By Nawa Mutumweno – The Zambian government and China Jiangxi Corporation for International Economic and Technical Cooperation have concluded negotiations for the expansion of the Kenneth Kaunda International Airport (KKIA) at a cost of $385 million. According to information obtained from National Airports Corporation (NAC), the terminal building, which is expected to be completed in four years, will have a capacity of four million passenger s per year. The works are expected to create 3 000 jobs. ‘’The long-awaited project to upgrade KK International Airport has finally come to fruition. This follows the conclusion of negotiations with the successful bidder,... Continue Reading
Publish Date: Wednesday, August 14th 2013 |
BY Nawa Mutumweno – The Ministry of Finance has commenced preparations for the 2014 national budget and the 2014 – 16 medium-term expenditure framework (MTEF). Although steady progress has been made, the ministry has invited members of the public to submit proposals for tax and non-tax revenue policy for the 2014 budget. According to a statement issued by the ministry’s public relations officer Chileshe Kandeta, the consultation period, ending July 31, 2013, has been set to ensure that all citizens and other interest groups participate in the formulation of the 2014 budget and the 2014 – 16 medium term expenditure... Continue Reading
Publish Date: Monday, July 29th 2013 |
BY Nawa Mutumweno – The Ministry of Finance has commenced preparations for the 2014 national budget and the 2014 – 16 medium-term expenditure framework (MTEF). Although steady progress has been made, the ministry has invited members of the public to submit proposals for tax and non-tax revenue policy for the 2014 budget. According to a statement issued by the ministry’s public relations officer Chileshe Kandeta, the consultation period, ending July 31, 2013, has been set to ensure that all citizens and other interest groups participate in the formulation of the 2014 budget and the 2014 – 16 medium term expenditure... Continue Reading
Publish Date: Monday, July 29th 2013 |
By Nawa Mutumweno – Konkola Copper Mines (KCM) has invested $2.7 billion in the Zambian economy on new projects and upgrading and modernising existing mines since London-listed FTSE 100 Vedanta Resources Plc took over the assets about 10 years ago. Several new projects have been completed through this investment, which constitutes the largest single foreign direct investment (FDI) in the mining sector in the country, company CEO Jeyakumar Janakaraj has disclosed. The new projects and major rehabilitation to existing assets have added impetus to job creation, with the number of employees rising to 20 000 at present from 13 800... Continue Reading
Publish Date: Tuesday, June 18th 2013 |
By Nawa Mutumweno – Whereas it is a naked truth that mining has numerous negative factors such as environmental concerns, it is imperative to shine a torch on some positive strides the top sector has taken on the country’s economic trail. Environment The mining industry fully understands the importance of a clean pollution-free environment, especially now that we have the challenges of climate change. The industry is cognisant of the nature of industry – large scale mining could have positive and negative environmental impacts on the local and wider level, hence the numerous measures that members of the Chamber of... Continue Reading
Publish Date: Tuesday, June 18th 2013 |
