Government And UNDP Signs Two Agreements Worthy $20 Million Towards The Implementation Of Programmes To Mitigate Gender Based Violence And The Promotion Of Human Rights.

Government And The United Nations Development Programme (UNDP) Have Signed Two Agreements Worthy $20 Million ,Approximately 100 Billion Kwacha Towards The Implementation Of Programmes To Mitigate Gender Based Violence And The Promotion Of Human Rights.

Zambian woman drug peddler gets 30-year jail term reports business standard

A special NDPS court today convicted a Zambian national and handed her down 30 years of rigorous imprisonment for attempting to smuggle drugs from Mumbai to South Africa.

opposition advised govn't against bowing to pressure which the IMF is allegedly exerting on it to abolish agricultural subsidies

The opposition UPND and MMD have advised government against bowing to pressure which the International Monetary Fund (IMF) is allegedly exerting on it to abolish agricultural subsidies.

B.O.Z maintains policy rate at 9percent

The bank of Zambia (BOZ) has maintained the central banks monetary policy rate at 9.0percent.

Gov't tells CCPC to intensify its sensitisation exercise of consumer policy

Government Has Implored The Consumer And Competition Protection Commission (Ccpc) To Intensify The Sensitization Process Of The Consumer And Protection Rights And Policy Which Has Been In Existence For A Long Time.

Opposition MMD Expels its mufumbwe member of parliament for gross misconduct

Opposition MMD has with immediate effect expelled party mufumbwe member of parliament Stephen masumba after a critical examination of his case.

consumer unity trust urges gov't to make trade a drive

The Consumer Unity Trust Society International Zambia Has Urged The Government To Make Trade The Development Drive.

ZICTA embarks on development and implementation of a comprehensive national addressing system in zambia

The Zambia Information And Communications Technology Authority (Zicta) Has Embarked On The Development And Implementation Of A Comprehensive National Addressing System In Zambia Called The National Addressing And Postcode Project.

ZICTA embarks on development and implementation of a comprehensive national addressing system in zambia

The Zambia Information And Communications Technology Authority (Zicta) Has Embarked On The Development And Implementation Of A Comprehensive National Addressing System In Zambia Called The National Addressing And Postcode Project.

ACC arrests former standard quality inspector at the fra for theft involving 3.7m

The Anti-Corruption Commission Has Arrested A Former Standard Quality Inspector At The Food Reserve Agency For Theft Involving 3.7 Million Kwacha.

3 foreign investors express interest in mulungushi textiles

Three foreign investors have expressed interest in investing in the Zambia-china mulungushi textiles based in central province’s capital kabwe town.

Sondashi formula ready for clinical tests on humans

SOUTH Africa’s Council for Scientific and Industrial Research (CSIR) says laboratory tests on the Sondashi anti-HIV/AIDS herb has shown anti-HIV activity and is now ready for clinical tests on humans.

EU commits 400billion kwacha for the zambian health sector

The European Union (EU) has committed 400 kwacha billion to Zambia’s health sector.

Brothers for Life Zambia’ to air new round of television and radio public service announcements

Brothers for Life’, a mass-media HIV prevention campaign targeting Zambian males, will soon broadcast a new round of public service announcements to reach men and boys with information on HIV prevention and ending gender-based violence.

Stop distorting facts over appointment of mmd deputy ministers, president sata tell dr mumba

President Micheal sata says the attacks by opposition MMD president Dr Nevers mumba that appointing of some of his party members of parliament as deputy ministers is like obliterating the opposition in the country as deliberate distortion of facts.

Northern province PS directs provincial medical officer to suspend operations of marie stopes international for conducting illegal abortions.

Northern Province Permanent Secretary, Emmanuel Mwamba Has Directed The Provincial Medical Officer (Pmo), Dr. Jelita Chinyonga, To Immediately Suspend The Operations Of A Non-Governmental Organisation Marie Stopes Zambia International For Conducting Illegal Abortions In Muchinga And Northern Provinces.

gov't scales up livestock programmes and sets aside 5billion kwacha for kalungwishi state ranch in northern province.

Agriculture Permanent Secretary, Dr. David Shamulenge has said that government is scaling up livestock programs in a quest to diversify farming activities in the country.

tanzania suspected criminal burnt to ashes

A  Tanzanian suspected criminal has been
burnt to  ashes by an angry mob from Tanzania.

IMF foresees Zambia's inflation by the end of 2012 7.7 percent.

THE INTERNATIONAL MONETARY FUND (IMF) says Zambia’s Gross Domestic Product (GDP) is projected to rise by 7.7 percent, reflecting strong growth in copper production and non-maize agriculture, and an expansionary fiscal policy in 2012.

The IMF says the inflation is projected to remain close to its current level of around 6 percent in 2012 more especially that the 2012 budget targets a deficit of 4.1 percent of GDP and a significant increase in investment.

It notes that more than half of budget financing is expected to come from a US$500 million sovereign bond issue, and net domestic financing is targeted to remain low at about 1 percent of GDP.

Meanwhile the IMF Executive Directors has commended the Zambian government for the sound macroeconomic management and welcomed Zambia’s strong economic performance in recent years.

The Directors have noted that while the outlook for the economy is favorable, it is subject to risks arising from volatility of copper prices and delays in implementing measures needed to meet the 2012 budget deficit target.

The directors have advised that to safeguard macroeconomic stability and to make growth more inclusive, there is need for continued commitment to strong policies and implementation of structural reforms.

They have agreed that fiscal policy should aim at prioritizing growth enhancing expenditures and mobilizing revenues to create the space needed to achieve the fiscal objectives.

The IMF directors have emphasized the importance of implementing reforms to maize marketing and pricing, fertilizer subsidies, and public sector pension funds.

They have said that these measures should help restore fiscal sustainability and correct market distortions that have created overdependence on maize production.

The Directors have noted that revenue enhancing measures, including strengthening tax administration and reducing subsidies and incentives will also be critical for achieving the fiscal targets.

In addition the IMF directors have stated that the reinstatement of the automatic petroleum price adjustment mechanism and the implementation of the multiyear electricity tariff framework are needed to minimize fiscal risks associated with the current pricing below cost recovery.

They have underscored that public financial management reforms are essential to improve budgetary planning and execution and prioritizing spending.

The directors have welcomed the plan to complete the implementation of the Treasury Single Account and urged the authorities to continue to strengthen their investment and debt management capacity.

They have added that these measures would support the planned scaling up of infrastructure spending and increased use of non-concessional financing.

The Directors have also endorsed the plans to further enhance the monetary policy framework in support of a low inflation objective while remaining vigilant to inflationary pressures and tighten policy if needed.

Directors agreed that the introduction of the monetary policy rate, combined with use of a broad set of economic indicators to assess the monetary policy stance, should make monetary policy more flexible and forward looking and enhance liquidity management.

The Bank of Zambia (BOZ) recently changed its monetary policy framework from reserve money targeting to the use of a policy rate as the main monetary policy tool.

The Directors have noted that the flexible exchange rate regime has helped Zambia weather external shocks.

They have welcomed the authorities’ efforts to strengthen the financial sector and improve access to financial services.

They urged the authorities, however, to work closely with key stakeholders to minimize any risks to the financial sector stemming from the implementation of the new minimum capital requirement for commercial banks and the redenomination of the local currency

ZFE writes minister of labour fackson Shamenda requesting him to revise the minimum wage downwards

The Zambia federation of employers (ZFE) has written to the minister of labour fackson Shamenda requesting him to revise the minimum wage downward and not leave the matter in its current state stating that it is a stumbling block to economic and job growth.

80 foreign firms confirm participation at this year's agriculture and commercial show society of zambia

80 Foreign Companies From 18 Countries Are Expected To Participate And Exhibit At This Year’s Agriculture And Commercial Show Society Of Zambia.

NGOCC tasks new au commission to tackle daily issues affecting african such as conflicts

The Non-Governmental Organization Coordinating Council (Ngocc) Has Tasked The New Chairperson For The African Union Commission Nkosazana Dlamini-Zuma To Tackle Issues Such As Poverty, Education, Health And Good Governance During Her Term To Show That Women Can Perform If Given A Chance.

ACC investigates 150billion kwacha mbala-nakonde road project fraud

The Anti-Corruption Commission (Acc) Is Investigating A Case Of Fraud And Theft Of 150 Billion Kwacha Relating To The Mbala-Nakonde Road.

Gov't appoints NATSAVE board of directors

Government has appointed national savings and credit bank (NATSAVE) board of directors’ and appointed Dr chiselebwe n’gandu as board chairperson.