Africa is losing between US$50 billion and US$150 billion annually due to the scourge of Illicit Financial Flows (IFF), the United Nations (UN) has been informed. Zambia’s Permanent Representative to the United Nations (UN), Lazarous Kapambwe has observed that the scourge of illicit financial flows has remained the biggest cause of economic bleeding in Africa […]
Veteran sports administrator Mr Mwamba Kalenga has died. According to his son Mwamba Kalenga Jr, Mr Kalenga collapsed Wednesday evening before he was pronounced dead at Chingwerere clinic in Lusaka. He is former National Sports Council of Zambia chairman. Mr Kalenga will also be best remembered for his passion and contribution to amateur boxing under […]
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 […]
Alice Nachilembe
The Independent Observer