Govt praises NGO for Siavonga infrastructure works

GOVERNMENT has commended Liberi Foundation for constructing various projects among them school infrastructure and health facilities.

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The Foundation, which was founded in 2017 by Wilma Kaptjin, aims to provide high quality education and improved health care to children and young people in the district.

Liberi Foundation was now helping renovate Siamatika primary school and the construction of a modern health facility and a semi-detached staff house which are almost complete in Siavonga District.

Siavonga District Commissioner Geofrey Jakopo expressed happiness at the quality works being exhibited in the area.

Mr Jakopo thanked Liberi Foundation and its partners for supporting Infrastructure development and uplifting health services in the district.

The District Commissioner recognised the social corporate responsibility Liberi Foundation is doing in the district, urging them to continue with the service.

“I am happy with what the donors’ Liberi is doing, I urge them to continue doing such projects in the district, the place is spacious and I have gone into the Wards and the pharmacy. The project is marvelous, I am happy with such developments, “he said.

Mr Jakopo said once the works are completed, the clinic will help to decongest Siavonga District Hospital as people will no longer have to travel long distances to access medical care.

“This will help us decongest Siavonga District Hospital and people will access health care,” said Mr Jakopo.

Meanwhile Namuzunga area Councillor Yousoff Siamatika is elated to see the construction of Siamatika Morden clinic by Liberi Foundation.

Mr Siamatika said the facility will help reduce the risk of other diseases as well as counter challenges of transferring patients to other nearby health facilities.

The councilor added that 5000 people will benefit from accessing health care at the facility. – ZANIS.

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Africa, China partner to fund African SMEs

By BUUMBA CHIMBULU

 A US$400 million loan agreement to support the financing of Small and Medium-Sized Enterprises (SMEs) across Africa has been signed between the China Development Bank (CDB) the African Export-Import Bank (Afreximbank).

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The agreement provides for Afreximbank to deploy the facility to support African SMEs involved in extra- and intra-African trade and those engaged in the productive sectors in the bank member states such as Zambia.

According to the agreement, the facility, which has a seven-year tenor, will be deployed either directly to eligible African SMEs that meet Afreximbank’s requirements or indirectly through local financial intermediaries.

Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank said during the signing ceremony on Tuesday in Egypt that African SMEs continued to struggle to access adequate and affordable financing for growing their businesses.

Professor Orama said the CDB facility would, therefore, help increase the level of financing available to them.

He said since Afreximbank was receiving the facility as medium to long-term funding at relatively affordable pricing, the bank would transfer the financial advantage in pricing and tenor to the end beneficiaries.

“This facility further strengthens the strategic partnership we have developed with the China Development Bank over the last six years, which has seen CDB make three previous interventions in support of our work at Afreximbank.

“It will also enable our two institutions achieve our respective mandates and developmental outcomes, which include job creation, increased economic activity and increased extra-African trade with China,” Prof Oramah said.

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Dr Francis Bwalya acquitted on all charges 

By LUCY PHIRI 

LUSAKA Chief resident magistrate Davies Chibwili has discharged Dr Francis Bwalya against all his charges in the matter he is jointly charged with former Health Permanent Secretary Dr Kennedy Malama and seven others.

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The matter is in relation to the procurement, supply and delivery of 50 ambulances.

When the matter came up for plea after it was reallocated to magistrate Chibwili, the state informed the court that they had an application to discharge the third accused person.

Bwalya, 55, has been missing court sessions on grounds that he has been unwell.

Previously, Bwalya’s lawyer, Mr. James Mataliro informed magistrate Chibwili that his client was not before court due to an illness. 

The state further submitted that they wish to withdraw charges against Bwalya who is accused number in the matter.

In this matter, Bwalya is jointly charged with Dr Malama and former Ministry of Health Permanent Secretary for Administration Kakulubelwa Mulalelo and seven others.

The accused persons are jointly charged with willful failure to comply with applicable law and procedure contrary to Section 34 (2) (b) of the Anti-Corruption Act number 3 of 2012.

Other accused persons includes: Dr. Gardener Syakantu, Dr. Muzaza Nthele, 48, of house number 2801 Meanwood Ndeke, Rebecca Ndhlovu, 60, a retiree and farmer of Zambia Airways area, Dr. Maximillian Bweupe, 51, Wilson Lungu, 37, a chief procurement officer under the Ministry of Mines and Dr. Jabbin Mulwanda.

In his ruling, magistrate Chibwili ruled that since there was no objection from the defense, he discharged Bwalya.

Magistrate Chibwili then read all the four charges and all the eight accused persons denied the charges against them.

The court has adjourned the matter to October 2, 2023 for  possible trial awaiting ruling on preliminary issue raised by defense that the accused person cannot proceed with the matter without consent from the DPP which the state have not presented before court.

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INFLATION CONTINUES TO RISE AS IT HITS 10.8 PERCENT RATE 

By VITA BANDA

THE Zambia statistics Agency (ZAMSTATS), has announced that the Annual inflation for August 2023 increased to 10.8 percent from 10.3 percent recorded in July, 2023. 

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ZAMSTATS Statistician General Mulenga Musepa, attributed the development to price movements of selected food and non-food items.

He says, the annual food inflation for August 2023 was recorded at 12.6 percent compared to 12.1 percent in September 2023.

Mr Musepa further says, annual non-food inflation for August 2023 was recorded at 8.5 percent compared to 7.8 percent in September.

He attributed the outturn to an increase in prices of non-food items such as spare parts and accessories.

“The consumer price index (CPI) for the food and non-alcoholic beverages increased by 12.6 percent between August 2022 and August 2023. This was higher than 11.3 percent recorded in the same month of 2022 and 12.1 percent recorded in July 2023. The index for clothing and footwear increased by 8.2 percent between August 2022 and August 2023. This was lower than 9.1 percent recorded in August 2022 but higher than 7.9 percent recorded in July 2023.

The CPI for the housing, water, electricity, gas and other fuels group increased by 8.2 percent between August 2022 and August 2023. This was higher than the 5.4 percent recorded in the same month of 2022 and the 7.8 percent recorded in July 2023. “The CPI for the Furnishing, Household Equipment and Household Maintenance increased by 6.1 percent between August 2022 and August 2023. This was higher than 6.0 percent recorded in August 2022 and 5.9 percent recorded in July 2023,” he says.

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Blood biomarker shows ‘great promise’ predicting progression to Alzheimer’s disease in at-risk population

Neuroscience researchers at Wayne State University published a review article that confirms the usefulness of neurofilament light (NfL) blood levels to predict the likelihood and rate of progression of neurodegeneration in Alzheimer’s disease. The review article, “The Potential of Blood Neurofilament Light as a Marker of Neurodegeneration in Alzheimer’s disease,” is published in the journal Brain.

CEC focus on closing off  historic issues with other firms as it progresses on growth agenda

By SANFROSSA MBERI

AS we progress on our growth agenda, we are focused on ensuring that we close off all historic issues with other firms, Copperbelt  Energy Corporation (CEC) Chief  Executive Officer Owen Silavwe has said.

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Mr Silavwe said, in this regard CEC and Konkola Copper Mines (KCM) agreed a solution to address the long outstanding KCM payment default. 

He said a partial reversal of the previously impaired amount of USD171.6 million was therefore made to the books of accounts.

He said an impairment of USD 35.4 million was taken on the investment in the Kabompo Hydropower Project.

” Most importantly, a one off payment was made as part of the settlement relating to the two year period CEC and ZESCO operated without an agreement. 

“|This exceptional payment resulted in a drop in cash generation from operations, which when adjusted for was comparable to the prior year,” he said.

Mr Silavwe further said that these solutions significantly de-risk the business and restored its balance sheet.

He explained that the firm continued to make significant progress in the integration of clean energy in its generation portfolio, while diligently pursuing other key strategic infrastructure investments.

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