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Before the International Monetary Fund s bailout negotiations, Zambia prepares for tight elections

Zambians slam Indian mining investor for mocking government - Business & Human Rights Resource Centre

Zambians slam Indian mining investor for mocking government Zambians have reacted with shock and dismay at a leaked video.showing Anil Agarwal, Vedanta founder and executive chairman.mocking the Zambian government on how he was sold Konkola Copper Mines (KCM) at a cheap price of US$25 million.and boast[ing].that KCM was giving him US$500 million every year in profit.According to Zambian vice President Guy Scott, the Zambia Revenue Authority has written to Konkola Copper Mine-KCM asking it to reconcile the profit figures attributed to KCM owner and those declared to ZRA. Scott warned that the law will visit KCM if found wanting. National Movement for Progress (NMP) President, Ng’andu Magande [said]. “It is common knowledge that many developing countries such as Zambia are losing billions of dollars in the extractive industry owing to poor policies,”.

Magande preaches culture remodelling, hard work – Zambia Daily Mail

Magande preaches culture remodelling, hard work – Zambia Daily Mail
daily-mail.co.zm - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from daily-mail.co.zm Daily Mail and Mail on Sunday newspapers.

Flashing cash raises money printing suspicions – Magande – Zambia: News Diggers!

Former finance minister Peter Ng andu Magande FORMER Finance Minister Ng’andu Magande says the trend of splashing huge sums of cash on social media raises money printing suspicions. Last Thursday, Government Chief Whip Brian Mundubile said if any member of the ruling party felt compelled to donate cash, they should do it away from the cameras. But in an interview, Magande warned that such conduct would make people lose confidence in the currency because they can suspect it is just being duplicated using a machine. “Even during my time, there were billions of Kwacha but you didn’t see money being flashed. Now when people start flashing this money around, it simply means the impact it has not only on the country but on the monetary systems, is that it erodes the confidence in the trust of the people in that currency because people think someone is just duplicating that money using a machine. During my time, the Kwacha was not moving like this. Money only comes from the Ban

A UPND govt will agree to IMF s advice on debt – Musokotwane – Zambia: News Diggers!

A UPND govt will agree to IMF s advice on debt – Musokotwane – Zambia: News Diggers!
diggers.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diggers.news Daily Mail and Mail on Sunday newspapers.

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