DAILY NATION Thursday August 27, 2020

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PURSUING JUSTICE AND EQUITY WITH INTEGRITY Vol. 6. Issue 2692

Price K10

Thursday August 27, 2020

FRAUDULENT KCM SALE EXPOSED ON PAGE 3

By GRACE CHAILE-LESOETSA

...was sold at $25 million instead of $2.9 billion

SHARES

...KCM breached their duty of care when they made an offer of 560,325,511 shares that shifted control of KCM to Vedanta Resources at a bargain price of US$ 0.0446169 per share where Vedanta only paid US$25million of US$2.909billion that KCM should have received for its shares.

THE sale of KCM to Vendata at US$25million was a complete fraud because the mine should have been sold at $2.909 billion.

And now one of the minority shareholders in Zambia Consolidated Copper Mines Investments Holdings (ZCCM-HI) has asked the Lusaka High Court to grant him an order for leave to challenge the sale.

The shareholder Dennis Mumba has launched a derivative action stating that Vedanta Resources Plc should have paid US$2.909 billion instead of US$25 million which led to financial problems in KCM. The Mine was sold under President Levy Mwanwasa. To Page 3

Disband ACC, says UPND P3

P4. Mboweni remarks mischievous - Lubinda Tone down, Catholic nuns assaulted Zukas advised

in botched burglary. P2

OCIDA chairperson Simon Zukas should tone down and not make unfounded and inflammatory assertions, PF Secretary-General Davies Mwila has said.

Simon Zukas

AUCTION SALE EMPORIUM FRESH FOODS LIMITED (T/A FOOD LOVERS MARKET) IN LIQUIDATION There will an auction sale of consumable items on behalf of the liquidator of the above mentioned company on Wednesday, 2nd September 2020 at East Park Mall, along Great East Road, starting at 10.00 hours.

Items include sugar, drinks, honey, rice, flour, butter, jam, milk and many other essential groceries.

Do not miss-out. See you there.

Thursday 27 August, 2020

HOME NEWS

COMPENSATE CHILUBA FAMILY FOR MALICIOUS PROSECUTION

By PETER SICHALI

T

HE family of second Republican President, Frederick Chiluba, should be compensated for wrongful and malicious prosecution and persecution that he was subjected to, former State House Deputy Minister Blackson Sikanyika has said.

Mr Sikanyika said President Chiluba was unfairly treated over trumped up corruption accusations by the

Tone down, Zukas advised

By PETER SICHALI OCIDA chairperson Simon Zukas should tone down, and refrain from making unfounded but inflammatory assertions, PF SecretaryGeneral Davies Mwila has said.

Mr Mwila said claims that PF is rigging 2021 general elections through the mobile national registration and Public Order Act were unwarranted.

He said Mr Zukas, is a well known UPND surrogate, and his sentiments were just an indication that the opposition and its allies were already sensing defeat. Mr Mwila said no political party had been stopped from mobilising people to acquire NRCs and therefore Mr Zuka’s claims were unjustified.

He said Mr Zukas and his friends now realised that they had no capacity to remove the PF from power.

“Mr Zukas and his friends formed that organisation with the sole aim of unseating PF, now they have realised that they have no capacity hence the wild rigging claims,” Mr Mwila said. He said it was not possible to rig elections because there were systems and stakeholders that monitor elections.

He said the PF will win elections fairly and securely without any form of rigging.

Mr Mwila said the party was on the ground to mobilise people to acquire NRCs so that they can register as voters while the opposition is busy on social media.

Mwanawasa administration.

He also demanded that the former Head of State's immunity should be reinstated posthumously after the courts cleared him of corruption allegations.

"The former Head of State underwent wrongful persecution and prosecution on trumped up corruption allegations and was later cleared.

Therefore, the family should be compensated," Mr Sikanyika said.

He said Dr Chiluba did a lot for the country and the family should be

compensated for unfair treatment.

Mr Sikanyika said the property that was seized from Dr Chiluba should be given back to the family.

He added that there was need for Government to honour the former president by ensuring that his immunity was restored.

"The court proved him innocent therefore his family should be compensated and the property that was seized should be given back to the family," Mr Sikanyika said.

DAILY

2

Catholic nuns assaulted in botched burglary

By NOEL IYOMBWA TWO Catholic nuns of St Barbara Parish in Itezhitezhi have been brutally assaulted by an unidentified man.

Police in the district have launched a manhunt for the criminal behind the brutal attack.

Police spokesperson, Esther Katongo said they received a report of aggravated assault with intent to steal from the victims identified as Sister Akuffor Assumptor aged 48 and Sr. Matildah Mulenga, aged 57 years.

Ms Katongo said the victims were attacked at their convent

by a masked man who wanted to steal from them.

She said Sr Mulenga sustained a deep cut on the forehead and injuries on the eye while Sr Akuffor sustained a deep cut on the head after being hit with an iron bar by the assailant.

“This happened when the victims found the criminal attempting to break into Sr Mulenga's apartment,” Ms Katongo said in a statement.

Ms Katongo said the incident occurred on August 24, 2020 at around 21:00 hours at Kataba Parish convent house.

She said the victims were taken to Itezhi-tezhi District Hospital for treatment.

More back Mvunga appointment

By KETRA KALUNGA and MUKWIMA CHILALA

ZAMBIANS should support the new Bank of Zambia (BOZ) governor Christopher Mvunga because his appointment was made in the interest of the nation, former UPND chairman for labour, Gabriel Namulambe has said.

Meanwhile, the Patriotic Front in Lusaka has said the appointment of Mr Mvunga is well deserved.

Lusaka District vice secretary Chikutano Nkhoma said yesterday the new Bank Governor waa very qualified for the job having worked in various portfolios both in government and the private sector .

And Mr. Namulambe said the Head of State, as a person who receives information on the affairs of the country, should be supported on the decision he made because he obviously consulted widely before coming to a conclusion the same way he did when appointing the immediate past BOZ governor, Dr Denny Kalyalya.

And Mr. Namulambe in an interview with the Daily Nation urged Zambians to desist from politicizing every decision made by the government even on matters they didn’t understand better because such comments were not building the nation in any way.

“We must not politicize the removal of Dr. Kalyalya from the BoZ because in the first place when he was being appointed by the President nobody had questioned why he was appointed.

“Now at a time such as

this when he has been relieved of his duties as BoZ governor I am certain that the President has many eyes, the President has many ears so for him to have reached that decision, he has made consultations,” said Mr. Namulambe.

Mr Namulambe, a fomer minister in the Movement for Multi-Party Democracy (MMD) government, said the appointment of Mr. Mvunga which was subject to scrutiny by the National Assembly should not be politicised but supported as pre-judgement would be unfair.

Mr. Namulambe also urged those wanting to advise the President on the matter to do so in a professional manner instead of opposing just for the sake of it.

He said the late President, Michael Sata when he was in opposition didn't politicise everything, he used to praise the then ruling MMD party when they did something for the betterment of the country.

“Let us give the President support, he is the President for all of us whether we like him or not he is the President,” said Mr. Namulambe.

And Mr Nkhoma noted that those that were against his appointment were merely doing so for political expediency and that Mr Mvunga needed

the support of all genuine Zambians .

He noted that contrary to speculations that Mr Mvunga might not perform, the PF welcomed his appointment and was optimistic that he was the right man for the job. " As PF Lusaka District we welcome the appointment of Mr Mvunga by the President.

Contrary to speculation that he might not perform, we are confident that he will perform to expectations having served different institutions including his previous post prior to his appointment where he was Deputy Secretary to the Cabinet finance and economic affairs, where he was also looking at the affairs of the Bank of Zambia," Mr Nkhoma said .

“So all those saying that Mr Mvunga was not qualified, tough luck to them because the man is equal to the task,” he said.

President Edgar Lungu greets senior Chief Kalima Nkonde in Lunga district 4661

Lungu assures Luapula chiefs of development

By SIMON MUNTEMBA in Samfya

PRESIDENT Edgar Lungu has assured traditional leaders that his administration holds them in high esteem and will work with them to develop their chiefdom.

And President Lungu has advised non-performng members of Parliament to pull up their socks or risk being rejected during the 2021 elections.

He said this yesterday when he met chiefs and village head men and women in Samfya.

The Head of State urged the MPs to work closely with traditional leaders to develop their constituencies.

He said the Zambian people would in 2021 rate their performance and let them continue or not.

And representing the other chiefs, Senior Chief Mwewa thanked President Lungu and government for developmental projects being implemented in the area.

Senior Chief Mwewa who is chairperson of the Luapula council of chiefs said the traditional leadership in the region had already resolved to help President Lungu achieve his development in goals.

Senior Chief Mwewa asked the President to intervene in the traditional wrangles in the area where he accused former Luapula Permanent Secretary, Felix Phiri of having taken part in the illegal installation of Chief Mbulu.

In response, the President said bill 10 was the answer to traditional wrangles.

He said government was restrained from entangling itself from traditional wrangles.

And ZANIS reports that President Lungu has promised the people of Lunga that he will ensure all developmental projects that have stalled in the island are completed.

Lunga is an island with a population of more than 60, 000 people lying along the shores of Lake Bangweulu and can only be accessed by water or air transport.

President Lungu has expressed deep displeasure that a lot of projects have stalled in Lunga, due to inadequate and lack of proper monitoring capacity by leaders to oversee the implementation of the projects that have been initiated by the government in the area.

Earlier, chiefs outlined several challenges being experienced in the region.

DAILY

Thursday 27 August, 2020

FRAUDULENT KCM SALE EXPOSED From Page 1

Mr Mumba has cited ZCCM-IH as the respondent while Zambia Copper Investments Limited (ZCI), Vedanta Resources Plc, KCM directors in November 2004, KCM provisional liquidator Milingo Lungu and KCM (in liquidation) as defendants.

Mr Mumba stated that on January 24, 2002, there was an unexpected announcement from Anglo American Plc that it had decided to withdraw from ZCCM-IH and KCM. He stated that Anglo American Plc announced an agreement on the future of KCM after it reached an agreement with the Zambian government and ZCCM-IH. This is according to an affidavit in support of originating notice of motion for an order for leave to commence a derivative action filed in the Lusaka High Court on August 20, 2020.

Mr Mumba said ZCCM-IH was a shareholder in KCM and as such he is authorised to bring the derivative action on behalf of the respondent against ZCL and others.

Mr Mumba stated that directors of KCM breached their duty of care when they made an offer of 560,325,511 shares that shifted control of KCM to Vedanta Resources at a bargain price of US$ 0.0446169 per share where Vedanta only paid US$25million of US$2.909billion that KCM should have received for its shares.

He stated that KCM loss of US$2.884 billion marked the genesis of the mine’s financial problems.

“The net effect is that the US$25million that Vedanta subscribed for KCM shares was effectively 0.8594percent (U$25million/US$2.909billion) of the actual value of KCM shares. The jeopardy to ZCI and ZCCM-IH investments was caused by the fact that 560,325,511 KCM shares were issued to Vedanta Resources at a price of US$0.0446169 per share, a price below fair instead of a fair price of US$5.193141 per share where Vedanta Resources should have paid US$2.909billion, “ Mr Mumba stated.

He stated that KCM should have received US$2.909billion for the 560,325,511 of its shares but was only paid US$25million in the Vendata Resources KCM’s deal.

He stated that he believed that it was extremely unusual for companies to issue such a very high percentage (104percent of outstanding shares) as right issue.

The applicant states that the issuance of such an extremely high percentage(104percent) ie 560,325,511 of rights’ issue shares of the outstanding 538,351,962 KCM shares at such an extremely low price was not only intended to cause maximum damage to KCM as a corporation and its shareholders ZCCM-IH and ZCI, but was also a calculated move to usurp KCM favourable rising wild copper prices.

He stated that it was done in favour of Vedanta who took over the company control and its cash flow.

Mr Mumba stated that KCM average debt to total capital (debt plus common stock) ratio was only 24 percent, meaning that that company was 76 percent financed through equity capital, essentially, KCM was subse-

quently debt free.

He stated that KCM’s financial position indicates that the company could have easily raised US$25million through debt.

He stated that therefore, given KCM balance sheet, the company’s first option to raise U$25 million should certainly have been through debt finance which would not have affected the share distribution and voting rights of the shareholders.

He stated that ZCI knew or ought to have known that ZCCM-IH purported waiver of its 235,336,715 KCM rights issue in favour of Vedanta Resources and the US$16.8 million purported Government debt cancelation of Vedanta debt to ZCCM-IH were illegal acts done in total violation of Zambian laws.

He said ZCCM-IH did not act to stop Vedanta and Government from committing these illegal acts but it proceeded to be a party to an illegal Vedanta buyout of KCM agreement.

Mumba stated that as a result, it was clear that there was fraud in KCM that was executed by ZCI as KCM majority shareholder working with KCM and its directors who engineered Vedanta buyout of KCM in such a way that Vedanta and KCM deal would profit ZCI while hurting the financial interests of ZCCM-IH. Mr Mumba stated that the shareholders who held five percent or more of the issued share capital of ZCI before the Vedanta transaction were, Copperbelt Development Foundation, Trustees of the KCM employee share ownership trust and Sicovam (SA).

He stated that it was ZCI (under these listed shareholders) that appointed the new KCM board after March 31, 2003.

Mr Mumba stated that from then on ZCI wanted to sell its stake in KCM. He stated that KCM offered 560,325,511 new shares to its then shareholders by way of a rights offer.

“Its then shareholders, including ZCI and ZCCM-IH, had to renounce their rights in favour of Vedanta Resources. Vedanta Resources subscribed for 560,325,511 new KCM shares for an amount of US$25million such that Vedanta obtained a 51 percent interest in KCM,” Mumba stated.

He stated that accordingly, ZCI reduced its shareholding and voting interest in KCM from 58 percent to 28.4lervent percent and ZCCM-IH reduced its shareholding and voting interesting in KCM from 42 to 20.6 percent.

Mr Mumba stated that following the said subscription, there were 1,098,677,473 ordinary KCM shares, 6,000, 000 deffered KCM shares and the special share in issue.

He stated that Vedanta became the registered owners of 560,325,511 ordinary KCM shares comprising 51 percent of the issued share capital of KCM. Mr Mumba stated that ZCI became the holder of ordinary KCM shares representing 28.4 percent of KCM while ZCCM-IH become the holder of ordinary KCM shares representing 20.6pevrenr of the mining company.

He stated that to enable Vedanta Resources to subscribe for new KCM shares, ZCI and ZCCM-IH waived their pre-emptive subscription rights.

HOME NEWS

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DISBAND ACC - UPND … for alleged incompetence

By ANDREW MUKOMA and PETER SICHALI

T

HE UPND in Livingstone has branded the Anti-Corruption Commission (ACC) an incompetent institution which must be disbanded.

UPND youth district chairperson for administration, Gerald Kuyewana, and district chairperson for politics and security Philip Musela said there was lack of seriousness at ACC in prosecuting suspects.

The two UPND officials told the Daily Nation in Livingstone that Zambians had lost confidence in the ACC and that it must be disbanded or overhauled.

“What disturbs us Zambians is the lack of seriousness the ACC is attaching in handling the cases of highly politically connected persons, they need to have sufficient evidence and courage to handle such cases.

"Going forward, if ACC has no evidence or proper team to handle the case, let them save public resources by not attempting to push a failed agenda. In fact ACC should just be disbanded for incompetence," Mr Kuyewana said

Jay Jay now in remand prison

By SIMON MUNTEMBA SUSPENDED Eastern Province youth chairperson, Emmanuel Banda has clocked a week in police custody without being taken to court and has instead been moved to remand prison, relatives have revealed.

They noted that, suspects could not be moved to remand prison without appearing in court.

And Eastern Province Commissioner of Police, Luckson Sakala has confirmed that Mr Banda was taken to Chipata remand prison.

Mr Banda, popularly known as Jay Jay, was arrested last Wednesday for aggravated assault and released on police bond. The following day, he allegedly travelled to Chipata where an impromptu procession landed him into trouble.

Asked why he has not yet been taken to court, Mr Sakala said the police were still waiting for a docket from the National Prosecution Authority.

"Yes we took him to Chipata remand prison. He has not yet appeared in court because we are still waiting for the docket from the National Prosecution Authority," Mr Sakala said.

According to a source who sought anonymity, Mr Banda

He observed that cases must be well handled with a sober team that was courageous.

Meanwhile, Mr Musela added that it was a waste of public resources to pursue any matter in the courts of law without evidence.

Mr Musela added that clearly, certain cases were seen even by an ordinary citizen that they were not going anywhere.

The two were referring to the case involving Health Minister, Dr Chitalu Chilufya, who was acquitted by the Lusaka Magistrate Court on Wednesday after the ACC failed to adduce evidence in the matter.

Meanwhile, former Mufumbwe District Commissioner Masela Sekeseke Chinyama has said the ACC was now a giant organisation of rumour mongering focusing on witch hunting which makes it irrelevant and it should be disbanded immediately.

Ms Chinyama said it was disappointing that the ACC has failed to secure any conviction for high profile cases despite being given independence to operate.

"We all know that ACC has been allowed to carry out their duties without hindrance from

was on Tuesday taken to Chipata Prison from Central Police Station where he was being held.

The source who is Mr Banda's relative insisted that his detention was politically motivated.

"There is political conspiracy in the matter surrounding Jay Jay's case. Just imagine he has clocked seven days now without being taken to court.

"And when we as a family try to enquire why he is not taken to court or allow us to sign police bond for him, they say they are still waiting for instructions from above. Now, we wonder who is the one above instructing the police to prolong Jay Jay's incarceration as if he is a common criminal," the source said.

And the source said, contrary to assertions that Mr Banda was cornered by Police in Chipata, he handed himself in.

The source also said Mr Banda was invited to Chipata

by Sports Minister, Emmanuel Mulenga to attend the youth empowerment programme after he was released on police bond in Lusaka.

Jay Jay was last week charged with aggravated assault after allegedly storming Lusaka’s Central Police Station and assaulting a police officer last month.

After being released on bond in Lusaka on Wednesday, Mr Banda travelled to Chipata, where he allegedly had a “triumphant entry into the city,” fully-backed by a convoy and a posse of supporters.

That allegedly abrogated the Public Order Act guidelines, and Inspector General of Police Kakoma Kanganja on Thursday ordered for his arrest.

He was the following day arrested and charged with unlawful procession.

anyone. The question is, why are they failing to obtain convictions for these cases they have been telling us about?"

Ms Chinyama wondered.

Ms Chinyama said the ACC has become a danger to the nation and should be disbanded and reorganised.

"The ACC should be given an ultimatum otherwise it should be disbanded and reorganised," Ms Chinyama said.

And the Zambian DNA said the fact that President Edgar Lungu allows ACC to probe his Ministers and take them to Court demonstrates his commitment to fighting corruption.

Zambian DNA spokesperson, Spuki Mulemwa said President Lungu had demonstrated his political will to fight corruption and that whenever ever it rears its ugly head.

And Transparency International Zambia(TIZ)Executive Director Maurice Nyambe has said ANTI-Corruption Commission (ACC) lack of preparedness to prosecute Health minister, Chitalu Chilufya has eroded public confidence in the institution.

He said the ACC should meticulously prepare for any case

Spuki Mulemwa that they prosecute in order to avoid such incidences.

“We however wish to express our deep concern with lack of preparedness by ACC to prosecute this case, we want to underscore the fact that such actions tend to erode public confidence in important institution such as the ACC,” Mr Nyambe said.

Mr Nyambe said the ACC should introspect and learn lessons that the case has provided.

He has encouraged the ACC to remain resolute in in executing its legal mandate of fighting corruption regardless of who is involved in the scourge.

ZamStats rubbishes confidential data leakage report

By PETER SICHALI

THE purported leakage of personal information by The Zambia Statistics Agency (ZamStats) is false and must be dismissed with the contempt it deserves, Interim Statician General Mulenga Musepa has said.

Mr Musepa said he was dismayed with the allegations purporting that the Agency had leaked confidential information of individuals on its official website.

Mr Musepa has appealed to the public to ignore any form of information posted through a named social media news outlet that confidential information of names, dates of birth, bank accounts and results of aptitude tests conducted during the recruitment process of Map Data Collectors as false information.

"Members of the public are therefore being cautioned not to succumb to unverified reports which may be circulating on social media platforms,"Mr Musepa said.

He said the Zambia Statistics Agency takes great care to ensure that information collected from the census is clearly in the public interest and cannot be disclosed to any other person or media.

Mr Musepa said ZamStats places the highest priority on maintaining the confidentiality of individual questionnaires. He said stringent instructions and procedures have been implemented to

ensure that confidentiality is maintained at all times.

"Census data are processed and stored on a highly restricted internal network and cannot be accessed by anyone who has not taken the oath of secrecy," he said.

He said data releases are screened so that anonymity is assured. Names, addresses, telephone numbers and any other personal or corporate data are not part of any statistical database disseminated to the public on any of our platforms. Mr Musepa said the oath of secrecy remains in effect for life, even after their term of employment.

He said employees are subject to fines and/or imprisonment should they reveal identifiable information derived from the census or any other statistical information without authorisation.

Mr Musepa said the Statistics Act No. 13 of 2018 is very clear on any breach of the confidentiality and clearly spells penalties.

He said Section 31 (1) (b) of the Act stipulates that a person commits an offence if that person without lawful authority, publishes or communicates to any person, other than in the ordinary course of that person’s engagement, any information acquired in the course of the engagement.

Mr Musepa said confidentiality of personal and corporate data, collected during performance of duties is a legal requirement at Zamstats.

Thursday 27 August, 2020

HOME NEWS

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SECURING FOOD SECURITY NOT too long ago, the country was struggling to feed thousands of people beset with hunger in the wake of a devastating drought and later floods.

Some of the affected areas where mostly in the Southern, Western and North-Western provinces with pockets in Eastern Provinces. However, this is not to say other areas have not experienced deep hunger as a result of calamities at one time or other.

When mother-nature strikes, it brings hunger and it is only the intervention of the government that can save people from starvation.

The Disaster Mitigation and Management Unit (DMMU) under the Vice President’s office has spent the last year delivering foodstuffs to flood victims in various parts of the country. That was after spending another year saving those afflicted by a prolonged drought.

The DMMU is able to carry out the food distribution because of the local food resources that the government is able to use in times of stress, not discounting the contributions from cooperating partners and donors.

It is such calamities that pushes leaders to want to ensure food security is a reality in the country and this starts with the farmer.

It is therefore encouraging that companies engaged in input and fertiliser distribution have already done their part.

Yesterday, Agriculture Minister, Michael Katambo was elated to note that Nerias Investments had completed its distribution of fertiliser and inputs in all districts of Eastern Province.

This means that the onus is now firmly on the farmers to deposit their K400 to access the inputs and fertiliser under the Farmer Input Support Programme (FISP).

With favourable weather, the country is able to realise a good harvest from the farmers’ labour and sweat.

It is also for this reason that we echo the minister’s advice to the farmers to sell their maize to the Food Reserve Agency (FRA) not only because this is a cash transaction but they would also be contributing to the nation’s food reserve security.

It is unfortunate that some farmers have rushed to give their maize to briefcase buyers while the FRA, which is mandated to secure the crop for the nation, has yet to meet its target of one million tonnes of maize purchases.

Mr Katambo yesterday advised the FRA to cast its net wide to buy more maize and replenish the low food reserves by going out in far flung areas.

This is because the farmers in remote areas are inhibited by lack of transport coupled with a poor road network to ensure that their crop reaches the FRA depots.

We do not think that FRA should delay any further considering that the nation could be facing a more serious problem if national reserves of maize stocks decline.

The minister warned that the country’s food reserves currently stood at 6, 000 metric tonnes and that there is urgent need to replenish stocks to guarantee national food security.

He said this yesterday when he paid a courtesy call on Eastern Province Permanent Secretary Veronica Mwiche at her office.

Mr Katambo said FRA should reach out to more farmers in remote areas who are failing to take their maize to its depots to buy grain from them.

“The President is concerned with the low national strategic food reserves and has directed my ministry to buy more maize to replenish them. I am therefore urging FRA to enhance its methods of purchasing maize from our farmers so that we meet our target of over one million metric tonnes,” Mr Katambo said.

This is an ominous warning which the FRA should take seriously. It is time to ditch the suits and get into the bush to mop up all the maize before desperate farmers give in to briefcase buyers.

The country is far from reaching our strategic reserve targets and the more reason to sensitise farmers on the need to sell only to the FRA. The national reserves, like the minister said, cater for everyone in difficult times like floods and droughts.

Even the same farmers would be beneficiaries should the crunch come to shove.

DAILY

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CHITIMUKULU DOESN’T WANT IMPORTED CADRES

P

ARAMOUNT Chief Chitimukulu of the Bemba has warned political parties against importing cadres from other parts of the country in the run-up to the Lukashya Constituency polls on September 17, 2020.

The paramount chief also urged the people of Lukashya Constituency to denounce politics of division and violence ahead of the parliamentary by-election.

The Chitimukulu said residents of Lukashya should uphold co-existence and peace regardless of their divergent political views.

He said this when Northern Province Commissioner of Police, Richard Mweene called on him at his palace in Mungwi yesterday.

“I must appeal to the people of Lukashya to continue liv-

ing in harmony and not allow political campaigns to disturb their peace,” Paramount Chief Chitimukulu said.

He said the local people should not fall prey to political players who instigate violence ahead of the by-election.

“Political parties are like church denominations, people live together in peace and harmony in communities despite belonging to different churches. Even when it comes to politics, there is no need to fight,” Paramount Chief Chitimukulu said.

And the Mwinelubemba has urged churches in Kasama to pray and preach against political violence.

In response, Mr Mweene said his office has decided to engage traditional leaders on ways to curb electoral violence ahead of the Lukashya

parliamentary by-election.

Mr Mweene hailed Paramount Chief Chitimukulu and other traditional leaders in the district for advocating for a peaceful campaign in Lukashya constituency.

He said police have a duty to ensure that law and order is maintained before, during and after the polls and will do everything to protect the lives of innocent citizens.

“Thank you Your Royal Highness for the blessings, as police we will be on top of things and protect our people. There is no value in violence, if you are rejected by the people just go back and if you’re accepted celebrate but don’t bring anarchy,” said Mr Mweene.

He also urged the media to expose perpetrators of political violence.

Paramount Chief Chitimukulu

Earlier this week, Mr Mweene met with Senior Chief Mwamba and Chief Nkolemfumu whose chiefdoms form part of Lukashya Constituency.

The Electoral Commission of Zambia has set September 17, 2020 as the date for the Lukashya Parliamentary By-election following the death of Independent Member of Parliament Mwenya Munkonge last month . - ZANIS.

Mboweni remarks mischievous - Lubinda Forged will case rages in court

By OLIVER SAMBOKO

CLAIMS by Tito Mboweni that he drafted legislation which spells out procedures for appointment of the Bank of Zambia Governor and the reasons to be advanced when removing the Governor from office are mischievous, misleading and meant to undermine the sovereign authority of this country, Justice Minister Given Lubinda has said.

Mr Lubinda said the statement by Mr Mboweni, South

Africa’s minister of Finance was mischievous and misleading.

He said in a statement that the Zambian constitution provided that the sovereign authority to make laws vests in citizens to through their elected representatives to parliament.

“The responsibility to make laws is an internal national obligation exercised by the people of Zambia. In this process, our laws may be influenced by international or regional model laws, however they cannot be proposed by any non-citizen,” Mr Lubinda said.

ZCTU wrangle goes to court

By GRACE CHAILE-LESOETSA

TWO unions have sued Zambia Congress of Trade Unions (ZCTU) Secretary-General Cosmas Mukuka in the Lusaka High Court demanding that he steps down because his stay in office is illegal.

Mine Contractors, Factories and Allied Workers Union and National Union of Technical Lecturers and Allied Workers (NUTELAW) suing through their general secretaries, Mr Levi Chimfwembe and Mr Chikaiko Phiri respectively, have cited Mr Mukuka as the respondent in

the matter.

The two unions in their notice of complaint filed by their lawyers Tutwa S. Ngulube and Company want the High Court to order that Mr Mukuka is not qualified to hold the position of Secretary-General of the ZCTU pursuant to section 18 of the Industrial and Labour Relations Act and article 14 (8d) of the Union as he is no longer an employee.

They also want an order of interim injunction to restrain Mr Mukuka by his servants, agents of whosoever from authorising documents, giving instruc-

Community leaders prodded to lead Coronavirus fight

By SANFROSSA MANYINDA

GOVERNMENT has called on community leaders to see to it that people in their respective areas are adhering to the Covid-19 prevention measures And the State says it is indebted to the media for the support it has been giving since the outbreak of the covid-19 pandemic.

Permanent Secretary for Technical Services in the Ministry of Health, Dr Kennedy Malama said the government appreciated the role the media has been playing from day one to date.

"Community leaders are key in the fight against the virus because they are always on the ground. We need them to use their influence to sensitize residents," he said.

Mr Lubinda said there was no Bill either before the National Assembly or his ministry that was drafted by Mr Mboweni.

“What is before the Ministry of Justice is a proposal from the Ministry of Finance to repeal and replace the BoZ Act CAP. 360 of the laws of Zambia which inter alia, proposes to domesticate the SADC model law on the central bank,” he said.

Mr Lubinda however said the model law was a creature of SADC and that if Mr Mboweni participated in drafting the law, it was not his law.

tions, approving payments and other matters connected to or incidental to the operations of ZCTU pending final determination of the matter.

The two unions also want an order to compel Mr Mukuka to surrender the keys and all documents connected to or incidental to the operations of ZCTU. But Mr Mukuka through his lawyers GDC Chambers argued that the court has no jurisdiction to entertain the hearing of the two unions’ ex-parte application for an order of interim injunction and to grant the reliefs sought by the complainants, when the matter is irregularly and improperly before the court.

Dr Malama appealed to all citizens to always follow the guidelines and avoid waiting for the next person to comply.

Zambia has recorded 91 new cases were in the last 24 hours out of the 599 tests conducted bringing the cumulative number of cases to 11, 376.

Fiifty-seven patients are admitted to Levy Mwanawasa Hospital, 37 are on oxygen, 6 in the ICU and one on a ventilator.

Deaths remain at 282, while 294 people have been discharged making a total 10,693 recoveries.

By OLIVER SAMBOKO

A STATE witness yesterday testified before the Lusaka Magistrate’s Court how his uncle allegedly fraudulently uttered a false deed of will and removed him from the list of beneficiaries of his late grandfather’s properties.

This in the matter where an Indian couple Pakizah Khan, 54, a housewife and Mohammed Khan of 9565 Isunga Road in Kamwala, are facing four charges of forgery, depriving beneficiaries of their entitlement and obtaining money by false pretenses contrary to the Laws of Zambia.

Testifying before Chief Resident Magistrate Lameck Mwale, Varinder Singh,30, of Lusaka said in 2018, he discovered a will which was allegedly prepared in India which according to him had a forged signature of his grandfather named Harbans Singh.

Varinder testified that the alleged forged will had only three beneficiaries and excluded him, his siblings, his mother and the other family members.

He also testified that the alleged forged deed of Will had wrong details like passport number for

DAILY

Thursday 27 August, 2020

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5

Banking sector ZCCM-IH INVESTS $250, 000maturity IN GOLDpeaks LAB …as BAZ is elated A

By BUUMBA CHIMBULU

6

Thursday 27 August, 2020

BOUT $250, 000 has been that were more resilient and

By BUUMBA CHIMBULU invested in setting up a in a better position to provide exciting services to the laboratory that will establish gold THE Mergers and Acquisipublic. tions (M&A) transaction excontent in ore which will be bought He explained that consolipected to be completed this from artisanal and small scale gold dated and larger participants year indicates the maturity brought about healthy comminers Zambia. of the Zambian banking secpetition in the market. tor and the confidence parZCCM-IH has set up the laboratory in “When you have a stronger ticipants have in the market. partnership with Karma Mining Services balance sheet, you are able to The industry is by the increase your footprint and and Rural Development Limited in fourth quarter of this year outreach and structure bigger Consolidated Gold Company. expected to record a second deals for the market. Once M&A transaction in four years Chief Executive Officer, Mabvuto you build strength it is easithat will see Access Bank er to focus on churning out Chipata, explained that the purpose of Zambia takeover Cavmont more exciting innovations the joint venture was to develop a gold Capital Holdings limited. and solutions the market reCommenting on the M&A, processing and trading operation in quires,” Mr Mwanza said.

Bankers Association of ZamMr Mwanza indicated that Zambia. the recent debt relief given the saving would significantly macroeconomic vulnerabilbia (BAZ) Chief Executive the last M&A transaction reChipata saidParis the Club investment was toMr Zambia by the reduce Zambia's bilateral debt ities. Centre for Trade Policy Officer, Leonard Mwanza, corded in the country had suspending debt stock which stood at US$240 and Development (CTPD) stressed that this spoke highinCreditors line withofone of ZCCM-IH’s strategic yielded positive results. service would coun- which millionwas at end of 2019, it would Executive Director, Isaac ly of the banking industry’s He explained that the entiobjectives of assist valuethe creation try with resources needed for not provide relief for the ma- Mwaipopo, said his organisamaturity. ty had been more innovative, to diversify its investments away from Mr Mwanza said in an inpublic service. jority of the external debt. tion was in the process of forrolling out more digital bankcopper to other minerals such as terview that M&A in the inThe World Bank estimated Mr gold Zulu said commercial mulating a paper which would ing solutionsour required in the “As Karma Mining Services and Rural Development, dustry showed the opportuthat other the G20 Debt Service Sus- debt, export and suppliers' include suggestions on how market. and precious metals. expertise is in gold processing, but we are mostly working nities that the sector had in Atlas Mara, a product of pension Initiative wouldthe save credit and multilateral debt debt could be tackled.

He said this during laboratory artisanal the andeyes small scalethat gold miners.’’ of those wished a successful acquisition of Government about US$139.2 accounted for 96 percent of Mr Mwaipopo with indicated media tour in Lusaka yesterday. to participate in the banking Finance Bank Zambia and million worth of debt servic- external debt. that the paper would have business in Zambia. subsequent consolidation of “This is also in line with Government’s ing.

This, he said, indicated that advanced agenda on dealing Once successful, the deal Atlas Mara’s existing subsidiclassification of gold a strategic "Although the Paris as Club the burden shouldore stillthat be awould withbe debt.

“This laboratory is targeted at the received from various estimated to close in the ary BanABC Zambia in 2016, only accounts for one percent cause for concern, particularly "Government needs more resource for Zambia,” he said. operations setting upbeginning startingtowith miners, who would get a fair share and fourth quarter of we thisare year, is now reflect reofConsolidated the external Gold debt stock, as Zambia to the debt relief from lenders. If will enable Access Bankwe ZamCompany Chief edged closer sults of thewith merger.

Rufunsa, were are working small value for their material. the savings from this bilater- first Eurobond bullet payment China come on board as soon balance sheet potentialTheisbank year put up Executive Officer, Faisal scale miners there and art analthis miners “AsGovKarma Services andhelp Rural bia’s al debt suspension will go Keer, a in explained 2022. He encouraged asMining possible, then the ly rally to sixth place in the 18 an outstanding performance that wouldinbe able to to continueDevelopment, from the surrounding area,” he said. ourgo expertise is in in gold longthe waylaboratory in helping Zambia ernment pursuing would a long way helpcommercial bank industry. with second quarter earnings terms of freeing an day.

International processing, Monetary ing start rebuilding process aboutup 30resources," samples per Mr Mwanza consolirally surpassing commerMr Keersaid said the laboratory would all also butZambia we aretomostly working Mr said. package which itsand economy deal gold with the dations and mergers indicatcial banksfor across the to industry, MrZulu Keer said the laboratoryFund was critical be open to the general public them withwould artisanal smalland scale ed the desire to create much indicating positive results of a He however said although require addressing underlying fiscal space," he said. to determine the gold accurately in the come and have their samples tested. miners. successful merger. stronger financial institutions

SECURE MULTILATERAL DEBT RELIEF, GOVERNMENT URGED

By BUUMBA CHIMBULU

GOVERNMENT must expedite efforts to secure debt relief from commercial and multilateral lenders which will create the much needed fiscal space, says Consumer Unity Trust Society (CUTS) Programmes Coordinator, Ismael Zulu.

Mr Zulu stressed that debt relief from commercial and multilateral lenders would assist Government with the fiscal space to provide essential public services at a time when domestic resource mobilisation had been subdued.

He indicated yesterday in Lusaka at a press briefing that

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N our continued journey through the 2020 Code of Ethics and Banking Practice, this week we look at information on interest rates, and bank account operations.

Interest Rates At the time of opening an account for you, your bank will commit to the following: i). Provide you with written information on interest rates applicable on the type of account(s) you opt for; ii). Provide you with information on when the bank will take interest or pay interest to you as their customer; iii). Clearly indicate how the bank will advise you of any changes in the interest rate disclosed; iv). Inform you on the basis on which interest is calculated on the type of account(s) you opted for; v). Clearly advise you that the interest rates applicable to your account(s) may periodically change in response to the international and/or local financial market conditions.

We will keep you informed about changes to the interest rates on your accounts by giving reasonable notice of these changes. The notice will be given either by way of individual notification at the last postal address, contact number or email provided by you to your bank, or by way of general notification displayed at the bank premises or by Press Release if circumstances so warrant before they become effective; vi). When your account(s) become overdrawn without prior arrangement or if you wish to draw against uncleared effects, it will attract interest and/ or charges in accordance with the applicable terms and conditions;

B

ANKING an integral rolebanks in the and Exchange Commission.

Theother Association ensureunderstand that the bankYou to cannot upon the rules of individwilldeendeavour to account or depositalso· works vii). At or beforeplays the time an vices, velopment of commerce and industry in at the BAZ is a mouthpiece the or banking sector and is ing industry views forward when government it generates money. ual banksofand/ product customers earaccount(s) to normal/ op-are puthow agreement is made for the inform · It is not a registered prodtype), your account willofbe theregard, disruption of ser- to address erative extension of a creditdispensation. facility liestInofthis any economic mandated various matters common in- account determines policy or legislation.

Many areas of law and uct, or a product offered dormantadvocacy and vices at branches/ 5.) By law, including banks areinternational required to you, the will furnish banks play anbank important role in the creation of new offices dustryand interest marked throughaslobbying, polilaw impact upon the interests by an authorised financial to transfer to the Bank of you, in written, with the cost ATM sites and the alternative 2.) The bank tariff guides will capital (or capital country and available. thus cy Where influence. The Association aims at facilitatingZambia the ofor commercial banks in Zambia. services provider. provide you with informasafe custody of lending to you; formation) in aarrangement help the economic growth sys- industrial growth of the sector, asitems well youFor example, issues of andorfiscal policies and · micro Returns profits earned tion on charges payable/ maybanking not be possible for the and innovation have deposited viii).

Your bank will keepprocess. you itThe are the dependent on recruitfrom you to provideand individual no- andrecoverable bank, which informed aboutthe changes in in- bank tem facilitates intermediation of internal as building sustaining good-will andinpublic with con- thefinancial sectorhave reform affect trading environment members to theits such dormant/ inoperative and and ing terest rates applicable international trade. to loans tification, and information fidenceon in the commercial banking sector. One ofbeen the left for untouched banks in Zambia the more Association consults scheme. account(s) not reclaimed for a period or credits within the agreed disruption of services will be The history of the banking sector in Zambia ways this mandate is realised is through engagement members to form industry position on many to isof ten year or more. Prior · If it sounds too goodsuch period and if no period has given either by way of general 3.) Any funds or other perdates as far back as 1906, when the first commercial with critical Government agencies and ministries as sues.

With the active participation of the member be true, its most likely a sonal property removed to the transfer of funds, the been agreed within a reason- notification displayed at the bank’s places with of business or scam.of Zambia works to fosfromstakeholders the safe deposit box bank will give you a writtenAssociation able period prior to implebank-Standard Chartered Bank was established, well as other critical in the Zambian econbanks, the Bankers · Be financial skepticalservices of any investby Press in view of the or any other safekeeping notice ter to an theenvironment last knownin which itmentation. first branch opened in Kalomo District ofRelease Southern omy. are valment’s insistence that you circumstances facility on which the bailpostal address or email you Province. In the last 114 years of the existence and operued and can prosper.

In communicating the industry’s act NOW. ment period has expired provided to the bank, or Opening of Closing of ation ofBranches/Offices the commercial banking sector in Zambia, the HOW WE WORK Association with Government, the Be careful of investments due to the non-payment of place ofviews, noticethe in print me- · works Alerts Bank that guarantee high charges by reason diaits and regulators, if no response is industry recountry currently The Bankersrental Association ofor Zambia works with other associations, theyou community, Your bank banks. may, depending and ATM Sites has 18 registered commercial of some other default the bank will effectand theprofits circumstances, issues a to provide Takingcommit into account the critical upon role played by the members analysis, advice and by advocacyceived, and community groups media.with little or no fiBank to providing nancial risk. the bailor or any surplus the transfer communique either electronicustomers reasonable prisector in the provision of banking services to all sec- contributes to amounts the development of public on Some the initiatives the Bankers Association Exercise due diligence in arising from the policy Remember, as an of existing or · that cally or through print media or or notice of their intentions tors of the economy the existing banks in themeans country banking and other financial services. of Zambia is working on inselecting collaboration with the Bank investments and sale of property in accorprospective bank customer, by other advising you to open or close any of their the people with whom with ofthe law, works that toyou reserve rightand to shop realised the importance establishing an umbrella The Bankersdance Association Zambia ensure of the Zambia other key stakeholders include theyou folof important developments, bank branches/ officesof and invest DO YOUR HOMEhave been unclaimed by around for the product or serprecautions to be taken, or body that would effectively represent the interests of that the banking system can continue to deliver the lowing: ATM sites WORK BEFORE INVESTthe owner for more than vice that suits your needs. Ask steps to be taken to protect the sector. benefits of competition Zambian banking ING YOUR MONEY. ten yearstofrom the date on custombank officials for information yourself against frauds, theft, Relocation of Branches/ It was against this background loss thator in injury 2008, while the ers. shared digital payments through · Consult anchannels unbiased third which the bailment period about the -Promoting different accounts. transactOfficesAssociation and ATM Sites party- like an unconexpired shall be regarded as Take time to review the terms Bankers of Zambia (BAZ) was formaling with your bank Banks will provide their cusnected broker or licensed abandoned and shall be re- and conditions, as well as the lytomers registered. to the prior establishment of BAZ, the withPrior reasonable financial advisor before mitted to the Bank of Zam- features of the account and seDormant/ Inoperative Association operated informally with the chairing notice of events like planned investing. bia as ‘unclaimed balances’ lect an account that best suits Accounts/ Unclaimed relocation of branches/ offices bank in a particular year, offering all related secreAs always, be sure to join us as prescribed in the Bankyour financial needs. and ATM sites,asaswell wellas ascoordinating infor- Funds next week as we continue with ing and Financial Services tarial services, all activities of mation on the closest alterna- 1.) Where your account(s) reour series from the 2020 Code Act No. 7 of 2017 Fraud Prevention Tips the The Association’s role has overtime mains inoperative, for extivemembership. branch, ATM, or agency 4.) Your bank will guide you Signs to look out for that it is a of Ethics and Banking Pracample where there are no evolved to include the promotion of efficiencies, inDistribution of Services at tice. Please share your comon the procedures to be “Get Rich Quick scam” transactions, except bank Branches/ and ATMand positioning novations andOffices industry growth memments and thoughts with us followed and/ or additional · It claims to pay out doucharges done for a period Sites via Email: Mirriam.Zimba@ documents to be submitber-banks to continue supporting both privatefrom sectorsix months ble-digit returns. ranging In case of any eventuality ted, if any, for reviving the · It claims to be an opportu- baz.co.zm or bazsecretariat@ and Government economic agendas enshrined in the to one year (depending leading to disruption of serbaz.co.zm status of your safe custody nity of a lifetime. country’s National Development Policies.

Thursday 27 August, 2020

US and China hold ‘constructive’ trade talks after delay LONDON - The United States and China have held talks over their so-called “phase-one” trade deal after the discussion was delayed earlier this month.

Both sides saw progress and are committed to the agreement, the US Trade Representative said.

Negotiations had been expected to take place on August 15 but were postponed by President Donald Trump.

In an election campaign speech earlier this month, Trump said: “I don’t want to talk to China right now.”

The statement from the US Trade Representative also said the two parties had discussed intellectual property rights and other issues that have proved sticking points in negotiations over a phase-two deal.

“The parties addressed steps that China has taken to effectuate structural changes called for by the Agreement that will ensure greater protection for intellectual property rights, remove impediments to American companies in

Economic activity picking up, but still ‘deeply negative’ JOHANNESBURG - South Africa’s economic activity is slowly picking up, with the easing of lockdown restrictions, according to data from the SA Reserve Bank.

The central bank on Tuesday released its latest set of business cycle indicators.

In a weekly outlook report ahead of the release, FNB economists said they expected an improvement in the June data, but that it would remain “deeply negative” as the operating environment “remains challenging,” despite the easing of restrictions.

The leading indicator, which signals changes in the economy before they happen, increased by 2.7 percent in June as seven of the nine components increased.

the areas of financial services and agriculture, and eliminate forced technology transfer.”

The announcements came after US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke to Chinese Vice Premier Liu He on Monday evening Washington time. It marks a rare sign of co-operation between the world’s two largest economies, as their relationship has become increasingly strained this year over a wide range of issues including data security, the coronavirus pandemic and Hong Kong.

In recent weeks Trump has increased the pressure on Chinese technology firms with executive orders to ban the short video-sharing app TikTok and social media platform WeChat.

This week TikTok’s owner ByteDance launched a legal challenge against the US president’s decision, arguing that the move was motivated by politics, not national security.

– BBC.

“The largest positive contributions to the movement in the composite leading business cycle indicator in June were increases in the number of residential building plans approved and in new passenger vehicles sold,” the Reserve Bank said.

The coincident indicator – which gives an early reading on the impact on GDP – for May declined by 0.8 percent on a month-on-month basis from April. It indicates that May saw “the largest annual collapse in GDP on record,” said Annabel Bishop, Investec chief economist.

“We continue to expect that South Africa’s GDP contraction overall for 2020 will be the most severe on record, likely worse than -10 percent y/y,” she said in a note issued after the data release.

April’s revised coincident indicator was 30.7 percent, revised down from 26.8 percent, compared to the previous year. May’s data also reflects a 31.3 percent decline from the previous year.

These are the two largest declines on record, since the Reserve Bank tracking this data from 1960, Bishop said.

- FIN24.

ARTISANAL BOOST …Glencore makes U-turn to back artisanal mining of cobalt

K

INSHASA Glencore, the top cobalt producer, backed a new initiative to support informal miners in the Democratic Republic of Congo as the industry tries to reassure carmakers about ethically mined supplies of the battery metal.

The company, which has long argued that the auto industry is best served by buying cobalt from its industrial mines rather than from informal miners, said on Monday that it has joined the Fair Cobalt Alliance.

The group aims to end the use of child labour at mining sites and improve working conditions in Congo. It’s also backed by major Chinese cobalt refiner, Zhejiang Huayou Cobalt.

Glencore is joining the FCA at an important time for the cobalt industry.

Earlier this year, Tesla agreed to buy the metal from Glencore’s Congo mines as it seeks to avoid a future supply squeeze, yet battery makers are increasingly looking to engineer out the metal given its high price and concentrated output in one country.

“The FCA is a vehicle for businesses all along the supply chain to collaborate with the DRC government and civil society to transform the artisanal mining sector into a source of fair, safe and responsibly mined cobalt,” said David Brocas, Glencore’s head cobalt

trader.

Almost three-quarters of the world’s cobalt comes from Congo, where Glencore owns two of the largest mines, and demand is forecast to surge in the coming years, driven by electric-vehicle sales.

– BLOOMBERG NEWS.

Botswana says no guarantee on De Beers sales deal by end-2020 GABORONE The Botswana government said there was no guarantee that it would be able to renew a new 10-year sales agreement with De Beers before the end of December, when the current one expires, as the coronavirus pandemic has delayed negotiations.

“The ideal situation would be to end the talks by December but there are no guarantees that will happen,” said Mmetla Masire, Permanent Secretary in the Ministry of Minerals in an interview late on Monday.

The deal is necessary for the Debswana Mining Company, jointly held by the world’s biggest producer De Beers and the Botswana government, as it provides the country with around two-thirds of its foreign exchange and makes up a fifth of its GDP. For De Beers, a new deal would mean another 10 years of clarity on the terms of its revenue stream from a country from where it sources 70 percent of its diamonds and 90 percent of its sales.

The wealth from diamond mining has helped transform

Standard Chartered Bank takes Land Bank to court JOHANNESBURG - One of Land Bank's lenders, Standard Chartered Bank, has taken the state-owned development finance institution to court to try to recover its money.

The Land Bank has been facing liquidity woes for most of this year since Moody's downgraded its global credit rating ratings to junk.

The bank has not been able to service a large amount of its debt. While National Treasury announced in June that it will be getting R3 billion in recapitalisation, since that capital injection had to be tabled in Parliament as part of the Adjustments Appropriation Bill that was only passed on August 4, the bank was not able to make

the country from primarily a agri-based economy to one of Africa’s richest countries.

A delay would set back President Mokgweetsi Masisi’s efforts to boost a fledgling diamond polishing and cutting industry and create jobs in a country of 2.2 million with high unemployment. Masire said the government had resumed talks for a new deal, but travel restrictions have kept the progress slow. In 2011, De Beers agreed a deal to transfer its global sightholder sales, which accounts for 90 percent

of its total diamond sales, from London to Gaborone, creating thousands of jobs and investment in the southern African country.

Botswana’s government would want a higher allocation of diamonds produced

by Debswana for sale from the current 15 percent agreed in 2011, or get a larger share of rough stones, said Avi Krawitz, an analyst from Israel-based diamond information provider Rapaport.

“This will be a sticking point for De Beers,” he said.

– REUTERS.

interest payments in July.

It resumed payments on August 11, but Standard Chartered Bank served it with legal papers on August 18, 2020.

"Land Bank is working with its advisers and will be opposing the application. Land Bank continues to engage with its financial creditors as it works towards the Liability Solution," wrote the Land Bank on Tuesday. Standard Chartered arranged a $300 million 10year loan facility for the Land Bank in 2017. The loan was backed by a guarantee from

the World Bank's Multilateral Investment Guarantee Agency.

National Treasury has previously said that during engagements with the Land Bank lenders, the state institutions made appeals to those owed not to exercise rights they may have to call on debt that is at risk of default.

The Land Bank is currently working on a solution – termed the Liability Solution – to address its cross defaults and extend the term of all funding that has matured or will mature in the next 12 months.

– FIN24.

PROMOTION RUNS FROM 20TH AUG TO 02ND SEP 2020

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Promotion starts 20TH AUG and ends 02ND SEPT 2020 (excluding public holidays / valid only during trading hours). Items available only whilst stocks last & exclude accessories used only for advertising purposes. All promotional prices (when listed) are in Zambian Kwacha, are VAT inclusive and do not apply to credit sales. Whilst every effort is made to ensure illustrations and copy are accurate, product and colors may differ. Micmar reserves the right to limit quantities sold of promotional items.

Errors and omissions excepted. All other Terms & Conditions of sale apply.

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Kitwe walkways turned into parking lots

By SANFROSSA MANYINDA PRIVATE and public vehicle owners have invaded the newly constructed pedestrian walkways in the Central Business District (CBD) of Kitwe forcing pedestrians to use the main roads.

According to the Road Transport and Safety Agency (RTSA) and the Zambia Police, the majority of people who die in road accidents are pedestrians and cyclists.

Some pedestrians complained that both sides of the roads were usually blocked, making it difficult for them to move safely.

They wondered why some pavements that were meant and designed for pedestrians had turned into parking lots for bus operators and private vehicles.

“It gets impossible for us to walk on pedestrian ways especially for some of us who have relatives that are in wheelchairs. We always have to go onto the road despite it being dangerous but what can we do?” Mercy Kaluba wondered.

Ms Kaluba explained that

they were almost run over on the main roads on several occasions.

Another resident, Poster Jumbe, said it was disappointing to note that the local authority had remained mute on the matter despite receiving complaints.

Mr Jumbe said it was not fair that people have not been given the right to enjoy the facilities that have been put up for them.

“The situation is bad especially on Langashe Street where even some traders have even left their shops to sell their merchandise on the pavements.

“The silence we are getting from the council is worrying especially that we see them monitoring business activities in the CBD everyday,” he said.

Mr Jumbe stated that the failure by the council to manage the situation would cause more problems as the matter had already gotten out of hand.

But when contacted for a comment, Kitwe City Council Public Relations Officer, Nelly Nkolongo, said that the council had issued warning on several occasions but to no avail as vehicle owners went back and parked once council officers left.

Ms Nkolongo said that the council was in the process of starting to clamp vehicles that would be found parked in pedestrian walkways in the CBD so that owners could be prosecuted.

‘Protect women against cyber bullying’

By SANFROSSA MANYINDA GOVERNMENT must enact laws to protect women from cyber bullying ahead of 2021 general elections, the Zambia Alliance of Women (ZAW) has advised.

ZAW Executive Director, Edah Chimya, said that it was important to ensure that rights of women were protected as the country was heading towards elections.

She was speaking in an interview with the Daily Nation in Kitwe yesterday.

Ms Chimya observed that there was a lot of cyber bullying taking place currently which she said was likely to worsen during the election period.

"Cyber bullying is one of the reasons that discourage

women participation in politics, therefore there is a need for women to be protected in order for them to freely participate in politics and be able to compete with men," she said.

She said that Zambia was still under 14 percent in terms of women representation in Parliament, which was contrary to the Southern African Development Community SADC protocol on gender and development which required 50 percent representation of women in Parliament.

Ms Chimya said that this could be achieved if the enactment of cyber laws were done before 2021.

She said that it was only this way that would help manage the situation and instil confidence in women.

10

By ROGERS KALERO

A

LAND scam where a play park in Kitwe has been illegally sold using altered council minutes has been unearthed.

The Kitwe City Counci has since written to the Chief Lands Officer in Ndola to cancel the offer of land in a play park in Parklands residential area on Nationalist Road.

Kitwe Town Clerk, Mbulo Seke, confirmed the development which was reported to the local authority by ward councillor Cleopus Njovu.

Investigation have revealed the illegal sale of the land which was sitting on plot number KIT/674 in Parklands.

Mr Seke said the land on the said Play Park was appearing as registered under some mining company in Kitwe.

According to findings the plot was initially allocated to Larvena Bwale and later offered to the same person using council minutes for 26th May 2011 which appeared

Thursday 27 August, 2020

ANOTHER LAND SCAM UNEARTHED IN KITWE different from the original council minutes “I got a tip from the area councillor saying that a Play Park on Nationalist Road has allegedly been sold. So investigations revealed that indeed the said Play Park which is sitting on Plot number KIT/674 was appearing as registered under some mining company here in Kitwe.

“Further investigations revealed that the said plot was initially allocated to Larvena Bwale and later offered to the same person using council minutes for 26th May 2011 which appeared different from the original council minutes.

So because of these irregularities, the local authority has since written to the Chief Lands Officer in Ndola to cancel the offer,’’ Mr Seke said.

Mr Seke “Further investigations revealed that the said plot was initially allocated to Larvena Bwale and later offered to the same person using council minutes for 26th May 2011 which appeared different from the original council minutes. So because of these irregularities, the local authority has since written to the Chief Lands Officer in Ndola to cancel the offer,’’ Kitwe has been experiencing numerous cases of illegal allocation of land in Zamtan area, Zambia Railways land

near Manica Freight Services, Presidential Guest house area and other parts of the city.

In most cases, councillors ahave been implicated in the illegal sale of land with others being accused of getting involved in these vices to make money for the 2021 election campaigns Recently, a combined team of Zambia Police Service and Mopani Copper Mines officers demolished 40 structures constructed on mine land in Mindolo North area of Kitwe The demolition was carried out after several months of warning members of the public to desist from buying pieces of land. Recently, Government suspended councillors in Kitwe and Lusaka to pave way for investigations into rampant illegal land deals.

New CB Airport at 78p.c. completion

By MUYANI SHINJABALE THE New Copperbelt International Airport in Ndola will be completed and handed over to Government early next year, says Copperbelt Permanent Secretary Bright Nundwe.

Initially, the $397 million project was supposed to be completed in December this year, but the date had been rescheduled due to delays caused by the outbreak of COVID-19 Mr Nundwe however indicated that construction works were progressing well and currently at 78 percent in terms of completion.

The Permanent Secretary indicated that works were going on smoothly despite some challenges including the COVID-19 outbreak.

Mr Nundwe said in an interview, both the main and sub-contractors at the construction site were working.

He also urged all the workers at the construction site to adhere to the COVID-19 preventive measures in order to safeguard their lives.

The project located on a 2000 hectares site Northwest of Ndola, will initially be capable of handling one million passengers per annum.

AVIC International started construction in 2017 and the facility will have with a 50-roomed luxury hotel, a

new fire and rescue service station and a cargo terminal.

Other facilities are aircraft maintenance hangar, airport fuel farm and three aero bridges. Recently, Vice President Inonge Wina said the New Copperbelt International Airport would be a game

changer for the region’s trade, investment and Tourism.

She directed the contractor to fully actualise the resettlement plan for people that will be moved from the site of the new airport before the project was completed and handed over to Government.

Thursday 27 August, 2020

11

Terminated: to Awisi Jabulani Dear Editor,

Send an email to dailynation@ymail.com

You can also send contributions on any topic. Anonymity when requested will be granted. Send your text message to: 0967 697056 / 0954 328223 / 0972 067699

BABA, today my phone has been sizzling hot with the same question “Have I been fired as Chairman of the Board of ZDA?” The second question is “How do you feel?”

So, yes, I have been fired, in fact the word is “terminate.” My appointment was terminated by the Minister of Commerce Trade and Industry.

So how do I feel? Of course I have mixed emotions; numbness, anger, disappointment, confusion, a sense of victimisation, a sense of failure, embarrassment and occasional defiance.

But wait a minute these are natural reactions everyone goes through when something like this happens so I have a sense of deja vu. The emotion I try to deal with immediately is that of blaming someone. Do not blame someone.

For we are designers of our own fate.

The outcomes are our own creations premised on what our values, principles or moral compass we have. Blaming someone is a negative way of moving forward. Instead, replace the blame game with the learning curve.

Introspect and ask what did I do wrong or right?

On that basis you will do right better in future. So internalise the blame and it should always be “I should have done better and I will do better.”

MOVE ON But before I could wallow in self-pity and sympathy and start to move on, a major event happened which further confused my emotions.

The Governor of the BoZ Dr Denny Kalyalya (who is married to my niece, therefore my

apongozi) was retired. Then before I could catch my breath, Mr Chris Mvunga, a young brother of mine was appointed as Governor of the central bank.

So my dilemma, to be sad or to rejoice or to think of my own survival issues? I decided to rejoice because all events were interlinked and designed by God. The events served to remind us of our purpose and that is to serve and give our best. It reminded us further of not to feel entitled but privileged to be servants of our people and each one of us has a purpose with a defined time within which to perform. It might be four months, two years, five years but it’s God’s time and that is the best time. I know without a doubt that Dr Kalyalya served his country as a BoZ official with unquestionable loyalty, with impeccable integrity and professionalism.

Dr Kalyalya has left the Bank a happy and proud man and he is at peace because he knew his time to leave would come.

Mr Mvunga comes to the central bank already experienced as a former Deputy Minister of Finance and of late as the Deputy Secretary to the Cabinet for Finance and Economic Development, a portfolio which superintendent all the financial institutions in the country, including BoZ. He will perform diligently, loyally and professionally. As Dr Kalyalya leaves BoZ happily, Mr Mvunga goes to BoZ happily and that gives me cause to rejoice for them.

As for me, I’m grateful to God for good health, good loving family, good friends and good fish.

Life is a constant challenge and decide on what makes you happy.

Know yourself and take every set back as a reminder to recharge your batteries for a new journey.

Keep a pure heart and do not harbour ill-feelings. MOVE ON and Smile!

FISHO MWALE.

CHILUFYA ACQUITTAL: IF ACC MEANS

WELL LET IT ARREST FALSE INFORMERS Dear Editor,

F

IRSTLY, we would wish to convey our message of goodwill to Health Minister Dr Chitalu Chilufya who endured a protracted legal battle until he was vindicated by the court.

Despite the directive by Deputy

Inspector General of Police Bonny Kapeso to stop us from turning up at the court to show solidarity with you, we continued standing by your side as we followed your case from a distance.

In the same vein, we cannot pretend anymore the subjectivity on this newly anti-corruption crusade which has just taken off against President Edgar Lungu’s inner circle and cadres who are loyal and determined to usher him for a second term of office.

We are glad their innocence has been confirmed by the courts through the acquittals.

Not too long ago, it was Tourism Minister Ronald Chitotela, and now it was Dr Chilufya and we are told that they have a long list of persons to be humiliated with trumped up charges.

The accused ministers were all paraded before the cameras with one trial taking place in the court and another running in the press through the commentaries in the hostile media platforms which have cursed their relationship with the ruling party. They all wished the downfall of the two accused

In the same vein, we cannot pretend anymore the subjectivity on this newly anti-corruption crusade which has just taken off against President Edgar Lungu’s inner circle and cadres who are loyal and determined to usher him for a second term of office.

ministers.

We don’t know who the ACC’s next target is since President Lungu’s faithful lieutenants are now endangered species in the estimation of the self-proclaimed anti-corruption activists.

There are a number of complaints against the opposition-run businesses which siphoned hard earned resources through fraudulent insurance schemes and they have not accounted for that.

With the current affairs

prevailing at the ACC, our confidence in institution have been eroded and virtually irredeemable.

We have now been vindicated that the obsession with prosecuting the ruling class as a supplementary political project purposefully designed to cast doubts in the minds of the Zambian people and instigate resent against the government.

The glaring lack of credibility on the case prosecution were visible enough even for a person who has never attended law school. For example, how do you justify prosecuting someone whose legitimate earnings were far more than the gross value of the properties that were in his possession?

The ACC should have instead closed the case at investigation and arrested informers for submitting false information and allegations against the ministers. Where does such ineptitude leave the integrity of the criminal process?

The ACC is accountable to the people who are their paymasters through the meagre taxes we consistently pay.

We will not relent with our

pursuit for answers. How much money has the ACC wasted through this fruitless campaign to malign the government and the Presidency?

How much was wasted in logistics for the investigators to travel throughout Zambia to fish for the non-existent evidence? Not forgetting the timeline leading to the prosecution and attendances before the courts.

This on its own amounts to imprudent management of public finances by the ACC, the basic tenets it is established to defend.

With this failed persecution of the ministers, it is discernible that the ACC chiefs have lamentably failed to guard public interest which they are required to protect.

We call upon the acting Director General and other top officials to do the honuorable thing and resign from their respective positions and let more patriotic citizens take up the noble duty.

MARVIN CHANDA MBERI, Youth Rights Activist.

Lusaka.

Thursday 27 August, 2020

NORTH-WESTERN/MOSI-OA- TUNYA NEWS

OBSERVE ELECTORAL RULES - ECZ T HERE is need to adhere to the electoral code of conduct during the September 17, 2020 Lunyiwe Ward Local Government by-elections in Kabompo, the returning officer, Richard Shikwesha has said.

Mr Shikwesha said adherence to the electoral code was the only prerequisite to guarantee a successful free and fair by-election.

He said this at the Electoral Commission of Zambia (ECZ) election briefing for aspiring candidates for Lunyiwe ward by-election in Dikolonga

A CIVIC leader has appealed to the people of Mwinilunga to take advantage of the on-going mobile National Registration Card (NRC) issuance to obtain the national document.

Kakoma ward councillor, Jonathan Chinyimba, said people that had attained the age of 16 and those who could have lost or have damaged their

yesterday.

"Elections will come and go so let us all just please observe and respect the electoral code of conduct which guides us all to have a peaceful free and fair election," Mr Shikwesha said.

At the same event, ECZ trainer, Beatrice Mwala advised all the participating political parties to report all cases observed that were of criminal in nature to the Zambia Police as the ECZ only handled cases that were in its jurisdiction.

"Kindly report all cases that are criminal in nature as we cannot handle everything that is criminal in nature, that is

why we have the police," Ms Mwala said.

Meanwhile, Patriotic Front aspiring candidate, Andyson Chinyeka, said that it was time for the people of Lunyiwe to try her as a leader.

"I am the best candidate because I want to work with the ruling party. The one that resigned failed.

People here have seen me work as a volunteer worker at Dikolonga School and I believe I can deliver," Mr Chinyeka said.

The United Party for National Development (UPND) had not yet availed its aspiring candidate by press

E-learning will reach rural areas - Hamukale

time.

Speaking earlier Kabompo District Health Promotion Officer, Florence Tembo advised the stakeholders to adhere to all Covid-19 regulations by the ministry of health even as people conduct elections.

The ECZ has set September 17, this year as the election date for the Lunyiwe ward local government by-election.

The seat fell vacant after the incumbent councillor, Maybin Kambuta resigned from the UPND to join the ruling PF in June this year. - ZANIS

By ANDREW MUKOMA GOVERNMENT will ensure that rural areas are electrified to facilitate e-learning by pupils in outlying areas, Southern Province Minister Edify Hamukale has said.

The minister said the call

by District Education Board Secretaries (DEBS) in the province for electrification of rural areas was justified.

Dr Hamukale said this would ensure that the e-learning being spearheaded by the Ministry of General Education yielded positive results. He noted that pupils in most schools that had no electricity missed out on lessons being aired on radio and television adding that Government would ensure that the challenged were addressed.

Dr Hamukale was speaking in Monze during his tour of all the districts of Southern Province to assess the impact

Mwinilunga residents urged to get NRCs NRCs must not miss the opportunity to acquire the document during the exercise.

Mr Chinyimba, who is also District Town Council vice chairperson, said this in an interview in Solwezi yesterday.

He explained that an NRC was an important document as it gave people a national identity and enabled them to participate in making national decisions by way of voting during elections.

About 80,000 people have been targeted to be captured under the on-going mobile issuance of NRCs in Northwestern Province which commenced on 1st August, this year. ZANIS

DAILY

12

of Covid-19 pandemic.

During a presentation, Monze DEBS, Webster Mwiinga, informed the minister that schools in the district had not been spared from negative effects of Covid-19. Mr Mwiinga said his office had partnered with World Vision Zambia and Radio Chikuni to provide lessons to the rural learners through some radio programmes.

He added that although there was an urgent need to embrace new ways of education provision electronically, lack of electricity in most rural schools was a hindrance.

Mr Mwiinga said that all schools were adhering to health guidelines and were stocked with adequate face masks, hand sanitizers and hand washing facilities.

Meanwhile, Dr Hamukale said some senior officers had the tendency of maligning their junior officers to be promoted. He explained that the civil service needed senior officers who could speak for their juniors as opposed to suppressing them and scheming evil against them.

To make great shoes accessible to everyone

In accordance with the requirements of the Securities and Exchange Act No. 41 of 2016, To makeTo great shoes make great shoes accessible to everyone accessible to everyone

Zambia Bata Shoe Company PLC announces its unaudited Interim results for the halfPLC year endedits30th JuneInterim 2020results Zambia Zambia Bata Shoe Bata Company Shoe Company PLC announces announces its unaudited unaudited Interim results

In accordance In accordance with the with requirements the requirements of the Securities of the Securities and Exchange and Exchange Act No. 41 Act of 2016, No. 41 of 2016,

for the half for the year half ended year30th ended June 30th 2020 June 2020

ROFITSTATEMENT AND LOSS STATEMENT OF PROFIT OF PROFIT ANDAND LOSS LOSS ForFor the 2020 the HalfHalf YearYear Ended Ended 30 June 30 June 20202020 ed 30 June In Zambia In Zambia Kwacha Kwacha ‘000 ‘000 ‘000 ‘000 Turnover Turnover Cost Cost of sales of sales Gross Gross Profit Profit

2020 61,714 Profit Profit Before Before Tax Tax (35,220) Taxation Taxation 26,495 NetNet Profit Profit / (loss) / (loss) for half for half yearyear Profit Profit Attributed Attributed to : to : Equity Equity Holders Holders of the of parent the parent company company Minority Minority Interest Interest

half year

(1,771) (1,483) (3,254)

Number Number of shares of shares issued issued Basic Basic and and Diluted Diluted Earnings Earnings Per Share Per Share

STATEMENT OF FINANCIAL POSITION STATEMENT STATEMENT OF FINANCIAL OF FINANCIAL POSITION POSITION For the For period the ending period ending 30 ending JuneJune 30 2020 June2020 2020 For the period 30 In Zambia KwachaKwacha ‘000 ‘000 In Zambia ‘000 ‘000 ‘000 ‘000 In Zambia Kwacha ‘000

2020 2020 2019 2019 Assets Assets 61,71461,714 73,91673,916 Property Property ,Plant and ,Plant equipment and equipment (35,220) (35,220) (37,577) (37,577) Intangible Intangible assets assets 26,49526,495 36,33936,339 Total nonTotalcurrent non- current assets assets (1,771) (1,771) 7,645 7,645 Inventories Inventories (1,483) (1,483) (2,496)(2,496) Other Current assets assets (3,254) (3,254) 5,149 5,149Other Current Total current Total current assets assets Total assets Total assets (2,431) (2,431) 3,846 3,846 (823) (823) 1,303 1,303EquityEquity

2019 73,916 (37,577) 36,339 7,645 (2,496) 5,149

Assets Property ,Plant and equipment Intangible assets Total non- current assets

Inventories Capital Share Capital OtherShare Current assets Revaluation Revaluation reservesreserves 76,10876,108 76,10876,108 Total current assets Retained Earnings Earnings (0.0) (0.0) 0.07 0.07 Retained TotalTotal assets equity Total equity 3,846 Liabilities Liabilities 1,303 Net deffered tax Liability tax Liability 2020 2020 2019Equity 2019 Net deffered

2020

Half year Half reportyear a negative report adiluted negative earnings diluted perearnings share compared per share tocompared same period to last same year period last year due to a decline due toina gross decline profit, in gross higher profit, retailhigher occupancy retailand occupancy direct store andand direct administration store and administration costs and foreign costs and currency foreign loss currency booked loss in the booked period. in the period.

2019

Half year report a negative diluted earnings per share compare due to a decline in gross profit, higher retail occupancy and dire costswere and foreign currency loss booked in the period. half year Thistrading half year conditions trading conditions rather were difficult, rather as the difficult, world as faced theaworld globalfaced pandemic a global pandemic 202056,018This 2019 54,120 56,018

2020 2019

54,120 142 142121 56,139 54,263 54,263 36,806 41,217 78,023 132,286

761 29,223 59,991

KEY HIGHLIGHTS

KEY HIGHLIGHTS KEY HIGHLIGHTS

‘000

and was Zambia not spared. was not Thespared. government The government put in place put travel in restrictions place traveltorestrictions try and mi-to try and mi121 and Zambia nimise thenimise spread the of the spread Coronavirus of the Coronavirus from persons from to person. personsThis to person. reducedThis the footfall reducedinthe footfall in 56,139 major shopping majormalls shopping and general malls and markets. general markets.

36,806 58,625 58,625 HY1 Income HY1 Statement Income Statement Review Review 41,217 22,875 22,875 81,500 81,500 78,023 • Revenues• Revenues for Bata declined for Bata 17declined percent to 17K62mil. percent to K62mil.

137,639 137,639 132,286 • Revenues• Revenues in retail declined in retail bydeclined 30 percent by compared 30 percenttocompared last year. to last year.

• Non-Retail • Non-Retail revenue declined revenue 43declined percent due 43 percent to less export due totoless Zimbabwe export toinZimbabwe the period as in the period as result of lower resultrequirement of lower requirement from our counterparts. from our counterparts.

• Gross declined margin bydeclined 27 percent byas 27selling percent prices as selling were offset pricesby were unfavourable offset by unfavourable changes changes 761 • Gross margin 761761 currency foreignleading currency to higher leading landed to higher cost landed of goods. cost of goods.

29,223 30,325 30,325in foreign in • Selling and • Selling administration and administration costs were costs 5 percent werebelow 5 percent last year. below The last drop year. canThe be drop can be 59,991 69,756 69,756 attributed reduction attributedin reduction variable in costs variable linkedcosts to thelinked sales. to The the store sales. occupancy The store compared occupancy compared to last year to were last up year 2 percent, were up attributed 2 percent, to attributed USD dollar to rentals USD dollar affected rentals by the affected depreciaby the deprecia89,976 100,842 100,842 tion of thetion kwacha of the against kwacha the against dollar. the dollar.

• Other expenses • Otherwere expenses up 12 were percent upattributed 12 percent byattributed the exchange by the loss exchange as the kwacha loss as continues the kwacha continues to depreciate against the against US Dollar. the US Dollar.

13,239 13,239 13,239 to depreciate 13,239 13,239 13,239 HY1 Balance HY1Sheet Balance Review Sheet Review 29,071 23,558 23,558 • The Inventories • The Inventories have reduced have by reduced 37 percent bythis 37 percent is in response this is to inclearing response alltostocks clearing thatall stocks that 36,797 36,797 the company 42,310 the currently company holds currently and ensuring holds and that ensuring only stocks that only that have stocks a high that have sale out a high sale out rate are carried rate are in carried responseintoresponse decliningtobusiness declining as business seen by the as reduction seen by the in revenue. reduction in revenue.

• Cash and • Cash cash equivalents and cash equivalents were up K11mil were up from K11mil last year from duelast to year diligent duecontrol to diligent of control of 132,286 137,639 137,639 receivablesreceivables and payables. and payables.

54,120 142 54,263

56,018 121 56,139

36,806 41,217 78,023 132,286

58,625 22,875 81,500 137,639

This half year trading conditions were rather difficult, as the wor and Zambia was not spared. The government put in place trave nimise the spread of the Coronavirus from persons to person. T major shopping malls and general markets.

HY1 Income Statement Review

• Revenues for Bata declined 17 percent to K62mil.

• Revenues in retail declined by 30 percent compared to last yea • Non-Retail revenue declined 43 percent due to less export to Z 13,239 NetNet cashcash from from operating operating activities activities Total non-current Total non-current liabilities liabilities 16,20816,208 (1,411)(1,411) 13,239 result of lower requirement from our counterparts.

NetNet cashcash from from investing investing activities activities (2,369) (2,369) (634) (634) NetNet cashcash from from Financing Financing activities activities • Gross margin declined by 27 percent as selling prices were offs Share Capital 761 761 Total Current Total Current liabilities liabilities 46 46 (6,792) (6,792) 29,071 NetNet increase/decrease increase/decrease in cash in cash and cash and cash equi equi 13,88613,886 (8,837) in foreign currency leading to higher landed cost of goods. ed Revaluation reserves 76,108 76,108 (8,837) 30,325 29,223 Total Liabilities Total Liabilities 42,310 Cash Cash and and cash cash equivalents equivalents at 31 at January 31 January 2020 2020 13,823 13,823 25,167 25,167 nings Per Share Retained Earnings • Selling and administration costs were 5 percent below last (0.0) 0.07 69,756 59,991 Cash Cash andand cashcash equivalents equivalents as atas 30at June 30 June 2020 2020 Total equity Total equity and liabilities and liabilities 27,70927,709 132,286 16,33016,330 attributed reduction in variable costs linked to the sales. The s STATEMENT STATEMENT OF CHANGES OF CHANGES IN EQUITY IN EQUITY to last year were up 2 percent, attributed to USD dollar rental ASHFLOWS Total equity 100,842 89,976 Outlook ForFor the the HalfHalf YearYear Ended Ended 30th 30th JuneJune 20202020 Outlook ShareShare capital capital Revaluation Revaluation Reserve Reserve Retained Retained Earnings EarningsTotal Total tion of the kwacha against the dollar.

0 JuneIn2020 Zambia In Zambia Kwacha Kwacha Year Year ended ended 31 January 31 January 20192019 Within a global Within environment a global environment that is increasingly that is increasingly unpredictable, unpredictable, we will not bewe distracted will not in be distracted in 761 761 30,32530,325 72,218 72,218 103,304 103,304 Liabilities • the Other expenses were up 12 percent attributed byfootfall the exchange lo Profit Profit for the for year the year the secondthe halfsecond of the half year of from executing year from our executing operational our priorities; operational Increasing priorities; the Increasing footfall the (3,056) (3,056) (3,056) (3,056) Dividends Dividends to equity to equity shareholders shareholders stores, in the expense stores, control, expense product control, innovation, productagainst innovation, Cost reduction.

Cost reduction. to depreciate the US Dollar.

Net deffered tax Liability (7,611) (7,611) (7,611) (7,611)13,239 in the13,239 2020 2019 Balance Balance as atas31st at 31st December December 20192019 761 761 29,224 63,245 63,245 93,230 93,230 ing activities Total29,224 non-current liabilities 16,208 (1,411) 13,239 13,239 For and onFor behalf and of onthe behalf board. of the board.

Balance Balance as at as 1st at January 1st January 2019 2019 761 761 29,224 29,224 63,245 63,245 93,230 93,230 ng activities HY1 Balance Sheet Review (2,369) (634) Profit Profit for for halfhalf yearyear Carol Milimo Carol Mulenga Milimo Mulenga (3,254) (3,254) (3,254) (3,254) cing activities Balance Balance as atas30th at 30th JuneJune 20202020 Company Secretary Secretary Total29,224 Current 46 23,558 (6,792) 761 761 29,224 liabilities 59,991 59,991 89,976 89,97629,071 Company in cash and cash equi • The Inventories have reduced by 37 percent this is in response 13,886 (8,837) Sponsoring Sponsoring Broker: Broker: Total Liabilities 42,310 36,797 the company currently holds and ensuring that only stocks ents at 31 January 2020 13,823 25,167 rate are carried in response to declining business as seen by Securities Pangaea Securities limited limited alents as at 30 June 2020 27,709 Total equity and liabilities • Cash and cash equivalents were up K11mil from last year 137,639 16,330 132,286Pangaea Phone: +260-211-220 Phone: +260-211-220 707 / 238709 707 / 238709 receivables and payables.

HANGES IN EQUITY STATEMENT STATEMENT OF CASHFLOWS OF CASHFLOWS

For HalfHalf YearYear ended ended 30 June 30 June 2020(2,431) 2020 parentFor company In Zambian In Zambian Kwacha Kwacha (823)

89,976

DAILY

Thursday 27 August, 2020

HOME NEWS

Counterfeit notes earns man 12 months jail term

BY RABECCA BANDA

A MAN found with K8, 200 counterfeit notes has been sentenced to 12 months imprisonment.

Particulars of the offence before magistrate Nsunge Chanda were that Samson Chibalika, 38, had in his possession K8, 200 counterfeit notes between July 9 and July 26, 2019.

Chibalika denied the charge of possession of counterfeit notes and the matter went to trial.

He defended himself saying he is a businessman and went to meet a person he wanted to do business with.

He explained that he was repairing a television at home when he received a call from someone asking him to meet at a bank.

Chibalika went to meet the person and upon arrival at the meeting place, he was apprehended by police offi-

cers.

Delivering judgement, magistrate Chanda said it is a fact that there was possession of K100 fake notes.

She said at the close of the state’s case, she found Chibalika with a case to answer and put him on his defence.

Chibalika pleaded for mercy saying that if he was jailed, his wife and three children would suffer.

He said so many youths in prison are ignorant about the law and wished to be given a second chance to prove that he has truly reformed.

He apologised to the court for his actions and promised to stay away from criminal activities.

Magistrate Chanda said she had taken into consideration Chibalika's mitigation but he should value his life.

The court jailed Chibalika 12 months imprisonment from the day of his arrest.

13

LOW FOOD SUPPLY WORRIES LUNGU - MINISTER

By NATION REPORTER

T

HE Food Reserve Agency (FRA) should cast its net wide to buy more maize and replenish the low food reserves, Agriculture Minister Michael Katambo has directed.

Mr Katambo said the country's food reserves currently stood at 6, 000 metric tonnes and that there is urgent need to replenish stocks to guarantee national food security.

He said this yesterday when he paid a courtesy call on Eastern Province Permanent Secretary Veronica Mwiche at her office.

Mr Katambo said FRA should reach out to more farmers in far flung areas

who are failing to take their maize to its depots and buy grain from them.

"The President is concerned with the low national strategic food reserves and has directed my ministry to buy more maize to replenish them. I am therefore urging FRA to enhance its methods of purchasing maize from our farmers so that we meet our target of over one million metric tonnes," Mr Katambo said.

Mr Katambo urged the provincial administration to embark on massive sensitisation through radio programmes and outreach campaigns to encourage farmers sell their maize to FRA. "I want to encourage farmers to sell their maize to FRA because it is giving

cash and that their measuring scales are not tampered with. This grain is for everyone including the same farmers who sell their maize because they run to government when there is drought or other natural calamities," he said.

Later, Mr Katambo toured fertiliser depots around Chipata and expressed gratitude at the early distribution of farm inputs.

And Ms Mwiche said the province has so far bought 24, 000 metric tonnes of maize out of total target of 200, 000 metric tonnes.

She said the purchase of maize from farmers is low due to transport challenges some farmers in remote areas are facing to take their maize to the market.

"We have so far started engaging traditional leaders so that they can convince farmers to sell their maize to FRA as opposed to brief case buyers, we are also reaching put to them so that we lessen their cost of transport to the selling depots," Ms Mwiche said.

She also expressed happiness at the early delivery of farm inputs in the province.

Meanwhile Neria's Investments has completed delivering fertiliser to all its depots in the province.

Company General Manager Martin Chaikatisha said the firm has added an extra 10, 000 metric tonnes on top of its target of 63, 000 metric tonnes in case of eventualities.

ZCF bemoans mushrooming cooperatives …….As it encourages youths to use their fund on existing businesses

By KETRA KALUNGA

ZAMBIA Cooperative Federation (ZCF) says it's concerned with the mushrooming of cooperatives that are being formed because they have been told to do so without proper guidance.

ZCF director general, James Chirwa said for a cooperative to succeed it should stem from self-motivation and not a foretold arrangement.

Mr. Chirwa said a coorperative should be formed with the aim of engaging in business that would address the challenges faced by the community.

Speaking on ZNBC Mr. Chirwa said when people create a cooperative because they have been told so, there

is a 99 percent likelihood of failure because the basis for its formation is not well-founded.

“What is worrying us from the ZCF point of view is the mushrooming of cooperatives that are being formed because someone has told them to do so, the formation of cooperatives is self-motivated and not a foretold arrangement. You have to see the need to form it,” he said.

He advised that the only way to utilise the youth empowerment released by the government is to continue with the already established businesses and not new ones.

Mr. Chirwa said by doing so, the youth empowerment fund would be a success as the youth would be able to

upgrade their businesses into formal businesses that would create employment and grow the economy.

He warned that setting up new businesses using the fund has a high rate of failure hence the need to focus on the businesses that are already established.

“When we talk about the fund like the one they have created, the only best way to do it is to focus on people are already doing something, let's not start to do new things, encourage people to do what they are doing already but do it in a group,” he said.

Mr. Chirwa has urged all those interested to form cooperatives to engage the ZCF to provide mentorship and capacity building.

Court adjourns trial of man who chopped off wife's finger

By JOHN KOMBE

THE case of a 29-year-old man of Nkhomesha Village in Chongwe who cut off his wife's forefinger has been adjourned to September 10.

George Milingo is alleged to have cut hia wife’s finger after accusing her of adultery. He appeared before magistrate Majory Saasa in the Chongwe magistrate court.

Milingo was appearing for trial in a case he is ac-

cused of assault occasioning actual bodily harm contrary to Section 248 of the penal code Chapter 87 of the laws of Zambia.

However the matter could not take off as the trial court was not sitting.

Facts of the matter are that Milingo cut the forefinger of his 22-year-old wife, Olien Tiki, using a caving tool (locally known as mbaso).

The court heard that the duo promised not to commit adultery and agreed

that whoever was found guilty would have a finger chopped off.

Milingo earlier told the court that the two families had reached an agreement to withdraw the case. The court however refused to grant the application and ruled that the accused was not the right person to make the application.

The matter was adjourned to September 10, 2020 for continued trial while the accused is remanded in custody.

Neria's investment General Manager Martin Chaikatisha in white shirt confers with Agriculture Minister Michael Katambo yesterday, this was when duo toured fertiliser storage sheds in Chipata. Picture by MIKE MUGALA

Atlas Mara posts K14.3m profit

BY BUUMBA CHIMBULU

ATLAS Mara group is poised to leverage on its digital offering to drive robust deposit and transactional growth, as it records positive results for the year ended June 30, 2020.

The group compriss the bank, “African Banking Corporation Zambia Limited” and its subsidiaries: ABC Investment Services Limited and Micro Finance Zambia Limited.

Company Secretary, Sandra Malupande, said the group was leveraging on

technology to ensure continued robust growth.

Ms Malupande said it was because of the enhancement of the digital platform that the group reported a profit after tax of K14.3 million as at June 30, 2020 compared to K5.6 million the corresponding period last year.

She indicated that the financial performance of the Group had continued to improve year on year with the group and bank recording profit after tax of K14.3m for the half year ended June 2020.

Ms Malupande said this in the unaudited financial results posted on Lusaka Securities Exchange (LuSE).

"During the same period, the group recorded operating income of K396.4m compared to K331.4m posted in prior year representing a growth of 16 percent.

"The bank also recorded operating income of K342.6m in the first half of the year compared to K283.8m in the corresponding period last year, representing a growth of 21 percent," she said.

Thursday 27 August, 2020

NEWS OF THE WORLD

FRIGHTENING CORRUPTION ...Graft has reached alarming levels, says presidential advisor

H

ARARE P r e s i d e n t E m m e r s o n Mnangagwa's co-advisers Trevor Ncube has described corruption in government corridors of having reached "frightening" levels.

Ncube, who is a member of Mnangagwa's Presidential Advisory Council (PAC) was speaking in an interview with South African broadcaster e.tv's Checkpoint on Tuesday night over the continued incarceration of journalist Hopewell Chin'ono.

The journalist was denied bail for the third time on Monday. He is facing charges of inciting public violence and has been in remand prison for over a month.

"I must say that the level of corruption under Emmerson Mnangagwa has just been frightening; it is like a free for all," Ncube also a media mogul

said.

"You asked what they are afraid of, they are afraid that you are going to disturb their eating, that is the thing. There is a lot to eat as you have seen if you have been following Hopewell's tweets and a lot of other tweets, the Covid-19 corruption like we have seen in South Africa, Kenya, and everywhere else, we have had our own bout of Covid-19

corruption.

"It does not matter how little there is, for them those who are close to the feeding trough, close to the till 'please do not disturb us we are feeding,' that is what this is all about," Ncube said.

Ncube told Checkpoint that the manner in which Chin'ono was being treated as deliberate because the senior ruling Zanu PF party officials

knew they have failed, but were conveniently choosing to target the messenger instead of the message.

Added Ncube: "The government knows people are unhappy. The (ruling) party knows the people are unhappy, instead of attending to the problems the people are raising, we shoot the messenger, that is not how it is supposed to be." - ALL AFRICA.

Campaigning begins for Tanzanian elections DAR ES SALAAM - Campaigning started in Tanzania yesterday ahead of a general election due at the end of October.

President John Magufuli, who is seeking re-election, faces 14 challengers.

A united opposition during the last election gave the party the strongest challenge yet. But the crowded race this time could give the president greater advantage. – BBC.

weekend, he addressed supporters declaring, "I told you that Félix (Tshisekedi) is a puppet and that it is another person who is in power. Isn't that what we see today?"

Fayulu claimed he won the 2018 presidential election but accuses the electoral commission of working to deny him the victory.

He says he wrote to the African Union last February

continued vigilance over the still-existing threat posed by polio vaccine-derived outbreaks in more than a dozen countries.

"This is one of the greatest

Malawi activists want MPs to use vernacular

LILONGWE - A civil society group in Malawi wants MPs to be allowed to debate in their vernacular in parliament. The Malawi constitution requires one to be able to speak fluent English to qualify to run for MP. The Centre for Democracy and Economic Development Initiatives says the legislators would better express themselves in vernacular than in English. – BBC.

BRAZZAVILLE - Congo Republic jailed a notorious poacher for 30 years for ivory trafficking and the attempted murder of park rangers, a conservation group said, hailing the case as a milestone in the fight to hold wildlife criminals to account.

The trial and sentencing of Mobanza Mobembo Gerard last week marked the first criminal conviction of a wildlife trafficker in Congo Republic. Previously, environmental crimes were tried in civil courts and incurred a maximum sentence of five years. – REUTERS.

to propose two solutions to end the crisis in the DRC one being that the continental body oversees a vote recount in Kinshasa.

The second proposal was to have a repeat election, which must come earlier than the planned 2023, but after adequate reforms in the electoral regime and the electoral commission. - ALL AFRICA.

achievements in public health history," WHO chief Tedros Adhanom Ghebreyesus cowrote in an opinion piece published in Al Jazeera.

"Delivering polio vaccines

of La Francophonie has suspended Mali from its membership, the latest body to take action following last week’s overthrow of Ibrahim Boubacar Keïta’s government by the military.

The decision, by the body that represents countries where people speak French, comes days after the regional bloc, the Economic Community of West African States (Ecowas) - which also suspended Mali from its membership - held unsuccessful talks with the military junta over a return to democratic rule.

– BBC.

Congo elephant poacher jailed for 30 years

Gaza in lockdown after first Covid-19 cases found

GAZA STRIP - A full lockdown has been imposed on the besieged Gaza Strip after authorities confirmed the first coronavirus cases spread through the community, raising fears of a potentially devastating outbreak in the impoverished Palestinian territory.

Until now, all the cases reported in the coastal enclave, home to two million Palestinians, were linked to quarantine facilities for residents returning from abroad. – ALJAZEERA.

Africa now free from wild polio virus

ADDIS ABABA - Health authorities have declared Africa free of the wild polio virus after decades of efforts, a major step in the campaign to eradicate the crippling viral disease worldwide.

Tuesday's historic announcement by the African Regional Certification Commission for Polio Eradication during a World Health Organisation (WHO) event came four years after the continent's last case was reported in northern Nigeria.

The commission, an independent body, confirmed that all 47 countries in the WHO's Africa region have eradicated the disease that attacks the nervous system and can cause irreversible paralysis within hours.

The news was hailed by health experts, who also urged

BRIEFS

Mali faces more isolation over coup BAMAKO - The International Organisation

DR Congo’s opposition leader returns to push for early polls KINSHASA - DR Congo's opposition leader Martin Fayulu has returned to the country, after six months in Europe and the United States, to demand for an early election in the country.

Fayulu ran for the 2018 Presidential election on the Lamuka Coalition ticket.

Moments after he touched down in Kinshasa at the

DAILY

14

to every child in the African region and wiping out the wild virus is no small feat, and the human resources, skills and experience gained in the process leave behind a legacy in how to tackle diseases and reach the poorest and most marginalised communities with lifesaving services," Tedros and Holger Knaack, president of Rotary International, wrote.

Meanwhile, the authorities in the Democratic Republic of Congo say the world's largest measles outbreak that killed more than 7, 000 children has now ended.

At a press conference in the capital, Kinshasa, Health Minister, Eteni Longondo, said measles no longer existed in the country and that a formal declaration about the end of the epidemic "will be made soon." - ALJAZEERA/BBC.

Melania Trump offers sympathy on Covid-19, racism in convention speech WASHINGTON - First lady Melania Trump offered sympathy for victims of the coronavirus pandemic and a plea for racial understanding in a Republican convention speech on Tuesday aimed directly at the women voters who have abandoned U.S. President Donald Trump.

On the convention’s second day, the speech’s warm tone was out of step with a Republican gathering that featured harsh rhetoric about Democratic challenger Joe Biden and sometimes apocalyptic warnings about the dangers of Democratic governance. Trump’s wife

admitted the pain of the pandemic in sharp contrast to most other speakers at the party’s national convention, notably her husband, assailed

by Democrats for his lack of solace during a U.S. health crisis that has killed more than 178, 000 people. With opinion polls showing Trump shedding support among collegeeducated women turned off by his combative style, Melania Trump and other women featured on Tuesday appeared to be trying to sway the critical voting bloc ahead of the November 3 presidential election.

The first lady reflected on the racial unrest that has swept the country in the months since the death in May of a Black man, George Floyd, under the knee of a white policeman in Minnesota.

Protests flared anew this week after a Black man was shot and left paralysed by police in Wisconsin. – REUTERS.

NATIONWIDE ESTATE AGENTS

REPUBLIC OF ZAMBIA

MUCHINGA PROVINCE

PUBLIC AUCTION SALES OF

MOTOR VEHICLES, PLANT AND EQUIPMENT AND GENERAL STORES ITEMS AUCTION SITE

AUCTION DATE & TIME

1. CHAMA 2. NAKONDE 3. MAFINGA 4. ISOKA 5. LAVUSHIMANDA/CHILONGA 6. MPIKA 7. SHIWANG’ANDU 8. CHINSALI 9. CHINSALI 10. CHINSALI

Saturday, 5th September 2020 @ 9hrs Monday, 7th September 2020 @ 9hrs Tuesday, 8th September 2020 @ 9hrs Wednesday, 9th September 2020 @ 9hrs Thursday, 10th September 2020 @ 9hrs Friday, 11th September 2020 @ 9hrs Saturday, 12th September 2020 @ 9hrs Monday, 14th September 2020 @ 9hrs Tuesday, 15th September 2020 @ 9hrs Wednesday 16th September 2020 @ 9hrs

For Details Contact:

E CAR FOR HIRE

CARS FOR RENT. IPSUM, COROLLA, NOAH K750 weekly, k2800 monthly. Contact: KATANTUMU- KA.J. CAR HIRE Plot 1422 Los Angeles Road Kayama – Lusa- ka. Cell: 0972-209090 / 0968- 639128 / 0953-998386 INV7955-20-20

NON-REFUNDABLE FEES FOR AUCTION BID FORMS: - K300.00 per Motor Vehicle - K150.00 per Motor Bike, and - K100.00 for Stores Items

REFUNDABLE DEPOSITS

-MOTOR VEHICLES - K5,000.00 -MOTOR CYCLES & OTHER ITEMS - K500.00

Terms & Conditions Apply

RDF AUCTIONEERS LIMITED 0966 220859, 0977 771788 or 0977 744147

E ACCOMMODATION ACCOMMODATION OFFERED WATERFALLS-BEHIND HYBRID FARM GREAT EAST ROAD, SELF-CONTAINED 2 BEDROOMED FLAT FOR RENT. CALL: 0978 449195/0977 876346 R9483-03-28 ..................................................

CHILANGA MOUNT MAKULU PLOTS FOR SALE

50 x 50 K90,000 70 x 50 K190,000 20 x 20 K45,000 30 x 50 K65,000 CALL: 0957 599420 NO AGENTS R9484-03-28

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JAPANESE PARTS CO. LTD Quality Japanese Used Parts

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LUSAKA Plot No 7418/K Vubu Road, Emmasdale BRANCH OFFICES

DAILY

Thursday 27 August, 2020

15

• • • •

KABWE: H No. 9, Godetia Street, Luangwa, near Gold Club NDOLA: H. No 54, Kwacha Road MAZABUKA: Plot No. 476, Opp Gold Club, Lusaka Road CHOMA: Plot No. 1199/2 Lusaka Livingstone Road, opp.

Choma Municipal Council • CHALALA & MUMBWA

+260 965 000729 +260 973 593651

+260 954 638996

R5997-30-31

EMAIL: uniteddrillingzambia@gmail.com

E-mail:nationwideestates@yahoo.com P.O.Box FW 292, Lusaka,Zambia.

139 Group Floor, Carousel Center, Lumumba Kafue Road. Junction, mobile phone +260978813886/+260965502464/+260979439871.

CHISAMBA Katuba 2ha 300m off Great North road K300,000.6ha,piggery 6km off great north road K400,000.3ha cottage, borehole, wirefence, zesco power K1m.2ha to 40ha 12km east of fringilla K65,000 per ha.

CHIBOMBO near Ibis Gardens tarred Great North roadfront,2ha,4ha,8ha,10ha,12ha K250,000 per ha. Same area 300 to 600m off Great North road,2ha,4ha, K125,000 per ha.2.5ha,3 bedroom house, poultry, near Chibombo Basic School K300,000.Liteta area 8ha K900,000.23ha near Mungule Place K1.5m.

MUMBWA Tollgate 78ha K1.5m.40ha In Mumbwa town K50,000 per ha can Sub-divide.

CHIBOMBO Near Ibis Gardens 4 bedroom house on 4ha 300m off great north road with poultry K2m.55ha K750,000.

SERENJE Nansanga farm block 118ha K750,000.16ha price offers invited.32ha K150,000.80ha K500,000.230ha K850,000.265ha K2m.105ha.18ha offers.

MKUSHI 3km from town 160ha K1.2m.35ha K1.3m.390ha K1m.Shiwang’andu 200ha K1m.

KABWE 6ha 2km off Lusaka K225,000.45ha 3 bedroom cottage, borehole, Zesco 3-phase power,20km from Kabwe cbd 500m off Great North Lusaka road K5.5m.

KAPIRI town ten shops as a complex K250,000.Kapiri Hillside plot 20m x 40m with five room house K150,000.

COPPERBELT NDOLA Northrise 5 bedroom house K1.5m.Mitengo 3 bedroom house K300,000.

LUFWANYAMA Emerald mines seeking partners, investors, sponsors or financiers.

EASTERN CHIPATA City Kalongwezi 3 bedroom house K650,000.4 acres Great east Msekela road junction K1m.

LUSAKA KALUNDU Lusaka west 2km off mumbwa road several plots,20m x 30m K35,000.30m x 30m K45,000.40m x 50m K60,000.50m x80m K80,000.

MUNGWI Road, Lusaka west near Appolo several plots, one acre tar roadfront commercial K400,000.2Bedroom house on 4 acres K3m.several plots 50m x 80m K130,000.40m x 50m K80,000.

MAKENI off Mumbwa road one acre K180,000.Makeni West Kacheta area,2ha to 80ha K100,000 per ha. Before Oriental 4900sqm 3 room house K1.3m.makeni south tar road front commercial plot for shopping mall and filling station or warehouses 4 acres K6m.

MAKENI Great North roadfront. Makeni West Kacheta 11 acres K400,000.

KAFUE estates plots, 20m x 30m K35,000.Shikoswe 20m x 30m K40,000.

Mpande area one acre to 3 acres K60,000 per acre. Hillside 50m x 100m K100,000. Chikupi 50m x 50m K60,000.

59m x 100m K80,000. Greenfields 30m x 87m K120,000.Town 40m x 40m K100,000.Kafue Lusaka road near Avic 30m x 40m K40,000.

MIKANGO Mwanawasa Settlement, several pieces 2ha to 3ha K125,000 per ha.

Five hectares 300m off Leopards Hill road opposite Barracks entrance commercial K2m.Nkwashi 2ha K1m.Plot 2500sqm K80,000.

PALABANA Lusaka East, Chalimbana river damfront 40ha to 300ha K200,000 per ha. Away from dam 600ha K150,000 per ha. Also same area 2ha 80ha K90,000 per ha.

KANAKANTAPA ,Chongwe, 22 acres, 3 bedroom house 3 fish ponds, poultry facility 2500birds capacity K3m.6ha K250,000.

WATERFALLS, Silverest area 1km off great east road several plots,30m x 30m K150,000.30m x 44m, 30m x 47m, 33m x 60m,K250,000 each.

Same area, buildings can be residential or offices K1.5m.

CHINIKA GARDEN house area, warehouse near SGS Filling Station plot sizes 3 acres built space 20m x 60m.U$D740,000 warehouse 4,738sqm K6m.House 6 rooms plus Mumbwa roadfront K850,000.

NDEKE Meanwood, 3 bedroom house K580,000,3 bedroom house,2x 1 bedroom houses small shop wallfenced K1.5m.

MAKENI off Kafue road , motor vehicle workshops on 2.5 acres and 2 acres adjacent, big truck and bus parking space, service pits, storerooms U$D 1.8m.

MAKENI East commercial plot 6,603sqm K700,000.3 bedroom executive house, ceramics K3m.

SHIBUYUNJI MWEMBESHI Bridge 75 acres K1m.300 acre K3m.

CHILENJE South 2x2 bedroom house houses one plot K850,000 2 bedroom house K500,000.

KAFUE Roadfront opposite Embassy Mall 2 acres, office block, big space for further construction K38m.

CAIRO road Kafue roundabout Commercial plot 3100sqm K36m BARLASTONE PARK ,Lusaka west 8 acres with 5 bedroom house, 4 and 2

bedrooms, workshop, storeroom ,2 boreholes,2 water tanks,Orchard,K10m.

CHIPATA Compound 3 bedroom house K200,000.2 bedrooms K250,000.Chunga Extension 3 bedrooms K400,000.

CHILANGA Shimabala, Safari Ranch 26 acres,6km off Lusaka Kafue Great North road,40km from Lusaka cbd four chalets, solar power, dinning room, kitchen, braistand, two offices, fish pond, two boreholes, some zebras, puku, peacock K2m.

Good for weekend and holiday camping.

FAIRVIEW near Levy Park, complex comprising several shops, warehouses , storeroom ,offices, showrooms, U$D4m.

KATUBA 6.5ha K400,000.15 acres K15acres K350,000.3.8ha K260,000.73ha 11km off Great North road K2m. 2.5ha(7 acres 2 bedroom house, piggery, borehole hand pump power generator K1.3m.

KAFUE Greenfields plot 30m x 87m K50,000.Shikoswe Turn off 3 big shops,K500,000.Chirundu roadfront 0.394 acres fenced U$D 380,000.Kafue Gorge road 18ha K1m.Mungu 200 acres K35,000 per acre.

BARLASTONE PARK 2 acres K300,000 or one acre K150,000.

STATE LODGE area plot 50m x 50m K400,000. 4 bedroom house K2m.

K A N A K A N TA PA , C h o n g w e , 4 . 3 h a K250,000.

LEOPARDS HILL road Palabana turn off 770sqm K100,000.

CHILANGA Opposite Chilanga Cement,3 bedroom house 1km off kafue road double storey K3M. SHIMABALA 7ha K1.7m. Lusaka westwood 100 acres K3m. Quarry Road 20 acres K2m.Barmoral 7 acres K1.3m.

Mwembeshi 50 acres K15,000 per acre.

Barm0ral plot 30m x 40m K75,000.

RUFUNSA 12 acres on offer letter 2km off Great east road K100,000.

PALABANA University 12 acres(5ha) K200,000.

KAMWALA Trading area, double storey building with ground floor shops plus offices or hostel rooms with kitchen upstairs K18m.Shop K1m in Kamwala.

LUANGWA River 17ha for lodge near game park K350,000.

CHALALA 2x3 bedroom houses K875,000.

CHIPATA Compound complex one small shop, two bars, one tavern,storeroom,3 bedroom house, three flats, 6x2 bedroom houses.7 x 1 bedroom house houses, shelter and car park K1.3m NDEKE Meanwood plot 18m x 22m K170,00.Chamba Valley plot 20m x 30 K180,000. Kanyama flats 4x2 bedroom K160,000.

CHILANGA house double storey near Golf club, plot size 80m x 80m K2m.Mt Makulu area 1.5 acres K400,000.1.4 acres K650,000.Musamba premises for school or shops nine rooms plus five toilets K2m.

KAFUE Kasaka area 4ha(ten acres) price to be discussed. Mungu 50 acres K35,000 per acre.

LUSAKA City Center,Cha Cha Cha road large shop/warehouse U$D800,000.Off kafue road Warehouse 4274sqm.200m off kafue road near Carousel. Price to be discussed.

MUNGWI road, Barlastone Park Lusaka west warehouse and shops K600,000.

Plots 25m x 40m K80,000.

LEOPARDS Hill road off tarmac two kilometers 2.8ha(7 acres) K450,000.

CHAWAMA Shopping Complex available for sale comprising: Sizes 326sqm K12,000.135sqm K7,000.45sqm.44sqm.1700sqm K160, 000.140,138sqm.207sqm.427sqm,44o sqm.346sqm LUSAKA Kafue Great North roadfront, Makeni near Makeni Mall, complex comprising:8x3 bedroom double storey flats(mansionnettes),Shop 75sqm,restaurant/bar with upstairs extension 170sqm,second floor office space on top of restaurant 170sqm,upstairs church hall 600sqm,showroom,events hall for weddings ,meetings, workshops, conferences 1,800sqm.Warehouse at rear 719sqm.

Price U$D14m or Kwacha equivalent.

CENTRAL CHIBOMBO 3 bedroom house in Shifwankulu- Spin along Great North road K350,000.20 acres 13km off Great North road on Old Mumbwa road K800,000(Liteta).

KAPIRI 2.7ha 30m of Great North road K120,000 44ha 7km off Ndola road K200,000.on offer Letter.199ha K750,000.30km from Kapiri Hospital.22ha 20km off Ndola road K100,000.22ha CHISAMBA opposite golden valley 250 acres K40,000 per acre. Kamaila area 4ha(10 acres)K200,000.

COPPERBELT MASAITI 150ha K2000 per ha.100ha K850,000.

LUFWANYAMA 10ha(25 acres) K90,000.

MPONGWE MACHIY area 800ha K2.5m.

CHINGOLA Maiteneke 2 bedroom house K90,000.

KITWE Bulangililo house 7 rooms K150,000.

KAOMA near tbz farms 178ha K2m.

SOUTHERN

Bridge plot for lodge near border 1750sqm K100,000.

Monze town center on Livingstone road, complex of eight shops K8M.Choma old Machapopota road plot 40mx 90m K85,000. Mazabuka Lodge 13room K2m.

KARIBA LAKE waterfront 4ha(10 acres) with 3 bedroom lodge U$D600,000.3 acres overlooking Lake Kariba Plot for Lodge K300,000.

CHIPEPO Lower Zambezi river waterfront fishing business or tourist lodge comprising 3 bedroom lodge on 7 acres, on Monze Chisekesi road,6 fishing riggs,two speed boadts,U$D800,000.

MUCHINGA MPIKA town plot 50m x 50m with 2 rooms K180,00.Farm 2700ha K3,00 per ha.

SERENJE Nansanga block 2000ha K75m.

CHINSALI 5000ha K35m.

NORTHERN: SENGA HILL 12ha (30 acres) on Mbala Kasama road with house 6 rooms, six boreholes,warehouse,shop,grocery,80km from Mbaka 85km from Kasama K1.2m.Chama Matumbo roadfront 1.5ha K175,000 KASAMA 10,000ha K70m.

ACCOMMODATION OFFERED LUSAKA KABULONGA off Brentwood Drive 6x4 bedroom houses double storey, masters self-contained K36,000 each per month.

MAKENI near Kankole house 3 bedrooms K35000.4 bedrooms K7,000. Makeni Konga houses and warehouses rent ranging K5000 to K8,000.

MAKENI opposite Andres Motel 500m off kafue road 3 bedroom house K18,000 per month.

BARLASTONE PARK off Mungwi road,flats,6x2 bedroom K4,500.4x1 bedroom K3,200, CHALALA off Lilayi road 4x2 bedrooms K2,500.

COPPERBELT KALULUSHI Napsa Complex 3 bedroom hose K4,000.

REAL ESTATE TO LET MAKENI Konga warehouses and storerooms ranging K6,000 to K8,000.

MAKENI Kafue road,150m off Great North road light and heavy vehicles workshops with offices, storeroom, service pits and big parking yard K75,00 per month.

CHAWAMA near Chawama market , several shops available for short or long lease sizes 326sqm K12,000.135sqm K7,000.45sqm.44sqm.1700sqm K160, 000.140,138sqm.207sqm.427sqm,44o sqm.346sqm Carousel shopping center, several shops on the ground, first, second and third floors including events halls ,furnished with kitchens for self catering can be hired for weddings, workshops, seminars, meetings, conference etc. various sizes and amounts.

LODGE, GUESTHOUSE , OFFICE Complex along Independence Avenue Rhodes Park near Civic Center details on request and rental open to discussion.

MAKENI Los Angeles Road, HOTEL 91 rooms, 4 offices, one bar, 3 bars, 3 conference halls, big swimming pool, baby pool, two car parks, twelve shops,3km from Cairo road post office.

Long lease rent to be discussed.

LUSAKA Kafue Great North roadfront, Makeni near Makeni Mall, complex comprising:8x3 bedroom double storey flats(mansionnettes),Shop 75sqm,restaurant/bar with upstairs extension 170sqm,second floor office space on top of restaurant 170sqm,upstairs church hall 600sqm,showroom,events hall for weddings ,meetings, workshops, conferences 1,800sqm.Warehouse at rear 719sqm.

BUSINESS AND INVESTMENT CONTAINERS-old steel containers in Makeni South K35,000.Scrap metals also available from a road constructors yard.

Mining, copper, cobalt, gold, emerald, beryl, aquamarine, to maline, amethyst, garnet-existing registered and liceneced mines are looking for partners, sponsors, investors, financiers or outright purchasers.

AGRICULTURE- Vast agricultural farming lands available for partnerships or joint ventures.

We invite persons, companies, organizations, local or international to enter into any agreements where locals can make land available and foreign or local investors provide capital then market produce locally and abroad-crops, livestock ,game ranching or fisheries.

REAL ESTATE AND ACCOMMODATION WANTED Landlords or property owners in all areas of Zambia and Africa Free Trade Countries are invited to list with us for marketing, selling ,leasing and renting: houses, flats ,shops, warehouses, factories, hotels, motels, lodges, tourist facilities, mines, plots farms, office building, highrise buildings, filling stations, companies, businesses, bars, restaurants, butcheries, shopping malls, blocks of flats, housing estates.

If you have idle land, we can sell for you either as a whole or by sub-dividing into sub-divisions or plots. Send us your e-mail address so that we send you our blank standard mandate forms which you can fill to give us required details.

Daily

Thursday August 27, 2020 www.dailynation.info

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‘GREAT TEST’ …Daka revels in his brace against Liverpool

By MICHAEL MIYOBA CHIPOLOPOLO striker Patson Daka has described the Red Bull Salzburgs’s game against Liverpool in which he scored a brace, as a great test ahead of the Austrian Bundas Liga set to kick off on September 18.

Daka was in blistering form as he scored a first half brace in Red Bull Salzburg’s 2-2 stalemate against EPL Champions Liverpool FC in Tuesday’s friendly fixture at the Red Bull Arena.

In a post-match interview after the 2-2 stalemate, Daka who expressed delight for having scored a brace described the fixture as a great game which presented Salzburg a lot of lessons.

“It was a great game, we played very well according to the tactics and the result was a fair result because

both sides showed they are putting in 100 percent work and it was a very good test for both side because Liverpool came expecting a very good game and we also expected a good game from them and we both gave the recommended intensity of the game,” Daka said Daka broke the deadlock within three minutes of kick off, burying the ball past Liverpool’s Alisson Becker with a cool finish.

It took him just 10 minutes to complete his brace on 13th minute after the Reds were carved open down the right.

The former Nchanga Rangers and Power Dynamos striker slid across low from the left and managed to find the corner of the net via a deflection from Alisson who couldn’t quite get enough on it before substitute Rhian Brewster scored a second half brace to rescue the English Champions from losing.

Meanwhile, Daka’s countrymate Enock Mwepu who was a marvel to watch as Salzburg played his favourite club said; “Playing against Liverpool FC will forever be one of the greatest feelings in the world.”

“We knew the game would be intense and we were ready for it. It was a great game. Thank you to the fans that came out to support us,” Said the former NAPSA Stars player whose dream is to one day feature for the EPL champions. And Salzburg coach Jesse Marsch hailed his players for putting up a spirited fight against Liverpool who were trailing 2-0 at half time thanks to Daka’s first half brace. Marsch said the game was an eye opener for the Austrian champions on where the team needs to improve going into the 2020/2021 soccer season.

Messi bombshell

SIS-TIME Ballon d'Or winner Lionel Messi has told Barcelona he wants to leave in a "bombshell" fax that is expected to spark a legal battle over a buy-out clause worth hundreds of millions of dollars and a fight from top European clubs eager to sign up the Argentinian.

Signalling the end of an era at Barcelona, where Messi is the record scorer and has won four Champions League ti-

tles, the disgruntled Argentine wants to terminate his contract "unilaterally" by triggering a release clause, a source told AFP. Relations have plummeted this year and speculation swirled about Messi's departure after this month's humiliating 8-2 Champions League quarterfinal defeat to Bayern Munich, which left Barca without a trophy for the first time since 2007. – SuperSport.