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May- 2023 -26 MayCrime
BoZ to lists investors swindled by Destiny Helpers International
THE Bank of Zambia (BoZ) has announced its completion of the consolidating process for investors who were swindled by Destiny Helpers International (DHI) with a total claim of K17, 877,245.00. This amount is from 4,893 claimants.
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26 MayAfrica
Hichilema calls for enhanced trade among African countries
ZAMBIA should never ever return to a time when the rule of law was largely ignored with the vices such as violence and corruption reign to hurt citizens and stifle economic progression, President Hakainde Hichilema has said. Addressing the nation on the eve of the Africa Freedom Day, President Hichilema said as Zambia continued on her path of fighting for economic freedom, it was important that political freedom that the country’s fore-fathers fought for was defended.
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26 MayEconomy
Zambia seeks to switch to electric cars, ban smoking vehicles
GOVERNMENT has engaged South African manufacturers of vehicles in its quest to ban engines that smoke with the aim of switching to electric cars. Finance and National Planning Minister Situmbeko Musokotwane has announced that some of the companies which have been engaged include Volkswagen, BMW and Toyota to begin manufacturing electric cars for Zambia. Dr Musokotwane said this yesterday when on the panel discussion on “Harnessing natural capital to finance climate and green growth in Africa,” at the ongoing African Development Bank annual meetings in Egypt.
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23 MayHeadline News
Zambians look up to HH to solve their problems – Bob Sichinga
ZAMBIANS are looking up to President Hakainde Hichilema to solve and address the myriad of their problems and it will not do for the head of State to go back to 1972 in trying to explain the economic challenges the country had been going through, Bob Sichinga has said. Mr Sichinga, the former Commerce and Trade Minister during the Michael Sata administration said there was nothing Zambians were going to do about what happened in 1972 because all they were expecting was President Hichilema to address the current economic problems.
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8 MayHeadline News
ZRA recovers K3.5m from illicit transactions
The Zambia Revenue Authority (ZRA) has recovered over K3.5 million from seven companies found wanting by the Financial Intelligence Centre (FIC) for being involved Illicit Financial Flows (IFFs).
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6 MayBusiness
FRAUD ON THE RISE IN ZAMBIA
A recent report has shown that over 42 percent of Zambians were being targeted by different types of fraud from September to December 2022.
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6 MayBusiness
INVEST AFRICA TO HOST HH IN LONDON
INVEST Africa is set host a Zambia Investor Forum with President Hakainde Hichilema on May 10, 2023 in London to highlight the country’s priorities and areas of opportunity for investment.
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5 MayHeadline News
ZNS impounds trucks loaded with maize, forces owners to sell to APG Milling
THE Zambia National Service (ZNS) has been accused of impounding trucks laden with maize and are allegedly forcing the grain traders to sell their commodity to preferred milling companies in Lusaka. About eight trucks laden with maize have so far been impounded and the grain traders are being forced to specifically sell their maize to APG milling which is offering a price much lower than the standard rate.
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3 MayEconomy
Zambia’s external debt swells to US$13.96 BN
ZAMBIA’s external debt has ballooned to a staggering US$13.96 billion while government has managed to collect about K26.3 billion in the first quarter of 2023 as total revenues and grants, Finance and National Planning Minister Situmbeko Musokotwane has disclosed. He said the central government external debt had jumped to US$13.96 billion from US$13.36 billion in 2022 and attributed the swell in the country’s external debt to disbursements from multilateral creditors. Dr Musokotwane was speaking at the 2023 first quarter budget performance in Lusaka yesterday. “During our January engagement, I presented the debt position as at endseptember 2022, with the central…
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3 MayBusiness
Musokotwane warns private sector against frustrating investments
GOVERNMENT has warned that it will not tolerate the private sector frustrating its efforts to attract investments and will double its energies to combat red-tape in all sectors of the economy in its effort to attract investment and create employment. The warning has been sounded by the Finance and National Planning Minister, Situmbeko Musokotwane, who has cautioned that government would not tolerate any private sector scuttling efforts in attracting investments in all sectors of the economy. Dr Musokotwane warned that government would therefore double its efforts in combating red-tape in all sectors of the economy which was discouraging investment.
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