Kwacha gains as mines buy local currency to pay off retrenched miners

Kwacha gains as mines buy local currency to pay off retrenched  miners

The Zambian Kwacha has continued appreciation against the USA Dollar due to mining companies buying the local currency to pay off thousands of pruned miners. This and last week, mines offloaded thousands of Zambian miners who they are still paying separation packages in local currency. The government has also continued borrowing and flooding the market […]

Mwanza rubbishes Lungu’s so called austerity measures

Press Statement for Immediate Release 26th November 2015, Today President Edgar Lungu called a press briefing were he was expected to give practical solutions to the economic crisis the PF has plunged the nation in. Instead the President used the occasion to cause further suffering on the already bleeding masses by directing ERB and ZESCO […]

KCM shuts Underground mine, 2500 lose jobs

CHINGOLA, 26 November 2015, today Konkola Copper Mines announced that it is placing the Nchanga underground mine (NUG) in Chingola under managed care and maintenance with effect from Friday, 27th November 2015. The decision to place NUG on a managed Care and Maintenance programme was arrived at on Wednesday, 25th November 2015 after close consultation […]

Even ZRA workers haven’t been paid

ZRA workers not yet paid also. Last month, ZANACO helped to pay the Salaries for all the ZRA workers, an act which has not happened in a very long time. Normally, ZRA helps Government to pay Salaries for Civil Servants but if ZRA, the tax collector, is empty…then we know for sure that things are really […]

Zambians refuse to donate to Lungu’s Tabernacle

Zambians refuse to donate to Lungu’s Tabernacle

Zambians have refused to fund President Edgar Lungu’ s nyaminyami tabernacle. Last month, Lungu and his supporters made passionate pleas for Zambians and foreigners to contribute their meagre earnings in an account for the so called ‘House of Prayer for All Nations’. Abusing government facilities, the government even opened a bank account at ZANACO under […]

Lungu and PF will pay for Job losses and betrayal of Copperbelt – FDD

FDD Nkana constituency aspiring candidate Ernest Mulebi says the people of Copperbelt will punish President Edgar Lungu and his PF Government for betrayal of the people in the mining province for condemning over 4,000 miners to the streets. Mr. Mulebi said the FDD stands ready to work with the former miners in trying to find […]

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