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Swap debt for equity in mines – CTPD
8 mai, par Website EditorNKOMBO KACHEMBA Lusaka CENTRE for Trade Policy and Development (CTPD) has urged Government to imploy the debt-equity swap mechanism in resolving its debt crisis. Zambia’s external debt was estimated at US$14.6 billion in 2023, while domestic debt stood at US$1.9 billion. According CTPD, debt (...) -
Investment in education critical to addressing poverty
8 mai, par Website EditorWITHIN three months of being elected into office, UPND announced it would introduce free education from primary to secondary school. And, in keeping with that promise, the new government introduced free education in January 2022. Aimed at ensuring that all children, regardless of their (...) -
Chitotela loses case against bailiffs
8 mai, par Website EditorCHOMBA MUSIKA Lusaka ECONOMIC and Financial Crimes Court (EFCC) has dismissed former Minister of Tourism Ronald Chitotela’s application to set aside an order which allowed bailiffs to pounce on his property in order to recover debt. The court dismissed the plea on grounds that the politician (...) -
Flirting PF members get ultimatum
7 mai, par Website EditorMARY LEMBA Ndola PATRIOTIC Front (PF) president Miles Sampa has given a 48-hour ultimatum to party members who have allegedly been offered positions in United Kwacha Alliance (UKA) to pick a side before action is taken against them. Mr Sampa said his office has received reports that there are (...) -
Mine suppliers buoyant
7 mai, par Website EditorMARY LEMBA Ndola MINE Suppliers and Contractors Association of Zambia (MSCAZ) president Costa Mwaba says they are expecting a sharp turn-around in this year’s second quarter after the recent liquidation of debt by Mopani Copper Mines (MCM). Mr Mwaba said there will be significant progress by (...)