Finance bank sold to FirstRand of South Africa
JOHANNESBURG (Reuters) – South Africa’s FirstRand has agreed to pay $5.4 million for Zambia’s Finance Bank, the central bank said on Monday, giving South Africa’s second-largest lender a big boost in the continent’s top copper producer. The central bank seized Finance Bank from its shareholders in 2010 for for violating the law through unsound practices, including [...]
Serious divisions have emerged in the Media Institute of Southern Africa (MISA) Zambia chapter National Governing Council (NGC) following a U-turn by Chairperson Daniel Sikazwe, who has decided to dedicate his energy defending the alleged incompetence of National Director Sipo Kapumba. Well-placed sources have said Sikazwe has aligned himself to Kapumba in exchange for financial [...]
Continue reading …Ballot papers for nine local government wards and one parliamentary constituency are being reprinted in Durban. This was after the Electoral Commission of Zambia- ECZ discovered mistakes on the ballots for the affected wards and the constituency. ECZ Public Relations Manager Chris Akufuna says most of the wards had missing candidates while other wards had [...]
Continue reading …Vehicle allegedly used in UPND campaigns identified as judiciary property
September 12, 2011 45 CommentsA government vehicle that is alleged to be ferrying United Party for National Development (UPND) has been identified as belonging to the Judiciary of Zambia. Two weeks ago, Patriotic Front (PF) Secretary General Wynter Kabimba accused UPND of combining forces with the ruling Movement for Multi-party Democracy (MMD) have access to public vehicles to use [...]
Continue reading …Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) President Cephas Mukuka has appealed to the next Government to ensure it presents a national budget that will adequately fund key sectors such as education and health. According to hot FM, Mukuka said that the 2012 budget must be pro-poor as it one way to fight [...]
Continue reading …National Restoration Party (NAREP) President Elias Chipimo says his position on homosexuality and gay rights is clear and he has no reason to support such acts. In an interview with the watchdog, Chipimo said his stance on same sex relationships can never change as his party is concerned with the well being of the Zambian [...]
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PATRIOTIC Front president Michael Sata has told a South Africa television crew doing a special production on his presidential bid that the broad tax reform his party will implement immediately it takes power after the September 20 poll will directly benefit both the poor and corporations. “The common man will feel the positive impact of [...]
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“We have no time to think about Mr Sata and his illness or whatever is troubling him because we are busy planning what we can and will do for the nation,” Ms Siliya said.
Ms Siliya said Mr Sata has failed to show Zambians that he can be trusted and has, therefore, resorted to making allegations.
“If he has no issues to discuss, then he should leave the campaigns for more serious people who want to help the people,” Ms Siliya said.
She said opinion polls have shown who the people would rather vote for, and this has made him jittery.
Former Kafulafuta Member of Parliament (MP) George Mpombo says its President Rupiah Banda and the Movement for Multi-party Democracy (MMD) that are to blame for the political violence in the country. Speaking in Lusaka, Mpombo said it is sad to see President Banda failing to condemn MMD Lusaka Province Chairperson William Banda and party cadres [...]
Continue reading …People’s Pact Forum Interim President Colonel Panji Kaunda has charged that the September 20 elections will not be free and fair. Kaunda told Hot FM that the polls might be free but certainly not fair as the playing field is not leveled because the Movement for Multi-party Democracy (MMD) has monies at its disposal. He [...]
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