Zambia

Zambia’s Minister of Mines, Energy and Water Development Isaac Banda from the opposition Movement for Multiparty Democracy (MMD) has relinquished his ministerial position with immediate effect, as pressure mounts for ministers appointed from the opposition to resign their posts. Banda is among the nine MMD Members of Parliament from the former ruling party who were threatened with expulsion by party president Nevers Mumba if they did not give up their ministerial positions.

President Michael Sata says former president Rupiah Banda is trying to divide Zambians on ethnic lines. Sata says he does not understand why it should be up to Rupiah Banda to decide what race, tribe and region a president should come from. The Post, quoting unknown sources wrote that Rupiah Banda wants Hakainde Hichilema and Nevers Mumba to enter into an alliance but wants it to be led by Hichilema because he doesn’t want a Bemba to rule again, MMD sources have revealed.

Zambia’s immediate past president, Rupiah Banda, says he has sent a letter to former US President George W. Bush’s offices, offering an apology on behalf of the Zambian people following a controversial debacle in Lusaka in which President Michael Sata referred to Bush as a 'colonialist'. During a ceremony held at State House in Lusaka, the Zambian capital, on Wednesday, President Sata castigated President Bush in front of an audience as a 'colonialist' who had returned to pay back the resourc...read more

Zambia's government estimates that some unscrupulous mining companies may owe the country up to $1 billion in unpaid taxes. What difference could that make to Zambia? A staggering one when we consider that Zambia’s external debt in 2011 was $1.6 billion. Countries like Zambia need fairer international tax rules to stop companies from dodging the taxes they owe, says this Christian Aid blog post.

Zambia's never ending borrowing frenzy continues under the new government without parliamentary oversight, reports the Zambian Economist. 'First we had the announcement that Government has signed a US$50 million loan agreement with the World Bank for "livestock development and animal health project". Separately, the World Bank informed us that it had approved another US$60 million credit to Zambia as part of an effort to reinforce the existing electricity transmission network...The World Bank...read more

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