GOVERNMENT says that it will maintain the current subsidies on Value Added Tax (VAT), Excise Duty and Customs (Import) Duty on petroleum products for another three months.
Minister of Energy Peter Kapala says that this is in line with Statutory Instrument (SI) number 3 of 2022 as the current pricing comes to an end on June 30th.
Mr Kapala said VAT and Import Duty will remain waived (or zero-rated) on diesel and petrol, while Excise Duty is waived on Diesel and reduced on petrol.
He said that there is no tax regime on kerosene, as it were.
“Though government policy is not to subsidise fuel imports in an attempt to trim Zambia’s perennial fiscal deficit and secure critical support for the economy, the government is also acutely aware of the impact that unfettered fuel price hikes cause,” he said.
He said the challenging global market conditions had left government with no other option but to adjust fuel prices to match international prices.
“The fuel price increases in Zambia in the last few months have been inevitable to save the country from defaults. The decisions to increase fuel prices have not been easy ones, as these adjustments can increase inflation and consequently add to people’s miseries.However, the resolve by the previous government to borrow unsustainably has deteriorated the economy and the incumbent government is bearing the brunt of these poor machinations,” he said.
Mr Kapala said the current subsidy programme, that has cushioned motorists from the shock of what would be higher prices of petroleum products, will therefore continue for another quarter.
“This, nevertheless, means that billions of Kwacha, which could have been raised from the taxes for the treasury, will be lost through these subsidies. This is a lot to other sectors of the economy that needed those funds.We will review the situation at the end of the third quarter and see whether fundamentals will be in place to remove the subsidies or not,” he said.
(Mwebantu, Thursday, June, 16th, 2022)
Meteorological Department advises members of the general public to keep warm as it warns of Cold temperatures, it anticipates light rain in some areas from June 27 to July 1st
THE Zambia Meteorological Department has advised members of the general public to keep warm as the country is expected to experience very cold weather.
The Department has also advised farmers to secure their harvested produce as the department continues to monitor the weather system.
“Most parts of the country is anticipated to experience reduced temperatures with a chance of light rain over Chirundu, Siavonga, Choma, Mpika, Serenje, Kapiri Mposhi, Kabwe, Lusaka and the surrounding areas during the forecast Period 27th June to 1st July, 2022. This is due to a strong high pressure system positioned over the south-east of the Indian Ocean which will be advecting cold air over most parts of Zambia.”
“Members of the general public are advised to keep warm and secure their harvested produce.
The Meteorological Department will continue monitoring this weather system and will keep the nation updated,” according to a report by the department.
(Mwebantu, Tuesday, June 28th, 2022)
MoH follows up case of suspected movement disorder at Lunte boarding school in Northern Prov.
THE Ministry of Health is following up some suspected movement disorders which affected more than 20 pupils from Lunte boarding school in Northern Province.
On June 21, this year, the school reported numerous cases of pupils reporting similar signs and symptoms of difficulty in walking, weakness, and painful knees and ankles.
Speaking at a media briefing, Health Minister, Sylvia Masebo disclosed that of the 27 pupils affected, 15 have been sent back home by the school management for observation.
“The rest of those with mild symptoms remained in school. These pupils were placed in a designated isolation area within the school confines. Health workers have been assigned to monitor the pupils’ conditions daily.
To date, 18 recoveries were reported from among both those pupils sent home and those under school isolation. I wish to offer the affected pupils and their families my assurance that this suspected movement disorder may not be a public health emergency,” she said.
(Mwebantu, Monday, June, 27th, 2022)
CNBM takes solid actions to contribute to sustainable development in Zambia
Over the past seven years, the Zambia Industrial Park funded by China National Building Materials Group Co., Ltd. (CNBM) has integrated into the local community, fulfilled its social responsibility, and guided enterprises to pursue high-quality development and create values, contributing to sustainable development in the country. Construction of the Zambia Industrial Park started in 2015 and began operations in 2018.
CNBM Zambia Industrial Park Zambia staff dormitory
Adhering to the core values of “innovation, performance, harmony and responsibility,” the CNBM Zambia Industrial Park has remained committed to conducting operations through advanced technologies and competitive production capacity and pursuing win-win cooperation through integration into the Zambian culture.
The late Dr. Kenneth David Kaunda, the first President of Zambia, recognized the CNBM Zambia Industrial Park’s active role in promoting Zambia’s economic development during his visit to the industrial park.
Zambia’s first President, the late Dr Kenneth David Kaunda during a visit to the park
Believing that employees are a core asset of an enterprise, the CNBM Zambia Industrial Park has been committed to ensuring the career security of its employees and creating a sound working and living environment for them. It has guaranteed that employees get a physical examination once a year. The industrial park has taken science-based COVID-19 control measures during the pandemic period to protect the health and safety of its employees responsibly. In addition, the industrial park has regularly held various vocational skills training sessions and established incentive mechanisms to support employees’ career development. It has also actively carried out rich recreational activities after work to enhance employees’ sense of belonging and happiness.
By taking root in the local community, the CNBM Zambia Industrial Park has deepened communication in community development, actively donated funds to facilitate education, and carried out free clinical programmes and donation activities in areas that need support. It has actively created wealth for the local community and promoted cultural exchanges for a long time.
Carried out donation activities, road expansion, free clinical programmes, and donated funds to facilitate education to improve the lives of local people, Zambian employees and their relatives
The CNBM Zambia Industrial Park has attached importance to corporate talents, promoted fair employment, and protected the legitimate rights and interests of employees. It has valued the development of employees, providing them with a stage to showcase themselves. It has also adhered to the principles of openness, competition and merit in recruiting, training and stimulating employees to establish harmonious labour relations and promote common development and growth of enterprises and employees.
The CNBM Zambia Industrial Park will work together with all parties to contribute more to local economic development, social advancement, ecological protection and cultural exchanges through innovation, openness, integration and sharing.