minister Alexander Chikwanda told Parliament yesterday. Mr Chikwanda said a continually weakening kwacha induced inflationary spirals which impinged negatively on the country’s … read more »

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Mazhandu Family Bus burnt to ashes along Livingstone-Zimba road

A passenger bus belonging to Mazhandu Family Bus Services, registration number ABX 8677, has been burnt to ashes along Livingstone-Zimba road. ZANIS reports that Southern Province Commissioner of Police, Charity Katanga confirmed the incident an interview in Livingstone , yesterday … read more »

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Zambia Mines GDP contribution to hit $1bn in 2015

ZAMBIA’s mining contribution to the Gross Domestic Product (GDP) is projected to grow to US$1.35 billion by the year 2015, due to increased mining activities. According to the Zambia Extractive Industry Transparency Initiative (EITI), reconciliation report, contribution to GDP was … read more »

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Cancellation of the mining license for Collum Coal Mine in national interest

Government says the cancellation of the mining license for Collum Coal Mine Limited should not be mistaken for nationalization. In a statement made available to ZANIS today, Chief Government Spokesperson Kennedy Sakeni said the action by government is merely a … read more »

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DRC journalist jailed after story on Chinese-run hospital

New York, February 15, 2013–Authorities in the Democratic Republic of Congo should release pending appeal a journalist who was sentenced to six months in prison in December on defamation charges, the Committee to Protect Journalists said today. The journalist was … read more »

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Business brief

By Uncle Mike COPPER PRODUCTION DOWN OR IS IT DEMAND?… It was first reported last week by the ministry of commerce that copper export proceeds for 2012 dropped and this was attributed to lack of demand for the product. A … read more »

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