Zambia
Zambian leader defends investments in road works
Zambian President Edgar Lungu on Friday defended his government’s decision to embark on massive road works across the country, saying it was necessary to enhance investments. Lungu, who commissioned a newly-constructed flyover bridge in Lusaka, the country’s capital said; “Of course our critics have said, and they continue to campaign that we were reckless for having borrowed but they were shy to tell the people frankly how that money we borrowed had been used.’’ The Zambian leader said his government had prioritised investing money into improving the country’s road networks because of the benefits that would be realised. According to him, investors will only come to Zambia if there is a proper road network. Lungu said that investors were not keen to put up factories in a country with a po...
AFCONQ: Kaizer Chiefs confirm Daniel Akpeyi’s Super Eagles call-up
South African giants, Kaizer Chiefs, has confirmed that goalkeeper, Daniel Akpeyi, has received a call up for Super Eagles’ 2022 Africa Cup of Nations double-header against Sierra Leone in November. The Eagles are billed to face the Leone Stars in a Group L fixture at the newly refurbished Samuel Ogbemudia stadium in Benin on November 13 before playing the return leg four days later in Freetown. Akpeyi manned the posts in the Eagles opening two games of the qualifiers against Benin and Lesotho in November 2019, but missed out of the team’s international friendly games against African champions Algeria and Tunisia earlier this month in Austria. Amakhosi confirmed Akpeyi’s invitation on their website, “Chiefs will be well represented on the international front next month during the internati...
Andrey Arshavin: Moses is a strong character for Russian championship
Former Russian attacking midfielder Andrey Arshavin says Victor Moses’ arrival has strengthened Spartak Moscow and expects him to help the club this season. Moses scored his first goal in Russian football as Spartak Moscow thrashed their hosts Krasnodar 3 – 0 last weekend. The former Nigerian international was also involved in the Moscow derby against CSKA eight days ago. Speaking on the impact of Moses on Spartak Moscow since his arrival, Arshavin who also played for the club during his days, said Moses is a strong character for the Russian championship and has improved the team. “I think it was clear that this is a strong footballer for our championship. Moses has strengthened the necessary position for Spartak.” Andrey Arshavin said “I remember how he played for Wigan against us. He pla...
S&P cuts Zambia to default after Eurobond payment missed
File Photo S&P Global Ratings Services cut its assessment of Zambia’s debt to selective default after it said it couldn’t meet payments and skipped a coupon on its Eurobonds last week. The ratings company didn’t wait for the 30-day grace period after the missed coupon payment to expire. This is the latest blow to Zambia, which is trying to convince bondholders to give it a six-month interest payment holiday while it drafts debt restructuring plans. S&P forecast that the nation will remain in default at least through the six months. “We view the nonpayment of debt service and the statement that the government will not make debt service payments as a default on its commercial debt obligations,” the company said in a statement Wednesday. Get more stories like this on Twitter You Deser...
Plateau United coach seeks financial support to achieve Champions League Semi final target
Plateau United coach Abdu Maikaba has stated that they need the required support to meet the target of semi-finals of the 2020/2021 CAF Champions League. The former Akwa United coach admitted the 2017 NPFL champions will require even more backing and hard work to realize their last-four ambition in the competition – a feat which was last achieved by a Nigerian club – Sunshine Stars in 2012. “They (Plateau State Government) gave us enough support, but actually, we have to work very hard to achieve that target,” he said. “Getting to the semi-finals (of the CAF Champions League) is not an easy task, and we have to work very, very hard. We have to be given all the necessary support to get there. “In terms of personnel, like the replacement of players, I have to get the support to make the repl...
Benue honours Super Falcons star Francisca Ordega
Benue State government has bestowed its honour on her illustrious daughter, Super Falcons star, Francisca Ordega. Ordega was honoured as the Most Outstanding Female Footballer in the state. The award was organised by Benue Coalition for Good governance. Congratulations to me… I am honored for being recognized by my people of Benue state…as the Most Outstanding Female Footballer in Benue State…The award was organized by Benue Coalition for Good governance..proudly Benue/Tiv..thanking you all🙏🏼🙏🏼 pic.twitter.com/hjsP6qIhaL — ordega francisca (@OrdegaF) August 24, 2020 Ordega is however overwhelmed with this honour as she stated on her twitter handle: ‘Proudly Benue/Tiv..thanking you all🙏🏼🙏🏼’ Ordega has been forced to postpone he...
Airtel Africa and Mukuru Partner to Facilitate Money Transfers within Africa
Airtel Africa and Mukuru have partnered to enable Mukuru customers to instantly send cross-border transfers directly to Airtel Money customer wallets in 12 African countries. This partnership will be particularly beneficial for customers making intra-Africa payments from Southern Africa where Mukuru has a leading presence. Customers also benefit from no longer having to physically go to an Agent to receive cross-border payments. Once Airtel Money customers receive the funds, they can be used to pay utility bills, goods and services, transferred to family or can be cashed out at any of Airtel Africa’s exclusive branches, kiosks and agents. “This partnership empowers those without a bank account to be included in the formal financial ecosystem and to move money conveniently, seamlessly and s...
Zambia asks China to cancel its debt
File Photo Zambian President Edgar Lungu has asked Chinese President Xi Jinping for some “debt relief and cancellation” in a telephone conversation between the two leaders. That is according to a statement issued by Lusaka after the chat that reportedly took place on Monday. “President Lungu called for debt relief and cancellation in light of reduced revenue due to the negative impact of the pandemic, as well as competing needs for the country to secure adequate resources to fight the pandemic and to stimulate the economy,” said a statement issued by Spokesman Isaac Chipampe. Zambia’s public debt has increased significantly in recent years although it’s unclear exactly how much is actually owed to China. The two leaders agreed to continue working closely together to safeguard common intere...
Airtel Africa Expands Network with WorldRemit
Airtel Africa and WorldRemit have partnered to expand operations to Rwanda – which means Airtel Money is now available in DRC, Uganda, Zambia, Tanzania, Malawi and Niger. Airtel Money enables mobile money users to send local and international money transfers, make utility payments, pay merchants, save money in their mobile wallets, purchase airtime and access a range of mobile financial products. WorldRemit will enable customers from across the globe to receive money into Airtel Money wallets. Users can use the free mobile app; choose Mobile Money and Airtel as the operator, then follow the prompts. /* custom css */ .tdi_3_195.td-a-rec-img{ text-align: left; }.tdi_3_195.td-a-rec-img img{ margin: 0 auto 0 0; } “The connection to more Mobile Money accounts through Airtel Africa allows us to ...
Zambia health minister denies corruption charges
Zambian Health Minister Chitalu Chilufya on Thursday pleaded not guilty to corruption charges on the first day of a trial for allegedly using ill-gotten gains to acquire property and assets. Chilufya, 47, was arrested last month and charged with four counts of possession of property “suspected of being proceeds of crime”. “I understand the charges and I plead not guilty,” Chilufya told judge Lameck Mwale at the magistrate court in Zambia’s capital Lusaka. Graft investigators homed in on the minister in May after the minister allegedly amassed a sudden fortune. According to court documents, Chilufya bought around $215,000-worth of shares in a lakeside lodge in 2017. He is also accused of using $165,000 to purchase a guest house and $52,000 for a boat. The trial is set to resume on August 4....
Facebook Launches “My Digital World” Across Sub-Saharan Africa
Facebook has launched “My Digital World” – a programme designed to equip the youth and general public across Sub-Saharan Africa with digital skills needed to navigate the digital world. My Digital World is a consolidation of all Facebook digital literacy programmes including Safe Online with Facebook, Ilizwe Lam, and eZibo and will be offered virtually this year to adapt to the COVID-19 pandemic. Facebook has over the years trained thousands of people on digital literacy skills and is this year preparing to train close to 20,000 participants across Nigeria, South Africa, Kenya, Zambia, Senegal, Cote D’Ivoire and Ethiopia on safe, responsible and beneficial usage of the digital platforms. “We remain committed to equipping young people and the general public across Sub-Saharan Africa with th...
Mining Sector Set to Lead Economic Recovery in Zambia
Sourced from Lusaka Times. Despite a challenging business environment in many sectors across the globe, Zambia’s wealth of natural resources continues to open the door for new investors and opportunities. As the world begins its recovery and gradual reopening in the face of the pandemic, traditional industries require energy, innovation and reinvention. ZCCM Investments Holdings Plc. – the mining conglomerate whose major shareholder is the Government of the Republic of Zambia – is signalling its intention to take on a leadership role in Zambia’s recovery with its announcement this week that they are partnering with a new strategic mining play – Array Metals. This company has an estimated inferred resource by JORC standards of 3 million tonnes of gold ore in Mumbwa, with 2.53.5grams per ton...
