ZNBC, TopStar deal can’t be justified – Chishimba

ZNBC, TopStar deal can’t be justified - Chishimba By Prosper Miyoba UNITED Progressive People party leader Saviour Chishimba says the government’s decision to give 60 per cent of ZNBC shares to a Chinese company is one of the effects of having a chancer as President. ZNBC has gone into a joint venture with

PF has auctioned ZNBC to China – Nalumango

PF has auctioned ZNBC to China - Nalumango By Prosper Miyoba MUTALE Nalumango has described as outrageous the government’s move to auction ZNBC to a Chinese company. ZNBC has gone into a joint venture with a Chinese digital television provider, Top Star Communications, to roll out top set boxes for watching digital television

Government can’t control mealie meal prices – Haabazoka

Government can’t control mealie meal prices – Haabazoka By Malawo Malawo DR LUBINDA Habazoka says the best way government can reduce mealie meal prices across the country is to ensure that there is a stable macro-economic environment. And Dr Habazoka says solar-powered hammer mills on their own cannot help to lower mealie meal

Jailed businessman gets additional sentence for bouncing a cheque

Jailed businessman gets additional sentence for bouncing a cheque By Kaungu Ndumba A LUSAKA businessman currently serving a six-month jail term has been slapped with an additional nine months for issuing a cheque to Mumana Pleasure Resort on an insufficiently funded account. Magistrate Jennipher Bwalya convicted and sentenced Elias Ngulube, 34 to nine

Kwacha starts 2017 trades on weak note

Kwacha starts 2017 trades on weak note By Mike Riley THE kwacha has started 2017 trading in a weak position against major currencies, continuing its depreciating trend from the end of 2016. According to market data, the local currency closed trading last week averaging K9.80 and K10.00 for bid and offer against the

London court orders KCM to pay ZCCM-IH $103m

London court orders KCM to pay ZCCM-IH $103m. By Michael Kasonde and Namatama Mundia THE London High Court has ordered Konkola Copper Mines to pay a US $103 million debt it owes state-owned Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH). In June, ZCCM-IH filed a claim before the London High Court of Justice

Rice Plant To Create Jobs

Rice Plant To Create Jobs MUSIKA Development Initiative managing director Reuben Banda says the commissioning of the US$ 100,000- rice processing facility in Serenje is a practical demonstration of a comprehensive rural industrialisation and diversification initiative that has potential to create jobs and longterm value chains. The equipment, funded by Musika and

Siliya praises Zambeef’s $65m capital raising

Siliya praises Zambeef’s $65m capital raising. AGRICULTURE minister Dora Siliya has praised Zambeef Products on successfully raising of US$65 million of capital investment from CDC Group. This investment has enabled Zambeef to regain full Zambian ownership of its Zamhatch hatchery and Zam Chick broiler divisions after a US$23 million cash buy-back of

Livingstone To Get Afro-Equipment Plant

Livingstone To Get Afro-Equipment Plant. Government wants to mechanise agriculture sector NANCY MWAPE Livingstone G OVERNMENT plans to set up an assembly plant for agricultural equipment in Livingstone to mechanise Zambia’s agriculture sector. Minister of Justice Given Lubinda said Government has set aside funds for industrialisation and mechanisation of the agriculture sector