POLICE in Lusaka through the Investigations Team have arrested and charged Maxwell Chongu,a businessman 41 and Rozyna Mumba a 37 year old housewife.
The duo who are directors of Greenside Suppliers and Investments Limited have been arrested for the offences of undertaking construction works without a valid National Council for Construction Certificate.
In a statement, police deputy spokesperson Danny Mwale said Chongu and Mumba of Avondale, Lusaka have also been charged with obtaining pecuniary advantage by false pretences and money laundering activites.
“The duo through their company Greenside Supplies and Investments Limited secured a sub-contract with the AFCONS Infrastructure Limited in the construction of Lusaka City Decongestion Project in May 2019 without a valid National Council for Construction Certificate and thereby obtained a pecuniary advantage of USD 48,512 from the Government of the Republic of Zambia,” he said.
Mr Mwale said the investigations team has since seized and restricted a house on stand No F/378a/A/1223 valued at K 1,850, 000 and Mercedes Benz Truck valued at K140, 000 which are proceeds of the money obtained from the contract.
He said the two suspects have been released on Police bond awaiting court appearance.
(Mwebantu, Monday, 21st November, 2022)
Govt dismisses claims of having sold shares to Kansanshi Mine, Kasanda says
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)
First Lady Mutinta Hichilema did not travel to Dubai using the Zambia Airforce Gulfstream Jet
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)
Zambia to co-host the second Summit for Democracy next year in March
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)