Zambia Railways Limited says the 2017 Auditor General’s report highlighting its troubled financial status paints a picture that has been over-taken by events. Zambia Railways board chairperson Lubinda Linyama says the loss positions highlighted in the latest Auditor General’s report were as a result of two parallel pay rolls that the company was managing consisting […]
The Chairman of Vedanta, Anil Agarwal, in his statement for the financial year ended 31 March 2005 reported that the cost of the Konkola acquisition was a gross of $49.2 million. This comprised a subscription for sufficient new KCM ordinary shares for an amount of $25 million for a 51% interest, $23.2 million as deferred […]
ZCCM Investment Holdings PLC has asked the Lusaka High Court to grant them an order to appoint Milingo Lungu of Messrs Lungu Simwanza and Company as provisional liquidator of Konkola Copper Mines PLC. This is according to an application for ex parte order appointing provisional liquidator filed in the High Court on May 21.
Minister of Finance Margaret Mwanakatwe has refuted reports of introducing exchange controls to arrest the Kwacha slide. Ms Mwanakatwe said Government has received reports that some unscrupulous persons are taking advantage of recent challenges in the local foreign exchange market to spread false information. She said these people are implying that exchange controls are about […]
By ALICE NACHILEMBE 24 Teams to participate in the Chilombo Independence Football Tournament in Lufwanyama West. Chilombo Football Championship Organizers met on Saturday 18th May, 2019 at Kapilamikwa Primary School and held a successful tournament meeting and all 24 Teams representatives were in attendance. The championship is been sponsored by Henry Chilombo whose childhood roots […]
Alice Nachilembe
