By Nawa Mutumweno – The International Development Association (IDA) of the World Bank has approved $15 million additional financing to go towards investment in road infrastructure and institutional reforms. It is envisaged that this intervention will contribute effectively to the stimulation of economic growth and poverty reduction. The IDA credit has a 40-year maturity period with a 10-year grace period with the objective of preserving roads in target transport corridor areas and improve transport safety and connectivity in target areas. The advancement of the country’s road and rail sub-sectors has been the major thrust of IDA’s support to Zambia. In... Continue Reading
Publish Date: Thursday, November 11th 2010 |
By Nawa Mutumweno – The once-cinderella province of Zambia, North-Western, has been ‘re-branded’ since the ‘invasion’ of this rural economy by Kansanshi mine, the kingpin of the Canadian mining great, First Quantum Minerals (FQM) a few years ago. It is said that corporate entities should not only derive profits from the communities in which they operate but should plough back some of these rewards into these areas in order for seeds of development to germinate. This is one arena where the mine scores high marks with the launch of the Kansanshi Foundation four years ago which has changed the economic... Continue Reading
Publish Date: Thursday, November 11th 2010 |
By Nawa Mutumweno – The $25 million Kasumbalesa Border Project on the Zambia – DRC frontier will be completed in December this year. The project which is funded by the Development Bank of Southern Africa (DBSA) is poised to improve interface between border users and operators, thereby enhancing regional trade. Zambia Border Crossing Company (ZipBCC) is undertaking the DBSA-financed project which includes the installation of the modern information technology (IT) system to reduce border congestion in addition to operating the state- of- the- art facility at the crossing point. The design is based on a unique model with the installation... Continue Reading
Publish Date: Thursday, November 11th 2010 |
By Nawa Mutumweno – The Tanzania Zambia Railway Authority (TAZARA) has signed an agreement with the Chinese Civil Engineering and Construction Company (CCECC) for the manufacture and supply of six mainline locomotives and spare costing $16.4 million. According to media reports, the agreement signed was signed on Monday, November 1, 2010 in Dar es Salaam, Tanzania. It is a follow up to the 14th Protocol signed by the Chinese, Tanzanian and Zambian governments covering the repair of rescue and loading equipment, rehabilitation of three shunting locomotives and training of staff on a long-term basis. TAZARA managing director, Akashambatwa Mbikusita-Lewanika signed... Continue Reading
Publish Date: Wednesday, November 10th 2010 |
By Nawa Mutumweno – Indongo Mining Limited is to establish the Mulungwa Coal Mining Project, estimated at $10 million, in Mulungwa Basin, Maamba, in Sinazongwe District, Southern Zambia. The company is a Zambian registered company in equal partnership with Jonah Coal Limited of South Africa. The project will involve coal mining whose essential element is an open pit and a coal washing plant with their associated ancillary equipment. When the pit is at full operating capacity, it will produce 840 000 tonnes of coal per annum with a mine life of nine years. Indongo has since submitted an Environmental Impact... Continue Reading
Publish Date: Wednesday, November 10th 2010 |
