FIC REPORT NAMES SOUTH AFRICA – as Zambia’s most prevalent partner in Trade-Based Money Laundering (TBML)

By OLIVER SAMBOKO 

A latest Financial Intelligence Centre (FIC) report has revealed that South Africa is the most prevalent jurisdiction for Trade Based Money Laundering (TBML) among trade partners with Zambia.  

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ZAMBIA IS NOT SURE IT WILL GET FURTHER IMF FUNDING – says Finance Minister Situmbeko Musokotwane 

A Year after qualifying for a crucial US$1.3 billion IMF bailout package, Zambia remains at sea on whether the next pay out of US$188 million is coming home according to Finance and National Planning Minister Situmbeko Musokotwane in an interview on the side-lines of the Spring Meetings in Washington DC. 

Speaking on various issues, the minister spoke of two issues but about the bail out, the second one stands out to access money from the IMF: 

Dr Musokotwane said regarding the “sketchy” bailout package, “the second thing needed (to access the money) is to reach an MoU with the creditors giving financial assurance by the creditors ´as of now that has not happened´ and because of that there is no automatic reason to believe that the US$188 million will be released.”

At the centre of the crunch according to international independent analysts is the fact that Lusaka has not reached out to Beijing whom it owes about US$6 billion, the single largest creditor at the highest level, the holy grail. 

Dr Musokotwane did not explain whether Zambia had an alternative in case the standoff with the creditors continues, and Zambia´s economy struggles amidst rising costs of food and fuel. 

Zambia borrowed money from China, like many other African countries to build hospitals, schools, bridges, airports etc which now must be paid back with cooperation from China.

ANTHONY MUKWITA.

Exploring the mechanisms underpinning individual differences in autism spectrum disorder using machine learning

Autism spectrum disorder (ASD) is a developmental disorder associated with difficulties in interacting with others, repetitive behaviors, restricted interests and other symptoms that can impact academic or professional performance. People diagnosed with ASD can present varying symptoms that differ in both their behavioral manifestations and intensity.

New NAPSA law a political instrument to curb high cost of living, says CTDF

The NAPSA Amendment Act of 2023 which has now been signed into law by President Hakainde Hichilema is not the best policy direction because it is in breach of the basic principles of the Intenational Labour Organisation (ILO), Vincent Lengwe has observed.

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Study examines quality of care for veterans with serious artery disease

New research led by Emory Healthcare, in partnership with the Veterans Health Administration, is shining a light on the need for better medical interventions and more aggressive treatment for veterans with peripheral artery disease (PAD), a serious condition found in 10 million U.S. individuals nationwide that is one of the leading causes of the 185,000 major lower extremity amputations that happen each year.

OPEN LETTER TO THE PRESIDENT

GOOD morning, good afternoon and good evening sir, depending on the time I’m communicating with you. 

We appreciate for the free education, employing civil servants and increasing CDF. 

This is good for our country.

What your government needs to know is this country is facing many challenges that need agent attention.  We have problems like shortage of drugs in hospitals and clinics, exploitation of workers, taxation measures, poor road network high cost of living etc. 

Even job crisis is a big challenge 

What is the government planning for uneducated in terms of job creation?

The best way it can do is to form a taskforce that will respond to the challenges facing the nation.

This is what our friends have done in Singapore and the economy is doing fine.  Singapore is the fastest growing economy.

In Zambia we have capable men and women who can be in this task force. 

I can mention people like Professor Elicy Ng’ambi, Bernard Chiwala, Namuchana Musiwa, Dr John Sangwa, Linda Kasonde, Trevor Simumba etc.

Lastly this is the only way our problems will be solved.

KENNEDY MUNYEMESHA.