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BOZ Chief calls for effective ways of linking informal and formal banking services

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Dr Denny Kalyalya

The Bank of Zambia (BOZ) has called for effective ways of linking informal and formal banking services to improve financial inclusion.

BOZ Governor Denny Kalyalya says new financial services such as village banking and savings groups have proved to be effective financial service provider agents in rural and urban areas.

Dr. Kalyalya notes that in recognition of the importance of formal financial inclusion the Central Bank is collaborating with SaveNet to develop channels which will link informal savings group to formal financial services.

He has observed that several regulated financial service providers and mobile money operators have already started designing products aimed at tapping into the market.

Dr. Kalyalya says the BOZ is adopting various initiatives such as facilitating the expansion of the general service access point network of health, education and agricultural organizations through government aimed at enhancing rural financial inclusion.

Dr. Kalyalya was speaking in Lusaka last night during the launch of the 2019 world savings day themed “Be Money Smart: Savings Give Life a Lift.”

And Bankers Association of Zambia Chairperson Kola Adeleke said financial literacy is key for developing countries like Zambia because it has a direct impact on economic growth, sound financial systems, and poverty reduction.

Meanwhile, NATSAVE Chief executive officer Mukwandi Chibesakunda said policymakers can provide tools that increase investments in financial inclusion strategies that address behavioral factors related to savings.

Dr. Simon Miti warns Civil Servants who abuse the Payroll, FISP and Cash Transfer Schemes

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Dr Simon Miti
Dr Simon Miti

Secretary to Cabinet Dr. Simon Miti has cautioned civil servants across the country that appropriate action will be taken against those found wanting for the irregularities in the management of the payroll, Farmers Input Support Programme (FISP) and social cash transfer.

Dr. Miti urged the Public Service Management Division, Accountant General’s Office, all Service Commissions and the Smart Zambia Institute to set-up their efforts which are showing very positive results by deploying the biometric and another innovative system to curb fraud in the management of the public resource.

The Secretary to Cabinet said this in Lusaka during the firth public senior management meeting.

“I am also directing all Permanent Secretaries to profile funded projects and implement measures to increase the absorption capacity and expedite project implementation. Take note that at the next cluster reporting, you will be required to demonstrate an improvement in this area,” he said.

“Further, concerns have been raised over continued invitations by various ministries for His Excellency President Edgar Lungu to commission projects or programs that are still in conceptual stages and are not ready to commence implementation. This must stop with immediate effect. Let us utilize the services of the public investment planning department in the Ministry of National Development Planning to ensure that our projects are fully appraised and avoid funding gaps during implementation.”

Dr. Miti observed the need to pay particular attention to the recent report of the Auditor General and ensure that issues raised in the report are addressed with the urgency they deserve.

He further directed the Internal Audit oversight committee to ensure that decisive action is taken to resolve the queries raised by the Auditor-General in the report and commend appropriate action against erring officers.

Earlier, Dr. Miti launched the Public Service Vision with an emphasis that the Cabinet Office will put in place a monitoring and evaluation system to track the operationalization of the vision at all levels.

“My office will ensure that necessary measures are taken against individuals or institutions not taking measures to support the attainment of the vision,” said Dr. Miti.

The Lusaka Road Decongestion Project to be completed 9 months a head of Schedule

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Dr. Chomba inspecting Road works in Lusaka
Dr. Chomba inspecting Road works in Lusaka

AFCONS Infrastructure Limited the company working on the Lusaka Road Decongestion Project says the project will be completed nine months before the set target.

Company’s Project Manager Subrata Bandyopadhyay has told the Ministry of Local Government Permanent Secretary Dr. Eddie Chomba that the project which was supposed to be completed in September 2021 will be completed in December 2020.

“Sir we were supposed to complete in September 2021 but it will be completed in December 2020, 9 months ahead of schedule.” Mr. Bandyopadhyay stated.

Meanwhile, Dr. Chomba was delighted that he would be giving a positive report back to the Zambians.

“That is very important and I think our people who are the beneficiaries of this project they’ve got to know …They’ve got the right to know and it’s us who go back to them to say that the schedule of works is like this.” Dr. Chomba indicated.

He said it was important for technocrats to report to the Zambian People before being queried by the media.

He shared the view that reports cards should be communicated to the Zambians in all languages adding that beneficiaries of such projects are not just those who speak English.

Meanwhile, Dr. Chomba stated that the Decongestion Project will also take into consideration the safety of street vendors.

And Dr. Chomba stated that government had made ways in mitigating accidents such as that which occurred at Buseko Market a couple of days ago.

Dr. Chomba inspecting Road works in Lusaka
Dr. Chomba inspecting Road works in Lusaka

Zambia has a lot to learn from Botswana for having no Political Tensions after an Election

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President Edgar Lungu says Zambia has a lot to learn from Botswana how that country transfers power after an election without tension.

President Lungu says Botswana has been able to conduct a smooth handover of power from one leader to another since Independence, which he says is commendable.

He also says it is not healthy that the country should experience political tension after elections.

Speaking to ZNBC News in an interview in Gaborone today President Lungu urged parliamentarians to learn from Botswana’s experience and come up with a constitution that reduces tension and ensures an orderly handover of power.

He said all MPs should debate the Constitution bill number 10 which is in parliament with the interests of the nation at heart.

President Lungu who was in Gaborone to witness the swearing-in ceremony of President Mokgweetsi Masisi after his re-election wondered why some MPs shun their responsibility to their electorate and the nation by boycotting parliamentary sessions.

He said it is sad that a certain grouping of Parliamentarians abscond parliament just because they have been instructed to do so by their political leaders.

And President Lungu says the country must avoid the 2016 scenario where the announcement of election results was delayed.

He observed that such a scenario caused panic among citizens.

Access to Information Bil will punish those publishing false information-Siliya

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Information and Broadcasting Minister Dora Siliya featuring on Hot FM’s HotSeat radio programme
Information and Broadcasting Minister Dora Siliya featuring on Hot FM’s HotSeat radio programme

Chief Government Spokesperson Dora Siliya has said that the Access to Information Bill once enacted will stiffen punishment for people who publish false information.

Ms. Siliya, who is also Information and Broadcasting Services Minister, also said that the government would proceed to put in place a Self-Regulation Mechanism for journalists, adding that journalists have failed to meet the deadline to present their own Self-Regulation Mechanism.

Mrs. Siliya said this in parliament when she made a Policy Statement on the Ministry of Information budget.

PF MPs from Copperbelt wants the Party’s 2020 Convention Shelved, and President Lungu made sole candidate

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The PF MPs based on the Copperbelt during a news conference at Protea Hotel in Ndola
FILE: The PF MPs based on the Copperbelt during a news conference at Protea Hotel in Ndola

A caucus of Members of Parliament from the ruling Patriotic Front (PF) on the Copperbelt has requested the party through the office of the Secretary-General not to go for a convention in 2020.

The Parliamentarians say going for a National Convention to choose the Party’s Presidential candidate ahead of the 2021 General Elections will not be necessary because there is already a consensus on President Edgar Lungu.

Caucus Chairperson Evans Chibanda has told ZNBC news that the MPs have instead asked the PF Secretary General Davies Mwila to call for a General Council in which President Lungu will be picked as a sole candidate.

The Mufulira lawmaker who was flanked by Chifubu Member of Parliament Frank Ng’ambi and Nchanga MP Chali Chilombo said the Copperbelt MPs have also reaffirmed their endorsement for the President LUNGU as the PF’s 2021 Presidential Candidate.

And Dr. Chibanda said the PF Secretary-General will soon be informed formerly through writing about the Copperbelt MPs’ call for a general council.

Meanwhile, Dr. Ng’ambi said the MPs on the Copperbelt have been motivated by the leadership style of LUNGU and as such would want him to continue for another term.

Green Eagles upbeat ahead of Sunday’s must-win CAF Confed date

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Green Eagles midfielder Caesar Hakaluba believes they have the capacity to pull off a dramatic comeback this Sunday away in Morocco and qualify to the 2019/2020 CAF Confederation Cup group stage.

Eagles arrived in Agadir on Tuesday ahead of Sunday’s must-win last 32, final leg date against Hassania Agadir locked at 1-1 from the first leg on October 27 at National Heroes Stadium in Lusaka.

Hakaluba said Eagles cannot afford to stumble for a third successive time at a critical stage since making their continental debut last season.

Premiero de Agosto of Angola eliminated Eagles from the 2019/20 CAF Champions League pre-group stage in September to see them demoted to the CAF Confederation Cup.

But Eagles’ 1-0 final leg away win in Luanda was not enough after Agosto had beaten them 2-1 in Lusaka to qualify to the group stage on away goals rule.

Last season, Hussein Dey of Algeria ejected Eagles from the second stage of the CAF Confederation Cup beating them 2-1 in Algiers in the final leg following a 0-0 first leg result in Lusaka.

“Looking at the previous games, we have learnt hard lessons and wouldn’t want this chance to pass us by,” Hakaluba said.

“So we are working extra-hard so that this time we can go into the group stage.

“What I can promise our fans is we will work extra hard, we will not disappoint them so that we qualify to the group stages.”

Eagles are one of two Zambia’s sides in the race to qualify to the CAF Confederation Cup group stage this weekend.
Zanaco host Cano SA of Equatorial Guinea this Sunday at Heroes Stadium in Lusaka armed with a healthy 3-1 away victory they collected on October 27 in Malabo.

Unbeaten Zesco United test bruised Arrows’ character

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Zesco United and Red Arrows clash in the early-season big-one this Saturday at Nkoloma Stadium in Lusaka.

Leaders Zesco visit Arrows undisputed this season with a one hundred percent start to the 2019/20 FAZ Super Division campaign on maximum 24 points from eight matches with a game in hand.

Second placed Arrows, though, return to league action just four days after a humiliating 3-0 away loss at Nkana.

That defeat ended Arrows unbeaten start to the season in which they has won six and drew two games prior to the loss at Nkana.

Arrows coach Chisi Mbewe said the onus was on them to redeem themselves following a second-best display in Kitwe last Wednesday.

“We are playing well and we have set goals this season but it shall not be a smooth path to attain our goals of playing continental football. We should expect to pass through such situations but the important thing is how we rise through such situations,” Mbewe said.

“Yes, we have another big game but this time around we will be at home.

“But like I said, the most important thing is how we rise from this situation and be able to pick points if we want to compete in CAF next season.”

But Arrows head into the match without defender Joseph Zimba who was sent-off in late in the second half against Nkana.

Zimba’s adds to Arrows defensive frailties that saw Mbewe improvise against Nkana with right-back Benedict Chepeshi paired in central defence Bronson Chama.

Meanwhile, Zesco are looking souped -up with top scorer on 8 league goals Jesse Were hoping to continue from where he left off in mid-week against Lusaka Dynamos in that 4-2 home win in which he scored a hattrick.

Another victory will see Zesco open a seven point lead to 27 points regardless of other results this weekend outside the top two.

FAZ SUPER DIVISION
WEEK 10
02/11/2019
Nakambala Leopards-Nkana
Power Dynamos-Kabwe Warriors
Kansanshi Dynamos-Nkwazi
Mufulira Wanderers-Kabwe Youth Soccer Academy
Green Buffaloes-Buildcon
13h00: Napsa Stars-Forest Rangers
15h00:Red Arrows-Zesco United
07/11/2019
Lumwana Radiants-Zanaco
Lusaka Dynamos-Green Eagles

Failure rate in GCE Exams for 2019 more than doubles

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General Education Minister David Mabumba
General Education Minister David Mabumba 

22, 734 candidates failed the General Certificate of Education Examinations in 2019 showing an increase in the failure rate to 13 percent from 6 percent last year.

Of the 127, 456 candidates that sat for the exams, 96, 019 candidates obtained the GCE Certificates of which 31, 682 were male and 64,337 were female.

Announcing the results in Parliament yesterday, General Education Minister David Mabumba said the best pass rates were in practical subjects at 68.3 percent followed by Literature and Languages at 47.07 percent and Social Sciences and Business studies category at 33.83 percent.

Mr Mabumba told the House that Natural Sciences category was the least with pass rates of 14.9 percentage points.

Meanwhile, Mr Mabumba said 23,969 candidates that sat for 2019 Grade 9 external examinations have failed showing a failure rate of 30 percent.

He said 55,721 out of the 79, 690 candidates that sat for the 2019 grade 9 external examinations have passed representing an increase of 8 percentage points from 2018

Mr. Mabumba said out of the 23, 969 that failed 10, 658 were males representing a 44.4 percent while 13,311 were females representing 55.5 percent respectively.

Chief Madzimawe calls for close colloboration in the fight against genitalia elongation

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FIRST Lady Esther Lungu with chief Madzimawe of the Ngoni people in Chipata after she paid a courtesy call on him at his palace

Chief Madzimawe of the Ngoni speaking people in Eastern Province says there is need for close collaboration among stakeholders in fighting female genital elongation.

The Traditional Leader said this is a harmful practice recognized as a form of female genital mutilation and has seen some girls and women in Zambia and in Southern Africa being forced to pull and elongate their genitalia because of demands by sexual and traditional practices.

Chief Madzimawe said the practice prevalent in most SADC countries, has now been included on harmful practices such as gender-based violence and early child marriages that authorities are fighting.

He was speaking on the sidelines of the 4th Specialized Technical Committee meeting on Gender Equality and Women’s Empowerment being held in Addis Ababa.

And Chief Chamuka of the Lenje speaking people says he is committed to working with President Edgar Lungu in his ambitious programme of ending child marriage in Zambia.

Chief Chamuka said the honor bestowed on President Lungu as African Union Champion on Ending Child Marriage has seen Zambia implement programmes that will lead to complete elimination of child marriages.

He said his chiefdom has banned child marriages and has gone further to retrieve girls that have been subjected to the Vice.

Chief Chamuka further commended government for coming up with empowerment programmes for women in rural areas as doing so would contribute to women being self-reliant and not prone to gender-based violence.

He further said he would support President Lungu’s development agenda because the President had clearly indicated that he will develop Zambia without leaving anyone behind.

And Zambia’s Ambassador to Ethiopia and Permanent Representative to the African Union Emmanuel Mwamba said the role of traditional leaders in ending child marriage is paramount.

He also announced that President Edgar Lungu would chair a side event on ending child marriages, GBV and Gender mutilation during the January/Febuary 2020 Ordinary Heads of States Summit to be held in Addis Ababa, Ethiopia.

This is contained in a statement issued by First Secretary Press and Tourism at the Zambian Embassy in Ethiopia Inutu Mwanza.

ZAMTEL is not for Sale, IDC dismisses Indian Rumours

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IDC Group CEO Mateyo Kaluba chats with Zamtel CEO Sydney Mupeta during the launch of the Woodlands Customer Service Centre
IDC Group CEO Mateyo Kaluba chats with Zamtel CEO Sydney Mupeta during the launch of the Woodlands Customer Service Centre

Zamtel’s shareholder, the Industrial Development Corporation has dismissed allegations that the Government is planning to sell the company to Bharti Infratel of India.

Reacting to a story which appeared in today’s edition of the Mast under the headline “Govt planning to sell Zamtel to Bharti Infratel”, the IDC Group Chief Executive Officer Mateyo Kaluba, said the IDC is in no discussions with Bharti Infratel and has never engaged any organisation to buy Zamtel.

He further said the IDC remains committed to transforming the telecoms company as a subsidiary of the IDC Group.

Mr Kaluba added that Zamtel has attained key milestones in achieving transformation through innovative products and services.

He commended the Board, Management and staff of Zamtel, for embracing the transformation plans of the IDC and expressed confidence they had the capacity to grow the company into a viable and profitable business, which would ensure it remains a key player in the telecoms sector.

This is according to a statement issued to the media by Namakau Mukelebai the Industrial Development Corporation Public Relations Manager.

AU calls for the immediate removal of sanctions imposed on Zimbabwe.

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The African Union has called for the immediate removal of sanctions imposed on Zimbabwe.

In supporting the Communiqué of the Southern African Development Community-SADC- on the issue, African Union Chairperson Moussa Faki Mahamat said the continued economic sanctions on Zimbabwe have a negative impact on the economy and the people of Zimbabwe.

He commended SADC and relevant organs of the Union for their efforts to mobilize support for the country’s recovery.

The Chairperson further commended the Government of Zimbabwe for efforts that it is making in creating a conducive environment for economic growth.

And Zambia’s Ambassador to Ethiopia, Emmanuel Mwamba stated that President Edgar Lungu has joined other SADC leaders in calling for the lifting of the sanctions.

He said it is imperative that Africa speaks with urgency and in one voice to ensure that sanctions are immediately lifted.

Mr Mwamba said the political landscape of Zimbabwe has changed and the conditions for which sanctions were placed no longer existed.

This is according to a statement issued by First Secretary for Press and Tourism at the Zambian Embassy in Ethiopia Inutu Mwanza.

RB joins KK in opposing Mining in the Zambezi National Park

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Fourth Republican President Rupiah Banda
Fourth Republican President Rupiah Banda Of Zambian talking about peace

Former President Rupiah Banda has advised that no effort should be spared to ensure that the mining project in the Lower Zambezi National Park does not go ahead.

Joining the First Republican President Dr Kenneth Kaunda among other prominent Zambians in opposing the awarding of the license to Zambezi Resources to mining in the National Park, Mr Banda said he is opposed to the project.

Mr Banda said he is not convinced that due regard was given to a number of important considerations such as the negative impact the mine would have on the lives along the river and depend on it for food, fishing and agriculture.

He said it is a well known fact that mining activities invariably negatively impact rivers because of the sludge and other harmful chemicals and residues that are offloaded in the river and the surrounding areas.

Mr Banda said this alone means that people are exposed to all manner of health risks, and economic ruined as they can no longer make a living from fishing as the fish is killed by the poisons being dumped in the river and watering crops and drinking from a contaminated water source poses further health risks.

He has also observed with deep concern that even the economic benefit that may be derived from the minerals is nothing compared to the long terms damage on the environment and ecosystem that currently supports some of the rarest species of birds, game and forests sitting on a vast area covering 240 square kilometers in the middle of the Zambezi game park which can never be replaced once lost.

Mr Banda encouraged Zambians to always place the wellbeing of future generations ahead of quick economic gains even in the hard times because Zambia will always be there and its future is brighter as long as the current generation acts with foresight and resilience.

He said the fact that so many Organisations and eminent Zambians including Dr Kenneth Kaunda have expressed concern to do with this project should be sufficient evidence that it is not in the public interest.

Mr Banda said this is one project that should unite all leaders regardless of their political affiliation.

Zambia’s initiative to engage cooperating partners is yielding results-Finance Minister

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Finance Minister Bwalya Ng’andu and the Zambian delegation in Washington DC during a meeting with the World Bank Group Vice President for the African Region, Dr Hafez Ghanem

Finance Minister Bwalya Ng’andu says the expression of goodwill and willingness by various cooperating partners is a sign that the government’s initiative to engage them is yielding results.

Dr. Ng’andu adds that the willingness by France, the United States of America and other Cooperating Partners in helping Zambia overcome the turbulences in the economy, are signs that the governments initiative to implement an information exchange is having

positive impact on development cooperation.

The Minister was speaking after bilateral meetings with France and the USA at his office in Lusaka.

And French Ambassador to Zambia Sylvain Berger conveyed the readiness of his government to continue financing developmental projects in Zambia’s various sectors.

Mr. Berger explained that the France’s stance is aimed at strengthening the relationship between the two countries.

And speaking later during a bilateral meeting with the Minister of Finance, US Ambassador to Zambia Daniel Foote said his office has enjoyed close working relationships with government agencies.

Mr. Foote told the Minister that the United States maintains an open engagement policy with its partners.

Speaking at the same event, United States Director for Southern African Affairs Stefanie Amadeo said Zambia should continue to explore solar and other off-grid solutions to mitigate climate change challenges posed by dependence on hydro power generation.

This is contained in a statement availed to ZNBC News by Ministry of Finance Spokesperson Chileshe Kandeta.

Start them young, Zamtel wants children to be introduced to saving money at an early stage

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Zamtel Head of Corporate Affairs and Government Relations Reuben Kamanga
Zamtel Head of Corporate Affairs and Government Relations Reuben Kamanga

Zamtel says children should be introduced to a culture of saving money in order to create a financially literate Zambia.

In commemoration of this year’s World Savings Day which fell on Thursday, Zamtel Head of Corporate Affairs and Government Relations Reuben Kamanga said children should be oriented on the benefits of saving money at an early stage.

This year’s global commemoration of World Savings Day is being held under the theme ‘Be Money Smart: Savings Give Life a Lift!’

Mr Kamanga said Zamtel is proud to be actively playing a role in the promotion of financial inclusion through the use of digital channels such as Zamtel Kwacha and ZamPay.

He said saving money for the future is important as it acts as a buffer against some of life’s eventualities.

Mr Kamanga said Zamtel, as a Prime driver of digitalTransformation has developed innovative platforms and channels that make it easier for people to save a portion of their incomes using their mobiles devices.

“We realise that a well-entrenched savings culture will go a long way in deepening our financial sector in line with the National Financial Inclusion Strategy which targets to increase financial inclusion from 59% to 80% by 2022. Using Zamtel Kwacha, our customers can save up to K10,000 for individual accounts and K250,000 for Small to Medium company accounts with ease from within the comfort of their homes or offices,” Mr Kamanga said.

He added, “Since Zamtel Kwacha is easy to use, we are encouraging parents and guardians to open savings accounts for their children and jointly manage them in order to inculcate a savings culture in children.”

Mr. Kamanga said using Zamtel Kwacha, the company is moving into a new era of mobile savings and loan products using Patumba, which is a partnership with Hobbiton.

He said the partnership enables any active Zamtel mobile money customer to earn attractive interest on any deposits into the Hobbiton Savings and Credit account.

“This is another partnership that provides an end to end social security platform consisting of investments, savings and credit towards education or retirement plans. We are committed to an inclusive agenda in the financial sector as we strive to make Zambia a cashless society,” Mr. Kamanga said.

He said Zamtel is encouraging savings while improving access to microcredit for the unserved and underserved population, thus bridging the savings and credit provision gap.