ECONOMISTS BACK STATUTORY RESERVE RATIO INCREASE

The Economics Association of Zambia -EAZ- says the increase in the Statutory Reserve Ratio by the Bank of Zambia is necessary considering the continued deprecation of the Kwacha. The central Bank on Wednesday increased the Statutory Reserve Ratio from 9-percent to 11.5-percent meant to address the volatility in the exchange rate. EAZ Interim National Secretary

EIZ PARTNERS WITH ZNBC

BY HANNOCK KASAMA The Engineering Institution of Zambia -EIZ- intends to release its second Report Card on the state of infrastructure in the country. EIZ President ABEL NG’ANDU says reports on the state of infrastructure in the country are crucial to benchmark infrastructure development. He said this in LUSAKA today during the signing of a

U20 CHIPOLOPOLO PLAY NIGERIA IN FRIENDLY

BY CHANSA KUNDA The Zambia Under-20 Men’s National Team will this evening take on Nigeria in an international friendly game. The Junior Chipolopolo will take on the flying eagles of Nigeria at 17:00 hours in the first of two friendly games ahead of the 2023 Egypt AFCON tournament. The encounter will be played at the

NKWAZI NOT FLYING SO HIGH

BY CHANSA KUNDA Nkwazi football club seeks to turn fortunes around after an embattled season that has seen the police outfits win three of their 21 games played so far. With Super league entering a week of 22 fixtures this weekend, the Lusaka outfit which is in the relegation zone has a tricky fixture against

POLICE RECOVER STOLEN 392 TONNES OF COBALT

Police in Lusaka have recovered about 392 tonnes of Cobalt ore and Cobalt concentrate suspected to have been stolen. Deputy Police Public Relations Officer DANNY MWALE says police on the Copperbelt received reports of a stolen truck loaded with 35 kilograms of cobalt ore. He says investigations led police to the recovery of 392 tonnes

GOVT LAUNCHES ANTI-MONEY LAUNDERING,TERRORIST FINANCING POLICY

Government says it is committed to fighting financial crimes as demonstrated through the various policies and reforms such as the establishment of the financial crimes court. Finance Minister, SITUMBEKO MUSOKOTWANE adds that government is committed to ensure strict compliance to international standards on combating money laundering and the financing of terrorism in conformity with the
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