By Nawa Mutumweno – Government says it has been holding talks with various aviation stakeholders to realise its plan to re-establish the long-awaited national airline by mid this year, it has been learnt. According to Minister of Transport, Works, Supply and Communication Yamfwa Mukanga, Government has in the recent past engaged plane manufacturing firms such as Boeing and other partners on the development of the airline. The Civil Aviation Authority Board has since been constituted to facilitate the establishment of the airline. ‘’We are on course and the national airline will be up and running by June,’’ he assured, allaying... Continue Reading
Publish Date: Wednesday, January 29th 2014 |
By Nawa Mutumweno – The construction of the Bwana Mkubwa Oil Refinery project under a joint venture (JV) has been earmarked for 2016 at a cost of about $1.6 billion. Maysen and Borowski Claymont Joint Venture (MBCJV) of Australia in partnership with Phoenix Materials and Constructing Company will construct the new refinery with a capacity to process about five million metric tonnes of oil annually. According to MBCJV group executive director, legal and strategy Charles Kamwi, the new refinery wil triple the current national crude oil supply. Bwana Mkubwa Oil Refinery, which will be situated at the Sub-Sahara Gemstone Exchange... Continue Reading
Publish Date: Wednesday, January 29th 2014 |
By Nawa Mutumweno – MTN Zambia has merged with MTN Business to become one business entity, it has been learnt. The merger between MTN Business, an internet service provider (ISP) and MTN Zambia, a mobile communications solutions provider, has culminated into the formation of Enterprise Business Unit of MTN Zambia. The development makes MTN Zambia a complete telecommunications solutions provider for business in voice, data and other related services like data warehousing, fibre connectivity, and cloud services. According to a statement issues recently, the announcement of the merger coincides with the launch of MTN Zambia’s cloud computing services, a development that... Continue Reading
Publish Date: Sunday, December 15th 2013 |
By Nawa Mutumweno – The issuance of Zambia’s debut US$750 million Eurobond signified a mark of confidence by the international community in the country’s economic ‘path’, catapulting her into the sight of a wide array of investors. Requiring US$500 million, the offers were oversubscribed, which financial analysts and experts said was exceptional and enormous for an inaugural bond of an emerging market economy. According to Government data, a number of institutions have been allocated a piece of this economic ’cake’. Zambia Railways Limited got US$120 million for railway line and rolling stock rehabilitation; the Road Development Agency (RDA) received US$100... Continue Reading
Publish Date: Friday, November 8th 2013 |
By Nawa Mutumweno – Zambia has introduced a national tolling programme effective November 1, 2013 which will go towards road maintenance in the country. The Road Development Agency (RDA) has announced that the tolling for heavy vehicles will be conducted at weighbridges and ports of entry. The agency will be responsible for collecting toll fees. The weighbridges will be situated at Kafue, Kafulafuta, Kapiri Mposhi, Kazungula, Livingstone, Mpika, Chipata’s Mwami border post and Solwezi. This development follows the enactment of the Toll Act No. 14 of 2011 that authorises the RDA to operate toll points, and to erect and maintain... Continue Reading
Publish Date: Wednesday, November 6th 2013 |
