Zambia Electricity Supply Company (ZESCO) has said the cost of business for the company is high hence the proposed tariff increment.
ZESCO’s funding of the company’s sponsored football club ZESCO United will not be affected by the loss of revenue that the company is expected to face due to load shedding. Speaking in an interview with the Lusaka Star, ZESCO team manager George Lwandamina has disclosed that the team’s expenditure was budgeted for long before the company started load shedding. “The team will not be affected in any way because all the expenditure was budgeted for and currently the team is doing well,” Lwandamina said.
The Zambia Electricity Supply Corporation (ZESCO) will lose over US$ 160 million as a result of the power deficit the country is experiencing. Chief Government Spokesperson Chishimba Kambwili said US$ 97 million revenue loss will be as a result of reduced sales to customers and an additional US$ 70 million revenue loss will be due to reduced sales to distribution customers.
Soccer Analyst Andrew Musonda has placed his belief in the Zambia National Soccer Team after they beat Malawi in a preparatory match ahead of the upcoming COSAFA tournament to be hosted by South Africa. In an interview with the Lusaka Star, Mr. Musonda said he believes the Chipolopolo Boys will deliver at the tournament if they maintain their performaace. Mr. Musonda said that the performance displayed by the team was satisfactory and proved the critics wrong.
ZESCO United football club has vowed to continue supporting football in Zambia through its annual ZESCO managing director’s tournament. The ZESCO managing director’s tournament is used as a platform for discovering new talent from different parts of the country. In an interview with the Lusaka Star, ZESCO United acting chief operating officer Linus Chanda said the club was dedicated to supporting football in the country adding that the tournament was used as a tool to develop football.