Friday, December 9, 2011

Zambia finance minister u-turn on the fake kwacha circulation


Zambia’s minister of finance and national planning ALEXANDER BWALYA CHIKWANDA has revealed that the mmd government awarded a German company Giesecke and Devrient (G and D) the contract to print both paper and polymer bank notes for the 2010 – 2012 period, after  a tender was floated using limited bidding method and 12 companies submitted bids.
This is however contrary to the statement from the patriotic front leader Michael Sata who accused the former ruling party mmd of printing fake money which he said was in circulation.
But Dr Chikwanda told parliament that the contract sum was Euro 16, 779,411.00; out of this amount the Bank of Zambia has paid Euro 12,450,709.81 for the quantities received for 2010 and 2011 and the balance, stands at Euro 4,328,701.00.
He added that the total quantity of banknotes delivered so far into the country is 212 million pieces while the balance of 116 million pieces will be delivered in 2012.
The Bank of Zambia as mandated by the Bank of Zambia Act No. 43 of 1996 Cap 360 of
the laws of Zambia is the only issuer of Zambian Currency. The practice in recent times has
been to procure currency notes for three year periods, principally for cost considerations.
Mr. Speaker, for the 2010 – 2012 period, a tender was floated using limited bidding method
and 12 companies submitted bids. After tender evaluation, a German company Giesecke
and Devrient (G and D) was awarded the contract to print both paper and polymer bank
notes.
The finance minister emphasized the need for the Bank of Zambia to conform to the public procurement procedures in accordance with the Public Procurement
Act No. 12 of 2008.
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Thursday, December 8, 2011

2009 auditor general report out

The Auditor General’s report for the year 2009 has revealed glaring irregularities in various parastatals.
Irregularities that have been cited include unretired imprest amounting to K1.4 Billion , 14 Billion Kwacha in unsupported payments and irregular payments totalling K 4 Billion.
Parastal bodies that have been found wanting include ZESCO, the Road Transport and Safety Agency -RTSA- and the Citizens Economic Empowerment Commission -CEEC.
Others in the report include ZSIC, Judiciary headquarters, the State Lotteries Board and NATSAVE.
Other irregularities pertain to fuel amounting to 2 billion Kwacha.
The report also sites 1 Billion Kwacha which is unaccounted for and 10- Billion Kwacha of irregular procurements.
This is according to a news statement released today by Ellen Chikale the spokesperson in the office of the Auditor General.

Zambia's human development has stagnated for over 20 years

Zambia’s human development has stagnated for over twenty years.
This is as a result of inappropriate macro-economic policies implemented in the 1970s and 1980s, which caused a decline in economic growth.
This has been revealed in the latest United Nations Development Programme-UNDP Report on Human Development.
The report states that the structural adjustment programmes sharply increased unemployment, reduced real wages and significantly increased the incidence of extreme poverty.
The Report says the positive economic growth which the country has experienced in recent years, is not enough to fully redress the decline in people’s standards of living.
Zambia’s human development index value for 2010 was 0.395 putting the country in the low human development category.
The country ranked 150 out of 169 countries.
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Zambia advised to take advantage of $200m provided for least developed countries

Turkey has asked Zambia to take advantage of the 2o0 million US Dollars provided for in its 2012 budget, for tourism development in least developed countries.
Turkish Ambassador to Zambia Ahmet Arda says his country is ready to support Zambia’s tourism sector.
Ambassador Arda said this when he called on Information, Broadcasting and Tourism Minister Given Lubinda at his office in Lusaka on Thursday.
At the same occasion Mr Arda disclosed that Turkey has completed documentation to launch a direct flight to Lusaka through its flagship Turkish Airline.
Mr Arda says the direct flight from Istanbul to Lusaka will boost Zambia’s tourism industry as more tourists will be able to visit Zambia.
And Mr Lubinda appealed to Turkey to assist Zambia develop Livingstone into a fully fledged tourism destination, in view of cites Co-hosting of the 20th United Nations World Tourism Organisation -UNWTO- General Assembly in 2013.
Zambia will Co-host the Assembly with neighboring Zimbabwe.
This is according to a statement issued on Thursday by the Press and Public Relations Unit of the Ministry of Information, Broadcasting and Tourism.
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Cargill Helps Computer Aid International Bridge Digital Divide in Zambia



Cargill's cotton business in collaboration with the King Edward VII Lancashire Cotton Growing Endowment fund have donated over GBP26,000 to provide computer and internet access for the Kampamule Basic School in the Katete district of Zambia.
These 11 computers are part of the Zubabox - an innovative solar-powered container which powers the computers and provides access to the internet via satellite link. It was developed by Computer Aid International as a cost effective solution that would provide access to computers and the internet for rural communities in the developing world.
The ZubaBox requires no wired internet or electricity supply and is designed to be shipped as one complete unit wherever it is installed.
Speaking on behalf of Cargill, Andrew Thomas, Director Cargill Cotton Ltd UK said: "We are really excited to be able to provide the Kampumule Basic School with what is in effect an all-in-one computer library. Research shows that access to computers and the internet can improve education and learning by 40-60%. This is particularly crucial in rural communities where education opportunities may be limited."
This investment means that students will have access to computer equipment and internet access, greatly enhancing the scope and complexity of their learning. The Zubabox will also provide the broader community with a resource outside school hours.
Thomas continued: "We have been working with a large number of cotton farmers in Katete district for many years and a lot of their children attend this school. We are pleased to be continuing our investment in their community and enabling not just the children but the broader community to reap the rewards of this innovative solution!"
A local primary school in Lancashire will also link up with the Kampamule Basic School.
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Review on mining licensing procedure by Zambia to be completed


Zambia will be completing the review procedure of mining licenses and non mining rights by the next year. Mines and Natural Resources Minister Wilbur Simuusa said his ministry had to undertake a review of the mining licensing procedures to address irregularities and conflicts. Mr Simuusa said irregularities, litigations and allegations bordering on corruption had characterized the issuing of mining and non-mining licenses.
This forced the Government to suspend the insurance of new applications, renewal and transfer of mining and non-mining rights. "We are reviewing the mining licensing processing procedures and clearing up the system once the measures are completed we shall lift the suspension and start issuing new mining and non mining rights," Mr Simuusa said. In October this year, the minister announced that he had suspended the insurance of new applications, renewal and transfer of mining and non-mining rights due to the inefficient and bureaucratic tendencies in the processing of mining licenses.

Wednesday, December 7, 2011

Heightened global risk perceptions in the aftermath of the financial crisis

Heightened global risk perceptions in the aftermath of the financial crisis, fueled by sovereign credit risk in the developed world and political crises in the Middle East and North Africa, have increased investor's concerns, according to a new report by the World Bank's Multilateral Investment Guarantee Agency. However, the report, World Investment and Political Risk, notes that investors are more optimistic over the medium term.

A survey of global investors conducted for the report finds they are "cautiously optimistic" about their investment plans in the next 12 months. They are more confident over the next three years: nearly 75 percent of corporate respondents have plans to expand in developing countries over this period.

MIGA's survey shows that events in the Middle East and North Africa have had a negative effect on foreign direct investment (FDI), but a significant majority of global investors said they have not changed their investment plans. However, while investors appear willing to ride out this period of turmoil and uncertainty, they are also ready to downsize plans should political instability intensify and become prolonged.

Overall, the report notes that the recorded growth of private capital flows to developing countries, including FDI, is moderating, but is expected to regain speed in the medium term - corroborating the sentiment found in the investor survey. "This uncertain economic landscape aside, developing countries are expected to grow more than twice as fast as high-income economies over the next few years," notes MIGA's Executive Vice President Izumi Kobayashi. "This continued growth, together with stronger and more business-friendly environments, should enhance their appeal to savvy investors worldwide."

Journalists in prison reach 15-year high


The number of journalists imprisoned worldwide reached a 15-year high in 2011, driven by repressive states seeking to choke the flow of information, according to a new report by the Committee to Protect Journalists.

In its annual census of imprisoned journalists, CPJ identified 179 writers, editors, and photojournalists behind bars on December 1, an increase of 34 from 2010.  Nearly half of those held were online journalists, while about 45 percent of the imprisoned were freelancers. Iran tops the list for the second consecutive year with 42 journalists in prison, followed by Eritrea (28), China (27), Burma (12), and Vietnam (9).

"Independent journalists, who often lack the institutional support necessary to resist legal pressures or defend themselves in court, are bearing the brunt of this unprecedented rise in the incarceration of journalists," said CPJ Executive Director Joel Simon. "The media gives voice to the grievances of citizens and helps to hold the powerful to account. Their freedom to report represents our freedom to know."

Iran, the world's worst jailer of journalists, maintains a revolving prison door with furloughs and new arrests; subjects prisoners to inhumane treatment; and targets their legal counsel. A relentless crackdown on the press has led 65 journalists to flee Iran since 2009, CPJ research shows. In China, the number of journalists jailed was consistent with the past few years, and reflects pressure on those who seek to give voice to Tibetan and Uighur minority groups.

Recent signs of democratic reform have led the U.S. to begin restoring relations with Burma, yet Burmese journalists remain locked away, and the risk of being muzzled with jail time continues. None of Burma's recent media reforms have been fortified with amendments to existing legislation. Those laws include the harsh Electronics Act, which provides for lengthy prison terms for anyone who sends unsanctioned information over the Internet.

"Burma's transition to democracy will not be legitimate without legal reform to ensure press freedom," Simon said. "Draconian laws restricting reporting must be abolished, and imprisoned journalists immediately released."

Most journalists in CPJ's annual census were imprisoned on anti-state charges, while the second most common charge was violation of censorship rules. The vast majority of those jailed were local journalists held by their own governments. Sixty-five journalists, or over a third of those included in the CPJ census, were being held without any publicly disclosed charge.

"It is an abomination that of 28 journalists imprisoned in Eritrea, not a single one has ever been publicly charged with a crime," Simon said. "If they cannot be charged then they cannot be held. We demand the release of these journalists." Among those locked away is Swedish-Eritrean editor Dawit Isaac, who has been held since 2001.

CPJ registered some improvements:  In the Americas, although authorities continue to detain journalists on a short-term basis, not a single journalist was in jail for work-related reasons on December 1st. Imprisonments also continued to decline gradually in Europe and Central Asia, where only eight journalists were jailed, the lowest tally in six years.

CPJ's annual census is a snapshot of those incarcerated at midnight on December 1, 2011. It does not include the many journalists imprisoned and released throughout the year; accounts of those cases can be found at www.cpj.org. Journalists who either disappear or are abducted by nonstate entities such as criminal gangs or militant groups are not included in the prison census. Their cases are classified as "missing" or "abducted."

Friday, December 2, 2011

Former U.S President George Bus launches the HIV and cancer campaign

Former U.S President George Bush has launched the HIV and cancer campaign in Lusaka’s George compound.
The former U.S president launched the red ribbon on Friday which signifies AIDS and the pink for cancer.
Mr Bush says there is need for developed countries to help least developed countries stop preventable deaths by cancer and HIV.


He says human life is important requiring an ambitious programme to prevent unnecessary deaths.
The programme which will be rolled out globally has an initial commitment of US $75 million.
First Lady Christine Kaseba appealed to partners in the pink ribbon campaign to ensure people in rural areas also benefit.
Dr Kaseba called on all Zambians to take advantage of the health initiative.
Several partners have pledged more financial resources towards the initiative aimed at fighting HIV AIDS and Cancer.
And United States Ambassador to Zambia Mark Storella says an additional US $3three million will be pumped in the initiative to expand cervical cancer services in the Country.
Earlier on Friday morning Mr. Bush arrived in the country for a two day working visit.
Mr. Bush who is accompanied by his wife Laura and their two daughters arrived at about 09:00 hrs at Kenneth Kaunda International airport.
He was received by President Michael Sata.
First lady Christine Kaseba, cabinet ministers, other government officials and diplomats accredited to Zambia were also on hand to welcome Mr. Bush.
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