Michael Kaumba-The World Bank has approved 155 million US dollars towards the Social Cash transfer to help cushion shocks from rising cost of fuel, food and fertiliser. Visiting World Bank Vice President for Eastern and Central Africa VICTORIA KWAKWA says the board has further approved a 27 Million dollars credit facility to Zambia. And, Dr
(ZANIS) Four Chinese nationals and one Zambian have been apprehended for allegedly defying a mining suspension order in Mkushi, Central province. The suspects are reported to have continued mining Manganese in the district, disrespecting the order for suspension. Mkushi District Commissioner, JONATHAN KAPUNGWE confirmed the development when Central Province Deputy Permanent Secretary, GODFREY CHITAMBALA called
Government says it owes over one thousand contractors money for various projects that were contracted by the previous regime. Infrastructure, Housing and Urban Development Minister, CHARLES MILUPI disclosed that the contracts are currently being reviewed and that when the process is complete the issue will be brought back to the National Assembly. Mr MILUPI has
(BBC) Ghana’s inflation hit 29.8% in June, the highest since December 2003. The country’s statistics office says surging food and commodity prices are responsible for the spike. The government has now turned to the International Monetary Fund (IMF) for a bailout plan expected to be worth $1.5bn (£1.3bn). If granted, this will be the 17th
The Kitwe City Council has embarked on an exercise to grade businesses that are involved in the selling of Food. Council Director of Public Health RODNEY BANDA says the grades obtained by a particular business will be displayed at the premises for the public to see. Mr. BANDA told ZNBC News that the idea is
Finance Minister SITUMBEKO MUSOKOTWANE says government is expected to hold the second meeting with international creditors. Dr. MUSOKOTWANE, who could NOT state the exact date of the meeting, says the engagement is expected to agree on how the national debt will be restructured. He told Journalists in LUSAKA that immediately the debt is restructured the
By Masauso Mkwayaya- Vice President MUTALE NALUMANGO has urged financial institutions to design packages that will allow Zambians access affordable mortgages. Mrs. NALUMANGO says Zambian firms should also take advantage of the environment that Government has created and help deal with the housing deficit which stands at over 1.5 million units. And Mrs. NALUMANGO has
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