New terminal building at Harry Mwaanga Nkumbula Airport to be completed ahead of schedule
THE construction of a new terminal building at Harry Mwaanga Nkumbula International Airport will be completed in May 2013 ahead of schedule in readiness for 2013 United Nations World Tourism Organisation (UNWTO) general assembly, Project manager Peter Kapala has said. Currently, the existing airport building has the capacity to attract 250, 000 passengers per year [...]
The Zambian government and the African Development Bank (ADB) have signed a US$50 million loan which will be used to support the Itezhi-Tezhi hydro power and transmission line project. The loan will be used towards financing the construction and operation of a 120 megawatt hydro plant at Itezhi Tezhi dam along the Kafue river. Speaking [...]
Continue reading …Zambia: ZESCO completes refurbishment work at Kariba , load-shedding to significantly ease
December 20, 2012 No Comment
Zesco has completed the refurbishing and upgrading of generator number four at Kariba North Bank Power Station which has added 180 megawatts (MW) electricity generating capacity, hugely easing load-shedding. The additional 180 mw from Kariba North Bank Power Station has reduced the national daily deficit that was initially at 250 mw to about 70 mw. [...]
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MORE than £5 billion (K40 trillion) has been illegally siphoned out of Zambia over 10 years, with most of it ending up in offshore banks and tax havens, according to a report by financial transparency campaigners. Washington-based group Global Financial Integrity (GFI) blamed crime, corruption and tax evasion for the loss of $8.8 billion (£5.4 [...]
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By MAIMBOLWA MULIKELELA – ZAMBIA’s portfolio investment abroad surged to US$3.5 million in 2011 as compared to US$0.1million the previous year. The stock of portfolio equity investment assets abroad in the first quarter of 2012 was recorded at $3.39 million and slightly went up to $3.46 million in the second quarter of the year. Bank [...]
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