Economy

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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PF Gives UK Firm Licence to Operate Local Routes

In an unprecedented move, the Patriotic Front government through the Ministry of Transport and Communications, has approved the licence for a UK based airline, Fastjet to operate as local airline...

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Controversy-Ridden Finance Bank Aims to Acquire Zimbabwean Bank

Facing a number of political obstacles to the reopening of his banks in Malawi, the controversial Chairman of Finance Bank Rajan Mahtani is now competing to acquire a financial institution...

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Foreign Investor Calls for Probe into Mining Licenses

Another foreign investor says there is a need for a forensic probe into the operations of the Geologial Survey Department and Mines Cadaster to root out possible corruption and wrong-doing...

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Lumwana Mine May Suspend Operations

Barrick Lumwana Mine in Solwezi District of North Western Province has threatened to suspend operations if Parliament goes ahead to approve the proposed increase in Mineral royalty taxes in January...

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Mahtani Panics, Moves Millions Out of Zambia

Finance Bank Chairman Rajan Mahtani is allegedly moving huge sums of money out of Zambia in a panic following the death of President Michael Sata, a source tells Zambia Reports....

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