DAILY NATION Wednesday October 7, 2020

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OIL FIRM RAIDED C3765-30-31

DAILY

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PURSUING JUSTICE AND EQUITY WITH INTEGRITY

...in another mukula scam

IMF EXTENDS HELP Vol. 6. Issue 2729

Price K10

Kasama MP warns UPND chief Mr. Sampa

Mr. Mucheleka

Wednesday October 7, 2020

Zambia to benefit from access financingorlimits …apologise else, Mucheleka told Washington DC. In addition, the Executive Board has approved the extension of increased access limits for Rapid Credit Facility (RCF), available only to low income countries [Page eligible for concessional financing. IMF stated that the Executive Board had approved a six-month extension of the temporary increase in access limits under the emergency financing instrument through to April 6, 2021, following the persistent impact of COVID-19 pandemic. (To page 3)

By BUUMBA CHIMBULU

THE International Monetary Fund (IMF) has approved the extension of increased access limits under the Rapid Financing Instrument (RFI), available to all member countries including Zambia. Member countries can access the facility to urgently address their balance of payment needs arising from persistent related economic disruptions. This is according to a statement issued by the IMF communication department in

Nchitos abandon directors in Ultimate Insurance Case

Govt warns investors against displacing Zambians

STORY ON PAGE 2

STORY ON PAGE 4

The two trucks the Scania from South Africa and the Freightliner (right), Zimbabwean registered where found laden with Mukula tree logs. [Pictures Linda Tembo Soko]

23 truckloads See story on Page 4 of maize impounded By BUUMBA CHIMBULU SOUTHERN Provincehas for the first time recorded a smuggling syndicate involving 23 trucks carrying maize worth K2.5 million which were destined for Zimbabwe. 23 trucks were Mr.The Lusambo impounded by the Zambia Revenue Authority (ZRA), Zambia National Service (ZNS) and Zambia Police on Monday this week. Out of the 23 trucks, 21 were carrying maize while two were carrying mealie meal.

IMF talks on again

Demolish structures • Mwanakatwe reveals contributing to floods - Lusambo talks set for April P.4 See story on Page 3 TO PAGE 4

From left to right: ZRA Corporate Communications Manager Topsy Sikalinda, ZNS Chief of Operations, BrigadierGeneral Lawrence Katongo, ZRA Commissioner Customs Sydney Chibbabbuka and Zambia Police Paramilitary Commanding Officer, Yobe Luhana.

4]

MPUNDU’S HATRED WORRIES PF By SIMON MUNTEMBA THE PF is concerned with the level of hatred and divisive politics Archbishop Mpundu has continued to show against the ruling party and President Edgar Lungu, Lusaka Province secretary, Kennedy Kamba has said.

Kenyatta and Odinga pledge to heal divisions ‘Shore up’ BoZ, Lungu Commonwealth tasks new Governor sidelines ZCID on dialogue preps TO PAGE 3

See story on Page 19

By SIMON MUNTEMBA

PRESIDENT Edgar Lungu has tasked new Bank of Zambia (BoZ) Governor, Christopher Mvunga, to ensure there is closer coordination between fiscal and monetary policy to consolidate existing measures aimed at addressing the economic challenges. See story on Page 4 President Lungu urged Mr Mvunga to apply his expertise to formulate policydriven solutions to address macroeconomic challenges the country was faced with. He implored Mr Mvunga to also ensure a win-win situation for all players in the financial sector and the economy at large.

ConCourt must explain Chilanga vacancy - YALI

See story on Page TO PAGE23

THE PEOPLE’S PAPER; BUILDING THE NATION WITH REAL ISSUES


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