For a new generation of antibiotics, scientists are bringing extinct molecules back to life

“We need to think big in antibiotics research,” says Cesar de la Fuente. “Over one million people die every year from drug-resistant infections, and this is predicted to reach 10 million by 2050. There hasn’t been a truly new class of antibiotics in decades, and there are so few of us tackling this issue that we need to be thinking about more than just new drugs. We need new frameworks.”

‘Nkana not crybabies’

…Nkana CEO says as he urges “genuine” Nkana fans to police themselves

By MICHAEL MIYOBA

NKANA Football Club Chief Executive Officer Kelvin Mutafu says the Kitwe giants are not crybabies as they always find a way to navigate through the harsh judgements from judicial bodies. 

In June this year, the FAZ Disciplinary Committee banned the club from using Nkana Stadium for the 2023-2024 season following the crowd trouble which happened during the MTN week 31 Super League match played on April 8 at Arthur Davies Stadium against Power Dynamos.

The ban from using their home venue forced Nkana to settle for Woodlands Stadium in Lusaka which is over the 62 kilometres which was recommend by the disciplinary committee. 

Mutafu said playing at Woodlands Stadium would enable Nkana to maximise on gate takings and navigate through the harsh judgements of having to play games 62km away from Nkana Stadium.

He hailed the Nkana FC executive for being creative and efficient to come up with ways to overcome challenging situations. 

“We are not crybabies, this is not the first time we had such a harsh judgement. We had our striker Alex Ng’onga who was banned.  The executive sat and thought how we can make money out of this situation so we were able to take ‘Bazo’ to Congo and made some money out of it so every situation which is presented to us we always find a way,” Mutafu said.

He said Woodlands Stadium where Nkana will play the first six home games is a perfect option for the Kitwe giants who command a huge fan base in Lusaka. 

He is confident that Nkana fans will fill up Woodlands Stadium when they host Red Arrows as the Super League takes off this weekend. 

BoZ to start monetary policy deliberations

By BUUMBA CHIMBULU

THE Bank of Zambia (BoZ) will next Monday commence monetary policy deliberations, with some stakeholders predicting that it is likely to keep the benchmark rate unchanged at 9.5 percent despite price pressures.

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Denny Kalyalya, the central bank Governor is expected to announce the ruling benchmark interest rate on Wednesday after the meeting.

According to the Kwacha Arbitrageur, the rate decision meeting would likely focus on the rising risks to growth to include environmental headwinds such as El Niño weather forecast to impact power generation and agriculture output for 2023.

“Other exogenous factors that will be considered will include tight global monetary conditions as central banks seek to meet their inflation targets.

“The Russo Ukraine crisis could also impact the view on food prices in light of the Black Sea grain deal expiry which if not addressed will further dislocate global grain markets,” the Kwacha Arbitrageur stated.

The rate decision committee has this year cumulatively hiked rates 50 basis points to 9.5 percent and tightened the cash reserve ratio 250 basis points to 11.5 percent as the central bank sought to reign in on rising price pressures while simultaneously curbing an earlier currency slide.

According to the Kwacha Arbitrageur, 80 percent of a poll conducted of 20 economists saw likelihood of no change in the benchmark interest rate while four percent still anticipated a rate hike possibility by another 25 basis points to tame inflation.

From the last monetary policy committee meeting, sentiment was given a positive cue from a US$6.3 billion bilateral debt treatment elevating hopes of private debt restructure as the countries gears up for a more robust recovery.

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