Zambia Is Now A Donor Nation – North Korea Faces Starvation

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The Zambian Enterprise has now officially entered the donor community for the first time in history.

Zambia has donated over 10,000 metric tones of white corn worth $2.5 million dollars to the U.N World Food Program (WFP) to feed orphans and people living with AIDS, WFP country manager for Zambia, David Stevenson disclosed.

“It is the first time Zambia has done so (donating food) and it’s a tremendous gesture in many ways that shows we are collaborating well with Zambia in meeting the needs of hungry people,” Stevenson said.

He added assessments were underway in Zimbabwe, Lesotho, Malawi and Swaziland on food requirements, and part of the Zambian donation could go to help feed hungry people elsewhere in Africa. 

This donation will also boost local food markets because the government buys its maize from small-scale farmers. So far in 2007, WFP has bought 34,000 tons of food in Zambia valued at US$7.3 million. Over the past six years, WFP purchased 295,000 tons at a cost of US$63 million in Zambia. 

In another development, Josette Sheeran, WFP Executive Director welcomed a critically needed donation worth in excess of US$20 million by the Republic of Korea (South Korea) to WFP’s food assistance to the Democratic People’s Republic of Korea (North Korea), where a lack of funds has already forced the agency to cut back feeding programs for schools and for at-risk infants and small children.  

WFP warned that many millions of North Koreans still face severe food shortages. Even with WFP now being able to reach 1.9 million people, there are still millions of vulnerable North Koreans who are going without food assistance to cover their nutritional needs. 

The Zambian Enterprise may want to find news means and ways to help the North Koreans now that a communiqué is in place, international co-operation is necessary especially if we are the ones on the giving side this time around as in this instance … 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. 

 

Zambia’s Oil & Gas Exploration Underway Soon

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Oil and gas exploration licenses have been put on hold until the end of December 2007 because the current laws are of a lower design than those prevalent to similar nations on the global scale where such prospects are carried out.

 

According to media reports issued in Lusaka this week, Minister of Mines and Mineral Development, Dr. Kalombo Mwansa disclosed that the 1995 Petroleum Act was too weak to handle current exploration prospects thus the need to draw up policies and guidelines to facilitate oil and gas exploration by private companies. 

The first-ever reserves of oil and gas whose microbial analysis showed that 12 sites were positive for oil and six for gas have been discovered in Zambia near the border with Angola. The exploration was initially started in 2004 after prolonged fires that affected the areas, which prompted the government to launch an investigation.  

Zambia‘s northwestern region is becoming the country’s economic mainstay after the recent huge foreign investment at Lumwana Mines, which has one of the world’s largest reserves of copper ore. Lumwana also has a higher grade of uranium than initially thought. Other precious metals at Lumwana include large reserves of gold as well as cobalt.

Should all go as anticipated, the Zambian Enterprise will be set on a path to economic prosperity similar to what the United States of America experienced soon after the Great Depression. Our economy is slated to have exponential inexorableness similar to no other in Africa.

Dr. Mwansa who is also head of the special cabinet committee appointed by the president to oversee these drafts has been doing a fabulous job at the ministry and deserves some kudos from our team at the Zambian Chronicle; Britain, Russia and United States of America have shown interest in prospecting for oil and gas … 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.     

 

The Flintstones, Bozo & Top Cat

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The weekend is here, so for a change we would like to move away from business as usual and relax to watch some cartoons. In the late 70’s and early 80’s nothing was more interesting for young Zambian kids than to come back from school and be on your best behavior wait for 17:00 hours when ZNBC opened their studios to the public to start broadcasting.

You were eager to watch the Flintstones, Bozo and Top Cat. I remember a childhood friend of mine Michael (M) vowing never to stop watching the Flintstones no matter how old he would get … so, enjoy your weekend ladies and gentlemen; have some fun with the Flintstone, Bozo and Top Cat …

The Flintstones 

Bozo 

Top Cat

The Wall Street Journal – Weekend section today carried a story on how Fox Channel has been working on wanting to rekindle all memories of those old glory cartoon days. Their Simpson series has constantly failed to garner the kind of audience the older cartoons did. 

Today’s cartoon audience include adults as well and probably my friend Michael (M) was right but the appeal of the old days is no just there. Does it feel good that the best days are probably over, they probably went with Bozo in the cannon, or Top Cat in the cab but the Flintstones are here for life … thanks a trillion. 

 

Zambia Has Serious Competitors – How To Help Undercut Them

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It is always necessary to know who your competitors are … the Zambian Enterprise has some very serious ones when it comes to being the best destination for investment capital from around the world. 

There is limited cash flow around but unlimited competitors and so new aggressive means and ways have to be available for our Enterprise to increase its competitive advantage.  

The first thing in knowing what needs to be done is identifying those competitors, analyze their strengths and weaknesses then find a way to undercut them.

It is doggy world out there and if we have to be at the cutting edge of this competition, we have to diverse some serious strategic plans to help us achieve out objectives. 

Believe it or not our business unit at the Zambian Chronicle has identified some serious competitors; some in our own backyard while others are up north. Those in our backyard include, Mozambique whose real GDP has been growing at a rate 2% higher than ours.  

This is a serious pace especially that if you considered the fact that US and the Mexican economies were the same in terms of GDP a hundred years ago. However, the US economy was growing at a pace of 1% higher than the Mexican economy and when you factor in power of compounding, the US outpaced Mexico and the rest is history. 

Another serious competitor remains South Africa. To its merit, South Africa can’t be considered a third world nation and capital inflows continue to outpace those of the Zambian Enterprise.

The other nation in our backyard is Angola while Congo’s instability makes us a better destination despite its potential. Up north, Tunisia and Algeria are very serious contenders but for different reasons that can be copied and implemented to help us compete with them. So, here are some things we can do to increase our competitive advantage. 

Ø       Create a tax free zone; choose a province where there are less economic activities and target it as a tax free zone for the next 10 to 15 years. This could be Western, Eastern or Luapula Provinces for instance, just pick one or two. Malaysia did this at the turn of the century and today houses the world’s tallest building even before 911 happened.

Ø       Encourage remittances from nationals living abroad. One reason South Africa, Algeria and Tunisia are outpacing us is because remittances from their nationals living abroad were almost as high as FDI (foreign Direct Investment). In fact, the largest recipients of remittances last year were not the traditional South American countries, it was Sub-Saharan Africans. 

Ø       Lower taxes including VAT if necessary. Lower taxes encourage tax payers to declare more reasonable taxes and discourage tax evasion. This also helps broaden the tax base while those tax savings are easily turned into new investment ventures thereby encourage and or increasing productivity. 

Ø       Deliberate government investment into infra-structure development. One reason Zambia is more attractive is because of its political stability but its greatest disadvantage is lack of infra-structure. Government spending has a multiplier effect seven times larger than that of the private sector. 

Ø       Over 44% of our population lives in urban areas, this is a great asset when compared to Mozambique, Angola and Congo for instance. This is because it would be easier for the Zambian Enterprise to turn this human capital into a highly productive machine than our competitors. 

Our business unit at the Zambian Chronicle will continue to explore more ways as we research issues that will help our Zambian Franchise to be a shining star, because Zambia Is Greater Than Any Single One Of Us … 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.     

 

Zambian Uranium – Higher Grade Than Initially Thought

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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. 

 

Now Available In 7 Other Languages – Zambian Chronicle

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Ladies and Gentlemen:

I am glad to inform our audience and patrons that we have finally broken the supersonic speed of language barriers here at the Zambian Chronicle. You can now read your favorite blog in seven (7) different languages from around the world. 

It is believed that every single human being alive who is literate enough to both read and excogitate can understand one of these languages or at least a dialect of the same. We were prompted to add this feature due to increased traffic and the kind of inquires were receiving from those who have visited our site. Our blog stat info was outstanding … 

For instance, when we posted the Zambia Leads The World – Least Expensive/Fastest Adoption Programs article, we received referrals from all over the world as people were interested in knowing and learning about Adoption Programs the Zambian Enterprise offered. When we posted Just Who Is Carlos Slim – The World’s Richest Man? we received inquires from all over the world, I guess people of all faiths, languages, economic status, styles and backgrounds were interested in knowing who the new kid on the block was.

We don’t receive many comments but on that day a Spanish commentator left one in Spanish. A Weekend With Bill Clinton just brought in even more inquires and so did Hidden Secrets Of Lumwana – World’s Largest Undeveloped Deposits (Copper, Gold, Cobalt & Uranium) and then we had visitors going back A Crush On Obama … America Votes’08 to the day we had the largest number of hits exceeding hundreds of readership was when we posted Best Ever US Ambassador To Zambia – Carmen M Martinez . 

Of course that record (Ambassador Martinez) was broken today when we first published the translated French Version of the Zambian Chronicle; we are very sensitive to the needs of our audience therefore the decision to add more versions.  

We, at the Zambian Chronicle are committed to serving the entire world in letting every one know about the good tidings concerning our country. We are also committed to changing and helping shape the world view of the Zambian Enterprise and what better ways to do that than using our abilities coupled with synergies technology has to offer, welcome aboard … 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. 

 

French Version Of Zambian Chronicle

We are please to inform our audience that we have added a French Version of the Zambian Chronicle for our Francophone readers. In other words we are now multi-lingual. Below is an except of this English Version site translated into French … by clinking on the French Version link, the whole site will apprear in French.

Just another way we are working around the clock to make important issues about the Zambian Enterprise be known around the world regardless of  our audience’s native language. Once you start reading the contents in French you can taggle back to the English Version by using your back button.

We will also be adding links for Russian, Chinese, Spanish and Hebrew in the next coming weeks … thanks a trillion 

Chronique Zambienne

… Puisque la Zambie est plus grande que choisir l’un de nous ! ! !

Tue le 24 jui. 2007

Augmentation de réservations de 28% de la Zambie – monde meilleur que développé

Les réservations de la Zambie étaient s’élever sérieusement épuisé moins d’à 1% de sa dette extérieure en 1998 mais se …

Brainwave R Mumba, Sr.

PRÉSIDENT et président – chronique zambienne

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Zambia’s 28% Reserves Increase – Better Than Developed World

Zambia’s reserves were seriously depleted amounting to less than 1% of its foreign debt in 1998 but have since grown with an accumulation equivalent to about 28% of the same in 2006.

Overall, Sub-Saharan Africa as a whole increased it’s shock absorbers (international reserves) from $21 billion in 1996 to $108 billion last year representing a fivefold growth (see chart) but Zambia’s portion beat this fivefold variable by almost 28 times. This year international reserves for Sub-Saharan Africa are expected to near $131 billion.

Globally, reserves have tripled on average during the same period and, according to the IMF, even the developing world has failed to match Africa’s stockpiling. What we are seeing here is that the African continent is learning the secret of saving for a rainy day.

This is a powerful tool and the Japanese were the first to use it such that by increasing their own reserves they were able to boost their own economy. By 2001, the Japanese held six of the world’s largest banks and the rest is history.

Increased reserves not only increase a countries purchasing power but they also allow the holding nation to increase its credit rating in the world.

Most factors that have helped the Zambian Enterprise are debt-cancellation related. But the biggest winner is the work the Zambia Revenue Authority (ZRA) has been doing in the last six years.

Zambia’s tax regime is highly competitive and some of the expiring tax holidays have also helped increase the tax base. Furthermore, the Bank of Zambia has been doing a fabulous job monitoring inflation, and reducing the money supply.

Such a combination of factors is attractive to the creation of dynamic economy and it is for the same reason that the world’s largest clearing house is looking at including the Zambian currency as an international medium of exchange once certain of their conditions are met … 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.           

 

A Weekend With Bill Clinton

He finally jetted in Friday afternoon and Zambia had her weekend romance with Bill Clinotn. Upon arrival the former US president toured the warehouse with Philippe Douste-Blazy, chairman of the board of UNITAID, an organization formed last year by France and 19 other nations that have earmarked a portion of their airline tax revenues for efforts to fight HIV/AIDS in developing countries. 

From there he went to a soccer tournament with former President Dr. Kenneth Kaunda. Super Ken went ahead and presented a neckerchief to him; Clinton tore off his red tie and put on a green, red and yellow Boy Scout neckerchief presented to him by KK.  

At the tournament, the crowds and dignitaries were ecstatic as the young lads were having a bowl while as per his usual personality had to merriment them charmingly … “Most of the people in Africa, and in the world, who have the HIV virus … do not know it,” Clinton quizzed.

State House was eagerly waiting and he finally arrived at 14:35 Zambian time on Saturday as Zambian officials vied for photos with him some complimenting him for his leadership … “You were great in office, and you are even greater out of office,” Zambia’s health minister, Brian Chituwo, said in a speech. 

President Clinton appended his autograph to the State House guest book and had over an hour closed-door meeting with HE Levy P Mwanawasa, SC.  Zambian dignitaries in attendance included Foreign Affairs minister Mundia Sikatana, Zambia’s ambassador to the United States Inonge Mbikusita-Lewanika and other senior government officials. 

After his meeting at State House, President Clinton arrived later on Saturday evening at Arcades Mall around 19:30 for an unannouced dinner. Shoppers were thrilled to see the former leader of the free world and an excitement frenzy enthused. It was a rockstar moment; President Clinton left immediately after dinner.

He jetted out this afternoon for Tanzania where he held meetings with political leaders on the mainland and in Zanzibar in an effort to break down the remaining resistance to expanding AIDS initiatives.

Zambia and South Africa fall under the “Procurement Consortium Group” while Malawi and Tanzania are under the “Partnership Group” within the Clinton Global Initiative strategies.

President Clinton is expected back in the United States of America by Tuesday and the Zambian Chronicle wishes him God Speed and a safe trip back home … 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.           

 

Levy Might Win Africa’s President of Year (2007) Award From The Zambian Chronicle

This is no time to delve into writing about Levy’s Legacy … those wanting to delve into this will find themselves with a lot to write and rewrite about. Revisionist History on the legacy of HE Levy Patrick Mwanawasa, SC will include volumes on end!!! 

So, we at the Zambian Chronicle want to save our fellow compatriots the time and money they might have to incur by trying to jump ship … just hold your guns; ladies and gentlemen. 

Levy will go down in history as one of the best leaders Africa ever produced – now reading this from our tabloid may come as a surprise to some people but one of the things we pride ourselves in at the Zambian Chronicle is intellectual honesty. 

The annals of the world will be filled with volumetrically inspired information on how Levy fought corruption, how Levy prosecuted his predecessor, how Levy worked hard to have Zambia’s debt get cancelled, how Levy worked hard to stabilize inflation, how Levy worked hard to bring in the largest Foreign Direct Investment (FDI) Africa has ever attracted since the colonial days and how Levy this, how Levy that; the list is endless. 

Historians in the United States of America are still trying to write about George Washington’s legacy (the US first president) two hundred years after the fact and what makes our compatriots think they can start writing about Levy’s when he even has four more years left in his presidency? 

Just hold your guns, ladies and gentlemen; you will have a lot to write about, and a lot to revise when that time comes but for us at the Zambian Chronicle, HE Levy Patrick Mwanawasa, SC might win the Africa’s President of the Year (2007) Award because right now he is in the top three on our matrix system … 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.