President Hakainde Hichilema says Government is determined to mobilise domestic investments as it is key to driving economic growth and job creation. President Hichilema says mobilising domestic investments will help the country achieve economic growth and provide opportunities for young people. The President further says there is need for the country to harness technology and innovation as it seeks to have increased trade opportunities and markets for products. He said this when he officiated at the second Private Sector Day held in Lusaka. The President also commended the Public Private Dialogue Forum -PPDF- for providing a platform for both public and private sectors to work together to improve the business environment. And Finance Minister Situmbeko Musokotwane said Government working with the banking sector has set aside 30 million dollars for small scale farmers who want to access affordable resources under a credit window. Read more: ZNBC
Thirteen Industrial Development Corporation (IDC) subsidiaries incurred losses amounting to over K1.8 billion in 2022. The same companies also incurred losses amounting to over K746 million in 2021. This is as revealed by the Report of the Auditor-General on the Accounts of Parastatal Bodies and other Statutory Institutions for the financial year ended December, 31, 2022. The report highlighted that out of the 30 State-Owned Enterprises in which IDC holds 62.28 percent to 100 percent shareholding, only five declared dividends amounting to K61, 334, 600 and K62, 012, 587 in 2021 and 2022. Read more: Zambia Monitor
The Ministry of Agriculture has launched the agriculture 2022-2026 strategic plan under the theme, ‘A smart and value-centered ministry ensuring food, nutrition income security.’ Acting Minister of Agriculture, Makoza Chikote, said the launch of the 2022-2026 strategic plan showed that government through the Ministry of Agriculture was moving in the right direction. Chikote added that the success of the strategic plan once released would secure the country’s income security and create jobs. Read more: Zambia Monitor
Jubilee Metals Group said on Tuesday it has formed a strategic partnership with Abu Dhabi-based International Resources Holdings (IRH) to recover copper from a historic waste dump in Zambia. Africa’s number 2 copper producer Zambia last month picked IRH, a unit of Abu Dhabi’s most valuable listed company International Holding Company (IHC), as the new strategic equity partner in the state-owned Mopani Copper Mine. IRH, which was not immediately available for comment, is actively pursuing the acquisition of metal assets including copper, nickel, graphite, manganese, cobalt and lithium which are essential to the UAE’s clean green energy drive. Jubilee, which mainly focuses on recovering metals from mineral waste, said it had secured IRH’s investment to process an estimated 350 million metric tons of copper waste rock, which could potentially yield “in excess of 20,000 tons per annum of copper at a cost of below $4,000 per tonne of copper”. Read more: Reuters
In an effort to improve internet connectivity, Zambia has established fourth-generation (4G) internet as a standard. The strategy will conclude in the country’s removal of 2G and 3G networks. The intentions were presented by Felix Mutati, minister of science and technology, at the recently finished first Information and Communications Technology, Postal and Courier Services awards. “We’re getting rid of 2G. We want all towers to have internet access,” the minister stated. “Every tower from now on will only be 4G and upwards internet enabled.” He stated that the development was in line with the government’s commitment to President Hakainde Hichilema’s determination to use ICT as a catalyst to better Zambians’ lives. Read more: IT Web |
|