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18 September 2007

Report on economical road building in Zambia, mp3 – download audio clip
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Report on economical road building in Zambia, ra – download audio clip
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Engineers in southern Africa have developed a product called Ecobond – a non-toxic hybrid adhesive sealant for the construction of roads and buildings. Voice of America English to Africa reporter Danstan Kaunda in Lusaka, Zambia says that the new material could cut the cost of road construction in half.

The initial test project of Ecobond technology in Zambia involves the construction of a 300-kilometer stretch of road in Mpulungu, northern Zambia.

Ecobond is a combination of sawdust, paper sludge, palm fiber and other inorganic wastes chemically mixed with Urea Formaldehyde – a colorless chemical liquid. It is processed industrially on a large scale by the Pretoria-based plant Techneco, Ltd., of South Africa.  

In road construction, it’s mixed with gravel and then sprayed over the surface, before being compacted by a heavy roller, which also levels the surface. 

Kim Anderson is a Danish expert working on the project in Zambia.

He said Ecobond includes ingredients with chemical properties similar to so-called “cement” used by termites in making their mounds.  With Ecobond, the ingredients are mixed with clay.  So far, he says, the product has shown promise.

“The best proof that we have now is the [Ecobond] road that we have constructed in South Africa. It has been there of over 10 years now. There have been about over 11 million vehicles driving through there and thousands of other heavy trucks every week running on the same road [and still in good condition].” 

But the European Union says continuous research in such a technological development is needed to ensure durability in road construction before investing in it.

The EU has been supporting Zambia in various sectors such as rural development, education, health and mining. Jurgen Kettner is head of infrastructure development at the European Union:

“In the past, there were a lot of magic methods developed for making cheap and durable roads [in Africa]. They included the use of chemicals and other additional stuff, but at the end of the day, most of those [methods] turned out not to be durable of long-term structures.” 

The Ecobond roads are said to be much cheaper than conventional asphalt ones because most of the raw materials, like soil and gravel, are readily available.

Anderson said Ecobond roads are less energy-consuming than asphalt road. A main component in an asphalt road – bitmap — has to be heated before being applied to a surface:

“The good thing with the Ecobond road construction is that we do not use too much energy or oil, petrol and not even diesel like it is the case with asphalt roads. This makes it about 50 to 60 per cent cheaper. “

Ecobond was also used in making bricks for the Eastgate Shopping Mall in Harare, Zimbabwe.

So far it seems to be cheap, durable and environmentally friendly.  If it tests well in Zambia, Ecobond will also be extended to other southern African countries like Botswana and Malawi.

http://www.voanews.com/english/Africa/2007-09-18-voa36.cfm

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EASY STEPS FOR ZAMBIANS ABROAD AND FOREIGN INVESTORS TO INVEST ON THE LuSE

The Lusaka Stock Exchange (LuSE) has received numerous queries from investors abroad on the operation of its stock market. In response, the LuSE has now made arrangements for Zambians abroad and foreign investors to easily buy and sell shares on its market. Please follow the notes and guidelines below.

Step 1: OPEN A SHARE ACCOUNT WITH A LuSE STOCK BROKER
Select a broker of your choice from the list at the back and fill in an e-mail application form to open your share account. Upon receipt of your e-mail application form, the LuSE Broker should send you a note to confirm that your share account has been opened at the Central Share Depository [CSD] of the LuSE.

The Broker should also advise you of your share account number.

A copy of your application form will be sent to the LuSE by your broker for verification and recording.

Step 2: SEND MONEY FROM YOUR BANK TO YOUR BROKER IN ZAMBIA TO BUY SHARES ON THE LuSE

Zambians abroad and foreign investors can easily send money to their appointed broker with instructions to purchase shares on the LuSE. Call your broker for their bank account details.

CUSTODIAN BANKS – AN ALTERNATIVE OPTION FOR INVESTORS ABROAD

The LuSE has two custodian banks, namely Barclays Bank Zambia Ltd and Stanbic Zambia Ltd. Custodian banks provide safe custody of funds and securities in Zambia for both domestic and investors abroad.

The custodian bank receives instructions from the client [investor abroad] and executes these in the domestic market. For a buying transaction, the custodian bank will receive the funds from the investor abroad.

The custodian will then monitor the entire transaction, and release funds when the buy order has successfully been traded, cleared and settled on the LuSE. After settlement, the custodian may [if the client requests] proceed to hold the shares in a custodian sub-account in the CSD of the LuSE, on behalf of the investor abroad. The contact details for the LuSE custodians are shown at the back.

Step 3: OBTAIN A CONTRACT NOTE FROM YOUR BROKER – This is important!

Once your order to buy or sell has been traded (matched) at the stock exchange, the LuSE produces a trade confirmation report to your broker. Your broker is then required, under the Securities Act, to issue you a Contract Note within 24 hours. The contract note is the legal confirmation of the transaction. You should therefore receive an e-mail contract note from your broker to confirm that your buy or sell order has been matched on the LuSE and that the transaction will be irrevocably settled with finality 3 days after the trade (T+3].

Contract notes should be filed and kept under the safe custody, as they are legal proof of the transaction.

SETTLEMENT
3 days after the trade, termed T+3, [excluding weekends and holidays], the matched trades are settled by the LuSE Central Share Depository. This settlement involves two simultaneous steps – the movement of money [payment] from the buyer to the seller and the movement of shares [delivery] from the seller to the buyer. This is termed Delivery versus Payment.

Settlement is run everyday on the LuSE at 0900 hours and completed by 1100 hours, the brokers [seller’s side] receive money for all shares sold whilst the buyers receive the shares purchased as book entry credits to their share accounts in the CSD. Brokers are therefore in a position to pass on the money from the sale proceeds, to their clients the same day on T+3 when settlement is run.

TO SELL SHARES
The procedure for selling shares is similar to that for buying shares as described above.

To sell shares you should send an instruction to your broker or custodian bank preferably by fax or by e-mail.

LATEST INFORMATION ON SHARE PRICES – See LuSE website at: http://www.luse.co.zm

The LuSE website gives indicative share prices in Kwacha, US Dollars [or cents] British pounds [or pence] and South African rands [or cents] to assist investors abroad in their investment decisions.

Latest share prices can be obtained by contacting your broker or the LuSE by phone or e-mail.

DIVIDENDS AND OTHER CORPORATED ACTIONS
Quarterly and final dividends, when declared, will be mailed to the address declared by the investor on the client account form.

It is important therefore that the address declared to the LuSE on the share account application form is the same as the address for receipt of dividend payments. All other correspondence [annual reports, AGM notices, EGMs, etc] will be sent to this address.

SUBSCRIPTION TO THE LuSE STOCK NEWS
Investors abroad can subscribe to the LuSE Daily Stock News, Weekly Stock News or the Monthly Newsletter. Details on subscription are available from luse@zamnet.zm.

INVESTOR PROTECTION AND MARKET REGULATION
The LuSE market is designed to operate to current best international standards.

The LuSE Listing Rules have been harmonised with those of the Johannesburg Stock Exchange [JSE]. The Zambian securities market is regulated by the Securities & Exchange Commission [SEC Zambia] under the Securities Act, Chapter 354 of the Laws of Zambia.

The Securities Act is modelled on modern securities legislation as found in the developed economies, and seeks to provide adequate investor protection and the maintenance of a market that is fair, orderly, efficient and transparent.

All players in the Zambian securities market [brokers, broking firms, and even the LuSE] are licensed by the SEC Zambia.

If investors have any complaint or concern, they should contact the Director of Licensing at the SEC Zambia on e-mail: sec@zamnet.zm or telephone number 260 1 227012/226911 or fax number 260 1 225443. The SEC Zambia will investigate the matter to give appropriate redress and remedial action.

First issued on 18 July 2000

For further details, contact the LuSE CSD Manager on e-mail: info@luse.co.zm or Telephone number 260 1 228594/228391 or fax number 260 1 225969

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An independent feasibility study conducted by Equinox this year reveals that Zambian uranium at Lumwana is actually of a higher grade that was initially conceived. This is according to a new press report issued in Canada on Tuesday.  

Mr. Craig Williams, CEO & President of Equinox, disclosed that the drilling program currently underway appears to be defining discrete and coherent mineralized zones with significant uranium grades at Malundwe.  

Lumwana’s uranium resources have previously been estimated at 9,5-million tons grading 0,093% U3O8 indicated, and 2,6-million tons of 0,042% U3O8 inferred, using a 0,01% uranium cut-off grade but now have to be revised upwards once the study which started in April is completed …  

The press release is just another confirmation of what the Zambian Chronicle published last week in our article Hidden Secrets of Lumwana – World’s Largest Undeveloped Deposits (Copper, Gold, Cobalt & Uranium) The Lumwana Project is a mammoth $715 million undertaking. 

In another related report, shares of Equinox for the Lumwana Project were the most traded at the Toronto Stock Exchange for business day dated July 24, 2007. Momentum is building as investors all around the world are currently looking at having a piece of the pie.  

Meanwhile, Mr. Williams further disclosed that five of the world largest mining corporations have been making attempts for hostile take over of Equinox. Knowing how powerful these corporations are, Equinox may not resist their attempts forever but as of right now, his team is focused on making Lumwana a reality … 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. 

Obamamania continues … US presidential hopeful Senator Barack Obama (IL) did not only heave record dollars ever raised by a black candidate last quarter amounting to $32.5 million (in just three months) outpacing every body including his closest rival former First Lady Senator Hillary Clinton (NY) by nearly $5 million, he also attracted what is now known as “A Crush On Obama”. Watch the video clip by clicking on it … American primaries are some of the most interesting times and this one is also proving to be yet another interesting crimson tide to watch as well as ride. The Senator is a formidable candidate but it is our view at the Zambian Chronicle that given the dynamics of the American Dynasty, Senator Hillary Clinton (NY) will be the nominee for the Democratic Party and will go ahead to win the presidency. 

A Harvard Law School graduate, Senator Obama (IL) will be the first black Vice President should he be chosen as the running mate and as things look right now, that bridge seems narrower by each day to cross given the financial pull and gravitas his campaign would add to Senator Clinton’s who would be the first Woman President … 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.