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Transport, Works, Supply and communication Minister Yamfwa Mukanga has urged Airtel Zambia to consider reducing the cost of making calls on their network so that Zambians can utilise their phones for business purposes and not for mere luxury. Mr. Mukanga said Airtel should strive to reach a level where all Zambians are able to...
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THE probe into the sale of Zanaco has closed with accusations and counter-accusations among Zambians on how the Bank was sold for a ‘song’, but no arrow of wrongdoing went the direction of Rabobank. “My recommendation is that Rabobank be still returned as the equity partner,” says former Zanaco managing director Samuel Musonda. The...
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MACH, a multi-national telecommunication company, and Bharti Airtel have partnered to form a strategic partnership to enhance the roaming business in Africa. The partnership will enable Airtel to take a top-down consolidated view of its entire group-wide roaming business and determine group roaming strategies that will improve competitiveness. This information is contained in a...
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RABOBANK emerged as the preferred bidder for Zanaco because the Zambezi Consortium and the Industrial Credit Company (ICC) did not meet the minimum criteria and their offers were not known, the Zambia Development Agency (ZDA) has revealed. ZDA director Andrew Chipwende also said in Lusaka yesterday that the market comparables method was used to...
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Emirates Airline yesterday launched its five-times-a-week direct flight to Dubai from Lusaka, as part of efforts to boost the tourism industry and enhance trade. The A330-200 aircraft fleet number EK 713, which will service Dubai-Lusaka-Harare, touched down at Kenneth Kaunda (KK) International Airport slightly after 14:00 hours, amid jubilation from onlookers and a magnificent...
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Panic has gripped the top management at Zanaco following Government’s announcement of a Commission of Inquiry to look into the sale of the once State wholly owned Bank to Rabo bank of Netherlands. Former finance minister in late president Levy Mwanawasa’s government Ng’andu Magande presided over the sale of the Zambia National Commercial Bank...
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Jerry Yang, the co-founder of Yahoo!, has resigned from its board. Mr Yang founded the online company in 1995 with David Filo and was its chief executive from June 2007 until January 2009. His resignation comes two weeks after the company hired former PayPal executive Scott Thomson to be its new chief executive. Mr...
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Emirates, one of the world’s leading airlines has confirmed that it will make its inaugural flight from Dubai to Lusaka’s Kenneth Kaunda (KK) International Airport on February 1, 2012. Emirates sales executive for the Netherlands Mathieu Hastman said Emirates will fly to Lusaka five times a week on every Sunday, Monday, Tuesday, Wednesday and...
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THE GOVERNMENT of the republic of Zambia under the Patriotic Front government has reversed the sale of Zamtel, Tumfweko has been briefed and understands. The commission of inquiry constituted to scrutinise the sale of Zamtel to Lap Green Network of Libya established that the transaction was fraudulent and illegal. Chairperson of the commission set...
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Liberty Properties announced on Wednesday that it had opened a US$165 million mixed use development in Lusaka, Zambia on November 24. Liberty Properties acted as the development manager for the project that was named after the late Zambian state president, Levy Mwanawasa. The company said that Levy was the first mixed use development in...
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