By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily NationDaily NationDaily Nation
  • Home
  • News
    News
    Stay informed with the latest breaking news, in-depth analysis, and exclusive reports from around the world. From politics and global affairs to science, technology, and…
    Show More
    Top News
    ZRA gives tips on VAT refund
    September 10, 2021
    ‘Celebrating press freedom while passing restrictive laws hypocritical’
    May 4, 2025
    Generate more revenue, councils urged
    November 28, 2020
    Latest News
    Explain Tayali’s return, Changala demands
    July 20, 2026
    ConCourt petitioned to clarify candidate withdrawals
    July 16, 2026
    Mundubile not arrested, says DEC, trashes social media claims
    July 16, 2026
    ZCCM-IH hires global advisers for listing drive
    July 15, 2026
  • Business
    Business
    Your go-to source for the latest in business, finance, and the economy. Stay ahead with market trends, corporate insights, and expert analysis on entrepreneurship, investments,…
    Show More
    Top News
    China stock swoon could boost US real estate
    March 6, 2025
    Why homeowners are leaving billions on the table
    March 6, 2025
    Lock in now! Stock sell-off sinks mortgage rates
    March 6, 2025
    Latest News
    Sugilite wasn’t stolen – NPA
    July 24, 2026
    CEC Powering Zambia’s Renewable Energy Future and the Journey to 10,000 Megawatts
    July 20, 2026
    Outsourcing can help fulfil job creation promises, says entrepreneur
    July 20, 2026
    BoZ explains delays in Investrust payouts
    July 16, 2026
  • Court News
    Court NewsShow More
    ConCourt petitioned to clarify candidate withdrawals
    July 16, 2026
    Kabesha seeks court clarity on independent candidates
    July 2, 2026
    Court extends Mwamba’s bench warrant
    June 24, 2026
    Over 1000 expatriate teachers sue Gov’t, demand US$1.3bn, K7.5bn
    June 19, 2026
    15 arraigned in court over Chawama fracas
    June 19, 2026
  • Sports
    SportsShow More
    creation.Copper Queens wind up Algeria camp with friendly
    July 22, 2026
    Bernadette Deka Zulu lands top global position
    July 3, 2026
    Immig FC caps dream debut season with trophy presentation to immigration chief
    July 2, 2026
    July 2, 2026
    July 2, 2026
    Foloko underscores Zambia’s active role in efforts to safeguard fair play, transparency in sport
    July 2, 2026
  • Contact
Search
NEWS
  • News
  • Local News
  • Politics
  • Health
  • Court News
  • Tie Business
  • Biz & Corporate
  • Contact Us
  • Privacy Policy
© 2026 Daily Nation Zambia. All Rights Reserved.
Reading: State losing K50,000 daily from closed market
Share
Sign In
0

No products in the cart.

Notification
Font ResizerAa
Daily NationDaily Nation
0
Font ResizerAa
  • Home
  • News
  • Business
  • Court News
  • Sports
  • Contact
Search
  • News
  • Local News
  • Politics
  • Health
  • Court News
  • Tie Business
  • Biz & Corporate
Sign In Sign In
Follow US
© 2026 Daily Nation Zambia. All Rights Reserved. Developed by GOPES.
📖 Read ePaper
Daily Nation > Blog > State losing K50,000 daily from closed market

State losing K50,000 daily from closed market

Daily Nation
Last updated: March 7, 2021 12:57 pm
Daily Nation
Share
3 Min Read
SHARE

Thu, 13 Jul 2017 11:04:50 +0000

By MUKOSELA KASALWE

 

GOVERNMENT is losing K 50,000 per day in revenue collection following the closure of  Lusaka City Market and it will take at least 12 months for the market to be operational again, says Minister of Local Government Vincent Mwale.

Mr. Mwale said Government was determined to build a new mordern market at the Lusaka city market which would accommodate five times the number of marketeers with a bigger bus station and better facilities.

In a ministerial statement  to Parliament,  the minister said  the plan of action for rebuilding better markets was underway and that preliminary indicators had shown that U$20 million would be required for city market.

Mr. Mwale who is Patriotic Front Chipangali Member of Parliament said the required timeframe for rebuilding city market would be at least 12 months. The minister said it was sad that the country had experienced a series of fires in various places mainly to suspected acts of arson and sabotage on national installations such as ZESCO power lines and substations.

Mr. Mwale said the over 10 cases of arson and sabotage the country has recorded since last  August, were not accidental but calculated and planned events meant to destroy the valuable properties and affect many ordinary Zambians.

- Advertisement -
Ad imageAd image

He said the market would remain closed to the general public until investigations were concluded and that the Lusaka City Council alone would lose K50,000 per day on revenue collection until the market was operational.

” Lusaka City Council alone will be losing K 50,000 per day on revenue collection for the period the market will be out of operation.

“Preliminary indicators show that we may require up to U$20 million dollars for this project. The considered timeframe for rebuilding this market is at least 12 months,” he said. Mr Mwale said the Committee of Ministers headed by Vice President Inonge Wina, which President Edgar Lungu appointed to look into the issue of the markets gutted by fires around the country, had made progress on their mandate and that the nation would be informed periodically.

He said Government through his ministry had acquired 42 firefighting engines valued at U$42  milion dollars for all major districts to safeguard people’s economic activities against fires.

The parliamentarian said security camera system would be installed in all the markets to curb unscrupulous dealings by individuals with bad intentions. Mr Mwale said Mrs Wina with her team of Committee of Ministers would  tomorrow hold a breakfast launch at Government Complex aimed at raising funds for the victims of the gutted city market.

He has urged business houses and well-wishers to attend the event and render their generous support to the good cause.

You Might Also Like

BODYBUILDER PULLS OUT OF 2024 ZED NATIONALS

PF sees redover State harassment

FAZ seek wining momentum 

Former undisputed middleweight world champion Hagler dies

Let CDF be under MPs, proposes Howard Kunda

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Copy Link Print
Previous Article Felix Mutati snubbed
Next Article Letters to the editor
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
56.4kFollowersFollow
4.4kFollowersFollow
- Advertisement -
Ad imageAd image

Latest News

NRPUP Questions ECZ Over Ballot Paper Handling Procedures
Politics Premium
July 25, 2026
ECZ TO PROMOTE INCLUSIVE ELECTORAL PARTICIPATION  
Premium
July 25, 2026
Sugilite wasn’t stolen – NPA
Business Premium
July 24, 2026
Shamenda denies predicting Mundubile’s defeat
Local News Premium
July 24, 2026
//

We influence over 2 million readers and are the most preferred news platform in Zambia.

Quick Links

  • Politics
  • Court News
  • Health
  • Millennium TV

Top Categories

  • News
  • Local News
  • Politics
  • Health
  • Court News
  • Tie Business
  • Biz & Corporate

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Daily NationDaily Nation
Follow US
© 2026 Daily Nation Zambia. All Rights Reserved. Developed by GOPES.
  • Contact Us
  • Privacy Policy
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?