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No declaration of a national disaster has been made-DMMU

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The Disaster Management and Mitigation Unit says no declaration of a national disaster has been made in response to the hunger that has affected some parts of the country.

UPND Leader Hakainde Hichilema on Monday declared the prevailing hunger situation in the country a national disaster but the DMMU says this is the preserve of the Republican President.

DMMU Communications Officer Rachael Chama said government with cooperating partners has been responding to the food insecurity situation in the affected parts of the country.

Meanwhile, Ms Chama said the DMMU has released 11,800 metric tonnes of relief food bringing the total bags of 12.5 kg mealie meal distributed in the affected districts across the country since February this year to over 2.2 million bags.

She said the released consignment will be distributed to nine provinces except Copperbelt Province.

Mr Hichilema declared hunger a national disaster at a media briefing and called on well wishers to donate food items towards the cause.

He appealed to President Edgar Lungu to emulate the declaration to further allow the international community to unlock its emergency funds.

Vice President Inonge Wina holds talks with India’s Shree Vagmi Cotton Limited

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Vice president Inonge Wina
Vice president Inonge Wina

VICE President Inonge Wina has held talks with India’s Shree Vagmi Cotton Limited, which will invest $7 million in the next three years to build a factory that will process cotton lint in 2019 alone.

Mrs. Wina who is accompanied by Zambia’s High Commissioner to India Judith Kapijimpanga has since toured Shree Vagmi Company Cotton Factory in Indore, in the Indian State of Madhya Pradesh.

She says she is happy to note that the Company has already acquired a 26 acre land in Mwembeshi area, Chibombo District, Central Province.

Vagmi Company Chief Executive Officer Amit Dwivedi says in 2020, his company will evolve from cotton ginning to a full textile which would resuscitate the once vibrant textile industry in Zambia.

Mr. Dwivedi said his company further identified Boniface Daka from Lusaka’s Chawama area who has been fully sponsored and is undertaking a year long training programme in India focusing on factory engineering and operations management.

He says the company will engage 23 000 cotton farmers from Mumbwa, Shibuyunji, Chipata, Petauke, Lundazi, Katete, among others, in the next two years.

Mr. Dwivedi says the company will be running an out grower scheme where it will supply farmers with seed, chemicals, wool packs and ‘we shall collect cotton from farming areas because we will procure an initial 15 trucks.

And Zambia’s High Commissioner to India Judith Kapijimpanga noted with gratitude that Vagmi Company is happy with a clear policy direction by the Zambian Government on value addition, and especially that the Cotton Board of Zambia has a fixed cotton price for a win- win situation.

Mrs. Kapijimpanga says Zambia has reliable transport system, hospitable citizens, peaceful, progressive legal and banking systems.

The High Commissioner said she is happy to note that Vagmi Cottons Company will also build houses for some Zambian staff running the factory.

The Vice President is later expected to hold talks with top investors in Indore City and meet a company specialised in securing public infrastructure.

This is contained in a statement made available by First Secretary Press and Tourism at the Zambian Mission in India Bangwe Naviley.

The Global, European and Zambian Economy

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Patriotic Front -PF- Secretary General Hon Davies Mwila
Patriotic Front -PF- Secretary General Hon Davies Mwila

By Hon Davies Mwila

INTRODUCTION

The previous article discussed some factors negatively affecting the global economy such as the U.S-Sino Trade War, U.S Auto Tariffs and No-Deal Brexit, which have led IMF and World to cut global and African economic growth forecasts for 2019 and 2020, with the U.S economy predicted to see a significant economic slowdown growing by only 1.9% in 2020.

In addition to the above factors, the Zambian economy has been negatively affected by adverse weather conditions which have negatively affected the agriculture and energy sector, and the entire economy. This challenge and policy interventions under implementation by the Patriotic Front (PF) Government will be discussed in this article.

THE STATE OF THE ZAMBIAN ECONOMY

In his speech during the official opening of the National Assembly on 13th September, 2019, His Excellency President Edgar Chagwa Lungu stated:

“Our economy has, in the recent past, faced some serious headwinds. The country registered a Gross Domestic Product growth rate of 3.7 percent as at end of 2018. The growth rate for 2019 was earlier projected at around 4% but is being revised downwards to about 2% on account of adverse weather conditions, which has affected the energy and agricultural sectors.

Since 2015, when we experienced droughts that affected electricity generation, growth slowed down to an average of 3.5 percent between 2015 and 2018 from an average of 6.4 percent between 2011 and 2014. This slowdown was largely attributed to climate variabilities.

Our fiscal space must continue to grow, and this can only be achieved by ensuring macroeconomic stability and maintaining debt within sustainable levels. We have procured debt for development, which is one of the many financing options that we pursue. We can see it in the road infrastructure, bridges, alternative power generation investments, including but not limited to massive infrastructure development in the health, education and communications sector. This we all can see and attest to”.

MACROECONOMIC STABILITY AND DEBT SUSTAINABILITY

In order to ensure macroeconomic stability and maintain debt within sustainable levels as stated by President Lungu above, the PF Government, through the Ministry of Finance, has put in place the following measures.

1. DEBT SUSTAINABILITY ANALYSIS

The rise in public debt over the years has obviously raised concern among the general citizenry and other stakeholders in Zambia and the international community. True to it, debt can accelerate growth through investment in growth enhancing projects. However, when debt is accumulated to levels where it causes a debt overhang, it can lead to deceleration in growth and provision of social services (Source: Ministry of Finance).

The PF Government will not let Zambia’s economy go into deceleration or fail to provide social services! As President Lungu said in his speech above:

“The Patriotic Front Manifesto articulates the collective aspirations of our people for a better life, which gives this assurance, and I quote: _‘we are committed to meeting and exceeding these expectations of the people of Zambia”.

Indeed, prudent debt management calls for regular checks on our debt to ascertain whether we are on the sustainability track or the unsustainability track. Government therefore conducts regular debt sustainability analyses to inform policy decisions with regard to prudent debt management. The critical indicators of sustainable debt considered under a DSA exercise include the county’s capacity to carry its debt, which is measured against the county’s Gross Domestic Product (GDP) and the capacity to service debt obligations, which is measured against the country’s revenues. The Debt Sustainability Analysis (DSA) conducted by Government in April 2018 revealed that if no measures are taken on the debt, the public debt to GDP ratio (domestic and external debt) would go above 60% in the medium term, above the sustainability threshold of 56%. _(Source: Ministry of Finance).

As stated by President Lungu in the abovementioned speech:

“The art of borrowing is the ability to pay back. Yes, I am aware that there is accumulation of domestic arrears which has not only negatively impacted the operations of suppliers and contractors, but also on the performance of the financial sector through an increase in non-performing loans…. This has got to be managed”.

And, this is being managed through policy responses below.

2. POLICY RESPONSE TO THE DSA RESULTS

The DSA results dictated the need for adjustment to avoid getting the country into a position of debt distress.

Following the outcome of the DSA, Government, through the Ministry of Finance, announced measures, in July 2018, anchored on the DSA and MTDS as follows;

1) Postponement of the contraction of all pipeline external debt until the high risk of debt distress is brought to a moderate level.

2) Cancellation some of the contracted loans that have not disbursed, in order to reduce the debt service burden.

3) Undertaking an asset liability exercise on selected loans to extend the maturity profile and attain lower interest costs.

4) Cease issuance of guarantees to commercially viable projects.

5) Cessation of the issuance of Letters of Credit and Sovereign Guarantees to institutions that are technically insolvent until their balance sheet challenges are resolved. _(Source: Ministry of Finance, Zambia).

Through these and other measures, the PF Government will be constraining the primary balance and attracting concessional financing for the Budget to mitigate the adverse implications of high debt service in the medium term by curtailing the accumulation of debt and reorganizing the current debt portfolio in order to minimize costs and mitigate the risks associated with it; in line with PF Government’s 2017-2019 Medium Term Debt Strategy (MTDS) which outlines Government’s plan over the medium term with regards to fiscal and debt management.

FISCAL RESTRAINT

As revealed by the DSA, fiscal restraint, aimed at achieving low levels of primary balance deficit is critical. Control of the fiscal deficit is a high priority for the PF Government. In 2018 for example, without measures being undertaken, the deficit would have been higher at over 9% of GDP.

Over the Medium Term, the current Medium-Term Expenditure Framework (MTEF) currently under preparation has taken into account the measures and adjustments particularly on the pipeline debt. (Source: Ministry of Finance).

EUROBOND REFINANCING

In view of the forthcoming Eurobond redemptions, Government is committed to the repayment of its liabilities, and is thus cognisant of the need for a structured redemption plan aimed at ensuring smooth redemption of the Eurobond debt. The Ministry of Finance has drafted a Eurobond Redemption Strategy (ERS) that is due for cabinet approval. The strategy is aimed at establishing an optimal plan for redeeming the bonds, taking into account Zambia’s fiscal and macroeconomic situation, as well as other factors that may influence the selection of a favourable redemption option.

The Eurobond refinancing strategy gives an array of options that include;

1. Implementation of a Sinking Fund. The Medium-Term Expenditure Framework, which will soon be issued, will outline the provisions that Government has made for the Fund,

2. A debt buyback strategy, using the sinking fund provisions, and

3. Refinancing through issuance of a new tenure of Eurobonds in the capital markets.

Refinancing is not peculiar to Zambia. Countries such as Kenya, Ghana, Senegal and other emerging economies have in recent years gone to the market and successfully issued debt with the resources earmarked for bond redemption with longer maturities.

Why refinancing of the bonds?

The refinancing option ensures continued presence in the international capital markets, which offers opportunities for signaling to international investors on the state of economic affairs in the country and giving a risk indication for private sector borrowing in the country as Eurobonds are used for benchmarking. This was one of the objectives the country had at issuance of the Bonds. _(Source: Ministry of Finance)._

CONCLUSION:

Against the above global economic challenges, the PF Government has put in place several policy interventions to ensure macroeconomic stability, maintain debt sustainability, and achieve significant growth to achieve the Vision 2030 objective.

Zambia is currently NOT defaulting on its debt obligations and is therefore NOT in a debt crisis!

As President Lungu emphasized: _“the art of borrowing is the ability to pay back” and “we have procured debt for development… We can see it in the road infrastructure, bridges, alternative power generation investments, including but not limited to massive infrastructure development in the health, education and communications sector. This we all can see and attest to”.

The Author is Patriotic Front Secretary General

President Lungu attends late aunt’s funeral

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President Lungu talks to National Guidance and Religious Affairs Minister Godfridah Sumaili as First Lady Esther Lungu listens shortly before departure at City Airport for Petauke for burial of his Aunt Mama Mainess Lungu on Wednesday, September 18,2019 -Pictures by Thomas Nsama/State House

President Edgar Lungu is among several mourners that have gathered at M’kwama village in Senior Chief Kalindawelo’s Chiefdom in Petauke district, Eastern Province, to attend funeral and burial ceremony for his late aunt Mainess Lungu.

Ms Lungu, who was until her demise the only surviving aunt for the Head of State, died on Monday September 16, 2019 at the University Teaching Hospital (UTH) in Lusaka, aged 96.

President Lungu is accompanied by First Lady Esther Lungu and senior government and Patriotic Front (PF) officials among others.

ZANIS reports that President Lungu has described his aunt as a force of nature, passionate, caring and strong woman who united and loved the family for one common goal.

Mr Lungu said his aunt was an honest person who spoke her mind but never held grudges against anyone, and also preached love and unity at all times.

He explained that he was personally affected by the death of Ms Lungu, adding that she was a mother to all family members.

President Lungu further thanked everyone that found time to mourn with the first family, adding that what divides people cannot outweigh what units them, hence the need for people in the country to continue embracing each other and upholding the One Zambia One Nation motto in times of happiness and sorrow.

And Eastern Province Minister Makebi Zulu explained that government is saddened with the death of Ms Lungu, a person who was close to the Head of State and wished the first family and all family members God’s guidance during this trying moment.

Meanwhile, his homily Bishop Edwin Zulu from the Reformed Church in Zambia (RCZ) called all Christians in the country to always prepare themselves for no one knows the day or time that they will die.

Bishop Zulu noted that Ms Lungu prepared her life for Christ, adding that she was a dedicated and committed member of the RCZ, for the last 38 years.

And Head Mkwama has described the late Ms Lungu as a humble and caring person who related well with other villagers and participated actively in all activities in the village.

The late Ms Lungu was the youngest sister to late Ranger Lungu, who was the father to President Edgar Lungu.

She has left behind four grandchildren and 18 great grandchildren.

People from different walks of life including traditional leaders from within Eastern Province, District Commissioners, government and Patriotic Front party members were among the mourners.

Ms Lungu will be buried this afternoon at M’kwama village burial site.

AtlasMara shuts its entire branch network in Lusaka after bailiff raid

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AtlasMara Zambia Headquarters
AtlasMara Zambia Headquarters

AtlasMara Bank has closed its entire branch network in Lusaka hours after Bailiffs pounced on its Headquarters and seized properties.

And Bank Managing Director James Koni has blamed the raid on the bak on legacy issues inherited from Finance Bank.

A check at selected outlets in Lusaka found the Bank closed and deserted except for security personnel who were manning the entrances.

At Longacres branch, a notice placed on the main entrance revealed that the Bank was closed for business.

Another check at Kamwala branch found a poster stuck outside the bank premises advising customers that the bank was closed for business and that it shall be opened at 14:00 Hours.

However, a further check at 15:00 Hours found the branch closed.

Further investigations across Lusaka City found that no AtlasMara ATM services were working this afternoon.

An SMS message to customers read, “ valued customers we are having technical challenges which have impacted our banking services. We deeply regret the inconvenience caused and will keep you updated.”

But some Bank insiders have revealed that the Bank has been forced to shut down its entire system after Bailiffs went away with essential equipment from the Control Room.

“The main server was uprooted so there is nothing working. We are just waiting for the next steps,” one of the workers who opted to remain anonymous said.

And in a circular to staff accessed by Lusaka Times, Bank Managing Director James Koni blamed the development on the legacy issues that the bank inherited from the takeover of Finance Bank.

“Dear Colleague, As you may have heard we have had a total service disruption as a result of a legacy court case we have been fighting as a bank. Unfortunetly the plaintiff has chosen to take drastic action at our head office and Kamwala Branch which has adversely impacted our servers which house our core banking system. As a result we have a total outage on all customer facing channels. These include ATM, Cards, Trust Accounts. Swift / Opics, Mobile Banking, Tenga, E-Tax / ENapsa, FISP. We have made the decision to close all Lusaka based branches until further notice. We are in the process of invoking the Disaster Recovery Site (DRC) site in Chongwe so that we can restart Core Banking and Alternate Channels. The impact on our customers has been massive and you may encounter angry customers and the media. I would like to advise the customers that we are working around the clock to restore service. Please direct any media queries to Eric Ngondo at 0977825227. Otherwise please refer any queries to your MANCO Head. I thank you for your resilience so far. Regards James.”

And some customers found at the Longacres branch complained of having been inconvenienced after failing to access cash.

One of the customers identified as Petros Mwamba of Kabanana Township said he started off checking at Kamwala outlet and bounced before heading to Longacres branch where he also bounced.

“I don’t even know what to do now. I was coming here to get my money but now I am stranded, I don’t even have transport money to get back home, I will just have to start walking now so that I get there before it’s dark,” Mr Mwamba complained.

A customer notice at AtlasMara Kamwala branch advising customers of the closure
A customer notice at AtlasMara Kamwala branch advising customers of the closure

Were Hat-trick Sends Zesco Top

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Jesse Were opened his 2019/20 FAZ Super Division account with a hat-trick on Wednesday to propel Zesco United to the top of the log in their away win at Nakambala Leopards in Mazabuka.

The defending FAZ Super Division champions crushed Nakambala 3-0 in a Week Two fixture at Nakambala Stadium.

Were put Zesco ahead in the 15th minute via a penalty after midfielder Thabani Kamusoko was fouled by Nakambala defender Given Sinyangwe.

The Kenyan striker sent Zesco 2-0 into the break when he finished off an assist from Quadri Kola on the stroke of halftime.

Were ensured he took home the ball in the 53rd minute to seel his three goals lift Zesco to the summit of the table on maximum 3 points, in a four-way tie with Napsa Stars, whom they’ve relegated to second spot, Nkana and Red Arrows.

Zesco are back in action this Saturday when they host another winless side Lumwana Radiants in Ndola.

Nakambala stay on zero points after two rounds of matches played with their confidence hit hard ahead of Saturday’s Southern Province derby in Choma against 2019 runners-up Green Eagles.

YALI calles for DEC to summon Kaweche Kaunda

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YALI press briefing

The Young African Leaders Initiative wants the Drug Enforcement Commission to summon Kaweche Kaunda to provide evidence in the drug trafficking allegations made by NDC Leader Chishimba Kambwili involving President Edgar Lungu and Businessman Valden Findlay.

The YALI Governance and Legal Advisor Isaac Mwanza says the statement by the US Government and Israel that there is no case in that country related to drug to Drug trafficking involving Mr Findlay and that there is no siphoning of money using the Presidential jet respectively must settle the matter.

Mr Mwanza told a media briefing that the DEC must however summon Mr Kaunda to provide evidence on his allegations involving Mr Findlay and Mr Goswami.

He said the refusal by Mr Kambwili to give information to the DEC has shown that Mr Kambwili has no information regarding his drug trafficking allegations.
Mr Kambwili who had appeared before the DEC for questioning said he no longer takes the Commission serious due to their failure to investigate serious matters in the past.He told Journalists that his summoning was a sheer waste of time as they cannot investigate the matter.

Mr Mwanza however, urged the DEC not to victimize the whistle blowers as they are only providing information on the issues they believe are of concern to the nation.

Mr Kaweche Kaunda recently said he was surprised that Valden Findlay denied knowing Vijaygiri Vicky Goswami claiming he knows him and he has been in their presence.

And Kaweche revealed that Goswami, the renowned African “drug lord” phoned him after they were arrested seeking assistance but later informed him that Findlay would compel President Edgar Lungu to speak to Kenya’s Uhuru Kenyatta on the matter.

HH thrilled that power has been restored to Chawama hospital after Police blocked UPND Genset donation

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President of the opposition United Party for National Development Hakainde Hichilema says he is pleased that there is no more load shedding at Chawama Level one Hospital.

Mr Hichilema says he believes the blocked Genset donation to the Hospital by the Police has force the Patriotic Front to stop load shedding at the health facility.

He said the provision of electricity by the PF needed to be done as a matter of routine instead of waiting for the UPND intervention for them to save people’s lives.

“Ordinarily, such a move did not need a risk intervention from some of us where the PF deployed a battalion of police officers at short notice in Chawama to block us from donating a genset to the hospital. Like we said during our press briefing, this measure should be extended to all hospitals and clinics in the country.It should also be extended to other key security installations as well as military and police camps.It should further be extended to universities, colleges and boarding schools in the country. We cannot have our security personnel in camps and our children in learning institutions going without electricity for more than 12hours.Can you imagine the illicit activities our children can end up doing in darkness at boarding schools instead of studying?” Mr Hakainde said.

Mr Hichilema however said it is not surprising that the Chawama hospital was load shedded as it is a sign of lack of leadership on the part of the PF.

“I therefore instruct that this gesture be extended to other hospitals to save lives and other critical installation that require uninterrupted power supply”, he added.

He said the UPND shall continue giving leadership where there is none in the country due to incompetence.

President Edgar Lungu on Friday 13th September 2019 during the Official opening on the fourth session of the 12th National Assembly directed the Ministry of Energy to prioritise power supply to hospitals and health centres.

Swedish club happy with Edward Chilufya

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Zambia’s Ambassador to Sweden, Her Excellency, Ms. Rose Salukatula presents a basket of assorted fruits to the ‘birthday boy’, Edward Chilufya soon after the game against Helsingborg in Stockholm on Monday.

Management at Djurgåden IF of Sweden is happy with 2017 Under 20 Africa Cup winner, Edward ‘Tiger’ Chilufya’s performance at the club and is confident that he will soon establish himself as a regular player in the Zambia national senior team.

Djurgården IF Sports Director, Bo Andersson told Zambia’s Ambassador to Sweden, Her Excellency Ms. Rose Salukatula on Monday that Chilufya has been able to quickly establish himself as a dependable player for the club.

Ambassador Salukatula led staff from the embassy to show solidarity with Chilufya and his club when Djurgåden IF played Helsingborgs IF in the Swedish top league, the Allsvenskan.

Djurgården beat their opponents, 2 – 0 in a nail-biting encounter to take the top slot of the table with about four games remaining to the end of the season. Djurgåden IF are tied at 50 points each with second placed AIK after 23 games played this season.

Speaking before the game, Andersson pointed out that the current team was “very competitive” but Chilufya has still managed to get a lot of opportunities during which he has displayed his skill and impressed since joining the club in 2017.

Zambia’s Ambassador to Sweden, Her Excellency, Ms. Rose Salukatula with Djurgården Football Club Sports Director, Bo Andersson show-off the team’s flag before the game in Stockholm on Monday.

Ambassador Salukatula thanked Djurgården IF for recruiting Chilufya noting that this was a show of confidence that Sweden, and the club in particular, had in Zambian talent.

The Ambassador later on led embassy officials and some Zambians at the game which was played at Djurgården’s home ground, Tele2 Arena in Stockholm, in singing the ‘happy birthday’ song for Chilufya and making a presentation of assorted fruits to him. Chilufya turned 20 yesterday (17th September).

A product of the Mpande Academy in Zambia, Chilufya started training with Djurgården in June 2017. He signed his first professional contract with Djurgården on 15th February, 2018. Chilufya made his professional debut for Djurgårdens in a 1-0 Svenska Cupen (The Swedish Cup) win over BK Häken on 12th March, 2018. Chilufya made his league debut in Allsvenskan in a 1-3 win over IFK Göteborg on 24th May, 2018.

Chilufya represented the Zambia national team at the 2017 Africa U-20 Cup of Nations. He helped Zambia win the tournament, scoring in the final against Senegal in a 2-0 win on 12th March 2017. Chilufya ended with 4 goals, and was joint top scorer for the tournament. Chilufya also represented Zambia at the 2017 FIFA U-20 World Cup, and helped his team make it into the quarterfinals of the competition.

Issued by:
Nicky Shabolyo
Counsellor
ZAMBIAN EMBASSY IN SWEDEN

Zambia’s Ambassador to Sweden, Her Excellency, Ms. Rose Salukatula (in green) with some Zambians after the game at Tele2 Arena in Stockholm on Monday.
Zambia’s Ambassador to Sweden, Her Excellency, Ms. Rose Salukatula (in green), Edward Chilufya and some Zambians after the game at Tele2 Arena in Stockholm on Monday.

President Lungu leaves for Eastern Province

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President Lungu talks to National Guidance and Religious Affairs Minister Godfridah Sumaili as First Lady Esther Lungu listens shortly before departure at City Airport for Petauke for burial of his Aunt Mama Mainess Lungu on Wednesday, September 18,2019 -Pictures by Thomas Nsama/State House

President Edgar Lungu has left for Eastern Province where he is expected to attend the burial of his late Aunt Mama Mainess Lungu , who was until her death, the President’s only surviving aunt.

Ms Lungu died in Lusaka at the University Teaching Hospital (UTH) on September 16th, 2019.

The Zambia Airforce (ZAF) plane carrying President Lungu department City airport at 08:30 hours local time.

The Head of State is accompanied by the first lady Esther Lungu, Presidential Affairs Minister Freedom Sikazwe and his Special Assistant for Press and Public Relations Isaac Chipampe.

President Lungu was seen off by Lusaka Province Minister Bowman Lusambo, Justice Minister Given Lubinda, Transport and Communications Minister Mutotwe Kafwaya, Health Minister Chitalu Chilufya, Lusaka Mayor Miles Sampa, service chiefs, senior government and party officials.

The Head of State is expected back in Lusaka immediately after burial.

Bailiffs pounce on Atlas Mara Headquarters, seize furniture, laptops

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A truckload of office furniture seized from Atlas Mara Head Office in Lusaka by the Bailiffs

Operations at Atlas Mara Head Office in Lusaka have been paralyzed after bailiffs seized office furniture forcing workers to be sent home.

A check at the bank this morning found that workers were forced to surrender their office laptops and were asked to go home.

It was found that the action on the Bank was instigated by one of the Bank’s main creditors.

A white man was seen in the building attempting to confiscate equipment in the Control Room.

The unnamed creditor who was instructing a large team of men from the Bailiffs Office to carry out the operation was heard shouting that he is owed a US$ 1 million since 1996.

“For 23 years I have been waiting for this payment. I will not listen to the Lawyers, you will now listen to the Bailiffs because I cannot be waiting for a single payment since 1996,” the creditor shouted.

Bank officials led by Director of Marketing Kenny Ngondo attempted to convince the white man to at least spare the equipment in the Control Room as that is the heart of the bank’s operations.

The creditor (middle) with his lawyers and an officer from the Bailiffs carrying out their operation at Atlas Mara Head Office in Lusaka

Attempts to interview Mr Ngondo failed as he flatly refused to speak to Journalists.

And some Bank employees who spoke on condition of anonymity expressed concern over Atlas Mara’s high level of indebtedness.

“It is clear the Bank was not told the truth about the levels of liability before taking over Finance Bank. All these issues coming up are from Finance Bank days. Imagine, the Bank has 193 court cases from former employees and all of them will likely win the cases and demand to be paid,” one of the workers said.

By broadcast time, workers were still stranded in the car park as the Bailiffs went about their operations.

In 2016, AtlasMara which then owned African Banking Corporation Zambia Limited (BancABC Zambia) completed its acquisition of Finance Bank Zambia Limited, merging the two banks.

A truckload of office furniture seized from Atlas Mara Head Office in Lusaka by the Bailiffs

 

Empty offices at Atlas Mara Head Office in Lusaka after Bailiffs swept the building clean confiscating furniture and Laptops

Big UEFA Win for Patson and Mwepu

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Striker Patson Daka and midfielder Enock Mwepu are celebrating a big home win for RB Salzburg following Tuesday’s UEFA Champions League Group E opener.

The Austrian champions beat their visitors from Belgium, Genk, 6-2 to go top of Group E on Match Day One of the league stage of the competition.

However, there were no goals from Team Chipolopolo on the night that saw Mwepu follow proceedings as an unused substitute.

But Patson did see some action after he came on in the 72nd minute to replace man of the match Erling Braut Haland on the night the 19-year old Finn scored a hat-trick.

Patson, though, was denied twice in the 80th and ten minutes later before sending wide an effort three minutes deep into stoppage time.

Meanwhile, Salzburg top Group E on goal difference ahead of Serie A side Napoli who beat Liverpool 2-0 in Italy.

Salzburg head to Liverpool next on October 2.

Matete Eager To See Sydney Siame’s Form in Doha

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Athletic great and national team assistant coach Samuel Matete says Zambians should be patient with sprinter Sydney Siame ahead of this month-end’s World Championship in Doha, Qatar.

Siame will be at the Doha meet, that will run from September 27 to October 6, a month after winning a gold medal in the 200 metres at the recent African Games in Morocco.

He will be Zambia’s lone envoy at the World Championship scheduled to start on September 27.

‘It is a very good step Sydney has taken to winning the African games but going to the World Championship will definitely give him a very good opportunity to see some of the best athletes and what where he needs to be in order to be at the top of the World,’ Matete said.

‘The African games was a very good platform to start to believe in himself that yes he can do it but I think he still needs a bit of time to get more experience. We cannot start to talk about big things yet. Sydney is still very young and he is still yet to achieve the bigger things,’ Matete said.

Siame timed 20.35 seconds to win Zambia’s only gold at the Morocco games.

‘World Championships will also give him a different feeling of what it takes to be a World champion. It is a very tough competition but with what he has done it has definitely given him a platform and a self belief that it can be done,’ Matete said.

Matete won a gold medal at the 1991 World Championships and was twice silver medallist at the same event.

He was three-time World Cup winner and won gold at the 1994 Commonwealth Games.

Matete later won a silver medal at the 1996 Olympics in Atlanta in what still is Zambia’s last medal at the World biggest showpiece event.

Zambia has welcomed the apology rendered and regret expressed by South Africa President Cyril Ramaphosa

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Home Affairs Minister Hon. Stephen Kampyongo
Home Affairs Minister Hon. Stephen Kampyongo

Minister of Home Affairs, Stephen Kampyongo says that Zambia has welcomed the apology rendered and regret expressed by South Africa President Cyril Ramaphosa on the attacks on foreign nationals.

Mr Kampyongo said Zambia has accepted the public apology rendered during the funeral of ex-President, Robert Mugabe in Harare, Zimbabwe, adding that Zambia would also welcome the special envoys that President Ramaphosa would send to meet President Edgar Lungu or government officials, to discuss the same matter.

Mr. Kampyongo said this in Addis Ababa when traveled to Egypt from Lusaka enroute Ethiopia.

Mr. Kampyongo is in Egypt to attend a Pan-African Forum on Migration being held in Cairo.

Mr. Kampyongo said the forum was important as it would address the myths that surrounded migration that in turn led to challenges such as xenophobic attacks.

The Minister further said Zambia had performed well in embracing migration through mechanisms such as integrating foreign Nations in communities.

Dora Siliya says remarks by Vernon Mwaanga disheartening and disappointing

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Chief Government Spokesperson Dora Siliya
Chief Government Spokesperson Dora Siliya

The government has advised Vernon Mwaanga to use his status as a veteran politician and senior citizen to maintain the country’s unity and democracy.

Chief Government Spokesperson, Dora Siliya says it is indisputable that Mr. Mwaanga is a statesman having served this country from the pre-independence era and it is expected of him that his debate on national issues should be above partisan politics.

Ms. Siliya says the country expects a man of Mr. Mwaanga’s status to be a uniting factor and a voice of reason to the leadership and the nation at large.

She says government, therefore, finds the remarks attributed to Mr. Mwaanga in today’s Diggers newspaper that Zambia’s democracy, under the PF government, is receding, as disheartening and disappointing.

Ms. Siliya told ZNBC News in a statement that Mr. Mwaanga is aware of Zambia’s unparalleled record of good governance, transparency, accountability, rule of law and constitutionalism which this government has continued to promote.

She said on January 16th, 2016 at Heroes Stadium, President Edgar Lungu signed into law the Constitution of Zambia Amendment Bill which, among other things, reduced the powers of the President, which no other sitting African President had ever done.

Ms. Siliya said the PF government has transformed the Judiciary with the creation of the Constitutional Court and the Appeals Court in enhancing the country’s justice delivery system.

And Ms. Siliya said that never before in the history of the country, has there been such freedom of expression as is being enjoyed by citizens under the PF government.

She said the ongoing debate by citizens, including Mr. Mwaanga himself, on the Constitutional Amendment Bill No.10 of 2016 and other national issues, attest to this fact.

Ms. Siliya said only a government committed to democracy can liberalize the media landscape to the extent that there are now over 100 private radio stations and no fewer than 40 television stations on air countrywide and several newspapers.

She urged Mr. Mwaanga to desist from inciting public resentment against the government which does not befit his status as a seasoned diplomat and senior citizen.