By Nawa Mutumweno – Indian foreign direct investment (FDI) to Zambia has surpassed $3 billion covering various sectors of country’s growing economy. According to Justice minister Wynter Kabimba, Zambia’s exports to India has continued to grow in view of the country’s favourable economic climate. India’s investments in Zambia encompass mining, banking, agriculture, information technology and infrastructure, etc. Zambia’s exports to India increased from $51.4 million in 2009 to $102.67 million in 2010 while India’s exports to the southern African country stood at $131 million in 2009 compared to $88.34 in 2010. ‘’As Government, we take note of the contribution that... Continue Reading
Publish Date: Sunday, November 18th 2012 |
By Nawa Mutumweno – The Engineering Institute of Zambia (EIZ) has launched an infrastructure report card (IRC) framework which seeks to assess and inform stakeholders on the general state of infrastructure in the country. This intervention is meant to reverse the declining investment trend in public infrastructure. It will provide an assessment of condition of primary asset categories of infrastructure – agriculture, roads and bridges, water, sanitation and solid waste, electricity and fuel infrastructure. Further it will assess the conditions of education and health infrastructure, information and communication technology, airports, railways and water transport. Speaking at the launch in Lusaka... Continue Reading
Publish Date: Sunday, November 18th 2012 |
LUSAKA, September 2012 (IRIN) – The euphoria that greeted the government’s imposition of minimum wage increases has quickly soured, with prices of food and other essential commodities escalating as higher wage costs are passed onto consumers. In July 2012, President Michael Sata’s government upped the minimum monthly salary in line with the 2011 election promise of “more money in the pocket” for poorly paid workers. Wages for domestic workers increased from US$30 to about $105, while general workers such as office orderlies, shop assistants, sweepers and farmworkers saw their monthly earnings more than quadruple from $50 to $220. In the... Continue Reading
Publish Date: Sunday, September 30th 2012 |
By Nawa Mutumweno – Zambia’s telecom parastatal, ZAMTEL, has partnered with the Zambia National Broadcasting Corporation (ZNBC) and Muvi TV to enable its customers view live streaming television content on their Android-powered 3G capable mobile handsets. Launching the innovative product recently, ZAMTEL chief marketing officer Envans Muhanga disclosed that subscribers wishing to access ZAMTEL mobile TV will require an Android mobile handset that supports 3G and an internet browser or a video player that supports Real Time Streaming Protocol (RSTP)). The facility allows ZAMTEL subscribers to watch their favourite ZNBC and Muvi TV programmes such as news, sports, documentaries and... Continue Reading
Publish Date: Sunday, September 23rd 2012 |
By Nawa Mutumweno – Government has released ZMK42billion in the continued process of recapitalising the cash-strapped the fertilizer manufacturing firm, Nitrogen Chemicals of Zambia Limited (NCZ). According to a media release issued by the Ministry of Finance (MOF) public relations unit, of the funds released ZMK25 billion is strictly for the purpose of commencing the rehabilitation of the Kobe Ammonium Nitrate Plant 1 and re-commissioning it in order to facilitate local production of industrial explosives. This intervention is in line with the government’s commitment towards improvement of local productive capacity and job creation through industrialisation. ‘’The remaining ZMK17 billion is... Continue Reading
Publish Date: Sunday, September 23rd 2012 |
