Friday, May 8th, 2009


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By ZamChro Correspondent
Transport and Communications Deputy Minister, Mubika Mubika has urged Zambians to invest in the airline industry. Mr. Mubika says the government wants to see Zambians participate in the running of businesses in the airline sector.

Boeing 787 Dreamliner First Class Interior Look

Boeing 787 Dreamliner First Class Interior Look

He said government will not delay in offering licenses to Zambians with resources to invest in the airline business.

And Mr. Mubika has said the global economic crisis has not spared the airline industry in the Southern African nation.

The Transport and Communications Deputy Minister said the airlines have recorded a reduction in the number of tourists flying into the country.

And the European Union says it is willing to fund the construction of roads to improve access to Kasaba Bay and other tourism sites in the Northern Circuit.

European Commission Head of Delegation in Zambia, Derek Fee, says although the Commission does not directly fund tourism, it can provide money to construct roads.

He said that a good road network will increase the number tourists visiting places such as Lake Tanganyika. Dr. Fee said currently tourists are not able to visit Kasaba Bay or other attractions in Northern and Luapula Provinces because of bad roads.

The Zambian government has embarked on a program to rehabilitate Kasaba Bay, one of the tourism attractions in the country. Recently a team of government ministers and other officials visited Kasaba bay to look at how best the resort can be revamped.

In January this year President Rupiah Banda disclosed that government would turn Mbala Air Force Base into an international airport to increase passage of tourists to the area. Mbala Air Force Base is one of the most sophisticated air bases on the continent of Africa.

© Zambian Chronicle 2009. All rights reserved

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LUANSHYA, Zambia, May 8 (Reuters) – Zambia on Friday selected Chinese firm NFC Africa as the new investor to run the closed Luanshya Copper Mines (LCM), which is due to restart production at the end of May.

“It is now with great pleasure that I announce the sale of the 85 percent shares to China Nonferrous Metals Mining, commonly known as NFCA,” Zambia’s President Rupiah Banda told former Luanshya Copper Mines workers at a public meeting.

The LCM shut down the Baluba copper mine and abandoned the development of the 60,000 tonnes per year Mulyashi project last December saying it had been making losses because of low global metals prices and other effects of the global economic crisis.

The LCM, which was a joint venture of the Bein Stein Resources Group (BSRG) and International Mineral Resources (IMR), also shut down the Chambishi Metals Plc, Zambia’s largest cobalt producer, and retrenched 1,700 miners.

The 85 percent stake now held by NFC Africa was previously owned by Enya Holdings, which owns BSGR and IMR.

(Reporting By Shapi Shacinda)

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