Zambia has a constitution, Sata
By Moses Kuwema
Thu 16 Jan. 2014, 13:00 CAT
PRESIDENT Michael Sata this morning wondered why certain sections of society were desperate for a new constitution when the country has held six general elections using the current constitution.
Speaking after swearing in Dr. Bwalya Ng'andu transport, communication, works and supply permanent secretary at State House as , President Sata wondered which constitution people were desperate for when the country already had one.
"Go and tell them that you took oath under the constitution. We have a constitution and we have had six elections over this constitution so the people who are talking of the constitution, we don't know about it. Probably Ms Rosewin Wandi Anti-Corruption Commission director general knows something about the constitution….and you are going to uphold the constitution," President Sata said.
And President Sata has urged newly appointed permanent secretary Dr. Ng'andu to concentrate on revamping Zambia Railways Limited (ZRL) and TAZARA.
Dr.Ngandu, until Monday was Bank of Zambia (BOZ)deputy Governor, replaces two Permanent Secretaries in the ministry of Works and Supply Bernard Chiwala and Charity Kaande-Ngoma who were fired by Sata on Monday.
Sata also swapped Ministry of Health permanent secretary Dr Peter Mwaba with his Home affairs counterpart Dr Misheck Chikamata.
Labels: BWALYA NG'ANDU, CONSTITUTION, MICHAEL SATA
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Mining export receipts drop
By Gift Chanda
Fri 26 July 2013, 14:00 CAT
ZAMBIA's export receipts from mining have dropped seven per cent to K2.646 billion in June, according the Central Statistical Office. The earnings dropped from K2.840 billion recorded in May, CSO director John Kalumbi told journalists yesterday.
"The fall in copper prices on the international market in June could have contributed to the drop in the country's metal export earnings," said Standard Bank emerging market strategist, Yvette Baab, said in a telephone interview from South Africa.
Baab said the prices on the international market in June dropped four per cent and this was not offset by further rise in volumes of copper being exported from Zambia.
Copper prices in June fell to US $7,000 per tonne from US $7,200 for May and April, and according to Baab, the drop led to the decline in the value in copper export earnings for Zambia.
Copper, which declined for the first time in five days on Tuesday after a preliminary reading of manufacturing in China fell below expectations, has dropped 13 per cent on a year-to-date basis and was trading at US $6,986 a metric tonne on the London Metal Exchange on Tuesday.
Meanwhile, the CSO said the country's inflation had remained unchanged at 7.3 per cent year-on-year in July.
The Bank of Zambia has raised the benchmark interest rate for the past two months to curb prices after the government removed subsidies on fuel and mealie-meal.
Central Bank deputy governor for operations Dr Bwalya Ng'andu recently said inflation rate would continue easing to end the year at six per cent despite the removal of subsidies.
Labels: BWALYA NG'ANDU, JOHN KALUMBI, MINING, YVETTE BAAB
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