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‘Debt relief must benefit the poor’
n July 1, the World Bank cancelled US$2.7 billion of the International Development Agency IDA) debt for Zambia under the Multilateral Debt Relief Initiative (MDRI), having reached the completion point last year under HIPC. Finance minister Ngandu Magande said the "freed resources" would go towards ...
SA in measures to avert fuel shortages
he South African Petroleum Industry Association (Sapia) said there would be shortages if the firms did not import the product. India is reportedly shipping 100 000 tonnes of low-sulphur diesel to South Africa. News reports yesterday quoted shipping traders as saying Indian refiner Reliance was supp...
You have done Africa proud â€" Ecowas
peaking on behalf of Ecowas, Dr Mohammed Ibn Chambas, Ecowas secretary-general, commended the five teams ' the Elephants of Cote d'Ivoire, the Sparrowhawks of Togo, the Black Stars of Ghana, the Black Antelopes of Angola and the Carthage Eagles of Tunisia ' for making Africa proud with their dazzlin...
Bad debts bleed Kenyan banks
he dossier, which was presented to Mwiraria in July 2004, showed that a number of banks in Kenya, while looking healthy on the exterior, were in deep financial trouble and had only managed to mask their blemishes by applying "creative accounting" methods. President Mwai Kibaki's regime is taking st...
SA firms eye Zambian mart
outh African High Commission trade and information assistant officer, Winza Sichali, said yesterday in an interview that most of the companies certified by the South African Bureau of Standards especially in the construction and tourism industry were dedicated to contribute to the development of Zam...
Mining conglomerate contests court ruling
n an appeal heard at the Supreme Court before Justices Wilson Sandura, Luke Malaba and Elizabeth Gwaunza, Metallon is seeking a reversal of the decision reached by the lower court last March. In his ruling, Justice Yunus Omerjee granted Stanmaker the lawsuit against Metallon in Zimbabwe's biggest e...
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