China warns citizens abroad
THE Chinese government has spoken tough against its citizens who violate laws abroad, saying their behaviour damages more than it builds the reputation of the world’s second largest economy ahead of the crucial 18th People’s National Congress that commences today. The clarion call comes from Lu Shaye, the influential director-general for African Affairs, who spoke [...]
THE World Bank has indicated to Zambia that effective next year, it will not offer any budget support to the country following its graduation from lower income nation to a lower middle income status, says the Deputy Minister of Finance Miles Sampa. Mr Sampa said the government has since engaged the World Bank for financial [...]
Continue reading …GOVERNMENT has finalised the forensic audit on the operations of the Citizens Economic Empowerment Commission (CEEC) and awaits a report from the Auditor General’s Office, Commerce, Trade and Industry Minister Stephen Mwansa has disclosed. Mr Mwansa said the Auditor General’s Office is expected to release a report on the forensic audit which will enable Government [...]
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THE National Restoration Party (NAREP) has said the 2013 national Budget announced last week is a well-meaning document which can help address challenges in Zambia if well-implemented. NAREP president Elias Chipimo said in an interview in Lusaka yesterday that the Patriotic Front (PF) Government should ensure that the projects highlighted in the Budget were implemented [...]
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THE process of printing and minting the rebased Zambian currency has commenced in readiness for its introduction as legal tender on January 1, 2013. Bank of Zambia (BoZ) governor Michael Gondwe said the Kwacha would be rebased by cutting off three zeros from the current notes while coins would be re- introduced in circulation. Dr [...]
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A total of K5.6 trillion has been allocated to the education sector in the 2013 National Budget that was presented. Mr Chikwanda proposed that K5.6 trillion be allocated towards the education sector for the purpose of providing quality education and skills training to children and the youth. Mr. Chikwanda said that this represents a 15.8 [...]
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THE Food Reserve Agency (FRA) says it has secured K1.5 trillion from commercials banks towards the payment of farmers across the country and has pledged to complete the payment exercise by the end of October, 2012. FRA chairperson Guy Robinson says the agency has made arrangements with some local financial institutions to provide funds in [...]
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INTER-CONTINENTAL Hotels and Resorts which locally trades as Hotel Inter-Continental has scooped the prestigious World Travel Award 2012 for Europe’s leading hotel brand for the second year running. The award, which is voted for by the general public and travel professionals worldwide, is in recognition of the hotel’s commitment to excellence. Other hotel brands in [...]
Continue reading …AN official of the Finnish Government has urged Zambia to tighten the border systems in Zambia to derive sufficient revenue from its imports and exports. Finland counsellor for private sector development, Ville Luukkanen said there was need for Zambia to manage, control and tighten its porous borders to ensure that the country records enough revenue [...]
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ZESCO will raise K25 trillion through a mixture of different types of financing to support its hydropower generation projects in the country. And the company is expected to advertise tenders for transaction advisers who will help it package financial documentations for raising the K25 trillion and organising investors’ conference. Zesco director of finance, Rodgers Chisambi [...]
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