Dundumwezi: You’re welcome Mr President

CHOMBA MUSIKA, Lusaka THE Southern Royal Foundation of Chiefs says the people of Dundumwezi in Kalomo are eagerly looking forward to President Lungu’s maiden visit to the area this week. The President is expected in Southern Province tomorrow to flag off the construction of the Dundumwezi-Kalomo road. Foundation chairperson Chief Chikanta said President Lungu’s visit

‘Bulky paperwork hindering intra-Africa trade’

KALONDE NYATI, Lusaka BULKY documentation when trading has continued to fuel illicit transactions, which if not addressed will undermine the continent’s objective of collecting sufficient revenue, the Consumer Goods Council of South Africa has said. The council’s chief executive officer, Gwarera Mangozhe, said impediments to intra-Africa trade are largely underpinned by non-tariff barriers to trade,

Esther Lungu honoured

THE Starkey Hearing Foundation of the United States of America has nominated First Lady Esther Lungu to receive an award at the “17th Annual So the World May Hear Award” for her enormous contribution to underprivileged people in Zambia. Starkey Hearing Foundation president Richard Brown said Mrs Lungu has been chosen as the 2017 Humanitarian

Kwacha weakens against dollar

CYNTHIA MWALE, Lusaka THE local money market last Thursday saw the liquidity levels increasing to K565 million due to offshore investors offloading United States dollars to raise Kwacha for settlement of bonds and treasury bills. On June 30 and July 6, 2017, the bonds and treasury bills were auctioned respectively, which boosted the liquidity levels

NAPSA targets local economy

NKOLE MULAMBIA, Ndola NATIONAL Pension Scheme Authority (NAPSA) says the fund has grown to K18 billion as at May 2017 and most of it invested in the local economy. The authority has also revised its investment guidelines to place more funds in small- and medium-scale enterprises (SMEs), energy, capital markets and road infrastructure. NAPSA director
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