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Lusaka businessman Francis Muchemwa popularly known as ‘commander two’ nabbed over his K12 million property suspected to be proceeds of crime

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THE Anti- Corruption Commission (ACC) has arrested a Lusaka Businessman for possession of property worth over K12 million suspected of being proceeds of crime.

Francis Muchemwa,38, of L/26392/M in Silverest area Chongwe, also popularly known as Commander Two,has been arrested and charged with five counts of possession of property suspected to be proceeds of crime.

ACC chief corporate affair officer Timothy Moono had told Mwebantu that details in the first count are that between January 1, 2015 and August 31,2022, Muchemwa allegedly possessed property number L/26392/M, a dwelling house valued at K2,500,000.00 located in Silverest area, Chongwe.

He said in the second count, between January 1,2015 and August 31,2022, Muchemwa is also alleged to possess property number L/26395/M apartments valued at K4,500,000.00 in Silverest area,Chongwe.

“Particulars in the third count are that between 1st January 2015 and 31st August 2022, Muchemwa jointly and whilst acting together with Friltech Networks Zambia Limited, did possess property number L/28477/M/H and L/28477/M/J valued at K3,400,000.00 located in Silverest area in Chongwe.

In the fourth count, Muchemwa jointly and whilst acting together with Altitude Properties Limited, between 1st January 2015 and 31st August 2022, did possess FAW Truck registration number BAR 9059zm valued at US$62,000.00,” he said.

Mr Moono said in the fifth count, Muchemwa jointly and whilst acting together with Altitude Properties Limited, between the same period, did possess FAW Truck registration number BAR 9058zm valued at US$62,000.00.

He said Muchemwa was in the sixth count charged with failure to comply with the provisions of the Income Tax Act contrary to Section 99 (f) as read with Section 98 of the Income Tax Act Chapter 323 of the Laws of Zambia.

Particulars being that Muchemwa and The Frill Pub and Grill,between 1st January 2011 and 31st August 2022, did fail to comply with the provisions of the Income Act.Muchemwa has been detained in police custody and is expected to appear in court soon,” Mr Moono said.

(Mwebantu, Friday, 30th September, 2022)

Politics

Govt dismisses claims of having sold shares to Kansanshi Mine, Kasanda says

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GOVERNMENT has clarified that ZCCM Investments Holdings (ZCCM-IH) has not sold its shares in Kansanshi Mining Plc contrary to the misinformation that has proliferated surrounding the new agreement between ZCCM-IH and First Quantum Minerals (FQM) over the management of Kansanshi Mining Plc.

Govenment spokesperson Chushi Kasanda said under the terms of the deal announced on December 1st, this year, ZCCM-IH will receive a 3.1 percent royalty payment from the revenue of Kansanshi which is operated by FQM.

“This royalty is estimated to be in the region of USD$50 – 70 million per year, depending on the gross value of metal products, mostly copper and gold, sold or otherwise extracted at Kansanshi. This arrangement is valid for the entire life of the mine and follows extended discussions between ZCCM-IH and FQM over the past three years. It replaces the previous dividend-based model and is expected to provide up to twice the revenue to ZCCM-IH compared to the previous arrangement,” she said.

Ms Kasanda said the advantage of this arrangement for ZCCM-IH is that the royalty will be paid out so long as Kansanshi is operational, creating a more predictable and consistent revenue stream that ZCCM-IH can use to raise financing and follow its ambitious investment strategy.

“Dividends, by contrast, would only be paid out when the mine makes a profit. They are also paid out at the discretion of the mine’s Board of Directors. ZCCM-IH will continue to hold its shares in Kansanshi and also continue to be represented on the Board of Kansanshi in order to ensure full visibility and transparency regarding the mine’s operations. ZCCM-IH will also continue to have pre-emptive rights in respect of Kansanshi,” she said.

She said also that this will increase and make more consistent revenue stream , which will allow ZCCM-IH to effectively plan for the future, enabling it pursue an ambitious investment strategy that will create jobs and promote growth in the country’s economy.

“Government advises citizens to remain vigilant and ignore misinformation which claims that ZCCM-IH is abandoning its stake in Kansanshi. This is simply a new arrangement that provides a more beneficial revenue stream while still maintaining ZCCM-IH’s ownership in Kansanshi, oversight of operations, and exposure to its future growth, including the USD$1.25 billion Kansanshi expansion which was approved earlier this year. This arrangement provides a win–win opportunity for both ZCCM-IH and Kansanshi. This is in line with the Government’s vision of promoting sustainable investment in the mining sector,” she said.

(Mwebantu, Saturday, 3rd December, 2022)

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First Lady Mutinta Hichilema did not travel to Dubai using the Zambia Airforce Gulfstream Jet

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GOVERNMENT has discribed as false, social media reports that the First Lady Mutinta Hichilema travelled by Zambia Air Force (ZAF) Gulfstream jet to Dubai to attend the Merck Foundation Africa-Asia Luminary annual conference.

Speaking at a press briefing at the Ministry of Information and Media in Lusaka today, Deputy Secretary to Cabinet for Administration, Dr Oliver Kalabo, said that the reports are not true as the First Lady travelled by a commercial flight to Dubai.

“It is not true that the first Lady travelled by ZAF Gulfstream jet. The truth of the matter is that the First Lady travelled by a commercial flight, Emmirates, flight number EK 714 and tickets provided by the organisers of the conference. She departed Lusaka on 13th November, 2022 at 21:30 hours. Coincidentally, the Gulfstream left at 02:00 hours, the same day, for Dubai, where it was due for routine maintenance. The plane has since been in Dubai and is due to return on 10th December, 2022. This is the fourth time that the jet has gone to Dubai for routine maintenance,” said Dr. Kalabo.

Dr Kalabo further explained that the First Lady travelled to Dubai at the invitation of the Merck Foundation to attend the inauguration of the 9th Edition of the Merck Foundation Africa-Asia Luminary, as guest of honour, held on 15th and 16th November, 2022.

And Information and Media Permanent Secretary Kennedy Kalunga advised citizens not to take whatever is shared on social media as gospel truth, as in this case where the reports are totally false.

This is according to a statement issued by the Ministry’s public and media relations unit.

(Mwebantu, Friday, 2nd December, 2022)

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Zambia to co-host the second Summit for Democracy next year in March

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ZAMBIA is next year expected to join Costa Rica, Netherlands, Korea and the United States in hosting the second Summit for Democracy.

The Summit will demonstrate how democracies deliver for their citizens and the nations are best equipped to address the world’s most pressing challenges.

In a statement posted on the White House website,  the leaders of the hosting nations have stated that they have taken up the call to host inorder to demonstrate uphow transparent, accountable governance remains the best way to deliver lasting prosperity, peace, and justice.

“Today, we the governments of Costa Rica, the Netherlands, the Republic of Korea, the Republic of Zambia, and the United States are pleased to announce that our leaders will co-host the second Summit for Democracy on March 29-30, 2023.

We are living through an era defined by challenges to accountable and transparent governance. From wars of aggression to changes in climate, societal mistrust and technological transformation, it could not be clearer that all around the world, democracy needs champions at all levels,” reads the statement.

The Summit will assemble world leaders in a virtual, plenary format, followed by hybrid gatherings in each of the countries with representatives from government, civil society, and the private sector.

“Together, we will showcase progress made by Summit partners on commitments during the Year of Action, and will reaffirm the vitality of the democratic model and collective action to meet the unprecedented challenges of our time. We look forward to another successful Summit, and accelerating concrete action toward democratic renewal,” reads the statement in parts.

(Mwebantu, Thursday, 1st December, 2022)

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ZAMBIA: COVID-19 STATS

06 Dec 2022, 10:03 AM (GMT)

Zambia Stats

333,746 Total Cases
4,019 Deaths
329,690 Recovered

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