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Situmbeko Musokotwane says debt needs restructuring in the country

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FINANCE and National Planning Minister Situmbeko Musokotwane says Zambia’s debt needs to be restructured because it is unsustainable.

Dr Musokotwane said government is commitmented to the debt restructuring process and economic transformation through the Eighth National Development Plan (8NDP) and strong public and private sector business linkages.

The Minister was speaking in Accra, Ghana  during a bilateral meeting with Japanese Vice Minister of Finance Masato Kanda complimented government efforts in attracting investors to Zambia.

“I am calling for more Japanese investment in Zambia as a way of complimenting the efforts Government is making in attracting investors from all regions. Government’s agenda is to ensure greater economic sustainability, job creation and wealth formation,” he said.

And Japanese Vice Minister of Finance Mr Kanda outlined that climate action related investment was currently very essential and should be pursued.

“The time for private investment to be channeled towards Africa is now ,because the continent has an edge over other regions of the world due to it’s young and expanding population.Investments should come to Africa from the savings made in places facing declining populations like Japan,” he said

Mr Kanda said that Japanese investors are looking for success stories from Africa that have a positive demonstration effect on prospective investors.

“Japan will be holding the TICAD International Conference in August, 2022, at which event, the Japanese private sector will be exploring collaboration with partners from Africa. We are also quite happy to explore other channels of private sector investment through the African Development Bank, the World Bank, and other establishments for supply chain diversification.

Our Tokyo Office of the AfDB is a platform for Japanese firms to collaborate with their counterparts in Africa,” he said.

Mr Kanda added that under the G-20 common framework, ‘countries lenders countries’ should be open to restructuring and reduction through careful, and diligent dialogue – based on clear understanding of the economic realities of the countries in debt crisis.

Dr. Musokotwane also held bilateral talks with India and the African Development Bank.

The Minister is in Accra for the ongoing Annual Meetings of the African Development Bank Group – 23rd to 27th May, 2022.

(Mwebantu, Friday, May, 27th, 2022)

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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

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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)

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MoH follows up case of suspected movement disorder at Lunte boarding school in Northern Prov.

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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)

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CNBM takes solid actions to contribute to sustainable development in Zambia

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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.

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ZAMBIA: COVID-19 STATS

28 Jun 2022, 5:32 AM (GMT)

Zambia Stats

325,348 Total Cases
4,003 Deaths
320,234 Recovered

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