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IFC invests in Stanbic Bank to support SME growth in Zambia
Zambia’s entrepreneurs battle to access finance due to informality in the market, high collateral requirements, and poor bank lending tools.
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Stanbic launches mobile app to assist farmers
The app gives farmers satellite data, crop growth models, soil analysis mapping, independent fertiliser recommendations and weather data.
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Zambian president fires finance minister, replaces her with Ng'andu
Zambia’s president has fired Finance Minister Margaret Mwanakatwe and appointed central bank deputy governor Bwalya Ng’andu to replace her, the president’s office said.
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Zambian president threatens to fine miners who break law
Vedanta is fighting Zambia’s decision last month to name a provisional liquidator to run its Konkola Copper Mines (KCM) business and is seeking international arbitration.
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Zambia arrests ex-minister for graft after British aid freeze
Emerine Kabanshi was arrested "for abuse of authority of office," said a statement from Zambian anti-corruption and anti-money laundering agencies.
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Zambian villagers cleared to sue copper mine in London
The villagers filed a claim in London in 2015 against KCM for toxic pollution caused by water discharged from its unit Nchanga Copper Mines, situated in the central copperbelt region.
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Cyclone Idai: 15,000 displaced as rescue operations continue
Cyclone Idai has battered the region, including Zimbabwe and Zambia, causing rivers to burst their banks and destroying homes and buildings.
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Zambia bans 'Viagra' energy drink
SX Energy Natural Power drink, produced by Revin Zambia, is exported around the region including to Uganda, where a consumer recently complained of a prolonged erection and profuse sweating.
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Zambia police charge MP with hate speech for 'Indian jibe'
Chishimba Kambwili, a critic of President Edgar Lungu, allegedly told an Indian-origin road worker that his occupation should be reserved for indigenous Zambians.
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Zambian minister Ronald Chitotela denies graft charges
Chitotela faces two corruption charges for allegedly concealing ownership of two properties ‘reasonably suspected of being proceeds of crime’.
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Zesco triumph seals great weekend for Zambian clubs
Zesco United defeated South Africa visitors Kaizer Chiefs 3-1 Sunday to complete a successful weekend for Zambian clubs in the first legs of CAF Confederation Cup play-offs.
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Zambia's president fires army chiefs
Edgar Lungu did not give reasons for removing Lieutenant-General Paul Mihova but cautioned his successor, William Sikazwe, not to abuse the authority of the office and to respect the hierarchy.
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Zambia's chamber of mines sees 21,000 job cuts due to higher taxes
Africa’s No.2 copper producer plans to introduce new mining duties, replace Value Added Tax with sales tax and increase royalties to help bring down mounting debt.
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Zambia court rules president can run again in 2021 vote
President Edgar Lungu completed former president Michael Sata's term after he died in 2015 before winning a full term in his own right in 2016.
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Prince Harry joins the circus in Zambian youth project
The prince spent the last of his two days in Zambia visiting World War Two veterans in the capital Lusaka before heading to Circus Zambia.
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Zambia jails rights activist for calling judiciary to account
Gregory Chifire had questioned one of the court's rulings earlier this year in which it overturned a lower court's decision involving two large corporations.
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Zambia revives plan to cull 2,000 hippos over next five years
Charles Banda said the hippo population could not be supported by the water levels in the Luangwa river where most of the animals are located while moving them elsewhere in the southern African country would be too costly.
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Mining firms say Zambia's tax hike plan would ruin economy
Several mines would become unprofitable if the tax plans were implemented with overall copper production likely to fall, Zambia Chamber of Mines President Nathan Chishimba said.
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Donors halt aid to Zambian social-welfare scheme over alleged misuse
The social cash transfer scheme is a donor-supported programme under which the government relays money to vulnerable households in rural areas.
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Zambia denies offering power utility as collateral for China loan
Margaret Mwanakatwe was responding to a report that said Zambia was preparing to offer its power utility to China as security against a loan.
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Former African champions play Cup of Nations catch-up
It will be easier for some former champions with home advantage to score maximum points when the 2019 Africa Cup of Nations qualifying resumes this weekend.
