PRESIDENT Hakainde Hichilema says Government is focused on securing the country’s energy generation and supply surplus.
He has reiterated keen interest on strong partnerships between the country and regional investors to develop energy projects in the country.
The Head of State has also encouraged local entities to participate in joint venture investments such as in mining to help accelerate economic development.
He said this when he met Rostam Azizi, the Chairpersin of Tanzania’s Taifa Group, at State House.
“Adding value to our mining sector will accelerate economic development, create employment and business opportunities along the value chain and I am very keen to see joint venture investments between local Zambians and regional partners to achieve this,” he said.
Mr Azizi, is in the country to meet with various government and private sector entities relevant to the investment opportunities that his company has identified to make in Zambia.
“Tanzania and Zambia share very strong historical ties of friendship, trade and common experiences. This history and ties must now transcend into high value economic returns to our two countries.” Mr Hichilema said.
And Taifa Group, through its subsidiary Taifa Gas Limited, recently announced its first joint venture investment with Zambian entity Delta Marimba to develop a 100MW gas powered generation plant in Kasama.
And Mr Azizi said President Hichilema’s invitation is a challenge to African investors to bring capital to Zambia.
He said also stated that he would be extending his network to bring other businesses to Zambia to explore the many opportunities the country offers, working in partnership with the local Zambian investors that are already putting money in the economy.
“Zambia is in the right position to attract more investments and as Taifa Group, we will do our best to ensure that more regional investors come to Zambia. Taifa Gas will particularly leverage the strong and positive relationship between Zambia and Tanzania to develop opportunities in energy and mining, and I am happy that we already have local partners,” he said
(Mwebantu, Friday, 20th October, 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)
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)
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)