Economy

HH Accused of Misconduct in Liquidation of Agriflora

With just one day to go before Election Day, another investigation has unearthed an additional corruption allegation against United Party for National Development (UPND) presidential candidate Hakainde Hichilema. This time...

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Finance Bank Was Sold at True Value of $5m in 2011

A newly leaked document sheds fresh light on one of Zambia’s most infamous financial scandals in recent years, showing that the previous government’s seizure and subsequent sale of Finance Bank...

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Lumwana Maintains, “We’ll Suspend Operation”

Barrick Gold Lumwana Mine has maintained that it will suspend operations if an amicable solution is not reached with government. Barrick Gold Lumanwa Mine Director of Operations for Africa and...

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Mahtani’s Business Empire Hangs on Election Outcome

For many foreign and domestic investors in Zambia, the outcome of the January 20 presidential looms large in terms of political risk. In the mining sector, foreign multinationals are crying...

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UTH Nurses Cold on PF over Labour Dispute

Some nurses who were fired from the University Teaching Hospital have vowed not to vote for the Patriotic Front (PF) in the January 20, 2015 presidential election. Some of the...

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Geological Survey Official Linked to Mining Corruption Scandal

The director at Geological Survey Department Chipilauka Mukofu has been linked to an illegal mining scandal involving senior Chieftainess Nkomeshya and a Chinese company in Lusaka’s Shantumbu area. Sources in...

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Chikwanda Alleged to Fund Lungu Campaign with Corrupt Proceeds – Source

Finance Minister Alexander Chikwanda has been identified as one the people that will bankroll the presidential campaign of Edgar Lungu of the Patriotic Front, a source close to State House...

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Key PF Financier Mahtani Investigated for Money Laundering by U.S.

One of the largest financiers of Patriotic Front (PF) presidential campaigns Rajan Mahtani has been the target of a money investigation involving the United States government, according to the documents...

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Zambian Peacekeeping Troops Lack Funds to Deploy to CAR

The deployment of more than 400 Zambian peacekeeping troops to the Central African Republic (CAR) is on hold largely due to funding and logistical setbacks on the part of the...

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Mahtani’s Role in the Cartel, Part 1

Yesterday on November 19 the controversial Finance Bank Chairman Rajan Mahtani convened a televised press conference at the Intercontinental Hotel in Lusaka, where he issued a series of threats against...

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