Alice Nachilembe
Veteran sports administrator Mwamba Kalenga has died
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 […]
2017 Auditor General’s report paints picture over-taken by events.
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 […]
How much was KCM sold? What did Zambia get out of this sell?
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 […]
The Independent Observer
ZCCM applies to appoint Milingo Lungu as KCM liquidator
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.