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.
A Lecturer at University of Zambia (UNZA) has called for the introduction of new farming methods if the country is to diversify its economy to agriculture. Dr. Orleans Mfune, who is a lecturer in the department of Geography, noted that the agriculture sector is very important to the development process of any country.
A proposal by the Lusaka City Council (LCC) to introduce a policy that compels members of the public to produce National Registration Cards (NRC) on purchasing alcohol has cheered Lusaka parents. This policy proposal by LCC is a deliberate move aimed at reducing underage beer drinking in Lusaka. A parent and resident of Lusaka's Ngombe Township, Kunda Lwembe, welcomed the move by LCC and called on government to consider approving the proposal made by the local authority.
SOME Lusaka based Small and Medium Scale Entrepreneurs (SMEs) have called on government through the Ministry of Mines and Energy to consider adjusting the prices of fuel downwards to allow them stay in business. The entrepreneurs complained that increasing the cost of fuel when the country is currently grappling with challenges of load shedding is a blow to most small scale businesses.
A University of Zambia (UNZA) lecturer has urged graduating students to consider venturing into entrepreneurship upon graduating from the institution. In an interview with the Lusaka star, Department of Development Studies lecturer McDonald Chanda observed that students should aim at creating employment and become their own bosses rather than aiming to graduate and work for someone.
A University of Zambia (UNZA) economics lecturer says agriculture can be a major source of foreign exchange if it was given more attention by government and other stakeholders. In an interview with Lusaka star, Mr. Abson Chompolola said the country had the capacity to develop the agricultural sector to a point where it could contribute to the development of the country by bringing in the much needed foreign exchange.
ZAMBIA through the World Food Program has launched the Scaling up Nutrition (SUN) Movement to develop nutrition in the country. The SUN movement which was aimed at uniting governments, civil society, the United Nations’ donors, researchers and businesses in collective effort to develop and implement strategies that improve nutrition was founded on the principle that would allow everyone to have the right to food and good nutrition.
PLANS by the Oasis Cafeteria stationed at the University of Zambia (UNZA) main campus to start using the Siwela Lecture Hall has been received with mixed feelings by the student populace. Oasis Cafeteria management are in talks with the Registrar’s Office over the possibility of using the Siwela Lecture Hall as part of the cafeteria.
The University of Zambia Business and Economics Association (UNZABECA) has called on students to develop their entrepreneurship skills in order to earn a living after school. UNZABECA President, Collins Mulenga said students should not solely depend on government and other companies for employment opportunities but rather create employment for themselves through entrepreneurship.
The Ministry of Finance and National Planning has said spending of the two Sovereign Bonds that government acquired is effectively minimizing the level of external debt. Speaking to the Lusaka Star in an interview, Ministry of Finance Public Relations Officer, Chileshe Kandeta said Zambia’s Sovereign Bonds issued in the international capital markets are performing to the desired expectations.