PATRIOTIC FRONT KABWATA MEMBER OF PARLIAMENT GIVEN LUBINDA HAS ASKED THE ROAD DEVELOPMENT AGENCY (RDA) TO TERMINATE THE CONTRACT OF THE CONTRACTOR CARRYING OUT ROAD CONSTRUCTION IN HIS CONSTITUENCY

PATRIOTIC FRONT KABWATA MEMBER OF PARLIAMENT GIVEN LUBINDA HAS ASKED THE ROAD DEVELOPMENT AGENCY (RDA) TO TERMINATE THE CONTRACT OF THE CONTRACTOR CARRYING OUT ROAD CONSTRUCTION IN HIS CONSTITUENCY BY STATING THAT IT IS DOING NOTHING.

SPEAKING AN INTERVIEW WITH RADIO PHOENIX MR. LUBINDA WHO HAS BEEN ANGERED BY THE CONTRACTOR FOR NOT COMPLETING THE ROAD WORKS IN HIS CONSTITUENCY HAS STATED REITERATED THAT THE RDA SHOULD FIND ANOTHER CONTRACT TO DO THE ROAD WORKS.

MR. LUBINDA POINTED OUT THAT THE ROAD WORKS HAVE NOT BEEN COMPLETED SINCE 2008 AND ONLY 4KILLOMETERS OF THE TOTAL NUMBER OF KILOMETERS HAS BEEN DONE.

HE SAYS THE PEOPLE OF KABWATA NEED A GOOD ROAD NETWORK WHICH THEY HAVE BEEN LONGING FOR A LONG TIME AND THEY SHOULD NOT BE HINDERED TO HAVE IT WHEN THEY ARE SUPPOSE TO HAVE IT THIS TIME.

MR. LUBINDA SAYS RDA MUST RELOOK AT THE CONTRACT BECAUSE IT IS SHAMEFUL THAT UP TO NOW THE ROADS ARE NOT COMPLETED, WHEN IN FACT NEW ONE SHOULD HAVE BEEN THE ONES TO BE CONSTRUCTED PRESENTLY.

published augustine

FORMER FIRST LADY DR. MAUREEN MWANAWASA HAS IMPLORED EMPLOYERS TO REFLECT AND IMPROVE ON THEIR SAFETY MEASURES AND OTHER CONDITIONS OF SERVICE

FORMER FIRST LADY DR. MAUREEN MWANAWASA HAS IMPLORED EMPLOYERS TO REFLECT AND IMPROVE ON THEIR SAFETY MEASURES AND OTHER CONDITIONS OF SERVICE IN THEIR ORGANIZATIONS AS PART OF THEIR LABOUR DAY RESOLUTIONS.

SPEAKING IN AN INTERVIEW WITH RADIO PHOENIX DR. MWANAWASA SAYS EVEN THOUGH GOVERNMENT HAS PUT A LIMIT AS TO HOW MUCH A WORKERS IS SUPPOSE TO GET PAID DEPENDING ON THEIR QUALIFICATIONS, IT IS CARDINAL THAT COMPANIES MAKING PROFITS PAY BACK TO THEIR WORKERS FOR THE WORK THEY DO

DR. MWANAWASA SAYS IT IS IMPORTANT TO ENSURE THAT WORK PLACES HAVE IN PLACE STRINGENT SAFETY MEASURES AND WORKERS HAVE GOOD CONDITIONS OF SERVICE IF PRODUCTION IS TO BE IMPROVED.

SHE HAS FURTHER NOTED THE COUNTRY HAS NOT EXPERIENCED ANY CIVIL UNREST WHICH HAS LED TO A CLOSURE OF A COMPANY FOR THE LAST THREE YEARS BECAUSE OF DIALOGUE AND UNDERSTANDING.

THE FORMER FIRST LADY SAYS WORKERS AND EMPLOYERS SHOULD CONTINUE WITH THE CULTURE OF DIALOGUE WHEN THERE ARE SOME DISPUTES OR CIVIL UNREST SO THAT PRODUCTION IS NOT AFFECTED IN ANY COMPANY IN THE COUNTRY.

AND BANK OF ZAMBIA GOVERNOR DR. CALEB FUNDANGA HAS CALLED ON THE WORKERS IN THE COUNTRY TO CONTINUE AND IMPROVE ON THE WORK CULTURE SO THAT THE COUNTRY CAN CONTINUE TO DEVELOP FURTHER FROM WHERE IT IS TO ANOTHER LEVEL.

DR FUNDANGA HAS NOTED THAT IT IS ONLY THROUGH HARD WORK THAT THE NATION WILL IMPROVE ECONOMICALLY AND NOT ANY OTHER MEANS HENCE IT IS IMPORTANT THAT WORKERS FROM ALL VARIOUS ORGANIZATIONS FOSTER THE SPIRIT OF HARD WORK

Published augustine

FORMER ZAMBIAN DEFENSE MINISTER GEORGE MPOMBO HAS CHARGED THAT PRESIDENT BANDA HAS SHOT HIMSELF IN THE FOOT BY RELIEVING GOVERNMENT CHIEF WHIP VERNON JOHNSON MWAANGA AS HIS CAMPAIGN MANAGER

FORMER ZAMBIAN DEFENSE MINISTER GEORGE MPOMBO HAS CHARGED THAT PRESIDENT BANDA HAS SHOT HIMSELF IN THE FOOT BY RELIEVING GOVERNMENT CHIEF WHIP VERNON JOHNSON MWAANGA AS HIS CAMPAIGN MANAGER FOR THIS YEAR’S GENERAL ELECTIONS.

SPEAKING IN AN INTERVIEW WITH RADIO PHOENIX MR. MPOMBO WHO IS ALSO MMD KAFULAFUTA MEMBER OF PARLIAMENT HAS NOTED THAT PRESIDENT BANDA WILL NEVER FIND THE EXPERIENCE IN MR. MWAANGA FROM ANY PERSON, HENCE HIS FUTURE OF WINNING THIS YEAR’S ELECTION IS BLEAK.

MR. MPOMBO SAYS PRESIDENT BANDA IS DECEIVING HIMSELF BY ASSEMBLING PEOPLE WHO HAVE NO EXPERIENCE THAT HE WILL WIN THIS YEAR’S ELECTION BECAUSE SUCH PEOPLE WILL ONLY BRING HIM DOWN AND FORCE HIM OUT OF STATE HOUSE EITHER WAY OR THE OTHER.

AND MR. MPOMBO HAS GIVEN PRESIDENT BANDA 2MONTHS ULTIMATUM IN WHICH THE DOCUMENTS WHICH WERE SIGNED IN THE PROCUREMENT OF ARMS FROM SOUTH AFRICA WILL BE PUBLIC DOCUMENTS.

THE PARLIAMENTARIAN HAS CHARGED THAT IF PRESIDENT BANDA HAS DOUBTS ABOUT WHAT HE IS TALKING ABOUT, HE SHOULD GO AND RETRIEVE THE DOCUMENTS FROM THE MINISTRY OF DEFENSE AND MINISTRY OF FINANCE AND NATIONAL PLANNING WHERE THEY ARE KEPT.

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FORMER ZAMBIAN FIRST LADY DR. MAUREEN MWANAWASA HAS OBSERVED THAT THE 30PERCENT WOMEN REPRESENTATION AT ALL LEVELS IS UNLIKELY TO BE ACHIEVED DUE TO THE CULTURE OF PULLING EACH OTHER DOWN

FORMER ZAMBIAN FIRST LADY DR. MAUREEN MWANAWASA HAS OBSERVED THAT THE 30PERCENT WOMEN REPRESENTATION AT ALL LEVELS IS UNLIKELY TO BE ACHIEVED DUE TO THE CULTURE OF PULLING EACH OTHER DOWN INSTEAD OF SUPPORTING A FELLOW WOMAN EVEN IN SITUATION WHICH ARE NOT NECESSARILY.

SPEAKING IN AN INTERVIEW WITH RADIO PHOENIX DR. MWANAWASA NOTED THAT THERE ARE WOMEN IN THE COUNTRY WHO CAN DO WHAT A MAN CAN DO AND EVEN BETTER THAN THEIR MALE COUNTER-PART BUT THE LACK OF SUPPORT AS RESULTED THE PROGRESSION LEVELS TO BE STAGNANT.

DR MWANAWASA HAS POINTED OUT THAT WOMEN MUST LEAN TO CELEBRATE EACH OTHER’S SUCCESS AND LEARN TO UPLIFT ONE ANOTHER IN SITUATIONS WHERE HELP IS NEEDED AS THE COUNTRY GOES TO THE POLLS THIS YEAR.

SHE HAS STATED THAT THE 30PERCENT WOMEN REPRESENTATION SHOULD NOT ONLY BE TAGGED WITH PARLIAMENT BUT IT SHOULD BE AT ALL LEVELS OF ECONOMIC DEVELOPMENT BE AT SECONDARY SCHOOLS, WORKPLACES AND OTHER HIGHER INSTITUTION IF THE DECLARATION AS TO BE ACHIEVED

DR MWANAWASA HAS FURTHER CALLED WOMEN ORGANIZATION TO CONTINUE IDENTIFYING WOMEN WHO HAVE THE CAPABILITIES TO REPRESENT THEM ADEQUATELY AND ONE WHO CAN PERFORM LIKE THEIR MALE COUNTER PART EVEN BEYOND IN THIS YEAR’S ELECTION SO THAT THE RATE OF REPRESENTATION IS REDUCED.

SHE SAYS WOMEN ORGANIZATION SHOULD NOT JUST PICK A FELLOW WOMAN BECAUSE THEY WANT TO ACHIEVE THE 30PERCENT REPRESENTATION BUT THEY SHOULD DO SO ON MERIT AND PERFORMANCE OF THE WOMAN

published augustine

OPPOSITION FORUM FOR DEMOCRACY AND DEVELOPMENT LEADERS EDITH NAWAKWI SAYS THERE IS NOTHING SINISTER WITH THE COUNTRY CONDUCTING THE PARALLEL VOTER TABULATION (PVT) IN THE FORTH COMING TRIPARTITE GENERAL ELECTIONS

OPPOSITION FORUM FOR DEMOCRACY AND DEVELOPMENT LEADERS EDITH NAWAKWI SAYS THERE IS NOTHING SINISTER WITH THE COUNTRY CONDUCTING THE PARALLEL VOTER TABULATION (PVT) IN THE FORTH COMING TRIPARTITE GENERAL ELECTIONS.

IN AN INTERVIEW WITH RADIO PHOENIX, MS NAWAKWI SAID THE COUNTRY HAS FROM TIME IMMEMORIAL BEEN CONDUCTING THE PARALLEL VOTER TABULATION AND THIS YEAR’S ELECTIONS WILL NOT BE AN EXCEPTION.

SHE EXPLAINED THAT THIS TIME AND AGE WHERE INFORMATION TECHNOLOGIES ARE AT THE PEAK, IT WILL BE IMPOSSIBLE FOR GOVERNMENT TO CURTAIL THE EXERCISE.

MS NAWAKWI ADDED THAT WITH THIS KIND OF INNOVATION AND TECHNOLOGIES, VARIOUS POLITICAL PLAYERS DON’T EXPECT THE ELECTION RESULTS TO BE DELAYED.

GOVERNMENT HAS HOWEVER WARNED THAT IT WILL NOT TOLERANT ANY INSTITUTION THAT WILL CONDUCT THE PARALLEL VOTER TABULATION STATING THAT THIS IS CRIMINAL.

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THE BIOMEDICAL SOCIETY OF ZAMBIA (BSZ) WRITES TO PRESIDENT RUPIAH BANDA PETITIONING HIM NOT TO CONVERT THE NDOLA SCHOOL OF BIOMEDICAL SCIENCES INTO A MEDICAL SCHOOL.

THE BIOMEDICAL SOCIETY OF ZAMBIA (BSZ) HAS WRITTEN TO PRESIDENT RUPIAH BANDA PETITIONING HIM NOT TO CONVERT THE NDOLA SCHOOL OF BIOMEDICAL SCIENCES INTO A MEDICAL SCHOOL.

AND ACCORDING TO INFORMATION OBTAINED BY RADIO PHOENIX, PRESIDENT BANDA WILL TODAY NOT OPEN THE NDOLA MEDICAL SCHOOL.

VARIOUS STAKEHOLDERS ADVISED GOVERNMENT TO DIALOGUE OVER THE NDOLA SCHOOL OF BIOMEDICAL SCIENCES STATING THAT FAILURE TO DO SO WILL HAVE DIRE IMPLICATIONS ON THE OVERALL HEALTH DELIVERY IN THE COUNTRY.

AND SOME CONCERNED CITIZENS HAVE ASKED GOVERNMENT NOT TO TAMPER WITH THE COLLEGE AND INSTEAD FIND ITS OWN MONEY TO BUILD A MEDICAL SCHOOL STRESSING THAT LABORATORIES ARE IMPORTANT TO HEALTHCARE DELIVERY AND THERE IS NO HEALTH FACILITY THAT COULD FUNCTION WITHOUT A LABORATORY DEPARTMENT.

THE BIOMEDICAL SOCIETY OF ZAMBIA (BSZ) CHAIRPERSON MR. HILLARY LUMANO SAYS THE ASSOCIATION IS HOWEVER STILL AWAITING RESPONSE FROM THE GOVERNMENT.

HE STRESSED THAT THE ROLE OF BIOMEDICAL SCIENTISTS IN THE COUNTRY IS VERY CRITICAL AS THEY HELP IN RESEARCH WORK WHICH IN TURN HELP IN FINDING SOLUTIONS AND REDUCE EPIDEMICS.

AND MR. LUMANO HAS CHALLENGED GOVERNMENT THROUGH THE MINISTRY OF HEALTH TO STRENGTHEN LABORATORIES SERVICES IN THE COUNTRY IF THE HEALTH SECTOR IS TO PERFORMANCE ACCORDINGLY.

HE SAID THERE IS NEED TO RELOOK AT THE LAB FUNCTIONALITIES IN THE COUNTRY ADDING THAT THERE IS NEED FOR GOVERNMENT TO ENSURE THAT THERE IS BALANCE WHEN IT COMES TO PROMOTING MEDICAL CAREERS.

MR. LUMANO SAID GOVERNMENT CANNOT EXTINGUISH ONE PROGRAMME IN PREFERENCE FOR ANOTHER STRESSING THAT IT IS JUST CREATING PROBLEMS AFTER ANOTHER.

GOVERNMENT IS IN THE PROCESS OF CONVERTING THE NDOLA COLLEGE OF BIOMEDICAL SCIENCES INTO A MEDICAL SCHOOL A MOVE THAT HAS SPARKED DEBATE FROM DIFFERENT QUARTERS OF THE SOCIETY.

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ZAMBIAN BANKS CHALLENGED TO BE ACCOUNTABLE AND PROTECT THE INTERESTS OF THEIR DEPOSITORS TO AVOID MONETARY LOSS AND CONFIDENCE FROM THE CUSTOMERS THROUGH GOOD COOPERATE GOVERNANCE PROGRAM

BANK OF ZAMBIA GOVERNOR DR CALEB FUNDANGA HAS CHALLENGED BANKS IN THE COUNTRY TO BE ACCOUNTABLE AND PROTECT THE INTERESTS OF THEIR DEPOSITORS TO AVOID MONETARY LOSS AND CONFIDENCE FROM THE CUSTOMERS THROUGH GOOD COOPERATE GOVERNANCE PROGRAM.

SPEAKING TODAY AT THE INSTITUTE OF DIRECTORS BUSINESS LUNCHEON ON CORPORATE GOVERNANCE AND ITS IMPACT ON FINANCIAL INSTITUTIONS DR FUNDANGA POINTED OUT THAT POOR COOPERATE GOVERNANCE MAY CONTRIBUTE TO BANKS FAILURE, WHICH IN TURN CAN POSE SIGNIFICANT COSTS ON THE TREASURY AND CAN HAVE OTHER MACRO ECONOMIC EFFECTS LIKE CONTAGION RISKS.

DR FUNDANGA STRESSED THAT POOR COOPERATE GOVERNANCE CAN ALSO LEAD TO FINANCIAL MARKETS TO LOSE CONFIDENCE IN THE ABILITY OF THE BANKS TO PROPERLY MANAGE THEIR ASSETS AND LIABILITIES, INCLUDING CUSTOMER DEPOSITS AND THIS COULD IN TURN TRIGGER A RUN ON A BANK OR PRECIPITATE LIQUIDITY CRISIS.

HE STATED THAT IT IS FOR THIS REASON THAT MANAGEMENT OF BANKS HAVE TO PAY PARTICULAR ATTENTION TO THE INTEREST OF DEPOSITORS AND OTHER CREDITORS BECAUSE THE CONSEQUENCES OF MISMANAGING THEIR RISKS CAN THEREFORE BE VERY SEVERE NOT ONLY FOR THE INDIVIDUAL BANK ALSO FOR THE SYSTEM AS A WHOLE.

AND THE GOVERNOR CALLED ON THE BANKS TO PUT IN PLACE A SOUND PAYMENT SYSTEM AS IT PROVIDES THE MEANS BY WHICH VAST NUMBERS OF TRANSACTION ARE MADE EACH DAY.

HE NOTED THAT THE PAYMENT SYSTEM INVOLVES MANY DIFFERENT COMPONENTS, INCLUDING SYSTEM FOR SETTLING LARGE, INTER –BANK AND INTER-COOPERATE PAYMENT TRANSACTION AND SYSTEMS FOR HANDLING A NUMBER OF SMALLER TRANSACTIONS.

DR FUNDANGA SAID THAT A MAJOR OPERATIONAL FAILURE IN THE PAYMENT SYSTEM HAS THE POTENTIAL TO CAUSE SEVERE DISRUPTION TO THE FINANCIAL SYSTEM AND WIDER ECONOMY

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ZAMBIA'S ENERGY REGULATION BOARD SAYS IT IS STILL REVIEWING THE LICENSE APPLICATION AND THE PROPOSED POWER PURCHASE AGREEMENT BETWEEN NDOLA ENERGY COMPANY LIMITED (NEC) AND ZESCO LIMITED

THE ENERGY REGULATION BOARD SAYS IT IS STILL REVIEWING THE LICENSE APPLICATION AND THE PROPOSED POWER PURCHASE AGREEMENT BETWEEN NDOLA ENERGY COMPANY LIMITED (NEC) AND ZESCO LIMITED AFTER THE COMPANY NEC EXPRESSED INTEREST IN DEVELOPING A HEAVY FUEL POWERED PLANT TO BE CONSTRUCTED IN NDOLA.

ACCORDING TO A PRESS STATEMENT MADE AVAILABLE TO RADIO PHOENIX TODAY BY ERB COMMUNICATIONS OFFICER KWALI MFUNI ,NEC WHICH IS A SUBSIDIARY OF CONCODIA ENERGY GROUP OF MAURITIUS INTENDS TO GENERATE 50MEGA WATTS AT ITS THERMO PLANT TO BE LOCATED NEXT TO INDENI PETROLEUM REFINERY.

MS MFUNI SAYS THE CONSTRUCT OF THE 50MEGA WATTS THERMAL PLANT IN NDOLA AT A TOTAL COST OF OVER $65MILLION WILL NOT ONLY INCREASE THE GENERATION CAPACITY OF ZAMBIA BUT WILL ADDRESS THE CHALLENGE OF STORAGE SPACE AT INDENI, WHERE HEAVY FUEL OIL IS STOCKPILED DUE TO LIMITED DEMAND.

SHE HAS STATED THAT IT IS ENVISAGED THAT THE POWER GENERATED AT NEC WOULD BE TRANSMITTED THROUGH THE ALREADY EXISTING 33KILLOVOLTS, TO BWANA MKUBWA SUBSTATION AND THEN TO THE NATIONAL GRID.

MR. MFUNI FURTHER SAID THAT IN ORDER TO SECURE A READY MARKET FOR THE POWER IT INTENDS TO GENERATE, NEC HAS SUBMITTED A POWER PURCHASE AGREEMENT TO ERB FOR A STATUTORY APPROVAL ADDING THAT THE COMPANY PLANS TO SELL 50MEGA WATTS TO ZESCO LIMITED

SHE SAYS ZESCO WOULD BE THE SOLE OFF-TAKER OF THE POWER GENERATED BY NEC AND THE POWER PURCHASE AGREEMENT (PPA) IS ENVISAGED TO RUN FOR A PERIOD OF 15YEARS WITH THE OPTION OF A FIVE YEAR EXTENSION.

MEANWHILE MS MFUNI DISCLOSED THAT THE ERB RECENTLY ALSO CONSIDERED TWO POWER PURCHASE AGREEMENT’S INVOLVING ZESCO WITH ITEZHI-TEZI POWER CORPORATION AND ELECTRICIDE DE MOZAMBIQUE OF MOZAMBIQUE.

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THE INTERNATIONAL INSTITUTE FOR PEACE THROUGH TOURISM (IIPT) HAS TODAY ANNOUNCED THAT ZAMBIAN PRESIDENT RUPIAH BANDA HAS AGREED TO BE PATRON OF THE 5TH AFRICAN CONFERENCE

THE INTERNATIONAL INSTITUTE FOR PEACE THROUGH TOURISM (IIPT) HAS TODAY ANNOUNCED THAT PRESIDENT RUPIAH BANDA HAS AGREED TO BE PATRON OF THE 5TH AFRICAN CONFERENCE WHOSE THEME IS MEETING THE CHALLENGES OF CLIMATE CHANGE TO TOURISM IN AFRICA AND THE DEVELOPING WORLD” TO BE HELD IN LUSAKA, FROM  MAY 15 – 20, 2011.
IN MAKING THE ANNOUNCEMENT, IIPT FOUNDER AND PRESIDENT, LOUIS D’AMORE SAID PRESIDENT BANDA’S PATRONAGE ADDS IMMENSE STATURE AND PRESTIGE TO THE CONFERENCE AND DEMONSTRATES THE IMPORTANCE THAT ZAMBIA HAS PLACED ON THIS TIMELY EVENT.
THE AIM OF THE 5TH IIPT AFRICAN CONFERENCE IS TO SHOWCASE MODELS OF ‘BEST PRACTICE’ IN MITIGATING AND ADDRESSING THE ANTICIPATED IMPACTS OF CLIMATE CHANGE TO TOURISM IN AFRICA AND THE DEVELOPING WORLD.
THE CONFERENCE IS HOSTED BY THE MINISTRY OF TOURISM, ENVIRONMENT AND NATURAL RESOURCES, AND ORGANIZED BY THE INTERNATIONAL INSTITUTE FOR PEACE THROUGH TOURISM (IIPT) IN PARTNERSHIP WITH THE UN WORLD TOURISM ORGANIZATION (UNWTO), PACIFIC ASIA TRAVEL ASSOCIATION (PATA), WORLD TRAVEL MARKET, REGIONAL TOURISM ORGANIZATION OF SOUTHERN AFRICA (RETOSA), AS WELL AS OTHER PRESTIGIOUS PARTNERS AND SUPPORTERS.
THE CONFERENCE WILL BRING TOGETHER LEADING EXPERTS ON TOURISM AND CLIMATE CHANGE, MINISTERS OF TOURISM, SENIOR REPRESENTATIVES OF UN AGENCIES, SENIOR GOVERNMENT OFFICIALS, SENIOR INDUSTRY EXECUTIVES FROM THE DIVERSE SECTORS OF THE TOURISM INDUSTRY, EDUCATORS, AND PRACTITIONERS FROM MORE THAN 40 COUNTRIES.
THE TOPICS TO BE COVERED INCLUDE: CLIMATE CHANGE: POLICY AND PLANNING TO PRACTICE, THE CENTRAL ROLE OF PARKS AND WILDERNESS AREAS, PERSPECTIVES ON SUSTAINABLE DESTINATIONS, THE HUMAN AND CULTURAL DIMENSIONS OF CLIMATE CHANGE.
IT WILL ALSO LOOK AT ESTABLISHING GUIDELINES AND BUSINESS STRATEGIES FOR SUSTAINABLE TOURISM, COASTAL TOURISM STRATEGIES AND WATER MANAGEMENT AND OTHER CRITICAL TOPIC AREAS.
THE CONFERENCE WILL ALSO INCLUDE THE FIRST EVER “TRADITIONAL LEADERS FORUM ON TOURISM” TO BE HELD IN AFRICA WITH BEN SHERMAN, PRESIDENT, NATIVE TOURISM ALLIANCE, NORTH AMERICA, AS A SPECIAL GUEST.
THE INTERNATIONAL INSTITUTE FOR PEACE THROUGH TOURISM IS DEDICATED TO FOSTERING AND FACILITATING TOURISM INITIATIVES WHICH CONTRIBUTE TO INTERNATIONAL UNDERSTANDING AND COOPERATION, AN IMPROVED QUALITY OF ENVIRONMENT, THE PRESERVATION OF HERITAGE, POVERTY REDUCTION, AND THE RESOLUTION OF CONFLICT - AND THROUGH THESE INITIATIVES, HELP BRING ABOUT A MORE PEACEFUL AND SUSTAINABLE WORLD.
IIPT IS DEDICATED TO MOBILIZING TRAVEL AND TOURISM, THE WORLD’S LARGEST INDUSTRY, AS THE WORLD’S FIRST “GLOBAL PEACE INDUSTRY,” AN INDUSTRY THAT PROMOTES AND SUPPORTS THE BELIEF THAT “EVERY TRAVELER IS POTENTIALLY AN AMBASSADOR FOR PEACE.

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THE ZAMBIA OPEN UNIVERSITY ADVISES THE GOVERNMENT TO EXERCISE EXTREME CAUTION IN THE WAY IT GIVES OUT LAND TO FOREIGN INVESTORS

A LECTURER IN DEVELOPMENT STUDIES AT THE ZAMBIA OPEN UNIVERSITY HAS ADVISED THE GOVERNMENT TO EXERCISE EXTREME CAUTION IN THE WAY IT GIVES OUT LAND TO FOREIGN INVESTORS.
MS. TASILA MBEWE WHO LECTURES IN CONFLICT, HUMAN RIGHTS, DEMOCRACY AND GOOD GOVERNANCE PREDICTS THAT IN THE FUTURE, MOST CONFLICTS ON THE CONTINENT WILL BE OVER LAND AND NATURAL RESOURCES.
MS. MBEWE HAS TOLD RADIO PHOENIX THAT THE ZAMBIAN GOVERNMENT MUST ALSO ENSURE THAT FOREIGNERS WHO INVEST IN AGRICULTURE ARE MONITORED TO SEE WHAT KIND OF CHEMICALS ARE APPLIED IN THE SOIL.
THE ZAMBIA OPEN UNIVERSITY LECTURER NOTES THAT THE COUNTRY’S FERTILE SOIL MUST NOT BE DEGRADED BY THE CHEMICALS WHICH ARE APPLIED INTO IT.
SHE SAYS THE GOVERNMENT MUST PROTECT THE FUTURE GENERATION FROM TAKING OVER LAND THAT WILL PRODUCE NOTHING SUBSTANTIVE.
MS. MBEWE SAYS THE WEST IS RUSHING TO AFRICA BECAUSE OF ITS NATURAL RESOURCES AND VAST LAND HENCE THE NEED FOR THE GOVERNMENT TO PUT IN PLACE POLICIES THAT WILL PROTECT THE ENVIRONMENT.

PUBLISHED AUGUSTINE

ZAMBIAN GOVERNMENT ADVISED TO CONTINUE BEING VIGILANT AND KEEP AN EYE ON THE HERBAL MEDICINES ON THE MARKET IN RELATION TO HIV TO AVOID PEOPLE BEING USED IN TRIALS WHICH GIVE OTHER COMPLICATIONS AFTER WARDS

FORMER HEALTH MINISTER PROFESSOR NKANDU LUO HAS ADVISED THE GOVERNMENT TO CONTINUE BEING VIGILANT AND KEEP AN EYE ON THE HERBAL MEDICINES ON THE MARKET IN RELATION TO HIV TO AVOID PEOPLE BEING USED IN TRIALS WHICH GIVE OTHER COMPLICATIONS AFTER WARDS.
SPEAKING IN AN INTERVIEW WITH RADIO PHOENIX, PROFESSOR LUO SAYS THERE IS NEED TO AVOID THE SITUATION OF JUST PARADING PEOPLE TO TRY OUT HERBAL MEDICINES SUCH AS THE TIAN IMMUNE BOOSTER WITHOUT BEING SURE BECAUSE THE COMPLICATIONS WHICH PEOPLE ARE GETTING ARE AS A RESULT OF THE UNVERIFIED MEDICINES.
SHE HAS STATED THAT THE GOVERNMENT MUST PROTECT ITS PEOPLE THROUGH PUTTING IN PLACE STIFF MONITORING POLICIES THAT WILL ENSURE THAT EVERY RESEARCH WHICH IS BEING CARRIED OUT BY ANY RESEARCHER ESPECIALLY ON HEALTH MATTERS DOES NOT PUT THE LIVES OF PEOPLE AT RISK.
PROFESSOR LUO HAS RECALLED THAT DUE TO LACK OF ADEQUATE MONITORING POLICIES IN THE COUNTRY IN RELATION TO HEALTH RESEARCH, IT LED TO PEOPLE IN MAZABUKA TO BE INFECTED WITH HIV WHICH UP TO NOW NOTHING HAS BEEN DONE ABOUT IT.
SHE HAS COMMENDED THE HEALTH MINISTRY FOR STOPPING THE USE OF TIAN IMMUNE BOOSTER BY STATING THAT THE MEDICINE MUST BE USED ONLY WHEN SUCH A TIME THAT IT IS PROVED TO BE HARMLESS TO THE HUMAN RACE.

published augustine

RFZ SOUTHERN CHAPTER CHAIRPERSON CHIEF MUKUNI‘S STATEMENT THAT ALL THE TONGA CHIEFS IN THE PROVINCE WILL RALLY BEHIND PRESIDENT BANDA IN THE FORTHCOMING ELECTION, IS A TOTAL FABRICATION CHARGES FELLOW CHIEF.

CHIEF BRIGHT NALUBAMBA OF THE ILLA SPEAKING PEOPLE SAYS THE DECLARATION BY THE ROYAL FOUNDATION OF ZAMBIA (RFZ) SOUTHERN PROVINCE CHAPTER OF ZAMBIA TO SUPPORT PRESIDENT RUPIAH BANDA DURING THE 2011 ELECTIONS DOES NOT REFLECT THE WILL OF THE TONGA SPEAKING PEOPLE.
REACTING TO RFZ SOUTHERN CHAPTER CHAIRPERSON CHIEF MUKUNI‘S STATEMENT THAT ALL THE TONGA CHIEFS IN THE PROVINCE WILL RALLY BEHIND PRESIDENT BANDA IN THE FORTHCOMING ELECTION, CHIEF NALUBAMBA SAID THIS IS A TOTAL FABRICATION.
THE TRADITIONAL LEADER SAYS THE STATEMENT DOES NOT REPRESENT THE WILL OF THE PEOPLE, BUT WAS JUST MADE BY INDIVIDUAL CHIEFS IN THEIR CAPACITY AND NOT AS CHIEFDOMS.
HE EXPLAINED THAT CHIEFS IN SOUTHERN PROVINCE DID NOT SIT DOWN WITH THEIR PEOPLE WHO ARE THERE SUBJECTS TO FIND OUT WHAT THEY WANT.
HE SAYS THE STATEMENT SHOULD BE TREATED AS A POLITICAL ONE WHICH IS VERY DISAPPOINTING TO THE OTHER CHIEFS IN AREA.
CHIEF NALUBAMBA HAS STATED THAT WHAT WAS ANNOUNCED BY THE ROYAL FOUNDATION OF ZAMBIA CHAIRPERSON CHIEF MUKUNI LACKED MERITS AND WAS AGAINST WHAT IS ON THE GROUND.
CHIEF NALUBAMBA WHO STATED THAT EVEN THOUGH HE IS BOUND BY WHAT THE FOUNDATION ANNOUNCED, AN HONEST ADVICE AND DECLARATION IS IMPORTANT TO ENHANCE DEMOCRACY ADDING THAT CHIEFS DID NOT FULLY AGREE TO THE IDEA, AS THERE ARE ALOT OF ISSUES RAISED ON THE MATTER.

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THE ZAMBIAN MINISTRY OF EDUCATION HAS ANGERED RURAL TEACHERS ON THE COPPERBELT PROVINCE BY FAILING TO PAY THEM THEIR RURAL HARDSHIP ALLOWANCES SINCE APRIL LAST YEAR

THE ZAMBIAN MINISTRY OF EDUCATION HAS ANGERED RURAL TEACHERS ON THE COPPERBELT PROVINCE BY FAILING TO PAY THEM THEIR RURAL HARDSHIP ALLOWANCES SINCE APRIL LAST YEAR.
THE TEACHERS WHO ARE ANGRY ARE FROM MPONGWE, KAFULAFUTA AND MASAITI AREAS.
SPEAKING ON CONDITION OF ANONYMITY FOR FEAR OF VICTIMIZATION, THE TEACHERS HAVE SINCE APPEALED TO PRESIDENT BANDA TO INTERVENE IN THE MATTER BEFORE THEY DOWN TOOLS.
SOME OF THE TEACHERS TALKED TO BY RADIO PHOENIX SAY EDUCATION MINISTER DORA SILIYA IS SEEMINGLY NOT PAYING ATTENTION TO THE ISSUE OF RURAL HARDSHIP ALLOWANCE BUT KEEPS ON MAKING POLITICAL RHETORIC AND UTTERANCES WHICH ARE NOT HELPING THE TEACHERS IN RURAL ZAMBIA.
THE TEACHERS POINTED OUT THAT THEY HAVE NOT RECEIVED THE ALLOWANCES SINCE APRIL LAST YEAR DESPITE MAKING SEVERAL COMPLAINTS TO RELEVANT AUTHORITIES.
THEY HAVE THREATENED THAT IF THE MATTER IS NOT ADDRESSED, EDUCATION MINISTER DORA SILIYA SHOULD BRACE HERSELF WITH GO SLOWS FROM THE TEACHERS IN THE PROVINCE WHO CAN NOT TAKE IT ANY MORE DUE TO THE OTHER VARIOUS ECONOMIC HARDSHIP BEING ENCOUNTERED.
BUT EDUCATION PERMANENT SECRETARY ANDREW PHIRI HAS CLARIFIED THE MATTER BY STATING THAT THERE IS NO SUCH A SITUATION HAPPENING AT THE MOMENT AS ALMOST ALL THE TEACHERS ARE GETTING PAID EXCEPT FOR A FEW WHO ARE IN AREAS THAT ARE STILL BEING CODED.
MR. PHIRI SAYS HIS MINISTRY IS WORKING OUT MODALITIES TO CODE AREAS AS RURAL AND REMOTE SO THAT SPECIFIC NEEDS CAN BE ATTENDED TO.

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ZAMBIA NOT BENEFITTING FROM ITS OWN MANGANSE MINING

GOVERNMENT HAS ADMITTED THAT THE COUNTRY IS NOT BENEFITTING ANYTHING FROM THE MINING OF MANGANESE IN THE COUNTRY ESPECIALLY IN AREAS SUCH AS LUAPULA PROVINCE BECAUSE THERE IS NO VALUE ADDITION TO THE RAW MATERIAL.

MINES AND MINERAL DEVELOPMENT SAFETY DIRECTOR MOOYA LUMAMBA SAYS MUCH OF THE MANGANESE WHICH IS BEING MINED BY THE FOREIGN INVESTORS IS BEING SHIPPED OUTSIDE, LEAVING THE COUNTRY WITH NOTHING.

MR. LUMAMBA WHO WAS SPEAKING DURING A PRESENTATION AT  THE EXTRACTIVE INDUSTRIES ROUND TABLE DISCUSSION FOR TRADITIONAL LEADERS IN LUSAKA TODAY, STATED THAT THE DEMAND FOR MANGANESE HAS GROWN HENCE THE  NEED TO DEVISE WAYS UPON WHICH  THE COUNTRY WILL BENEFIT FROM THE RAW MATERIAL.

HE POINTED  OUT THAT MINING OPERATIONS OF VARIOUS RAW MATERIALS ARE GROWING AT A FASTER RATE AND THEIR  ACTIVITIES SHOULD HAVE SOCIAL IMPACT ON THE COMMUNITIES IN WHICH THEY ARE TAKING PLACE.

MEANWHILE MR. LUMAMBA EXPLAINED THAT ALL MINING COMPANIES WHICH FLOUT THE ENVIRONMENTAL ACT THROUGH THE VARIOUS ACTIVITIES SUCH AS POLLUTION RISK HAVING THEIR LICENSES REVOKED OR SUSPENDED.

MEANWHILE EXTRACTIVE INDUSTRIES ROUND TABLE DISCUSSION FOR TRADITIONAL LEADERS ORGANIZERS, SOUTHERN AFRICA RESOURCES WATCH DIRECTOR CLAUDE KABEMBA NOTED THAT DESPITE THE NATION BEING RICH IN MINERALS, IT HAS CONTINUED TO BE AMONGST POOR NATIONS.

MR. KABEMBA STRESSED THAT THERE IS NEED TO EMPOWER THE CITIZENS SO THAT THEY CAN WATCH OVER THEIR RESOURCES AND NOT LET IT ALL GO TO THE HANDS OF THE INVESTORS.

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ZAMBIA NOT BENEFITTING FROM ITS OWN MANGANSE MINING

GOVERNMENT HAS ADMITTED THAT THE COUNTRY IS NOT BENEFITTING ANYTHING FROM THE MINING OF MANGANESE IN THE COUNTRY ESPECIALLY IN AREAS SUCH AS LUAPULA PROVINCE BECAUSE THERE IS NO VALUE ADDITION TO THE RAW MATERIAL.

MINES AND MINERAL DEVELOPMENT SAFETY DIRECTOR MOOYA LUMAMBA SAYS MUCH OF THE MANGANESE WHICH IS BEING MINED BY THE FOREIGN INVESTORS IS BEING SHIPPED OUTSIDE, LEAVING THE COUNTRY WITH NOTHING.

MR. LUMAMBA WHO WAS SPEAKING DURING A PRESENTATION AT  THE EXTRACTIVE INDUSTRIES ROUND TABLE DISCUSSION FOR TRADITIONAL LEADERS IN LUSAKA TODAY, STATED THAT THE DEMAND FOR MANGANESE HAS GROWN HENCE THE  NEED TO DEVISE WAYS UPON WHICH  THE COUNTRY WILL BENEFIT FROM THE RAW MATERIAL.

HE POINTED  OUT THAT MINING OPERATIONS OF VARIOUS RAW MATERIALS ARE GROWING AT A FASTER RATE AND THEIR  ACTIVITIES SHOULD HAVE SOCIAL IMPACT ON THE COMMUNITIES IN WHICH THEY ARE TAKING PLACE.

MEANWHILE MR. LUMAMBA EXPLAINED THAT ALL MINING COMPANIES WHICH FLOUT THE ENVIRONMENTAL ACT THROUGH THE VARIOUS ACTIVITIES SUCH AS POLLUTION RISK HAVING THEIR LICENSES REVOKED OR SUSPENDED.

MEANWHILE EXTRACTIVE INDUSTRIES ROUND TABLE DISCUSSION FOR TRADITIONAL LEADERS ORGANIZERS, SOUTHERN AFRICA RESOURCES WATCH DIRECTOR CLAUDE KABEMBA NOTED THAT DESPITE THE NATION BEING RICH IN MINERALS, IT HAS CONTINUED TO BE AMONGST POOR NATIONS.

MR. KABEMBA STRESSED THAT THERE IS NEED TO EMPOWER THE CITIZENS SO THAT THEY CAN WATCH OVER THEIR RESOURCES AND NOT LET IT ALL GO TO THE HANDS OF THE INVESTORS.

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ZAMBIA NOT BENEFITTING FROM ITS OWN MANGANSE MINING

GOVERNMENT HAS ADMITTED THAT THE COUNTRY IS NOT BENEFITTING ANYTHING FROM THE MINING OF MANGANESE IN THE COUNTRY ESPECIALLY IN AREAS SUCH AS LUAPULA PROVINCE BECAUSE THERE IS NO VALUE ADDITION TO THE RAW MATERIAL.

MINES AND MINERAL DEVELOPMENT SAFETY DIRECTOR MOOYA LUMAMBA SAYS MUCH OF THE MANGANESE WHICH IS BEING MINED BY THE FOREIGN INVESTORS IS BEING SHIPPED OUTSIDE, LEAVING THE COUNTRY WITH NOTHING.

MR. LUMAMBA WHO WAS SPEAKING DURING A PRESENTATION AT  THE EXTRACTIVE INDUSTRIES ROUND TABLE DISCUSSION FOR TRADITIONAL LEADERS IN LUSAKA TODAY, STATED THAT THE DEMAND FOR MANGANESE HAS GROWN HENCE THE  NEED TO DEVISE WAYS UPON WHICH  THE COUNTRY WILL BENEFIT FROM THE RAW MATERIAL.

HE POINTED  OUT THAT MINING OPERATIONS OF VARIOUS RAW MATERIALS ARE GROWING AT A FASTER RATE AND THEIR  ACTIVITIES SHOULD HAVE SOCIAL IMPACT ON THE COMMUNITIES IN WHICH THEY ARE TAKING PLACE.

MEANWHILE MR. LUMAMBA EXPLAINED THAT ALL MINING COMPANIES WHICH FLOUT THE ENVIRONMENTAL ACT THROUGH THE VARIOUS ACTIVITIES SUCH AS POLLUTION RISK HAVING THEIR LICENSES REVOKED OR SUSPENDED.

MEANWHILE EXTRACTIVE INDUSTRIES ROUND TABLE DISCUSSION FOR TRADITIONAL LEADERS ORGANIZERS, SOUTHERN AFRICA RESOURCES WATCH DIRECTOR CLAUDE KABEMBA NOTED THAT DESPITE THE NATION BEING RICH IN MINERALS, IT HAS CONTINUED TO BE AMONGST POOR NATIONS.

MR. KABEMBA STRESSED THAT THERE IS NEED TO EMPOWER THE CITIZENS SO THAT THEY CAN WATCH OVER THEIR RESOURCES AND NOT LET IT ALL GO TO THE HANDS OF THE INVESTORS.

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ALBIDON LIMITED EXPECTS ITS REACTIVATED MUNALI NICKEL MINE IN THE COUNTRY TO PRODUCE 50,000 TONNES OF NICKEL IN CONCENTRATE THIS YEAR

ALBIDON LIMITED EXPECTS ITS REACTIVATED MUNALI NICKEL MINE IN THE COUNTRY TO PRODUCE 50,000 TONNES OF NICKEL IN CONCENTRATE THIS YEAR, WHICH WILL BE SOLD AT PREVAILING SPOT PRICES TO CHINESE METALS REFINER JINCHUAN GROUP.

AT THAT LEVEL, THE MINE WOULD BE THE FIRST OF ITS SIZE TO RESUME OPERATIONS SINCE SEVERAL MINES FROM AUSTRALIA TO THE EUROPE WERE MOTHBALLED INDEFINITELY WHEN WORLD NICKEL PRICES DIVED IN 2008.

IT ALSO REPRESENTS THE EQUIVALENT OF NEARLY THE ENTIRE FORECAST 2011 GLOBAL NICKEL SUPPLY DEFICIT OF 60,000 TONNES FORECAST BY THE INTERNATIONAL NICKEL STUDY GROUP.

JINCHUAN IS NOW LOOKING TO HELP EXPAND PRODUCTION BEYOND 50,000 TONNES OVER THE NEXT SEVERAL YEARS, WITH A FOCUS ON AFRICA AND AUSTRALIA, ALBIDON CHIEF FINANCIAL OFFICER DAVID ROUND SAID.

JINCHUAN OWNS 49.9 PER CENT OF ALBIDON, WITH AN OPTION TO ACQUIRE UP TO 74 PER CENT AND PRODUCTION FROM THE ALBIDON MINE WAS HALTED IN MID-2008 AFTER A DRAMATIC FALL IN PRICES, LEAVING OPERATING COSTS HIGHER THAN WHAT ALBIDON COULD SELL ITS NICKEL FOR.

NICKEL PRICES DOUBLED BETWEEN APRIL 2009 AND APRIL 2010 AND HAVE REMAINED RELATIVELY STABLE EVER SINCE AT AROUND $US25, 000 TO $US26, 000 A TONNE.

AT THE TIME PRICES CRASHED, JINCHUAN, WHICH HOLDS INTERESTS IN OTHER AUSTRALIA-BASED NICKEL MINERS, INCLUDING WESTERN AREAS, PANORAMIC RESOURCES AN THE MMG DIVISION OF MIN-METALS RESOURCES, ONLY HELD ABOUT FOUR PER CENT OF ALBIDON.

JINCHUAN LIFTED ITS STAKE AFTER HELPING PAY OFF MONEY OWED TO BARCLAYS CAPITAL, RETAINING RIGHTS TO BUY 100 PER CENT OF MINE PRODUCTION IN CONCENTRATE FORM AT PREVAILING LONDON METAL EXCHANGE SPOT PRICES, ACCORDING TO ROUND.

THE MINE MANAGEMENT SAID IT HAD RECEIVED INDICATIONS FROM JINCHUAN THAT THE COMPANY HELD NO DESIGNS ON ACQUIRING ALBIDON OUTRIGHT, DESPITE HOLDING CONVERTIBLE NOTES, WHICH IF EXERCISED COULD DELIVER THE CHINESE FIRM A FURTHER 310 MILLION SHARES AND LIFT ITS STALE TO 74 PER CENT.

ANOTHER ZAMBIAN MINING COMPANY WITH AN AUSTRALIAN OWNER, EQUINOX MINERALS HAS BEEN THE SUBJECT OF TWO RECENT TAKEOVER ATTEMPTS. THE SECOND, BY MIN-METALS AND WORTH $US6.3 BILLION, REMAINS ACTIVE.

JINCHUAN HAS PLEDGED ITS SUPPORT FOR ALBIDON'S GROWTH STRATEGY AND TO MAINTAIN ITS CURRENT STAKE IN A MEETING WITH JINCHUAN'S CHAIRMAN IN HONG KONG IN MARCH.

CLOSE ON THE HEELS OF THE REACTIVATION OF THE MUNALI MINE, CANADA'S FIRST QUANTUM MINERALS IS SPENDING ABOUT $US190 MILLION TO BRING THE RAVENSTHORPE NICKEL MINE IN AUSTRALIA BACK INTO PRODUCTION BY MAY 2011 AT A RATE OF 39,000 TONNES,

ALSO, TWO NEW FERRO NICKEL OPERATIONS, VALE'S ONCA PUMA AND ANGLO-AMERICAN'S BARRO ALTO, BOTH IN BRAZIL ARE SCHEDULED TO START UP. BETWEEN THEM THEY WILL PRODUCE AROUND 90,000 TONNES PER YEAR OF CONTAINED NICKEL ONCE IN FULL PRODUCTION

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THE 1ST ZAMBIAN INTERNATIONAL MINING AND ENERGY CONFERENCE AND EXHIBITION (ZIMEC 2011) WILL TAKE PLACE AT THE MULUNGUSHI INTERNATIONAL CONFERENCE CENTER IN LUSAKA, FROM THE 15 – 17 JUNE 2011

THE 1ST ZAMBIAN INTERNATIONAL MINING AND ENERGY CONFERENCE AND EXHIBITION (ZIMEC 2011) WILL TAKE PLACE AT THE MULUNGUSHI INTERNATIONAL CONFERENCE CENTER IN LUSAKA, FROM THE 15 – 17 JUNE 2011.
THE EVENT WILL BE PLANNED BY AN ORGANIZING COMMITTEE COMPRISING OF THE MINISTRY OF MINES AND MINERALS DEVELOPMENT, ASSOCIATION OF ZAMBIAN MINERAL EXPLORATION COMPANIES, THE CHAMBER OF MINES AND AME TRADE LIMITED OF UNITED KINGDOM.
ZIMEC 2011 WILL CONSIST OF TWO DAYS OF PLENARY SESSIONS, TECHNICAL WORKSHOPS AND EXHIBITIONS.
THE MEETING WILL PROVIDE A UNIQUE OPPORTUNITY FOR ALL PARTICIPANTS TO DISCOVER ZAMBIA, THE COUNTRY’S MINING, ENERGY AND PETROLEUM POTENTIAL, AS WELL DISCUSSING THE CHALLENGES OF DEVELOPING PROJECTS RELATING TO THE EXPLORATION AND EXTRACTION OF ZAMBIA’S NATURAL RESOURCES.
THE THIRD DAY OF THE EVENT WILL BE DEDICATED TO FIELD TRIPS TO ZAMBIA’S MINING AND ELECTRICITY HUBS OR A TOURIST EXCURSION TO SOME OF THE COUNTRY’S MOST SCENIC LOCATIONS.
THIS EVENT WILL ALLOW ALL ORGANIZATIONS FROM BOTH PUBLIC AND PRIVATE SECTOR, A PLATFORM TO EXCHANGE VIEWS AND DISCUSS THE PERTINENT ISSUES OF THE COUNTRY’S FUTURE DEVELOPMENT.
ZIMEC 2011 WILL GATHER INTERNATIONAL INVESTORS, MINING EXPERTS, DIRECTORS OF FINANCIAL INSTITUTIONS, ZAMBIAN DECISION MAKERS, DEVELOPMENT PARTNERS AND DONORS AS WELL AS OTHER KEY ACTORS AND PARTNERS IN THE MINING, PETROLEUM AND ENERGY INDUSTRIES.
THE CONFERENCE WILL LEAD TO IMPORTANT CONCLUSIONS AND RECOMMENDATIONS FOR: INCREASING THE VALUE THAT CAN BE ADDED TO ZAMBIA’S NATURAL RESOURCES AND A BETTER CONTRIBUTION OF THE AFOREMENTIONED SECTORS TO THE ECONOMIC AND SOCIAL DEVELOPMENT OF ZAMBIA.

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ZAMBIA HOST THE 6TH INTERNATIONAL ASSOCIATION OF WOMEN JUDGES FROM THE 26TH TO THE 30 APRIL THIS YEAR

ZAMBIA IS SET TO HOST THE 6^TH INTERNATIONAL ASSOCIATION OF WOMEN JUDGES IN CONJUNCTION WITH THE JUDICIARY AND THE ZAMBIA ASSOCIATION WOMEN JUDGES FROM THE 26^TH TO THE 30 APRIL THIS YEAR.

ACCORDING TO A PRESS STATEMENT MADE AVAILABLE TO RADIO PHOENIX BY THE JUDICIARY OF ZAMBIA PUBLIC RELATIONS OFFICER TERRY MUSONDA THE 6^TH INTERNATIONAL ASSOCIATION OF WOMEN JUDGES WILL BE HELD IN LIVINGSTONE AT THE ZAMBEZI SUN INTERNATIONAL HOTEL UNDER THE THEME: JUDICIAL INTEGRITY; WOMEN AND CHILDREN’S RIGHTS- A JUDICIAL PERSPECTIVE.

MR. MUSONDA SAYS ZAMBIA ASSOCIATION OF WOMEN JUDGES (ZAWJ) LAST YEAR WON THE BID TO HOST THE 6^TH AFRICA REGIONAL CONFERENCE WHEN ITS TEN (10) MEMBERS ATTENDED A ONE WEEK INTERNATIONAL ASSOCIATION OF WOMEN JUDGES CONFERENCE IN SEOUL, SOUTH KOREA.

HE HAS STATED THAT THE CONFERENCE IS EXPECTED TO BE ATTENDED BY OVER 100 LOCAL AND INTERNATIONAL DELEGATES AND IS BEING HELD WITH FINANCIAL SUPPORT FROM UNDP, UNICEF, GIZ, AND GENDER IN DEVELOPMENT, AMONG OTHER PARTNERS.

MR MUSONDA HAS EXPLAINED THAT THE ZAMBIA ASSOCIATION OF WOMEN JUDGES (ZAWJ) IS A CHAPTER OF THE INTERNATIONAL ASSOCIATION OF WOMEN JUDGES (IAWJ)WHICH WAS FORMED IN 2004, AND HAS A MEMBERSHIP OF OVER THIRTY-FIVE (35) ADJUDICATORS DRAWN FROM THE SUPREME COURT, THE HIGH COURT, THE INDUSTRIAL RELATIONS COURT AND THE SUBORDINATE/MAGISTRATES’ COURTS OF ZAMBIA.

HE SAYS ZAWJ IS AN ACTIVE CHAPTER OF THE IAWJ, AND HAS CARRIED OUT A NUMBER OF TRAINING ACTIVITIES UNDER THE JURISPRUDENCE OF EQUALITY PROGRAMME (JEP), IN LINE WITH THE IAWJ’S COMMITMENT TO THE ADVANCEMENT OF HUMAN RIGHTS THROUGH PIONEERING JUDICIAL-EDUCATION-PROGRAMMES.

MR. MUSONDA FURTHER STATED THAT THE ZAWJ IS CURRENTLY RUNNING THE JUSTICE, JURISPRUDENCE ACCESS AND ACCOUNTABILITY IN ZAMBIA (JJAAZ) PROGRAMME WHICH FUNDED BY UNIFEM THROUGH THE UNITED NATIONS TRUST FUND TO END VIOLENCE AGAINST WOMEN.

HE HAS POINTED OUT THAT ZAWJ REMAINS COMMITTED TO THE ADVANCEMENT OF HUMAN RIGHTS AND THE RULE OF LAW.

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SINGAPORE E-GOVERNANCE EXPERT KIM LENG TAN HAS NOTED THAT THERE IS NEED TO BUILD UP INFORMATION INFRASTRUCTURE TO SUPPORT THE PROCESS FOR ZAMBIA TO CONTINUE EASING THE COST OF DOING BUSINESS

A VISITING SINGAPORE E-GOVERNANCE EXPERT KIM LENG TAN HAS NOTED THAT THERE IS NEED TO BUILD UP INFORMATION INFRASTRUCTURE TO SUPPORT THE PROCESS FOR ZAMBIA TO CONTINUE EASING THE COST OF DOING BUSINESS.
SPEAKING AT A PRESS BRIEFING THIS MORNING MR. LENG TAN SAID THAT IN BUILDING UP INFORMATION INFRASTRUCTURE IS WHAT GOVERNMENT SHOULD TAKE INTO CONSIDERATION WITHOUT LEAVING THE ASPECT OF THE PROS AND CONS OF WHAT THE NEW AND OLD TECHNOLOGY CAN OFFER
MR. LENG TAN WHO IS FROM THE E-GOVERNANCE CENTRE POINTED OUT THAT THERE IS ALSO NEED TO CONTINUE INVESTING IN THE CITIZENS BY BUILDING CAPACITY SO THAT THEY ADAPT WELL TO THE REFORM PROGRAMMES AND IMPACT A MORE STRUCTURED PROCESS OF DOING BUSINESS IN THIS CHANGING WORLD.
THE E-GOVERNANCE EXPERT SAYS THERE IS NEED TO CREATE A CULTURE OF IMPROVING WORK, TIME AND RESOURCE ALLOCATION, AND HAVE NECESSARY TRAINING TO ATTAIN FULL CAPACITY.

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THE ZAMBIAN LABOUR MOVEMENT HAS PREDICTED TOUGH AND TIGHT TRIPARTITE ELECTIONS

THE LABOUR MOVEMENT IN THE COUNTRY HAS PREDICTED TOUGH AND TIGHT TRIPARTITE ELECTIONS WHICH WILL BRING A BALANCED PARLIAMENT IN THE NEXT SITTING AS NO POLITICAL PARTY HAS SUPPORT FROM ALL CORNERS OF THE COUNTRY.
ZAMBIA CONGRESS OF TRADE UNION GENERAL SECRETARY ROY MWABA SAYS THE RACE TO STATE HOUSE IS LIKELY TO SEE A TOUGH BATTLE BETWEEN THE RULING MMD PARTY AND THE PF BUT THERE COULD BE A SURPRISE UPSET FROM THEIR UPND COUNTERPARTS THAT HAVE STRONG BASE IN SOUTHERN PROVINCE.
MR. MWABA SAYS THE ROAD TO STATE HOUSE IS WIDE AND THIS IS CASTING DOUBT AND UNCERTAINTY ON THE OUTCOME BUT A POLITICAL PARTY WITH MEMBERS WHO WILL BE ISSUE BASED IN THEIR CAMPAIGNS ARE LIKELY TO RECEIVE MORE VOTES AS PEOPLE ARE TIRED OF MUDSLINGING AND BEING HOODWINKED ALL THE TIME.
HE SAYS THE LABOUR MOVEMENT IS KEEPING A WATCHFUL EYE ON WHAT IS CURRENTLY HAPPENING AND HOW POLITICIANS ARE ARTICULATING THEIR PARTY MANIFESTOS TO THE VOTERS EVEN THOUGH THE DOCUMENTS SEEM TO BE REPLICAS OF EACH OTHER
MR MWABA HAS POINTED OUT THAT ZCTU WILL REMAIN NON PARTISAN STATING THAT ITS MEMBERS WILL ONLY SIDE WITH POLITICIANS WHO HAVE THE INTEREST OF THE ZAMBIANS AND ARE ISSUE BASED IN THEIR CAMPAIGNS IN RELATION TO CREATING EMPLOYMENT.
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ZAMBIAN GOVERNMENT TOLD TO AVOID IMPOSING LAWS THAT DO NOT BENEFIT THE ZAMBIAN PEOPLE.

TRANSPARENCY INTERNATIONAL ZAMBIA (TIZ) PRESIDENT RUEBEN LIFUKA HAS URGED GOVERNMENT TO AVOID  IMPOSING LAWS THAT NOT BENEFIT THE ZAMBIAN PEOPLE.

REACTING TO CHIEF GOVERNMENT SPOKESPERSON LIEUTENANT GENERAL RONNIE SHIKAPWASHA’S DIRECTIVE THAT MEDIA HOUSES SHOULD NOT PLAY POLITICAL SONGS UNTIL THE CAMPAIGN PERIOD IS ANNOUNCED;MR  LIFUKA SAID IT IS WRONG TO STOP THE OPPOSITION WHEN THE RULING PARTY IS CAMPAIGNING.

HE HAS URGED GOVERNMENT TO LEVEL THE PLAYING FIELD AHEAD OF THIS YEAR`S GENERAL ELECTIONS AND NOT USE DRACONIAN LAWS TO PREVENT OTHERS FROM SELLING THEIR PARTIES WHEN MOST OF PRESIDENT RUPIAH BANDA’S STATEMENTS ARE A CLEAR INDICATION THAT HE IS ALREADY CAMPAIGNING.

AND MR. LIFUKA HAS OBSERVED THAT THE GOOD REPORT ON THE EXTRACTIVE INDUSTRIES TRANSPARENCY INITIATIVE WILL BE USELESS AND MEANINGLESS IF NO ACTION IS TAKEN OVER THE DISCREPANCIES WHICH WERE REPORTED AND WRITTEN IN THE REPORT.

HE POINTED OUT THAT THE EITI COUNCIL MUST PUT ITS FOOT DOWN OVER THE MATTER AND ENSURE THAT THE MINES EXPLAIN THOROUGHLY AS TO WHY THERE ARE SUCH DISCREPANCIES AND SHORTAGES IN PAYMENT.

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Zambia freezes Libyan investment‎

THE SEVENTY FIVE PERCENT SHARES OF LAPGREEN NETWORKS OF LIBYA IN THE ZAMBIA TELECOMMUNICATIONS COMPANY (ZAMTEL) HAVE BEEN FROZEN.
ZAMTEL MANAGING DIRECTOR HANS PAULSEN CONFIRMED THIS IN LUSAKA TODAY DURING A MEDIA BREAKFAST HELD AT PAMODZI HOTEL.
THE FREEZING OF THE LAPGREEN SHARES IN ZAMTEL IS IN LINE WITH THE UNITED NATIONS SECURITY COUNCIL RESOLUTION 1973 OF 2011, WHICH IMPOSES SANCTIONS ON LIBYA DUE TO THE POLITICAL CRISIS IN THE NORTH AFRICAN COUNTRY.
MR. PAULSEN SAYS WITH THE FREEZE, LAPGREEN NETWORKS CANNOT SALE ITS 75 PERCENT SHARES TO ANYBODY ELSE NOR CAN THE LIBYAN FIRM RECEIVE ANY DIVIDEND.
THE ZAMTEL MANAGING DIRECTOR SAYS THE ZAMBIAN GOVERNMENT TOGETHER WITH THE COMPANY’S BOARD WILL OVERSEE THE AFFAIRS AT THE FIRM.
MR. PAULSEN SAYS THE COMPANY’S OPERATIONS WILL CONTINUE TO RUN SMOOTHLY.
MEANWHILE MR. PAULSEN HAS REVEALED THAT ZAMTEL HAS MADE TREMENDOUS PROGRESS IN LAYING THE FIBRE OPTIC CABLE.
HE SAYS THE COMPANY IS REMAINING WITH 20 KILOMETERS WORKS TO THE SOUTH.
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ZAMBIAN UNITED STATES BASED ORTHODOX BISHOP EDWARD CHOMBA HAS OBSERVED THAT DECEPTIVE LEADERSHIP EMANATING FROM LEADERS HAS PUT THE COUNTRY IN THE SITUATION OF HIGH POVERTY LEVELS

ZAMBIAN UNITED STATES BASED ORTHODOX BISHOP EDWARD CHOMBA HAS OBSERVED THAT DECEPTIVE LEADERSHIP EMANATING FROM LEADERS HAS PUT THE COUNTRY IN THE SITUATION OF HIGH POVERTY LEVELS AS MOST OF THEM ARE VERY GREED.

SPEAKING ON RADIO PHOENIX’S LET THE PEOPLE TALK PROGRAMME BISHOP CHOMBA HAS ALSO STATED THAT CHANGE IS INEVITABLE AND PEOPLE SHOULD NOT BE NOSTALGIC ABOUT CHANGE IN THE COUNTRY BECAUSE BEEN STUCK IN THE SITUATION WILL NOT IMPROVE THE ECONOMY.

BISHOP CHOMBA HAS CHARGED THAT LACK OF VISION BY THE LEADERS HAS RESULTED IN THE COUNTRY NOT PROGRESSING ACCORDING BECAUSE EVEN THE MUCH TALKED ABOUT 6.3PERCENT ECONOMIC GROWTH IS NOTHING AS MOST PEOPLE ARE STILL SUFFERING LIVING WITH NOTHING IN THEIR HOMES.

AND BISHOP CHOMBA HAS FURTHER SUGGESTED THAT ZAMBIA SHOULD NOT BE A CHRISTIAN NATION BECAUSE IT HAS LOST THE VALUES OF CHRISTIANITY AS IT CAN BE SEEN FROM THE VIOLENCE ERUPTING FROM TIME TO TIME AND THE KILLING OF INNOCENT PEOPLE.

HE SAYS HE ZAMBIA BECOMES A CHRISTIAN NATION IT WILL CEASE TO BE A DEMOCRACY BUT WILL INSTEAD BECOME A THEOCRACY WERE CHRISTIANS VALUES ARE EMBRACED AND PEOPLE LIVE EQUALLY BASED OF THE TEACHING AND PRINCIPLE OF THE BIBLE.

MEANWHILE SECOND REPUBLICAN PRESIDENT DR FREDRICK CHILUBA HAS CHARGED THAT BISHOP CHOMBA IS NOT THE RIGHT PERSON TO TALK ABOUT CHRISTIAN VALUES AND THE DECLARATION OF ZAMBIA AS A CHRISTIAN NATION.

SPEAKING THROUGH  HIS SPOKESPERSON EMMANUEL MWAMBA, DR CHILUBA SAYS BISHOP CHOMBA’S REMARKS ON THE DECLARATION OF ZAMBIA AS A CHRISTIAN NATION AND ON HIS CALLS FOR CHANGE SHOULD BE IGNORED BY ZAMBIANS BECAUSE HE WAS EX-COMMUNICATED IN 2007 BY ARCHBISHOP TIMOTHY PAUL BAYMON OF THE USA.

HE HAS FURTHER CHARGED THAT THE CHURCH SHOULD  NOT ALLOW INDIVIDUALS SUCH AS MR. CHOMBA TO MASQUERADE AS MEMBERS OF THE CLERGY IN ZAMBIA.

AND  THE CHRISTIAN COALITION  HAS EXPRESSED DISAPPOINTMENT AT THE SENTIMENTS OF THE  BISHOP BY STATING THE ZAMBIANS MUST NOT ALLOW SUCH A SITUATION.

SPEAKING IN AN INTERVIEW WITH RADIO PHOENIX CHRISTIAN COALITION OF ZAMBIA PRESIDENT BISHOP GODWIN MUSONDA WHO WAS FLANKED BY CORNERSTONE WORSHIP CLERGY CHOMBELA HAS POINTED OUT THAT PEOPLE LIKE BISHOP CHOMBA MUST NOT BE ALLOWED TO EVEN TALK ABOUT ZAMBIA’S DECLARATION AS A CHRISTIAN NATION BECAUSE THEY SEEM NOT TO UNDERSTAND THE MATTER.

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THE ZAMBIA NATIONAL FARMERS UNION HAS ADVISED THE PRIVATE SECTOR TO TAKE ADVANTAGE OF THE COUNTRY’S B-PLUS RATING BY EXPLORING EXTERNAL BORROWING AT LOWER COSTS

THE ZAMBIA NATIONAL FARMERS UNION HAS ADVISED THE PRIVATE SECTOR TO TAKE ADVANTAGE OF THE COUNTRY’S B-PLUS RATING BY EXPLORING EXTERNAL BORROWING AT LOWER COSTS WHICH WILL CREATE AN IMPETUS FOR DOMESTIC LENDING INSTITUTIONS TO REDUCE DOMESTIC INTEREST RATES.

ACCORDING TO A PRESS STATEMENT MADE AVAILABLE TO RADIO PHOENIX TODAY ZNFU PRESIDENT JARVIS ZIMBA HAS NOTED THAT COUNTRIES THAT ARE NOT RATED ARE OFTEN DEEMED RISKIER THAN THOSE WITH A CREDIT RATING WHICH LEADS TO HIGHER INTEREST RATES ON LOANS AND OTHER DEBT INSTRUMENTS OBTAINED EXTERNALLY.

MR. ZIMBA ADDS THAT IN SUCH A SITUATION, INVESTORS INTENDING TO LEND MONEY TO GOVERNMENT OR THE PRIVATE SECTOR REGULARLY USE CREDIT RATING TO EVALUATE WHETHER THE MONEY OWED TO THEM CAN BE REPAID WITHIN THE SCHEDULED OR SPECIFIC PERIOD.

HE HAS STRESSED THAT OBTAINING THE CREDIT RATING WILL HELP REDUCE THE COUNTRY’S BORROWING COSTS ON FUNDS MUCH NEEDED FOR INFRASTRUCTURE DEVELOPMENT AND THE PRIVATE SECTOR ALSO STANDS TO GAIN BECAUSE THE RATING WOULD PROVIDE THEM WITH THE OPPORTUNITY TO ACCESS LONG TERM FINANCE AT REDUCED COST.

MR. ZIMBA HAS POINTED OUT THAT THE RATING PITS ZAMBIA AS ONE OF THE LESS RISKY INVESTMENT DESTINATION AND PUTS THE COUNTRY IN GOOD STANDING WITH INSTITUTIONAL INVESTORS WHICH BROADENS ZAMBIA’S CAPABILITY TO ACCESS GLOBAL CAPITAL MARKETS.

THE UNION HAS URGED THE GOVERNMENT TO CONTINUE TO IMPROVE ON PUBLIC POLICY MANAGEMENT SO THAT A CONDUCIVE ENVIRONMENT FOR DOING BUSINESS CONTINUES TO IMPROVE TO PRESERVED THE CURRENT RATING AND ATTAIN AN UPPER BAND CREDIT RATING SUCH AS TRIPPLE A.

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ZAMBIA'S COPPERBELT ENERGY CORPORATION PLANS TO INVEST OVER $ 900 MILLION IN NEW PROJECTS BY 2018 TO MEET RISING MINING SECTOR DEMAND

ZAMBIA'S COPPERBELT ENERGY CORPORATION PLANS TO INVEST OVER $ 900 MILLION IN NEW PROJECTS BY 2018 TO MEET RISING MINING SECTOR DEMAND.
COPPERBELT ENERGY CORPORATION SPOKESWOMAN CHAMA KALIMA SAID THAT CEC PLANS TO DEVELOP FIVE NEW HYDRO SITES IN NORTHERN ZAMBIA, WITH A COMBINED POTENTIAL TO PRODUCE 800 MW ADDING THAT "THESE WOULD BE DEVELOPED IN SEQUENCE, WITH THE FIRST TWO SITES ALONE ARE ESTIMATED TO COST $ 800 MILLION."
ACCORDING TO THE INFORMATION OBTAINED BY RADIO PHOENIX MS KALIMA SAID THAT AN ASSOCIATED TRANSMISSION LINE TO CONNECT NORTHERN ZAMBIA TO THE COPPERBELT REGION THROUGH THE DEMOCRATIC REPUBLIC OF CONGO IS ESTIMATED TO COST $ 100 MILLION AND THE PROJECTS ARE SUBJECT TO MULTIPLE APPROVALS BECAUSE THEY INVOLVE TWO COUNTRIES.

SHE ADDED THAT "COMMISSIONING IS EXPECTED IN 2018, SHOULD ALL NECESSARY REQUIREMENTS AND APPROVALS BE COMPLIED WITH WITHIN THE PLANNED PERIOD AND CEC WILL INVITE OTHER INVESTORS TO HELP DEVELOP THE PROJECTS BUT WILL WORK ALONE IN THE INITIAL STAGES AND THE FIVE PROJECTS WOULD BENEFIT FROM ZAMBIA'S INTRODUCTION OF TAX BREAKS FOR NEW POWER PROJECTS.
MS KALIMA ADDED THAT CEC HAS ALSO MADE SIGNIFICANT PROGRESS IN DEVELOPING THE 40 MW KABOMPO HYDRO POWER PROJECT IN NORTH WESTERN ZAMBIA, EXPECTED TO BE COMMISSIONED IN 2015 AT A COST OF $ 170 MILLION.
SHE SAID THAT MINERS' DEMAND FOR POWER IN ZAMBIA WAS RISING FAST, WITH CEC'S SALES UP BY 8% TO 470 MW IN 2010 FROM 436 MW IN 2009 AND CEC NEEDED TO BOOST ITS OUTPUT AFTER HAVING SIGNED NEW SUPPLY AGREEMENTS WITH MINING COMPANIES BUILDING NEW PROJECTS AND EXPANDING EXISTING MINES.
FOREIGN MINING COMPANIES OPERATING IN ZAMBIA INCLUDE CANADA'S FIRST QUANTUM MINERALS; LONDON LISTED VEDANTA RESOURCES, GLENCORE INTERNATIONAL OF SWITZERLAND AND METOREX OF SOUTH AFRICA.

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STANDARD CHARTERED BANK, ZAMBIA’S LEADING LENDER HAS ARRANGED MORE THAN USD 2 BILLION TO FINANCE VARIOUS PROJECTS IN THE MINING SECTOR DURING THE NEXT 5 YEARS

STANDARD CHARTERED BANK, ZAMBIA’S LEADING LENDER HAS ARRANGED MORE THAN USD 2 BILLION TO FINANCE VARIOUS PROJECTS IN THE MINING SECTOR DURING THE NEXT 5 YEARS AS PART OF THE DEVELOPMENT PROGRAM FOR THE INDUSTRY, THE COUNTRY'S MAINSTAY.
THE FINANCING, ARRANGED IN LOANS AND OTHER FINANCIAL SERVICES IS INTENDED TO FINANCE CAPITAL EXPENDITURE, PROJECTS AND PROVIDE WORKING CAPITAL FOR MINING OPERATIONS AS WELL AS PROVIDE RECEIVABLE SERVICES TO ASSIST THE GROWTH THE SECTOR THE COUNTRIES MAIN ECONOMIC MAINSTAY.
HEAD OF ORIGINATION AND CLIENT COVERAGE ROBIN BAIRSTOW SAID THAT THE FINANCING ARRANGED WILL BE PROVIDED IN FORM OF LOANS AND OTHER FINANCIAL SERVICES IN WHICH THE MINING COMPANIES ARE EXPECTED TO UNDERTAKE VARIOUS PROJECTS AND THE BANK ALSO PROVIDES BANKING SERVICES TO THE MINING SUPPORT INDUSTRIES THAT INCLUDE CREDIT FACILITIES TO FINANCE CAPITAL EXPENDITURE, PROJECTS AND WORKING CAPITAL FOR THEIR OPERATIONS, AS WELL AS RECEIVABLE SERVICES.
MR. BAIRSTOW SAID THAT OTHER SERVICES UNDER CONSIDERATION INCLUDE INFRASTRUCTURE DEVELOPMENT INITIATIVES ON THE CARDS THAT INCLUDE UPGRADING OF RAIL SYSTEM AND ROADS INCLUDING HOUSING DEVELOPMENT AND HYDRO POWER GENERATION PROJECTS AND ENHANCING ECONOMIC ZONES UNDER CONSTRUCTION.

STANDARD CHARTERED ZAMBIA FACILITATES EMPLOYMENT GENERATION GIVEN NEW OPPORTUNITIES DRIVEN BY INVESTMENTS IN THE MINING AND SUPPORT SECTORS WHICH WILL RESULT IN INCREASED DEMAND FOR GOODS AND SERVICES, GIVEN THE OVERALL IMPROVEMENT ECONOMY OF THE COPPERBELT AND NORTH WESTERN PROVINCES OF ZAMBIA.
MR. BAIRSTOW SAID THAT STANDARD CHARTERED ENVISAGES PLAYING AN IMPORTANT ROLE IN THE GROWTH OF THE MINING SECTOR, CONSIDERING THE SEEMINGLY POTENTIAL THAT THE SECTOR HAS SHOWN.

THE LENDER IS ALSO PLAYING A LEADING ROLE IN PROVIDING RISK MANAGEMENT SOLUTIONS THAT INCLUDE COMMODITY AND FOREIGN EXCHANGE HEDGING AND CASH MANAGEMENT SOLUTIONS LIKE TREASURY SERVICES WHICH INCLUDE LOCAL AND CROSS BORDER PAYMENTS.
THE BANK, ONE OF THE MAJOR BANKS WITH A LARGE ASSET PORTFOLIO IN THE COUNTRY ALSO PROVIDES LOANS FOR PROJECTS AND CAPITAL EXPENDITURE TO ITS CUSTOMERS AND THE PROGRAM IS MAINLY UNDERTAKEN TO FUND EXITING AND NEW PROJECTS FOR FUTURE GROWTH ASSET BACKED FINANCING TO FINANCE ACQUISITION OF EQUIPMENT TO INCREASE PRODUCTION CAPACITY AND TRADE FINANCE FOR WORKING CAPITAL FINANCE INCLUDING IMPORT AND EXPORT FINANCING.
IT ALSO PROVIDE ELECTRONIC BANKING WHICH ENABLES CLIENTS INITIATE LOCAL AND CROSS BORDER SUPPLIER AND SALARY PAYMENTS, AUTOMATING BANK RECONCILIATIONS, INITIATING LETTERS OF CREDIT TRANSACTIONS AND TREASURY SERVICES IN ADDITION TO CORPORATE ADVISORY SERVICES.
THE STANDARD CHARTERED BANK IS WELL POSITIONED TO PLAY A VITAL ROLE BY PARTICIPATING IN SOME OF THE INFRASTRUCTURE DEVELOPMENT INITIATIVES IN THE OFFING INCLUDING PROVISION OF CORPORATE ADVISORY SERVICES TO WOULD BE SPONSORS OF SOME OF THE PROJECTS IN RAISING CAPITAL.
ADDITIONALLY, AS BUSINESSES EXPAND, DEMAND FOR BANKING SERVICES WILL INCREASE AND ADDITIONAL MANPOWER WOULD BE RECRUITED BY THE BANK.

THE BANK WILL CONTINUE WITH ITS CORPORATE SOCIAL RESPONSIBILITY INITIATIVES TO ASSIST THE COMMUNITY IN THE AREAS OF HEALTH, EDUCATION, YOUTH EMPOWERMENT AND THE ENVIRONMENT

published by augustine