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Most countries, counties, cities and jurisdictions have found the importance of honoring certain people in their societies who have contributed to the greatest good. They do so by naming important installations, assets, streets, buildings, stadiums, airports, etc. after them.      

 

 

We at the Zambian Chronicle believe the time for the Zambian Enterprise to do just that has come. Next week we will be celebrating the 83rd birthday of our First Republican President HE Kenneth David Kaunda.

 

As a disclaimer none of us at the Chronicle has a vested interested in Dr. Kaunda at all, and we are embracing this purely based on principle and merit considering what the founding president did for our nation.

 

For some individuals, it is inextricably hard to believe that Dr. Kaunda did many great things for the sake of the Enterprise and we understand that but overall intellectual honesty testifies to the fact that if “we the people” do not appreciate him, others will to our own shame.

 

The British did not fully recognize Winston Church as a national hero, and they got a rude awakening when President John F Kennedy (US) in 1963 honored the Nobel Prize winner.

 

Churchill was honored again on November 29, 1995 by President Clinton. In an appearance that day before the British Parliament, President Clinton said, “I am pleased to announce here, the home of British freedom, that the United States will name one of the newest and most powerful of its surface ships, a guided missile destroyer, the United States Ship Winston Churchill.

 

Former US president Bill Clinton (l) talking to the first president of Zambia Dr Kenneth Kaunda at Lusaka Polo Club  on Saturday - Picture by Thomas Nsama“When that ship slips down the ways in the final year of this century, its name will ride the seas as a reminder for the coming century of an indomitable man who shaped our age, who stood always for freedom, who showed anew the glorious strength of the human spirit,” Clinton said.

 

To that effect we believe that in commemoration of his anniversary, Lusaka International Airport be renamed as Kenneth Kaunda International Airport. There several airports around the world that are named after important people even on our continent, Johannesburg International is now named after O R Tambo.

 

It was formerly officially known as Johannesburg International Airport and before that as Jan Smuts International Airport (explaining the airport’s ICAO code, FAJS) after the South African statesman of that name.

 

The first renaming was done in 1994 when the newly reformed South African government implemented a national policy of not naming airports after politicians. The policy was however reversed later, and the airport renamed again on 27 October 2006 after Oliver Tambo, the former President of the African National Congress (ANC).

 

On Dr. Kaunda’s birthday anniversary we at the Chronicle will be chronicling several accomplishments classy-daddy-3.gifthe former president did for the Enterprise and we will reinforce our calling for Lusaka International Airport to be renamed after him.

 

It is time, and that time is now to name one of the nation’s major installations after Dr. Kaunda; that’s this week’s memo from us at the Zambian Chronicle … thanks a trillion.

 

Brainwave R Mumba, Sr.

CEO & President – Zambian Chronicle

 

Copyrights © 2008 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 © 2008 Microplus Holdings Int., Inc

 

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HONG KONG –

China’s first home-built airliner was set to meet the world Friday.

The state-controlled China Aviation Industry Corp. I, or AVIC I, the nation’s biggest plane manufacturer, was scheduled to roll out its first completed regional jet, the ARJ21-700, at a 600 million yuan ($81 million) assembly facility in Shanghai.

China hopes that the ARJ21, or Advanced Regional Jet for the 21st Century, will be competitive with regional jets made by Canada’s Bombardier and Brazil’s Embraer (nyse: ERJnews people ).

China is in the midst of a major expansion of its air network, and it would like to make sure that a good chunk of the spending stays in the country.

The government is currently carrying out a five-year plan to buy 500 jets and build 48 airports. Boeing projects that Chinese carriers will spend $340 billion over the next two decades to buy 3,400 planes. (See: ” Boeing Raises Forecast For Chinese Plane Demand“)

The ARJ21-700 is designed to carry 78 to 90 passengers on flights of 1,200 to 2,000 sea miles, making it capable of serving on more than 98% of domestic routes.

After an online vote by 400,000 Chinese netizens, the model has been named xiangfeng, which means flying phoenix, AVIC I said Friday.

The maiden flight of the short-haul plane is scheduled for March. AVIC I has received 73 orders for the plane from domestic carriers and aircraft leasing companies, including Shandong Airlines Co., Shanghai Airlines Co. and the government of Laos. The state-run aircraft manufacturer plans to begin delivering planes to customers in September 2009.

At the Paris Air Show earlier this year, Bombardier Aerospace, the world’s No. 3 aircraft maker, entered into an agreement to help the Chinese company develop an extended 90- to 149-seat version of the ARJ21-700 that will meet certification standards for use in the West. The Canadian aviation behemoth will help its Chinese partner to market the jet overseas, receiving royalties on sales. (See ” Bombardier To Help China Reach Skies“)

China’s state-controlled aviation industry also is working to produce jumbo jets by 2020, aiming to challenge Boeing (nyse: BAnews people ) and EADS (other-otc: EADSYnews people ) unit Airbus.

Source: FORBES.COM AIRLINES NEWSLETTER DECEMBER 25, 2007

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27 November 2007

Interview With Zenzo Nkomo audio clip

This week’s decision by Zambia Airlines to discontinue service to Harare dealt another blow to Zimbabwe’s battered international image, coming just a month after British Airways flights on the run saying they were no longer economically viable.

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Zambia Airlines also cited business losses which have been aggravated by the sharp decline of the Zimbabwe dollar reflecting hyperinflation of 15,000% annually.

South African-based political analyst Zenzo Nkomo told reporter Chris Gande of VOA’s Studio 7 for Zimbabwe that the Zambian carrier’s discontinuation of the Harare-Lusaka route reflects the regional impact of Zimbabwe’s economic crisis.

Source: Voice Of America


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Dear Mumba Brainwave,Airbus is delighted to invite you to witness the start of a new era for airlines and passengers with the delivery of the first A380 to Singapore Airlines.

Visit our dedicated web site www.a380delivery.com
for a tantalising taste of this landmark event.

Let a fascinating assortment of stories and videos guide you through the A380 adventure.



It’s time to see the bigger picture… live!
15 October 2007
10:00 AM GMT+2
Browse through the work of some of the world’s leading photographers,
as they share their personal insight into this inspiring aircraft.
visit the photo gallery
Also seize this unique opportunity to share your views of the A380 with the world
by sending us a message to be published on the dedicated site.
contribute now!
At 10 am (GMT+2) on 15 October, join us for the final countdown and live streaming
of the delivery ceremony from Toulouse.
www.a380delivery.com
Then use the site to relive the event and follow the A380 as it enters
into commercial service, with the latest news and videos from Singapore Airlines.
You won’t want to log out!See you soon on Airbus.com

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Seattle Times staff columnist

Our relationships with the rest of the world need some updating.

Things are changing. A large delegation from Zambia was in Seattle this week making a case for investment, not charity, as the cure for poverty.

It’s an argument many in Africa have been making for years, usually in the other Washington.

While few in the world’s leading capitalist nation are biting, China is pouring money into the continent in search of influence and profit. In Zambia, the Chinese invest in mining, retail and construction.

Viewed from the U.S., Africa seems a solid mass of disease, war, unstable dictators and rampant corruption.

The Zambian delegation, including the country’s president, argued that this view is full of stereotypes that do not apply to their country.

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Zambia is a country of 12 million in southern Africa. Copper mining is central to the economy, but tourism, manufacturing and agriculture are growing.

The Zambians were invited way out west to Seattle by the Initiative for Global Development, which believes eradicating deep poverty would eliminate many of the ills, including diseases and conflicts, that afflict the planet.

Members call themselves “business leaders working to end poverty.”

Getting people out of poverty is the right thing to do, but it also can be profitable for business and relieve governments in developed nations of numerous international headaches.

The U.S ambassador to Zambia has said a stable Zambia contributes to the U.S. goal of peace, democracy and economic growth in southern Africa.

IGD was founded three years ago by Bill Gates Sr.; Daniel J. Evans, the former senator and governor; former EPA administrator Bill Ruckelshaus; Weyerhaeuser heir Bill Clapp; and John Shalikashvili, former chairman of the Joint Chiefs of Staff.

The delegation also scheduled meetings at Starbucks, Microsoft, Boeing and elsewhere.

levy_combine300.gifAt the session I attended, the president, Levy Mwanawasa, and his ministers made a compelling case for investment. How’d you like to pay no taxes on business earnings?

They talked about their new zero-tolerance policy on corruption and their commitment to democracy, stability and economic growth.

And, said the minister of commerce, trade and industry, the weather is perfect.

What are we waiting for?

Well, actually, the weather isn’t perfect. It gets pretty hot there, and then there is the matter of infrastructure, and if they have cured corruption they are the only nation anywhere to have done so.

Zambia still has problems, but curing poverty would help solve them.

Business investment (not exploitation) is necessary.

Mwanawasa invited American entrepreneurs to visit and see that “the truth is the opposite of what you think is true.”

It’s not exactly the opposite, but Zambia seems to be at a point where investment could benefit Zambians and offer the U.S. new opportunities to make money and make friends.

Jerry Large’s column appears Monday and Thursday. Reach him at 206-464-3346 or jlarge@seattletimes.com.

Copyright © 2007 The Seattle Times Company

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Seattle Times business reporter

GREG GILBERT / THE SEATTLE TIMES

Zambian President Levy Mwanawasa battles stereotype of Africa in chaos.

Even for a country with a relatively stable democracy and growing economy, Zambia hasn’t had much luck finding Americans willing to invest there.

Zambian President Levy Mwanawasa said he hopes to change that by introducing more Americans to his country and fighting the stereotype of Africa as a place defined by war and chaos.

Speaking to local business leaders Monday, Mwanawasa said Zambia has become a center of peace and prosperity in the region. The country has emerged from a long period of economic decline to achieve an average annual 5 percent growth in gross domestic product for the last five years.

“It’s the first time the country is experiencing such strong positive results,” the Zambian leader said, adding that sustaining the success could bring about an economic transformation to improve the lives of ordinary people.

The landlocked country of 12 million people in southern Africa still suffers from high unemployment and crippling poverty, with about 68 percent of the population falling below the poverty line of $1 per day.

Zambia has taken a strong stance against corruption and created a foundation based on the rule of law and respect for private property, Mwanawasa said.

The country’s main industries are copper mining, agriculture, manufacturing and tourism.

A former British protectorate that gained independence in 1964, Zambia is encouraging more foreign direct investment and growth of the private sector to help reduce poverty.

“When you invest in Zambia, you’re putting GDP in the pockets of Zambian people,” Mwanawasa said.

Mwanawasa, 59, was in the United States for a meeting of the U.N. General Assembly. He traveled here at the invitation of the Seattle-based Initiative for Global Development, a national network of business leaders promoting policies to end global poverty.

He and a delegation of senior government officials and business leaders were scheduled to visit the Bill & Melinda Gates Foundation, PATH, Microsoft, Boeing and Starbucks on Monday.

Mwanawasa said he had dinner Sunday at the house of former Microsoft executive Paul Maritz, a Zimbabwe native who lives on Mercer Island.

While Zambia has had a rush of investment from China recently, attracting U.S. business has been an uphill battle.

On previous visits to the U.S., “the response hasn’t been encouraging,” Mwanawasa said.

“So far Africa has been known only for the bad news,” said Felix Mutati, Zambia’s minister of commerce. “In Africa, we’ve got problems with HIV/AIDS, malaria and other diseases,” he said, “but we’re not a diseased country.”

In Zambia, the Gates Foundation funds a malaria-control program run by PATH that aims to cut malaria cases by 75 percent and become a model for the rest of Africa.

Zambia has introduced incentives to encourage foreign enterprises, such as tax-free profits for the first five years and duty-free imports of capital equipment, said Mutati.

Energy, IT infrastructure, agriculture and eco-tourism are promising areas for development, he added.

“We don’t want help,” Mutati said. “We want investment. We want partnership.”

Zambia’s slide into poverty began after world copper prices fell in the 1970s. Since then, the economy has become somewhat more diversified, even as the price of copper has climbed.

The government began privatizing the copper industry in the 1990s. Copper contributed 75 percent of the GDP in 2002 but only about 45 percent last year, said Mutati.

Asked about the political and economic crisis in neighboring Zimbabwe, Mwanawasa called the situation “extremely worrying” but added that economic sanctions will not help.

He threatened to boycott a European-African summit meeting in December if Zimbabwe President Robert Mugabe was excluded, saying Western leaders must be willing to talk to the leader widely considered an international pariah.

The chaos in Zimbabwe has choked off tourism, diverting more visitors to Zambia to see Victoria Falls, the spectacular milewide waterfall on the border between the two countries.

With room for only about 1,500 visitors, hotels in nearby Livingstone can’t cope with the influx, Mutati said. Its tiny airport, which had just a few flights a week three years ago, has 28 flights a week now. Several new hotels are under construction.

While Chinese companies have been criticized for labor practices in Africa, overall the influx of investment from China has been a good thing, Mutati said.

Cautious Western companies have hesitated too long. “They would go on their computers and do spreadsheets about risk,” he said, while “the Chinese make a decision first.”

Chinese have invested $900 million in Zambia for two economic zones focused on copper and agricultural processing, creating 60,000 jobs.

“Now we can see the West is saying we must run to Africa because if China dominates Africa, that sphere of influence can become critical as we go forward,” Mutati said.

Zambia also needs American-style business, said Wamulume Kalabo, chairman of the Zambia Association of Chambers of Commerce and Industry.

U.S. companies tend to hire and train local people, with English as a common language. Chinese companies tend to hire their own citizens to work in Zambia’s mines and manufacturing sites because of the difficulty of communicating.

“The local people are not seeing the benefit initially,” Kalabo said, “because very few of them are being absorbed into the system, and the main reason is the lack of communication.”

Kristi Heim: 206-464-2718 or kheim@seattletimes.com

Copyright © 2007 The Seattle Times Company

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The Zambian Enterprise is not only the largest producer of copper in Africa; it also has a perfect track record to enable it to vie for a “World Class Credit” rating.

Usually referred to as “first credit” in economic terms, the rating would enable Zambia to issue international bonds and enter the elite class with incentives similar to those in developed nations.

Should this take place, Zambia whose economy currently accounts for only 1 percent of Sub-Saharan Africa’s $544 billion economy, would be the third country on the continent to issue such bonds.

“… if we went for a rating, we’d be able to issue a euro-kwacha bond for example … the country will probably seek its debut rating “shortly,” … there has never been a better time than this … with a buoyant economy and a good track record, I think it’s about the right time to subject ourselves to a rating,”… said the Manchester educated and one time professor of economics at the University of Zambia now Bank of Zambia Governor – Dr. Caleb Fundanga without being date specific.

The European Investment Bank, the finance arm of the European Union, in December 2006 sold 500 million pula of senior unsecured bonds, with settlement and payment in euros, the first-ever international issue in Botswana’s currency, according to Standard & Poor’s Ratings Services.

South Africa, the continent’s largest economy and Botswana, the nation with the highest rated debt in the continent, are the only southern African nations with foreign currency denominated bonds.

Zambia has a lot of support and may need to fully capitalize on that support if reality has to come. Out-going World Bank country manager was one of Zambia’s strongest advocates to the same.

“… Zambia is clearly one of the countries where the impact of debt relief has been massive and could be very clear,” Ohene Nyanin, the former World Bank’s country manager based in Lusaka, said in an interview. “It is a very big fiscal space that has been opened up.”’

The country’s inflation rate dropped to single digits for the first time in 30 years in April 2006 as the government moved to control spending. Zambia has also benefited from a fivefold rise in the price of copper, which accounts for 53% of the enterprise’s income.

International bonds are a certificate of debt issued by a government or corporation guaranteeing payment of the original investment plus interest by a specified future date and have the ability to increase cash inflows at an accelerated rate thereby increasing a country’s liquidity.

classy-daddy-3.gifTwo to three years ago, I introduced a bond phenomenon on Zambia Online and even suggested the issuance of bonds as a debt instrument necessary for capitalizing the New Zambia Airways as a private enterprise.

It was to be privately driven and ran; some nay sayers rose up to short the idea down but yet even today more experts are vying for a bond rating that would elevate the country’s standing as well as help grow our economy above 7% come next year.

It is highly feasible that some critics were new to the subject and saw no benefit to the Zambian Franchise at all … thanks a trillion.

Brainwave R Mumba, Sr.

CEO & President – Zambian Chronicle

Copyrights © 2007 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 © 2007 Microplus Holdings Int., Inc.

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