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Country on Auto pilot: One Dollar now fetching K5, 339

  Just about six months in the PF regime which promised to improve the economy, the local currency has depreciated to alarming levels. According to the latest statistics by the Bank of Zambia released on Friday, March 23, 2012 one US dollar is costing between K5, 319 and K5, 339 while a Euro is now [...]

Opposition United Party for National Development (UPND) has refuted a post newspaper story suggesting that the party members have been rejoicing the purported illness of Republican president Michael Sata who left for India yesterday for a private visit. Speaking in an interview with Qfm news, UPND acting deputy spokesperson Martha Mushipe said her party will [...]

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Trafigura Beheer BV, Glencore International PLC GLNCY +1.85% , and International Petroleum Group of Kuwait are among 50 foreign companies bidding to supply Zambia with petroleum products and crude oil, according to Zambian Public Procurement Authority Friday. Zambia has sought expressions of interest to supply 1.4 million metric tons of commingled feedstock, 216 million litres [...]

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Must we remind the government that in November 2011 in two separate occasions the thenMinister of information, Broadcasting and Tourism Minister Given Lubinda said that Government in collaboration with other stakeholders will manage to put in place a Freedom of Information (FOI) Bill within next six months. Mr Lubinda said Government and the media houses in Zambia were working together on establishing media legislation especially the FOI regarding the operations of the media in the country. This was when he was speaking to students from Sweden and later he said the same thing when he was speaking during a conference on freedom of information, which was organized by World Bank Zambia.

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