British Petroleum (BP) has announced that it will sell its businesses in Zambia. Sam Mupanemunda of the BP press Office has told the Watchdog that this follows a strategic review by BP into its refining and marketing businesses in southern Africa which showed the company should focus on those countries which offered the greatest synergies with [...]

Prominent Zambian lawyer Elias Chipimo Junior will tomorrow Tuesday launch a political party. Chipimo has comfirmed to the Watchdog in a phone interview that the party will be launched at Mulungushi International conference centre in Lusaka. He could not immediately divulge the details but explained that a website containing the details of his party will be online anytime [...]

Credit Suisse, one of the shareholders in Finance bank has reportedly bought out Rajan Mahtani’ shares, thereby gaining control of the bank. Mahtani, who is being investigated by law enforcement agencies for various possible crimes including money laundering owns shares through Finsbury. Before this reported buying out, Credit Suisse had a 40 per cent stake in the bank. Mahtani [...]

Those who do violence against women, must be brought to justice We, the undersigned feminists and concerned South Africans, members of the ARE WOMEN HUMAN STUDY GROUP, wish to express our outrage at the recent public threats by MMD (Movement for Multi-Party Democracy) Youth Chairman Chris Chalwe to gang rape FDD [Forum for Democracy and Development [...]

Rajan Mahtani has been removed as executive chairman of Finance bank, the Watchdog has been imformed. The bank has instead appointed Jacob Mwanza, the former central bank governor to replace Mahtani. Sources have explained that this was done to forestall comfidence in clients who have started withdrawing their deposits. Tomorrow Sunday, the bank will hold a press [...]

The Drug Enforcement Commission (DEC) has arrested  Zaida Essa, the lawyer for Finance bank owner Rajan Mahtani. The Watchdog has been reliably infomed that Miss Zaida Essa was arrested yesterday (Monday) evenning. She was, according to sources, detained at Woodlands police station and it would seem spent the night there. It was not yet clear by time of [...]

Drug Enforcement Commission officers last Friday interrogated Zaida Essa, the lawyer for Finance bank owner Rajan Mahtani. Sources told the Watchdog that this was about allegations that she fraudulently altered shares in Zambezi Portland cement and Radison hotel. The fraudulent changes in shares is said to be in favour of Rajan Mahtani. The complaint to DEC [...]

By Ernest Mwape Police in Mpika are holding two brothers in connection with the killing of their father over his wealth. Police source confirmed the detention of Mali Mweemba 26 and his younger brother Choongo Mweemba 23 over allegations of  murdering their father Raphael Mweemba, a farmer of Chipunduu area in Mpika. Police source said Mweemba was ambushed [...]

After being bullied into coming up with a self regulation mechanism by government, Zambian journalists have almost completed the process and have submitted their position paper on self regulation. Press Association of Zambia (PAZA) vice president Amos Chanda has indicated that the Zambian system will follow the South African model. The South African press code does not [...]