PRESIDENT Hakainde Hichilema has commended Indo Zambia Bank (IZB) on the construction of the State of Art Corporate Head office, stating that the achievement is as a result of value of working with others.
Mr Hichilema has encouraged the bank to continue working in the trajectory of working with others, as the results yield bonds to stand a test of time.
The Head of State has further encouraged IZB and other financial lending institutions to reduce the cost of money loans, so that more citizens can have access.
Mr Hichilema speaking during the opening of the new IZB bank Head office at the corner of Addis Ababa and Great East Road in Lusaka commended IZB and the entire stakeholders for investing well by opening a state of the art branch.
“The value or working together brings different attributes to the country as we can see from Indo Zambia Bank. I want to encourage the bank to continue on that trajectory on bringing many different facets together. Thank you to stakeholders for investing and growing the seed” he said.
He implored citizens at large to also emulate IZB by working on investing like they have done.
Mr Hichilema further encouraged and implored IZB to continue supporting small businesses and others through their packages stating that such will help grow the country through Public Private Partnership.
He also encouraged citizens that when they have access to capital, they should not rush to buying luxuries , but should instead invest to see the investments stand a test of time.
Meanwhile, Mr Hichilema has said there is no such thing as miracle money, which is why citizens should work hard and diligently as seen by IZB.
“There is no such thing as miracle money. I do not agree. We need to work diligently. Some citizens develop habits of running for miracle money, but that should not be,” he said.
India’s High Commissioner to Zambia Ashok Kumar in reiterating the strong relationship between the two countries said that the Indo Zambia Bank building is one of the strong examples.
“Indo Zambia Bank is a strong example of strong bilateral relationship between Zambia and India,” he said.
He also stated that India is seeking to grow more partnerships with Zambia, with a milk processing and manufacturing company being in the pipelines.
And Indo Zambia Bank Board Chairperson Dr Michael Gondwe commended all stakeholders present for being part of the banks win and further reiterated the banks commitment to the best and quality service delivery.
(Mwebantu, Tuesday, 6th June, 2023)
Kasomeno-Kasenga-Chalwe-Kabila-Mwenda Road to create employment for Zambia and Congo
PRESIDENT Hakainde Hichilema Zambia is dedicated to leveraging Public Private Partnerships in order to deliver infrastructure projects.
The President who today joined his counterpart President Felix Tshisekedi to the inauguration ceremony of the Kasomeno – Kasenga – Chalwe – Kabila- Mwenda Road said Public Private Partnerships not only alleviates fiscal pressure but also encourages active participation from the private sector in economic development.
He said the project’s significance extends beyond regional integration as it will bolster connectivity, improve accessibility, reduce transport costs, and contribute to poverty alleviation by generating jobs and fostering wealth creation.
“We are delighted to have joined His Excellency President Tshisekedi of the Democratic Republic of Congo to inaugurate the Kasomeno – Kasenga – Chalwe – Kabila- Mwenda Road, along with the One Stop Border Post Project, which includes the construction of the Luapula River Bridge.
Zambia and the DRC share robust bilateral relations, and this project exemplifies our commitment to strengthening the ties between our two nations and peoples,” he said.
President Hichilema further called GED Africa the Concessionaire to prioritise the utilisation of local materials and the employment of local people, especially our youth and women.
“Land-linked Zambia’s access to regional and international markets presents a vital opportunity for diversification and growth. The tripartite region boasts immense market potential and GDP growth, which our country aims to harness,” he said.
(Mwebantu, Monday, 2nd October, 2023)
President Hakainde Hichilema to attend ground breaking ceremony of Kasomeno-Kasenga-Chalwe-Kabila Mwenda road project in the Democratic Republic of Congo
PRESIDENT Hakainde Hichilema is today expected to undertake a one-day official visit to the Democratic Republic of Congo where he is expected to grace the ground breaking ceremony of the Kasomeno-Kasenga-Chalwe-Kabila Mwenda Road Project, with his counterpart Félix Tshisekedi.
Ministerof Foreign Affairs and International Cooperation Stanley Kakubo said in a statement that the launch of the project by GED Africa Limited and Partners will take place in Kasenga, DRC.
He said the project includes a road, a One Stop Border Post and a bridge across the Luapula River.
“President Hichilema has continued to underscore the importance of developing transport corridors in a bid to enhance trade links for sectors such as mining and agriculture and provide employment and other long term economic benefits for improved livelihoods of the people along the corridors,” he said.
Mr Kakubo said the project is in line with the Zambian Government’s development agenda
that prioritises the creation of financially viable joint venture partnerships in the region and beyond that are aimed at stimulating economic development and progress.
The Minister said the actualization of the road project attests to the excellent longstanding bilateral relations and cooperation between Zambia and the DRC.
He said Zambia’s active involvement in this project will not only enhance regional connectivity and greater integration but also contribute to improving people’s wellbeing through creation of opportunities for employment and other income generating ventures.
(Mwebantu, Monday, 2nd October, 2023)
Former First Lady, Esther, expected in court today for alleged theft of cars and US$400,000 money laundering
FOLLOWING her recent arrest, former First Lady Esther Lungu, and four others, including two police officers, have been taken to court over alleged theft of three cars and money laundering involving over K1.5million.
Mrs Lungu is also facing a charge of concealing US$400,000 which is reasonably suspected to be proceeds of crime.
The other suspects in the matter are o James Phiri and Lee Chisulo, both police officers of Obama and New Chilenje, respectively, and Catherine Banda and Kapambwe Lungu, whose occupation are yet to be established.
The are facing five counts of theft of motor vehicles, theft and concealing property reasonably suspected to be proceeds of crime.
Allegations are that between August 9, 2021 and September 30,2022, the five stole a Mitsubishi canter registration number BAV 5282 worth K 320,000, belonging to Elizabeth Phiri, who is reportely the former first lady’s niece.
In the second count, allegations are that between the same dates, all the accused persons stole a Toyota Runx Registration number BLA 9772 valued at K 110,000 , the property of Ms Phiri.
It is alleged in count three that between the same dates, the accused stole a Toyota Alex registration number BAV 3986 valued at K 110,000 belonging to Furhana Patel.
In count four, Ms Lungu and others allegedly stole a certificate of title relating to stand number S/LUSAKA/333/2977 situated in Libala , Lusaka water works worth K 1,050,000, the property of Ms Phiri.
In the last count, allegations are that between the same dates, Ms Lungu, a housewife according to the indictment, had in her possession or concealed US$400,000, money is reasonably suspected to be proceeds of crime.
The accused are expected to appear before Lusaka Magistrate Mbuywana Sinvula.
(Mwebantu, Friday, 29th September, 2023)