January 2009

Need extra $$$$, click on this picture to find out how you can get it ...

Need extra $$$$, click on this picture to find out how you can get it ...


Choose Your Language Of Preference Below 

French Version German Version Russian Version Spanish Version 

Portuguese Version Chinese Version Arabic Version  

 LUSAKA, Jan. 30 (Xinhua) — The World Bank has welcomed Zambia’ s 2009 national budget, Zambia News and Information Services (ZANIS) reported on Friday.

    World Bank Country Representative Kapil Kapoor said he is overwhelmed to see that the Zambian government in its 2009 national budget has reflected a number of programs that will enhance economic development.

    Kapoor was quoted by ZANIS as saying in Lusaka on Friday that the 2009 national budget has touched on a number of development programs which he said when implemented will harness economic development in the country.

    He cited the mining, agriculture, tourism, health, education and construction sectors as some of the key sectors that need to be supported in order to enhance economic development in the country.

    The World Bank Country Representative was reacting to the 2009 national budget which was presented Friday by Finance and Planning National Minister Dr Situmbeko Musokotwane.

    Kapoor said the World Bank is happy to see that the 2009 national budget was focusing on diversification, a move he said will help to address some challenges associated with the global economic and financial crunch.

    He further called on the Zambian government to implement the prospects of the 2009 national budget with a view to enhancing economic development in the country.

Choose Your Language Of Preference Below 

French Version German Version Russian Version Spanish Version 

Portuguese Version Chinese Version Arabic Version  

By Geoffrey Kapembwa

Jan. 30 (Bloomberg) — Zambia, Africa’s biggest copper producer, will scrap a windfall tax on mining companies, Finance Minister Situmbeko Musokotwane said, following opposition to the duty from miners.

The levy will be abolished with effect from April 1, Musokotwane said in his annual budget speech today in the capital, Lusaka. A variable-rate profit tax will be kept.

The government will “remove the windfall tax and retain the variable-profit tax, which will still capture any windfall gains that may arise in the sector,” Musokotwane said.

Zambia introduced the two levies last year, raising the effective tax rate on miners to 47 percent from 31 percent. Copper prices last year dropped 54 percent on the London Metal Exchange, the most since at least 1987, as recessions in the U.S., Japan and Europe curbed demand for industrial metals. Copper accounts for about 70 percent of Zambia’s export income.

On June 10, former Finance Minister Ng’Andu Magande said the country was renegotiating the new code with some mining companies in order to boost mineral production.

Fiscal revenue from the mining industry in 2008 was 319.3 billion kwacha ($62.3 million), compared with a target of 917.3 billion kwacha, according to the Economic Intelligence Unit.

The windfall tax required miners to pay a levy on sales of copper when the price rose above $2.50 per pound. A charge of 25 percent applied to the surplus amount above $2.50 to a maximum of $3.00 per pound. The rate increased to 50 percent at between $3.00 and $3.50 and 75 percent above $3.50.

Economic Growth

A tax on profits of up to 15 percent was also imposed on companies that earned a return in excess of 8 percent on their investments.

Companies including First Quantum Minerals Ltd., Vedanta Resources Plc and Glencore International AG operate in Zambia.

Zambia’s economy expanded an estimated 5.8 percent last year, down from 6.3 percent the year before, while consumer inflation accelerated to 16.6 percent from 8.9 percent, driven by higher food costs, the budget showed. The government is targeting growth of 5 percent this year and inflation of 10 percent.

“Our export receipts are expected to be significantly lower than in previous years due to the fall in world copper prices,” Musokotwane said. “This will adversely affect our balance of payments. This problem is compounded by our continued dependence on a single major export commodity.”

The government expects to spend 15.3 billion kwacha ($297 million) this year, with 17.2 percent of that allocated toward education, 11.9 percent toward health and 9.9 percent toward transport.

To contact the reporter on this story: Geoffrey Kapembwa in Lusaka via Johannesburg at pmrichardson@bloomberg.net.

The Best of Zambia Newsletter
Issue 3 Jan 09


New Lusaka Office for the Best of Zambia

We are happy to announce that our new office is open at 202 Alick Nkhata Road, Kabulonga, Lusaka. All enterprises interested in promotion through our online directory www.thebestofzambia.com are most welcome to drop by. We believe that we will be better able to serve our clients by having this local contact point.

Daily Telegraph UK features Zambia safari spots

Lisa Grainger of UK’s Daily Telegraph recently experienced the thrill of the wild as she went in search of Zambia’s best new safari camps. She says that what is so thrilling about Zambia for the safari-lover is that it really is wild! About 30 per cent of the country is made up of national parks and, of those 19 parks, very few are visited. And as you would expect for a country so vast (about 290,000 square miles, or an area the size of France, Austria and Switzerland combined), it is also extremely varied.
She especially recommends
1. Chongwe River Camp (Lower Zambezi National Park) (shown above)

2. Royal Zambezi Lodge (Lower Zambezi National Park)

3. Shumba Camp (Kafue National Park)

Congratulations to these three safari gems!
Rural Zambia marginalised – the whole world knows about Obama, right?

I’ve been in Zambia since 1 Jan helping to set up our new office in Lusaka. We spend most weekends at our farm in Luansobe (between Mpongwe, Kapiri and Luanshya). Last weekend I took a picture of Barack Obama, new US president. The whole world knows all about Obama, right? At least the whole of Africa would know surely? Well I asked basically everyone I came in touch with if they knew this man, holding up the picture of Obama.
90% of people did not know who he was. (Those that do know him read newspapers or watch television….) A colleague is continuing the survey this week. But the writing is on the wall – rural Zambia is marginalised as far as current affairs are concerned. I really hope the new Zambian Watchdog can soon realise its dream of bringing news to rural areas through local radio stations…..

Julia Rosamund Brown 

Emigration from Fantasy Island
Think of it. Banks, insurance companies, hedge funds etc etc have vacuumed up perhaps 90% of the world’s monetary resources. Their own irresponsibility has led to the total destruction of … money … – it’s back to basics friends.
As to the relevance of these great doings, to Africa in general and Zambia is particular, I can only believe it will better our position. After all, volatility of markets has not concerned the average man. Belt tightening is one of our national sports (another is shooting oneself in the foot).
Now that the great electronics companies are having difficulty in persuading those of the first world to buy perhaps their fourth DVD player, it seems to me they will look for alternative markets & there are plenty of people in Africa capable of mustering a few resources if they are offered a good product (clean water, solar power, effective drugs…). So it’s back to basics & emigration from Fantasy Island…
Sonia Doras, Zambia
Zambia’s Governance Score

The Mo Ibrahim Foundation recently released the inaugural Ibrahim Index of African Governance, which rates the quality of governance on the continent and aims to hold leaders to account. Mo Ibrahim is a highly respected African entrepreneur and philanthropist. Zambia ranked 21 out of the 48 countries considered, with a score of 58.3. The five over-arching categories which together make up the cornerstones of a government’s obligations to its citizens are Safety and Security; Rule of Law, Transparency and Corruption; Participation and Human Rights; Sustainable Economic Opportunity; and Human Development. For more inforamtion check the site www.moibrahimfoundation.org  

The Best of Zambia, 1 Tudor Place, London Rd, Yaxley
Peterborough PE7 3HU, Cambridgeshire UK
Tel: +44 (0)1733 242756E-mail: info@thebestofzambia.com

You too can enjoy this lifestyle, click on the picture above for more details …

Choose Your Language Of Preference Below 

French Version German Version Russian Version Spanish Version 

Portuguese Version Chinese Version Arabic Version  

Second Republican President Frederick Chiluba Wednesday wept in court as he testified in a case where he is charged with plunder of national resources.

Dr. Chiluba lamented that members of his family no longer walk with their heads held high because of the theft allegations levelled against him.

He also said he was saddened that he has been subjected to ridicule and derogatory editorial comments in the Post Newspaper.

Dr. Chiluba said he was denied natural justice when parliament endorsed that his immunity be lifted, without being summoned to exculpate himself.

He however said parliament was careful as it only removed his immunity with regards to the offences he committed in his personal capacity.

Dr. Chiluba also told the court that he felt betrayed that late president Levy Mwanawasa the man he helped to ascend to power levelled false allegations against him.

He denied having stolen $47 million which was raised from the Luanshya Copper mine.

Dr. Chiluba testified that of the figure $35 million was in the safe custody of Zambia Consolidated Copper Mine (ZCCM) while $12 million went to the receivers Grant Thornton.

The former president is jointly charged with former directors of the Defunct Access Financial Service Aaron Chungu and Faustin Kabwe.

Source: ZNBC


You too can enjoy this lifestyle, click on the picture above for more details …

You too can enjoy this lifestyle, click on the picture above for more details …

Choose Your Language Of Preference Below 

French Version German Version Russian Version Spanish Version 

Portuguese Version Chinese Version Arabic Version  

A WORD OF WISDOM From the ZamChro Team

There is nothing more refreshing than, having a positive outlook in life. There is nothing refreshing than ,filling that power in your hands. EDUCATION. There is nothing fulfilling than knowing that, nothing is impossible on this earth, especially anything made by human. There is nothing more fulfilling to know that, no person is an island.

Our team decided to share some of the wisdom, that makes us keep looking forward for success. We hope our insights ,will help you adjust ,and stay positive ,  not let your fears of unknown block your vision.

Do you at one point feel like, you have reached the end of your journey? You have tried everything in your powers, and nothing seem to work?

Well if that is the feeling, we  would like you to know that you are not alone. A lot of people feel that way. It is a feeling that just leave people so angry.

But here is were we go wrong. Most of us tend to ignore warning signs in our lives.
Things do not just fail, it is because we do not pay attention to signs.

“When you see warning signs, and if change is happening on the outside faster than on the inside, the end is in sight.” Jack Welch

“Stay positive by reflecting upon your present blessings, of which every man has plenty; not on your past misfortunes, of which all men have some.” Charles Dickens.

“When you disagree, remember that, the clash of ideas is the sound of freedom.” Lady Bird Johnson.

Rockne on PEAKS, reminds us that, “when you were riding on the crest of wave, you were most likely to be missing out something.”  Speed is not good. Slow down and think through, before you take action.

Every person on this earth, should know that there is nothing impossible in the eyes of God. There isn’t anything in the world that can’t be made better.

How do we turn our negativity into positiveness and disappointments into success.

Here is a master key to unlock that steel door in front of you.

Ten secretes to success.

  • Be positive in your thinking. Think success, not failure. Be aware of a negative environment.
  • Make a decision on your dreams and goals. Write down your specific goals and develop a plan to reach them.
  • Take action. Goals are nothing without action. Do not be afraid to get started. Just do it, the rest will fall in place.
  • Never stop learning. stay open minded to learn new ideas. Go back to school or read books. Get some training and acquire skills.
  • There is nothing that is so magical about success, than being persistent. Work hard. Success is like running 26.2 miles  marathon. You start slow and build up your pace as you go through miles. Success is not a sprint. NEVER GIVE UP. Keep trying until you open that door.
  • Learn to analyze details. Get all the facts, all the input, look back and  learn from your mistakes.
  • Every time counts. Use your time wisely. Focus your time and money. Do not let other people or things distract you. Avoid cheap gossip. There are so many hours in a day. Avoid spending most of your time with wrong people. In short negative minded people.
  • Do not be afraid to innovate.Be different. following the herd is a sure way to mediocrity.
  • Deal and communicate with people effectively. No person is an island. Learn to understand and motivate others.
  • Be honest and dependable, take responsibility, otherwise, numbers 1-9 will not matter.

If you follow the above. the sky will be the limit. Live longer , stay positive, laugh a lot and prosper.

On Behalf of the ZamChro Team

Thanks a trillion,

Belliah K Theise

Chief Operating Officer  and editor-Zambian chronicle

Copyrights © 2009 Zambian Chronicle. All rights reserved. Zambian Chronicle content may not be stored except for personal, non-commercial use. Republication and redissemination of Zambian Chronicle content is expressly prohibited without the prior written consent of Zambian Chronicle. Zambian Chronicle shall not be liable for any errors, omissions, interruptions or delays in connection with the Zambian Chronicle content or from any damages arising therefrom. 

Zambian Chronicle is a wholly owned subsidiary of Microplus Holdings International, Inc.

Copyrights © 2009 Microplus Holdings Int., Inc.

 Choose Your Language Of Preference Below 

French Version German Version Russian Version Spanish Version 

Portuguese Version Chinese Version Arabic Version  

Hillary Clinton Outlines Obama’s Africa Policy
Secretary of state–designate testifies before Senate committee

Secretary of State–designate Hillary Clinton at her January 13 confirmation hearingBy Charles W. Corey
Staff Writer

Washington — The foreign policy objectives of the Obama administration in Africa are rooted in security, political, economic and humanitarian interests, Secretary of State–designate Hillary Clinton told a U.S. Senate committee January 13.

In testimony before the Senate Foreign Relations Committee, Clinton said the Obama administration’s foreign policy objectives for Africa also include “combating al-Qaida’s efforts to seek safe havens in failed states in the Horn of Africa; helping African nations to conserve their natural resources and reap fair benefits from them; stopping war in Congo; [and] ending autocracy in Zimbabwe and human devastation in Darfur.”

Additionally, she said the United States will support African democracies like South Africa and Ghana, which just had its second peaceful change of power following democratic elections.

“We must work hard with our African friends to reach the Millennium Development Goals in health, education and economic opportunities,” she added, referring to a set of goals set out by the United Nations that seek to end poverty and hunger; instill universal education, gender equality, and child and maternal health; combat HIV/AIDS; and promote environmental sustainability and global partnerships.

“The Obama administration recognizes that even when we cannot fully agree with some governments, we share a bond of humanity with their people. By investing in that common humanity, we advance our common security,” she told the committee. That panel will report its recommendation to the full Senate, which then must vote on the nomination.

Clinton underscored the importance of U.S. involvement in the continued global fight against HIV/AIDS. “Now, thanks to a variety of efforts, including President Bush’s Emergency Plan for AIDS Relief — as well as the work of [nongovernmental organizations] and foundations — the United States enjoys widespread support in public opinion polls in many African countries. Even among Muslim populations in Tanzania and Kenya, America is seen as a leader in the fight against AIDS, malaria and tuberculosis,” she said.

The secretary-designate said the United States has a chance to build on this success by partnering with nongovernmental organizations to expand health clinics in Africa, giving more people access to life-saving drugs and ensuring fewer mothers transmit HIV to their children and fewer lives are lost.


Hillary Clinton walks with South African President Nelson Mandela during a tour of Robben Island, South Africa, on March 20, 1997.Equally important to the Obama administration, Clinton said, will be a continued focus on Darfur.

“This is an area of great concern to me, as it is to the president-elect. We are putting together the options that we think are available and workable. It is done in conjunction, as you would assume, with the Department of Defense. There is a great need for us to sound the alarm again about Darfur. It is a terrible humanitarian crisis, compounded by a corrupt and very cruel regime in Khartoum, and it’s important that the world know that we intend to address this in the most effective way possible once we have completed our review, and that we intend to bring along as many people as we can to fulfill the mission of the U.N.-AU force, which is not yet up to speed and fully deployed. …

“We are going to work to try to effectuate it,” she pledged.

Clinton acknowledged that chaos — such as piracy — flows from failed states like Somalia. Add to that Zimbabwe, she said, where the regime of Robert Mugabe has so mistreated its people, and the anarchy and violence in Eastern Congo, and this chaos continues to pose problems for the continent.

She called those countries “breeding grounds not only for the worst abuses of human beings, from mass murders to rapes to indifference toward disease and other terrible calamities, but they are [also] invitations to terrorists to find refuge amidst the chaos.”


On education and social investment, Clinton said the United States can generate more good will by partnering with international groups and nongovernmental organizations to build schools and train teachers.

“The president-elect supports a global education fund to bolster secular education around the world. I want to emphasize the importance to us of this bottom-up approach. The president-elect and I believe in this so strongly. Investing in our common humanity through social development is not marginal to our foreign policy but essential to the realization of our goals.”

Clinton also stressed the importance of microfinance.

“As a personal aside, I want to mention that President-elect Obama’s mother, Ann Dunham, was a pioneer in microfinance in Indonesia. In my own work on microfinance around the world, from Bangladesh to Chile to Vietnam to South Africa and many other countries, I’ve seen firsthand how small loans given to poor women to start businesses can raise standards of living and transform local economies. The president-elect’s mother had planned to attend a microfinance forum at the Beijing Women’s Conference in 1995 that I participated in. Unfortunately, she was very ill and couldn’t travel, and sadly passed away a few months later.

“But I think it’s fair to say that her work in international development, the care and concern she showed for women and for poor people around the world, mattered greatly to her son, our president- elect. And I believe that it has certainly informed his views and his vision. We will be honored to carry on Ann Dunham’s work in the years ahead,” Clinton said.

Hillary Clinton Seeks to Renew U.S. Leadership Through Diplomacy
Obama Presidency Would Bring New Dimension to Africa Policy
World Regions: Africa
Peace and Security: Creating a More Stable World

Choose Your Language Of Preference Below 

French Version German Version Russian Version Spanish Version 




**** Zamchro is in receipt of the following warden message and would like to express disappoint on the actions taken by the DEC  ***

Update on the Benadryl drug

Belliah made a comment explaining to our Zambian audience, what Benadryl is. Below is a full detailed definition:

GENERIC NAME: diphenhydramine
BRAND NAME: Benadryl


DRUG CLASS AND MECHANISM: Diphenhydramine is an antihistamine used for treating allergic reactions. Histamine is released by the body during several types of allergic reactions and–to a lesser extent–during some viral infections, such as the common cold. When histamine binds to its receptors on cells, it stimulates changes within the cells that lead to sneezing, itching, and increased mucus production. Antihistamines compete with histamine for cell receptors; however, when they bind to the receptors they do not stimulate the cells. In addition, they prevent histamine from binding and stimulating the cells. Diphenhydramine also blocks the action of acetylcholine (anticholinergic effect) and is used as a sedative because it causes drowsiness. The FDA originally approved diphenhydramine in 1946.



PREPARATIONS: Capsules: 25 and 50 mg. Tablets: 12.5, 25, and 50 mg. Strips: 12.5 and 25 mg. Elixir, oral solution, liquid: 12.5 mg per teaspoon (5 mL). Suspension: 25 mg per 5 ml. Injection: 50 mg per ml

b Diphenhydramine should be stored at room temperature, 15° to 30°C (59° to 86°F), and protected injection from freezing and light.

PRESCRIBED FOR: Diphenhydramine is used for the relief of nasal and non-nasal symptoms of various allergic conditions such as seasonal allergic rhinitis. It is also used to alleviate cold symptoms and chronic urticaria (hives). Although antihistamines are the preferred class of drugs in allergic rhinitis, they only reduce symptoms by 40%-60%. Diphenhydramine also is used for allergic reactions involving the eyes (allergic conjunctivitis), to prevent or treat active motion sickness, and for mild cases of Parkinsonism, including drug-induced Parkinsonism. The last two uses (motion sickness and Parkinsonism) are based on the anticholinergic effects of diphenhydramine, and not its antihistamine effects. Diphenhydramine is also used for treating insomnia.

DOSING: Diphenhydramine has its maximal effect about one hour after it is taken. When used to combat insomnia, it is prescribed at bedtime. Patients over the age of 60 years are especially sensitive to the sedating and anticholinergic effects of diphenhydramine, and the dose should be reduced. Doses vary depending on formulation. A common regimen for treating adult allergic reaction is 25-50 mg every 4-6 hours not to exceed 300 mg daily.

DRUG INTERACTIONS: Diphenhydramine adds to (exaggerates) the sedating effects of alcohol and other drugs than can cause sedation such as the benzodiazepine class of anti-anxiety drugs [for example, diazepam (Valium), lorazepam (Ativan), clonazepam (Klonopin), alprazolam (Xanax)], the narcotic class of pain medications and its derivatives [for example, oxycodone and acetaminophen (Percocet), and hydrocodone and acetaminophen (Vicodin), guaifenesin with hydromorphone (Dilaudid), Codeine, propoxyphene (Darvon)], the tricyclic class of antidepressants [for example, amitriptyline (Elavil), imipramine (Tofranil), desipramine (Norpramin)], and certain antihypertensive medications [for example, clonidine (Catapres), propranolol (Inderal)]. Diphenhydramine can also intensify the drying effects of other medications with anticholinergic properties [for example, dicyclomine (Bentyl), bethanechol (Urecholine), Probanthine].

PREGNANCY: Diphenhydramine has not been adequately evaluated in pregnant women. It should be used only if the benefit outweighs the potential but unknown risks.

NURSING MOTHERS: Diphenhydramine is secreted in breast milk. Because of the risk of stimulation and seizures in infants, especially newborns and premature infants, antihistamines should not be used by nursing mothers.

SIDE EFFECTS: Diphenhydramine can commonly cause sedation, tiredness, sleepiness, dizziness, disturbed coordination, drying and thickening of oral and other respiratory secretions, and stomach distress. Diphenhydramine may also cause low blood pressure, palpitations, increased heart rate, confusion, nervousness, irritability, blurred vision, double vision, tremor, loss or appetite, or nausea. Diphenhydramine should be used with caution (if at all) in persons with narrow-angle glaucoma, prostatic hypertrophy (enlarged prostate gland), hyperthyroidism, cardiovascular disease, hypertension, and asthma.

We will keep you posted: Hope the DEC reads 

 Previously we reported below:


Warden Message

US Embassy Lusaka

January 26, 2009


This message is intended for all American citizens visiting or residing in Zambia.  The Embassy requests that wardens distribute the following notice to all American citizens within your registration zone as soon as possible.  Thank you.


Recently, the Zambian Drug Enforcement Commission (DEC) has detained a number of Americans for possession of Benadryl and other over-the-counter medications which have contained small quantities of diphenhydramine, an active ingredient that is on Zambia’s list of controlled substances. 


Although unaware of these restrictions, Americans have been charged with drug trafficking offenses, had their passports confiscated, and been jailed.  As a result, any American visiting Zambia should consider leaving all non-prescription medications behind.


When traveling with prescription medications, Americans should bring a doctor’s prescription and ensure that the medication is in its original bottle.  Any American stopped by the DEC for possession of over-the-counter medications should contact the Embassy at 0211-250-955 as soon as possible.


For the latest security information, Americans living and traveling abroad should regularly monitor the Department’s Bureau of Consular Affairs Internet website at http://travel.state.gov, where the current Worldwide Caution, Travel Alerts, and Travel Warnings can be found.


Up-to-date information can also be obtained by calling 1-888-407-4747 toll free in the U.S., or, for callers outside the U.S. and Canada, a regular toll line at 1-202-501-4444.  These numbers are available from 8:00 AM to 8:00 PM Eastern time, Monday through Friday (except U.S. federal holidays).


The U.S. Embassy is located at the corner of Independence and United Nations Avenues.  The mailing address is P.O. Box 31617, Lusaka, Zambia.


U.S. citizens may contact the American Embassy during regular work hours, Monday through Thursday from 7:30 AM to 5 PM, and on Friday from 7:30 AM to 12:30 PM by dialing 260-21-1-250-955.  For after-hours emergencies involving American citizens, please dial 260-1-250-955 extension 1.  The fax number is 260-21-1-252-225. 


The website is:  http://zambia.usembassy.gov

Choose Your Language Of Preference Below 

French Version German Version Russian Version Spanish Version 

Portuguese Version Chinese Version Arabic Version  

LUSAKA, Jan. 27 (Xinhua) — Zambian President Rupiah Banda has said he is ready to take over as president of the country’s ruling party Movement for Multi-party Democracy (MMD), Daily Mail of Zambia reported on Tuesday.


    And MMD provincial chairpersons have welcomed the decision to install President Banda as acting party president, according to the newspaper.

    Banda, who is happy with the proposal, said he would wait for the outcome of the MMD national executive committee (NEC) meeting to be held in the next two weeks to decide whether or not to ratify the decision, the daily said.

    “First of all, I am not yet party president but I am happy with the proposal that I take over the party presidency…I am waiting for the NEC decision,” Banda was quoted as saying.

    MMD provincial chairpersons made the resolution to welcome the decision to install President Banda as acting party president after a meeting in Lusaka, capital of Zambia, on Monday, the newspaper said. This was contained in a press statement issued by North-Western Province MMD chairperson James Katoka.

    “We, the provincial leaders representing all provinces, hereby wish to endorse the statement by the national chairman through the national secretary on the position of party presidency,” the statement said.

    Katoka said the provincial leaders have petitioned NEC to call for a meeting to confirm Mr. Banda as party president to maintain peace and unity in the party.

    “We hereby agree as a team to give 100 percent vote in NEC to His Excellency Mr. Rupiah Banda as our party president,” Katoka said.

    MMD national chairman Michael Mabenga voluntarily stepped down as acting party president to allow President Banda to assume the position.

    Banda, who previously held the position of trustee, has since accepted the offer to lead the party up to the time it holds its national convention.

    And the provincial chairpersons have taken a swipe at opposition Patriotic Front President Michael Sata for allegedly disrespecting Banda, according to the daily.

    Eastern Province chairperson Kennedy Zulu said the party leadership is in support of President Banda’s decision to appoint some MMD officials as permanent secretaries.

    “These are the people who understand the MMD manifesto and party policies,” he said.

    Zulu said Sata should concentrate on his party. ” Sata should respect President Banda. His time will come…in fact, it will never come because he is too petty,” he said.




Editor: Xiong Tong


Choose Your Language Of Preference Below 

French Version German Version Russian Version Spanish Version 

Portuguese Version Chinese Version Arabic Version  

JOHANNESBURG, Jan 27 (Reuters) – South Africa’s First National Bank (FNB), the retail banking unit of FirstRand Ltd (FSRJ.J) will start operating in Zambia by the second quarter this year, it said on Tuesday.


FNB, which was granted an operating license last December by the Bank of Zambia, said it believed the country was investor- friendly and had little political risk.


“FNB made the decision to enter Zambia as it has one of the highest GDPs in the region and the economy is growing at a favourable rate,” chief executive of FNB Africa, Jabu Khethe, said.


FNB said it would provide retail, business, commercial and corporate banking services in Zambia.


The retail bank already operates in Namibia, Botswana, Swaziland, Lesotho and Mozambique. It said it was also considering expanding into Tanzania, Angola, Uganda and Ghana.


Rival bank Standard Bank (SBKJ.J), Africa’s biggest bank by assets, already operates in 18 African countries. Absa (ASAJ.J) has links with other markets via its parent Barclays (BARC.L) and Nedbank (NEDJ.J) operates in Lesotho, Malawi, Namibia, Swaziland and Zimbabwe. (Reporting by Zimkhitha Sulelo; Editing by Erica Billingham) 

© Thomson Reuters 2009 All rights reserved

Choose Your Language Of Preference Below 

French Version German Version Russian Version Spanish Version 

Portuguese Version Chinese Version Arabic Version  

By Jeff Kapembwa

Jan. 27 (Bloomberg) — Zambia may cut taxes on mining companies in its annual budget this week as the global financial crisis saps demand for copper, the country’s main export, the Chamber of Mines said.

Talks between the government and industry about reconciling a higher tax regime with lower metals prices have started, said Nathan Chishimba, president of the Chamber of Mines of Zambia, by phone today from the capital, Lusaka.

Zambia, Africa’s largest copper producer, introduced higher taxes last year to take advantage of soaring metals prices. Demand for copper, used in plumbing and electrical wiring, has since crumbled as the collapse of the U.S. housing market led to a drop in orders from builders.

More than 3,000 jobs have been lost across the Zambian mining industry as companies close operations, Mines Minister Maxwell Mwale said last week.

Miners want Zambia to scrap a windfall tax and other variable rates, and to reduce corporation tax to allow them to maintain operations while reducing costs.

Copper accounts for about 70 percent of Zambia’s export income. Companies including First Quantum Minerals Ltd., Vedanta Resources Plc and Glencore International AG operate in the country.

Revenue from mining royalties soared almost fourfold in the first six weeks after the new tax structure came into operation on April 1, the Zambia Revenue Authority said May 21.

The country’s 2009 budget will be presented to parliament by Finance Minister Situmbeko Musokotwane on Jan. 30.

To contact the reporter on this story: Geoffrey Kapembwa in Lusaka via Johannesburg at pmrichardson@bloomberg.net

Next Page »