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2024 Budget proposes K30.6million CDF, K5, 100 Paye threshold



IN its continued quest to implement development in the country, Government, under the Unted Party for National Development (UPND) administration has reiterated its agenda in the 2024 budget presentation.

Government proposes to spend
K177.8billion next years budget.

Minister of Finance and National Planning Situmbeko highlighted several developmental agenda’s that the UPND administration strives to achieve and was outlined in four parts; the global and domestic economic developments, the macroeconomic objectives and details estimate of revenue and its conclusion.

Dr Musokotwane said told Parliament that the budget is stemmed on a proposal to spend around K167.3 billion in all sectors towards improvement of the economy.

The minister stated that development of the country requires perseverance and discipline.

He maintained that Government is working towards addressing the high cost of mealie meal and fuel prices and that the journey to a better Zambia is through collective efforts.

“Madam speaker, the New Dawn government is delivering on its promises to the people of Zambia. Our promise to fix the economy is on course. Growth has rebounded. Budget credibility has been restored. Inflation has been lowered, the exchange rate has been stabilised and concrete steps are being taken to restructure debt.”

“Government is working towards addressing the high mealie meal prices and fuel prices and so the journey to a better Zambia is a collective one,” he said.

Dr Musokotwane said Government has increased the maize price purchase for the farmers under because recently released data showed that they were among the poorest in the country.

He said that farmers are the ones that contribute tremendously to the food basket of the country, yet they are rated among the poorest because they were selling the maize commodity at low prices,

Dr Musokotwane also stated that to improve on the agriculture sector, more farm blocks will be improved by enring the road network and resources in the areas are revamped.

He also touched on the importance of the education sector which he noted was making strides in ensuring that even the vulnerable have access to education, an incentive that only the rich could explore previously.

Dr Musokotwane said to further mprove the education sector, a total of 4,200 teachers will be recruited next year.

On proposals by various sections of society for government to re introduce fuel subsidies, the minister said that subsidies cannot be brought back because the resources have been channelled towards free education.

“Some citizens have called for reintroduction of subsidies for fuel. This means that we may have to abandon free education. In light of what I have said, the focus should be to provide for children and so I believe going back to subsidies is something which will be good for the vulnerable,” he said.

And Dr Musokotwane said to further enhance delivery of development in communities, he proposed that the Constituency Development Fund be increased from K28 million to K30.6 million so as to address various challenges.

He also outlined that in 2024, around 4,000 health workers will again be recruited to cushion the challenges in the health sector,

Dr Musokotwane said other introductions will be the introduction of a whistleblower reward for those that help enable recovery of stolen assets.

On Pay as You Earn Threshold, the proposed increment by the Minister was K5,100 from K4, 800.

(Mwebantu, Saturday, 30th September, 2023)


MultiChoice launches GOtv Stream in Zambia. A new way to experience the best of sports and entertainment!



NO stranger to bringing entertainment into homes across the nation, MultiChoice is expanding its online offering, by introducing GOtv Stream to GOtv customers across Zambia.

“It is no secret that more and more people are leaning toward streaming services to experience uninterrupted entertainment that’s uninhibited by infomercials and ads. GOtv Stream is just another way MultiChoice Zambia is continuing our trend of upward innovation, as we strive to evolve with our audiences and their viewing needs.”, says Leah Kooma, Managing Director, MultiChoice Zambia

MultiChoice and DStv have already made their presence in the digital space with their online platform – DStv Stream, and now GOtv customers can enjoy the same user-friendly, and personalized streaming at their fingertips. The new feature allows viewers to seamlessly watch their favourite programmes and other content on electronic devices, keeping them connected at any time and from anywhere.

Ms Kooma reiterates that, “You may recall, GOtv was officially launched in Zambia on 5th September 2011, and now with the introduction of GOtv Stream customers will enjoy a great online service. What drives innovation for us, is providing our customers with the content they love, in the way that best suits them. As the home of the best sports and entertainment we will continue to deliver unrivalled value and choice for our customers”.

She adds: “GOtv Stream is an online service that will allow all GOtv customers take a subscription and enjoy our content anywhere and at any time. The launch of GOtv will allow us to expand our online offering and bring more great entertainment closure to the customers”.

Some of the functionality available are; Live TV, TV guide, CatchUp, use on up to four devices, downloading content to devices, and Live Chat. All paid up GOtv customers, with an internet connection can download and use GOtv Stream for free – available on Google Play Store or the Apple App Store.

(Mwebantu, Saturday, 2nd December, 2023)

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Government secures an equity partner for Mopani Copper Mines



FOLLOWING the ongoing negotiations to revamp operations at Mopani Copper Mines on the Copperbelt, Government has finally secured an equity partner.

The Equity partner being International Resources Holdings (IRH) an affiliate of Abu Dhabi Conglomerate International holding was selected after an extensive process.

The process was undertaken by ZCCM-IH, together with Rose Child and Company, a company based in South Africa.

In carrying out the process of revamping the mine, which started last year in June, the process focussed on assessing Mopani’s balance sheet due to high level indebtedness and also finding a suitable partner for sustainable development.

Announcing the development, Mines and Minerals Development Minister Paul Kabuswe said the selection of an equity partner will help restore life back into Mopani.

“I wish to announce and I am so glad and exited to announce that after extensive and thorough process, Government through the directors of ZCCM-IH have appointed a strategic equity partner for Mopani. The preferred partner selected is International Resource Holding Limited an affiliate of Abu Dhabi Conglomerate International holding company,” he said.

He said the partner selected is expected to inject funds into Mopani to stabilise short term work requirements, completion of the mine projects and unlock its potential.

Mr Kabuswe also stated that the equity partner will also reset the existing relationship with Glencore.

He further added that other details of the development at Mopani will be announced in due course when signing of the deal is being made.

(Mwebantu, Friday, 1st December, 2023)

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Over 30 people trapped after a mine accident in Chingola



MORE than 30 people are believed to be trapped in an open pit mine in Chingola district on the Copperbelt after a mining accident.

Minister of Home Affairs and Internal Security Jack Mwiimbu said the affected are trapped as a result of earth collapsing and has since asked the nation at large to put the affected in prayer.

Mr Mwiimbu speaking in Parliament said more than 30 people are trapped and the rescue team is on site

“May I just inform the nation that we have a tragedy that is brewing in Chingola where a number of our people have been affected by a collapse of the open pit in Chingola. We have more than 30 people under the rubble and we are struggling to retrieve them. We would like to ask all of us to put our citizens in prayer,” he said.

(Mwebantu, Friday,  1st December,  2023)

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