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K700, 000 worth of smuggled alcohol meant for Christmas season seized by ZRA

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THE Zambia Revenue Authority (ZRA) has intercepted three trucks loaded with alcohol worth about K700, 000 in taxes which was believed to be meant for Christmas celebrations.

And the authority has also intercepted 568 cases of smuggled counterfeit Kiwi shoe polish worth about K342, 160 from the Nakonde route which were concealed under floor tiles.

The alcohol trucks were intercepted by the ZRA elite anti-smuggling squads working together with customs officers from Chirundu boarder post.

ZRA Corporate Communications Manager Topsy Sikalinda told Mwebantu in a statement that one of the trucks was intercepted in the southern province on the new bottom road off Siavonga in the bush were it was found offloading into two canter trucks and two small buses.

He said the other two trucks were intercepted in Chirundu district after the border town with forged documents purporting to be carrying various furniture fittings.

“These are pure cases of forgery, false representation and attempted smuggling contrary to the customs and excise act Chapter 322 of the laws of Zambia. We want to make it very clear to the owners of these consignments that this is a straight seizure, and we shall recommend for forfeiture of both the goods & trucks to the state,” Sikalinda warned.

In a related development the authority has intercepted 568 cases of smuggled counterfeit Kiwi shoe polish worth about K342, 160 on the Nakonde route which were concealed under floor tiles.

 

Business

MultiChoice Launches the Mwatipanga Campaign;

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IN celebrating their 25th anniversary, MultiChoice Zambia has launched the #Mwatipanga Campaign.

The campaign is aimed at celebrating 25 years of Enriching Zambian Lives by recognizing the MultiChoice family; including customers, agents, installers, employees and everyone that is part of the MultiChoice Zambia family. During the campaign, which is scheduled to run from August to December 2020, customers can look forward to being part of exciting activities including free subscription, surprise giveaways and so much more. To learn more, visit the DStv and GOtv Facebook pages. 

#Mwatipanga 

 

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Beirut explosion kills New Horizons Printing Director 

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THE massive explosion that ripped through a port in Beirut, Lebanon on Tuesday has killed a Director of Zambia’s New Horizons Printing Press(NHPP)based in Lusaka.

A source close to the family has confirmed that his brother, Nehme was killed in the explosion as he lived near the area where it occurred.

A large blast in the Lebanese capital, Beirut, has killed at least 70 people and injured more than 2,700 others.

Shawky and Nehme are Directors of NHPP and
Shawky represents Zambia as Honorary Consul General in Beirut.

NHPP was founded in February 2000. It employs over 300 people.

The business started commercial printing such as catalogues, magazines, brochures and books and since then we have been re-investing into this industry in various diversified sectors.

NHPP also introduced state-of-the-art machineries to print paper bags packaging for application like sugar, flour and mealie meal as well as other industries.

Videos showing smoke billowing from a fire, then a mushroom cloud following the blast at the city’s port have emerged.

Officials are blaming highly explosive materials stored in a warehouse for six years as the cause of the massive explosion.

 

 

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72 per cent of Zambian businesses are unable to raise funds due to COVID-19, FSD Zambia

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HIGHLIGHT results of a survey on the financial impact of COVID-19 on Micro and Small Enterprises (MSEs) conducted by FSD Zambia in collaboration with BFA Global show that Zambian businesses critically need working capital, with 72 per cent of businesses unable to raise funds.

This is according to a statement released by FSD Zambia Head of Communications, Eneyah Phiri.

Phiri states that the research, which was aimed at understanding the economic situation from the perspective of MSEs, shows that about 40 per cent of MSEs are seeing a significant decrease in revenues.

“The survey was also designed to assess MSE digital readiness as a method to limit the impact of COVID-19. Despite these odds, most MSEs foresee continuing operations. They are confident that their business revenue is enough for the same level of production and are optimistic about recovery” Phiri said.

As recent studies have shown, the lowest income segments are particularly vulnerable to the economic impact of the coronavirus pandemic and the resulting economic slowdown. The survey by FSD Zambia and BFA Global was conducted to better understand the effects of the crisis on MSEs in the country.

Meanwhile, FSD Zambia Chief Executive Officer, Betty Wilkinson, said, “The key issue of gaps in working capital is important. So is the optimism and commitment of small firms to stay alive through the challenging COVID-19 period. FSD Zambia will be looking for options to help financial institutions grow working capital loans and expand our own Working Capital Access project to help these enterprises survive and thrive.”

The results of the survey will help FSD Zambia, Government and other financial market players to fill the gap in digital technology, to facilitate commerce not only in the time of COVID-19 but in the near future. As MSEs are encouraged to adopt the use of digital platforms, partnerships among key stakeholders of the sector should aim to improve internet connectivity issues, technological infrastructure and lower prices of digital financial services.

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Meet the Farmes Summit 2020

ZAMBIA: COVID-19 STATS

05 Aug 2020, 11:04 AM (GMT)

Zambia Stats

6,793 Total Cases
173 Deaths
5,109 Recovered

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