Author: Charles Sakala

MINISTRY OF MINES URGED TO START DEACTIVATION OF DORMANT MINING LICENSES THAT HAVE BEEN INACTIVE FOR 3 YEARS

Green Party leader Peter Sinkamba is urging the Ministry of Mines and Minerals Development to start deactivating dormant mining licenses that have been inactive for three years, as required under the Mines and Minerals Act. According to government, just 2,900 out of the 6,953 mineral exploration licenses awarded in the country as of august 2022

INCREASE OF SUSPICIOUS FINANCIAL TRANSACTIONS CALLS FOR POLITICAL WILL AND A HOLISTIC APPROACH IN FIGHTING CORRUPTION

The Southern Africa Network against Corruption says the increase of suspicious financial transactions for the financial year ending 2022 as indicated in the Financial Intelligence Centre -FIC- report calls for political will and a holistic approach in fighting corruption. The FIC annual report for 2022 analyzed 155 suspicious transactions worth K6. 1 billion, out of

OVER 200 FORMER MAAMBA COLLIERIES EMPLOYEES COMPLAIN OVER UNPAID TERMINAL BENEFITS 25 YEARS AFTER THEIR RETRENCHMENT

About 266 former Maamba Collieries employees who have not received their terminal benefits after they were retrenched almost 25 years ago are appealing to President Hakainde Hichilema to come to their aid and help them to get their benefits. Some of the affected workers talked to by Phoenix News have explained that since their retrenchment

COMMENCEMENT OF FORMAL TALKS TO RESTRUCTURE ZAMBIA`S OVER $3 BILLION INTERNATIONAL BONDS A POSITIVE ECONOMIC INDICATION

Economist Noah Kabwita says the move by bondholders to commence formal talks to restructure over $3 billion of Zambia’s international bonds reflects the confidence they have in the performance of the local economy. Zambia’s overseas bondholders have entered into a non-disclosure agreement with the Zambian government as of Wednesday this week to mark the start

INJECTION OF LIQUIDITY INTO LOCAL ECONOMY POSITIVELY IMPACTING BUSINESSES ON THE COPPERBELT

The Kitwe and District Chamber of Commerce and Industry, says it is elating to see the kwacha generally being stable against the US dollar despite the injection of over K7 billion into the economy through the 20 percent partial withdrawal so far, indicating that Zambia’s economy is improving. Chamber President Emmanuel Mbambiko says the injection

PF CONDEMNS UPND FOR ALLEGEDLY SHIELDING ITS CADRES WHO ARE HARASSING CITIZENS

The opposition Patriotic Front has condemned the ruling UPND for allegedly shielding its cadres who are harassing innocent citizens in markets, bus stations and selected residential areas of Lusaka. Reacting to a statement by UPND Lusaka Province Chairman Obvious Mwaliteta who has accused PF carders of masquerading as UPND cadres and harassing people in some
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