ZAMBIA TO KICK START PROCESS FOR IMPORTING ELECTRICITY

Posted on 25 October 2019 by Gambeta News

Zambia’s President Lungu informed his Minister of Energy to start process of importing electricity after ZECO announced rationing power. President Edgar Lungu of Zambia has informed the Minister of energy to start the process of importing electricity. This directive follows after the country was hit with a major electricity problem. The problem came up after state-owned power generating company – Zesco – announced it would be rationing power by as much as 15 hours a…

CONTRACTORS HALT ZAMBIA’s KAFUE GORGE HYDROELECTRIC DAM

Posted on 26 September 2019 by Gambeta News

Sinohydro halt construction of Kafue Gorge hydroelectric dam due to difficulties beyond its control. Construction of Kafue Gorge hydroelectric dam was put on hold by China’s state-owned Sinohydro. The dam was put on hold due to “difficulties beyond its control” according to Sinohydro. The construction which kick-off in 2015 has employed more than 5,000 people. However, it is a major blow as the country is trying to reduce it dependence on other nations. It has also…

LUSAKA CITY COUNCIL TO PENALISE DEVELOPERS IN ZAMBIA

Posted on 3 July 2019 by Gambeta News

Lusaka City Council (LCC) to penalise developers in Zambia for having uncertified buildings. Lusaka City Council (LCC) is making plans to penalise developers in Zambia. This is due to finding that developers are occupying an uncertified buildings in the state capital. According to LCC, officers will start conducting physical checks of buildings in Lusaka and slap penalties on developers found wanting. The plan is to find out individuals that are occupying uncertified buildings. Speaking during…

CONSTRUCTION OF MAJIGA-ZAMBIA TARMAC ROAD KICK-OFF IN MALAWI

Posted on 20 November 2018 by Gambeta News

Majiga-Zambia tarmac road construction set to kick-off in December which will help ease movement of people and goods. Resident of Ndirande township in Blantyre, Malawi are happy about the propose construction of the road. They are glad with the project as it will help them ease movement of good, people around the area. Meanwhile, the news was announce by the local government Chairman while inspecting the road. The construction of the road will begin in…

ZIMBABWE AND ZAMBIA AGREE DEAL FOR HYDRO-ELECTRICITY PROJECT

Posted on 9 July 2018 by Gambeta News

Batoka Gorge Hydro Electricity project deal agree by both nations. The both nations has agree a deal worth US$4,5 billion for the project. The batoka Gorge Hydro Electricity project will help bring both nations together due to the deal. Zimbabwe has also receive an interest from General Electric Africa to undertake the 1 600 megawatt power project. The project will be along the Zambezi River which is co-owned with Zambia. According to report, both nations will have a…

ZAMBIA TO START US$152,381 ROAD REHABILITATION

Posted on 14 May 2018 by Gambeta News

Zambia soon to begin a US$152,381 road rehabilitation. Zambia is planning to embark on a US$152,381 peri-urban road rehabilitation project. This is coming just after the conclusion of a road survey by the Luanshya Municipal Council (LMC) engineering department. The aim of the rehabilitation is to open up new areas for agriculture activities using locally generated resources. According to Luanshya Mayor, Nathan Chanda, the project for grading and graveling feeder roads are important not only to farmers but also in…

ZAMBIA INCREASES FUEL PUMP PRICE TO STRENGTHEN ITS CURRENCY.

Posted on 13 February 2018 by Gambeta News

Zambia fuel price increased due to the increasing international oil price to sustain and stabilize its currency The increase in Zambia’s fuel price is as a result of the rising international oil prices and the deprieciation of its currency, kwacha. The Energy Regulation Board (ERB) detailed that the pump price will increase to 13.75 kwacha per litre from 12.97 kwacha. Diesel price at 12.01 kwacha per litre rather than 11.09 kwacha. In addition, another reason…

KENYA TO DEEPEN TRADE TIES WITH NAMIBIA, RWANDA AND ZAMBIA

Posted on 29 November 2017 by Gambeta News

Newly elected Kenyan President, Uhuru Kenyatta seeking to strengthen trade ties with Namibia, Rwanda and Zambia. Speaking after his official inauguration on Tuesday, November 28th, 2017, Kenyan President, Uhuru Kenyatta who held bilateral talks with Presidents of Namibia, Rwanda and Zambia, said he plans to boost inter-regional relations with the three States. Kenya have already existing trade ties with Tanzania and Uganda, as they are major export destinations for the East African nation. Although being a power house in the tea export…

ZAMBIA – A STABLE ECONOMY WITH AN UNSUSTAINABLE DEBT

Posted on 27 October 201727 October 2017 by Gambeta News

October 24, 1964 Zambia gained independence from Britain. Fifty-Three (53) years later, we took a look into this peaceful African country. Zambia recently celebrated it’s 53rd Independence Anniversary from Great Britain on October 24th. The event highlighted Zambia’s qualities, as being peaceful while promoting unity in the Southern African Development Community. These qualities makes the economy investment attractive for it’s thriving mining industry. During the event, President Edgar Chagwa Lungu awarded and honoured ten Zambians…

AFDB GETS LAND FROM ZAMBIA FOR ITS PURPOSED BUILDING

Posted on 23 October 2017 by Gambeta News

African Development Bank secure land for its new purposed office after Zambia’s minster of foreign affairs made land available. Zambia’s Minister of Foreign Affairs has made land available for African Development Bank to construct its offices in the country. The bank has help the country to achieve its economic diversification such as transport, water, energy and agriculture. Minister of Foreign Affairs, Mr. Harry Kalaba, ”The government is excited about the opportunity to work with AfDB and…

ZAMBIA PUBLIC DEBT RISES SAY INTERNATIONAL MONETARY FUND (IMF)

Posted on 12 October 2017 by Gambeta News

Zambia at high risk of debt distress. Public debt in Zambia increased from 36% gross domestic product at the end of 2014 to 60% at the end of 2016. public debt has being rising at an unsustainable pace and has crowded out lending to private sector and increased the vulnerability of the country according to IMF. It included that the increase of foreign investors in the government market has brought financial constraint which makes the…

ZAMBIA ON A PROGRESS LANE WITH NUCLEAR SCIENCE

Posted on 19 September 201719 September 2017 by Gambeta News

African countries have made significant steps in nuclear science development under the guidance of the United Nation’s International Atomic Energy Authority (IAEA) and its key member states. IAEA organizes a rolling program of training and courses for African professionals from across the continent to gain knowledge and skills in the nuclear field. The results from East African countries are already substantial. With the help of international training and assistance Tanzanian doctors are now able to deliver…

ZAMBIA WANTS A NEW MOBILE PROVIDER TO TAKE ON MTN

Posted on 19 September 201719 September 2017 by Gambeta News

Zambia is seeking bidders for a fourth mobile licence to take on operators including market leader MTN Group in the southern African country and may even have room for a fifth, according to Transport and Communications Minister Brian Mushimba. Mushimba said, the ministry has given the go-ahead to the telecommunications regulator to start the process. The new carrier could be in place within six(6) to twelve(12) months. The current operators are Airtel, MTN and state-owned…

CHINA TO FUND US$1.2bn ZAMBIAN HIGHWAY

Posted on 12 September 2017 by Gambeta News

Zambia has launched construction of the 321-kilometer Lusaka-Ndola dual carriageway that connects the southern and central parts of the country to the mining towns in the Copperbelt province. The mega-road project which will be constructed by China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) at a cost of US$1.2bn, is funded by a loan from China’s Exim Bank. The new road when completed will improve the flow of traffic and drastically reduce accidents on…

SADC 50KM ROAD CONSTRUCTION BEGINS IN TANZANIA

Posted on 15 February 2024 by Gambeta News

Construction of a 50-kilometre strategic road that will link Southern African Development Community (SADC) countries through neighbouring Zambia is underway which will facilitate the smooth flow of goods and services in the region. Tanzania National Roads Agency (TANROADS) Rukwa Regional Manager, Ms Mgeni Mwanga said that the completion of the project will help to facilitate the movement of people services and goods within the SADC countries. “The road will relieve trucks from congestion at Tunduma…

HOW AfDB US$40M MOZA FACILITY WILL BENEFIT ZIMBABWE GOVT.

Posted on 13 February 2024 by Gambeta News

The African Development Bank’s (AfDB) US$40 million loan to Mozambique’s State-owned rail and port authority, Portos e Caminhos de Ferro de Moçambique EP (CFM), will help neighbouring countries, including Zimbabwe, the regional bank has said. The commitment by the AfDB is a corporate loan that will enable CFM to finance the purchase of rolling stock (locomotives, wagons and tank containers) for its main corridor, the Ressano Garcia railway line. This line generates more than 90%…

SPEAKER LINE-UP UNVEILED FOR THE AFRICA VALUATION CONFERENCE 2024

Posted on 5 February 2024 by Gambeta News

5 February 2024, Johannesburg. Preparations are well underway for the Africa Valuation Conference 2024, with industry experts lined-up for the most comprehensive mega-gathering of valuation professionals on the African continent. Taking place from 16th to 18th April at the Sandton Convention Centre, the international event aims to elevate the valuation profession to experience a bold new future, with attendees expected to interact with presentations on property valuation practices and standards from experts and leading speakers…

MBAMBA BAY PORT CONSTRUCTION BEGINS IN TANZANIA

Posted on 30 January 2024 by Gambeta News

The long-awaited Mbamba Bay Port construction and development project on Lake Nyasa in Ruvuma Region has kicked off. An official event for the handing over of the project took place on Sunday between the Tanzania Ports Authority (TPA) and a consultant, Anova Consulting Company Ltd, at the construction site, and was witnessed by various leaders and stakeholders of the transport sector. Speaking on behalf of the TPA Director General, Manager of Lake Nyasa Ports, Mr…

ZIMBABWE TRANSPORT MINISTER BREAK GROUND FOR RECONSTRUCTION OF 43KM ROAD

Posted on 22 January 2024 by Gambeta News

Zimbabwe’s Minister of Transport and Infrastructural Development Felix Mhona conducted a groundbreaking ceremony on 15 January for the reconstruction of a 43km section of the Shurugwi-Mhandamabwe road connecting the Midlands and Masvingo provinces. The work is being undertaken by the local Road Trackers Construction and will be completed in 12 months. The scope of the project includes the construction, upgrading, and widening of the road, which is a critical link between the Beitbridge border post…

ANE BANNED VEHICLES FROM ACCESSING SAMORAL MICHEAL BRIDGE IN MOZAMBIQUE

Posted on 8 January 2024 by Gambeta News

Mozambique’s National Roads Administration (ANE) has forbidden all vehicles from using the Samora Machel Bridge over the Zambezi river, in the central city of Tete. A statement from the ANE said the ban is intended to make possible urgent repairs to the bridge cables. The damage was caused by overloaded trucks. The latest incident with an overloaded truck occurred on Thursday night, said the ANE. “Overloading has caused early deterioration of structural elements of roads…

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