Finance
According to a report published today, the Drug Enforcement Commission in the first quarter of 2021 seized US$150,900 in counterfeit notes. The Commission received a total of 29 reports involving over K19 million, over US$326,000 and 25,300 Pounds and secured one conviction in the cases under the Anti-money Laundering Investigations Unit. The report also indicates […]
A video is making it’s rounds on social media in which Vice President Inonge Wina is shown handing out money to people as a crowd cheered her on in Solwezi District in the North Western Province of Zambia. The United Party for National Development (UPND) has since challenged the Vice President to tell the nation […]
Vice President Inonge Wina has distanced the Patriotic Front from the purported PF cadres showing off huge sums of money in videos widely shared on social media. Mrs. Wina says the Police and the Drug Enforcement Commission have instituted investigations into the matter. Mrs. Wina further said she would not be surprised if some of […]
Zambia has officially requested a debt treatment under the Common Framework agreed by the Group of 20 major economies and the Paris Club in November last year. The newly adopted common framework for debt treatment beyond the G20 Debt Service Suspension Initiative is designed to facilitate timely and orderly debt treatment with broad creditor participation […]
According to the Accountant General, Kennedy Musonda four (4) out of the 63 ministers who illegally stayed in office following the dissolution of parliament in 2016 have failed to payback the salaries and allowances owed to the treasury. Mr. Musonda, said the collective amount owed to the Treasury by the four individuals is K230, 064.36. […]
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