Business

KWACHA RACING TOWARDS K19 PSYCHOLOGICAL BARRIER AGAINST USD

By Merlyn Mwanza The depreciation streak of the Kwacha is showing no signs of stopping against major convertible currencies, with the local currency steadily racing towards the K19 to US$1…

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CDF COMMITTEE TERMINATES CONTRACT AWARDED TO LOCAL CONTRACTOR

By Isaac Zulu in Kapiri Mposhi The Kapiri Mposhi Constituency Development Fund (CDF) committee has resolved to terminate the contract awarded to Chrimer Construction Company, a local contractor, engaged to…

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KAPIRI COUNCIL DESTROYS OVER 500 KGs OF MEAT

By Isaac Zulu in Kapiri Mposhi Kapiri Mposhi Town Council has destroyed over 500 Kilograms of assorted rotten meat seized from local butcheries. The meat including beef and pork which,…

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LUNGU’S GOVT ARGUED THAT “AS A RESPONSIBLE GOVT IT WOULD BE IMPERATIVE TO CONTINUE SUBSIDISING CONSUMERS” – CHITALA

By Merlyn Mwanza Dr Mbita Chitala says the government of former president Edgar Lungu recognised that cost reflective tariffs would take some time to be attained in Zambia, and that…

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SIMON MITI PERSUADED LUNGU TO FIRE ME, SAYS DR CHITALA … because I was making the work of micromanaging Zesco difficult

By Patson Chilemba Simon Miti persuaded former president Edgar Lungu to fire me because I was making the work of micro managing Zesco by bureaucrats very difficult, says Dr Mbita…

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CHITALA SAYS LUNGU TOLD HIM AGAINST PROCEEDING ON $392 MILLION HUAWEI DEAL … as it was more scandalous than the purchase of 42 fire tenders

By Staff Reporter Dr Mbita Chitala has suggested that Former president Edgar Lungu was aware about the scandalous purchase of 42 fire tenders at US$1 million each, when he forewarned…

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I BLOCKED ATTEMPTS TO USE ZESCO AS SOURCE OF ILLICIT FUNDS TO IDC, SAYS MBITA CHITALA

By Patson Chilemba Former Zesco board chairman Dr Mbita Chitala says he refused to have Zesco used as a source of illicit funds from a public enterprise to pay for…

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ZAMBIANS SHOULD NOT FEAR PRIVATISING ZESCO – MAGANDE

By Patson Chilemba Zambians should not fear to privatise Zesco, says former Finance minister Ng’andu Magande. Speaking with Daily Revelation, Magande said the restructuring of Zesco into three main components…

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DON’T INCREASE ELECTRICITY TARIFFS, ADDRESS ZESCO INEFFICIENCY FIRST, SICHINGA URGES GOVT

By Staff Reporter Former Commerce minister Bob Sichinga says he wonders why the UPND administration is intent on increasing electricity tariffs without first addressing the inefficiency of power utility company…

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OUR PRESIDENTS ARE “CON-PRESIDENTS-IN-CHIEF”, CHARGES PROF MBOLELA

By Patson Chilemba You can’t say fuel increase under Edgar Lungu hurt the poor, but fuel increase by me will benefit the poor, says adjunct Professor of Money, Banking and…

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