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Climate Action and conservation Enthusiast has warned that the extended hours of load shedding has increased the demand of charcoal which is most likely going to encourage deforestation in the country.

Speaking in an exclusive interview with the Zambian Business Times – ZBT, Climate Action and Conservation Enthusiast Enock Mwangilwa said, the current 21 hours of load shedding will resort to people looking for alternative sources of energy which in this case will be charcoal as it is the one which is highly available and accessible to the majority of Zambians.

“When we talk about the impact of load shedding in Zambia this is not new , as it is something we have seen before except this time around it is much worse because of the terrible intense droughts that we are experiencing in our country which has affected power generation, so with the extended load shedding hours what we will see certainly is an increase in the demand of an alternative source of energy,” he said.

Mwangilwa added that there is high demand for charcoal currently, mostly in Urban areas as compared to the rural areas , making people see charcoal production as a business opportunity.

“Charcoal is on high demand in urban areas, people from rural areas are seeing it as a business and will now continue exploiting the forests by going in there to cut down a lot of trees which will then be put on the market,” he said.

Mwangilwa further stated that the extended hours will now contribute to the increase in illegal production of charcoal as many people are seeing a business opportunity in that.

“With respect to the environment it is causing huge land degradation because a lot of trees are cut down and it is also not going to help us when we talk of carbon sequestration ,which we really need in our fight against climate change meaning that we will remain with fewer trees that can help in carbon sequestration which is not good for us as well as the rain cycle as trees play an important role ,” he said.

Mwangilwa further called on the general Public to explore other alternative of resources like solar also calling on relevant stakeholders to help in the fight against deforestation by subsidizing alternative sources of energy like solar.

Climate Action and conservation Enthusiast has warned

Economist Trevor Hambayi has urged the Government to deal with the electricity shortfalls in order to curb the escalation of inflation which has now hit 15.5 percent against the 6-8 target band.

According to Zamstats, the annual inflation for August 2024 increased to 15.5 percent from 15.4 percent recorded in July 2024.

This means that on average, prices of goods and services increased by 15.5 percent between August 2023 and August 2024.

This development was mainly attributed to price movements of food items.

A disaggregation of the annual inflation by province shows that annual inflation during the month under review increased for Eastern (15.6% from15.2%); Lusaka (13.4% from 12.9%); North-western (15.1% from 15.0%) and Western Province (17.6% from 17.5).

Annual inflation decreased for Copperbelt (15.9% from 16.0%); Luapula (14.9% from 15.2%) and Southern Provinces (17.5% from 18.0%). Central and Northern provinces remained the same at 20.5% and 11.5% respectively.

Of the overall 15.5 percent annual inflation, Lusaka province contributed the highest at 3.9 percentage points followed by Copperbelt which contributed 3.3 percentage points.

Central and Southern Provinces contributed 2.1 and 1.8 percentage points respectively while Northwestern province had the lowest contribution of 0.5 percentage points.

Speaking in an exclusive interview with the Zambian Business Times (ZBT) Hambayi echoed that the major contributor to the escalation is the electricity issue and handling it accordingly will pave the way for other market interventions.

“The issue around power generation must be sorted out otherwise we will continue to have an increased cost that is transferred to the ordinary Zambians, nothing else to discuss once we have sorted this out we will begin to look at other economic metrics which is around stabilizing the macroeconomic indicators, inflation and interest rates,” he echoed.

Hambayi stated that Government must ensure there is access to capital by paying back 2.5 billion in outstanding arrears to contractors and suppliers.

Economist Trevor Hambayi has urged the Government

The Health Professions Council of Zambia (HPCZ) has revealed that the entity does not have the capacity to close Government health facilities because they have immunity despite their potential shortcomings.

While the HPCZ recently closed 10 private health facilities in Southern, Central, and Lusaka for non-compliance with annual license renewal, this action does not extend to Government health facilities.

Professor Goma emphasized that even if Government facilities breach standards, they are given the opportunity to make amends, especially considering that the Ministry of Health is committed to rectifying deficiencies.

Responding to a ZBT question as to why Government facilities remain untouched despite the foreseeable anomalies, Professor Goma echoed in an exclusive interview that the facilities have an immunity because they cutter for a wide range of services which cutter for a large populace.

“Even if the Government facility breach one of those many standards, we give them room to make amends, especially that the Ministry of Health will always prove that they are making efforts to rectify whatever is deficient in a particular institution, while as for the private they do not have such a mechanism, so when they breach we can actually close, they have private ownership which has shorter mechanisms of making decisions,” he said.

Meanwhile Professor Goma mentioned that three out of the 10 institutions that where closed, have been reopened after adhering to the stipulated procedures.

The Health Professions Council of Zambia (HPCZ)

Chilanga Cement PLC, a leading cement producer in Zambia has posted about 180 percent (177%) increase in profit and a 34 percent growth in revenue for the half year of 2024.

Amid a competitive domestic market, Chilanga Cement has demonstrated its strength and resilience by achieving a strong operational and financial performance during the half year of 2024.

Commenting on this development, Jianping Chai, Chief Executive Officer of Chilanga Cement Plc said this remarkable growth is attributed to the dedicated efforts of employees, including strategic cost saving and various marketing initiatives targeting both domestic and export markets.

“I would like to express my gratitude to our shareholders for their unwavering confidence, our customers for their continued loyalty, and all our employees for their exceptional hard work. I also extend my thanks to the Huaxin Group for its invaluable guidance and to all stakeholders for their support. I look forward to achieving outstanding company performance by the end of 2024.”

Chai said the cement industry in Zambia is anticipated to experience growth in the second half of 2024.

“This growth will be fueled by substantial investments in infrastructure projects, such as the Lusaka-Ndola dual carriageway, the anticipated revitalization of the mining sector, and favorable investment conditions. These factors are expected to drive an increased demand for construction materials.”

“Chilanga Cement continued to effectively serve its local and export markets in the midst of a challenging trading environment marked by unstable currency fluctuations, and insufficient electricity supply in the economy.”

“While competition in the Zambian cement industry remained very high, the Company increased its earnings per share to K1.16 (2023: K0.43) representing a 171% increase compared to 2023. This was achieved through the various significant production and operational cost-efficiency initiatives implemented during the year.”

Chilanga Cement PLC, a leading cement producer

The Food Reserve Agency Public Relations Coordinator has disclosed that as of 28th August 2024, the Food Reserve Agency has purchased Four Hundred Twenty-Three Thousand, Eight Hundred Forty-Eight Metric Tons (423,848MTs) of Grade A non-genetically modified (non-GMO) white maize against the country’s annual maize consumption of about about 2.8m tons.

Speaking in an exclusive interview with the Zambian Business Times Food Reserve Agency Public Relations Coordinator John Chipandwe said, the quantity of the maize purchased so far is equivalent to Eight Million, Four Hundred and Seventy-Six Thousand, Nine Hundred and Seventy-Eight Fifty-kilogramme bags of maize.

“The total value of the purchased maize as at the indicated date above was Two Billion, Seven Hundred and Ninety-Seven Million, Four Hundred and Two Thousand, Seven Hundred and Forty Kwacha (K2, 797,402,740.00)” he disclosed.

Chipandwe further explained that their target for this year was to buy 300,000 Metric tonnes of non-GMO white maize, equivalent to Six Million Fifty-kilogramme bags of maize for National Strategic Food Reserves.

“Due to the drought situation, the Agency was directed to buy more maize in order to adequately replenish National Strategic Food Reserves for sustained domestic and National Food Security.” He said

Chipandwe further stated that as of 28th August 2024 the initial budget had been exceeded and the Agency purchased 423,848 MTs of maize representing 132.8% of their target of 300,000 MTs. 

In this regard, knowing how important maize is being our staple crop, the Agency will continue buying more maize from farmers in order to restock the National Food Reserves.

Furthermore, Chipandwe called upon farmers in the Provinces that were not affected by droughts to be more patriotic and sell their excess produce to the Government through FRA.

“The Agency believes that right now, the Northern part of Zambia is the food basket hence the need for excess maize to be sold to the Agency, which will then be transported to the other half of the country to help in feeding residents of the drought-affected provinces.” He explained.

Chipandwe added that once this is done, the Agency is optimistic that the risk of food insecurity will be curbed and no one will die of hunger.

The Food Reserve Agency Public Relations Coordinator

The Central Bank’s (Bank of Zambia – BoZ) gold purchases for reserves have dropped in the second quarter of 2024 by about 20 percent compared to the gold purchased in the first quarter of 2024.

According to the Central Bank, Bank of Zambia Governor, Dr. Denny Kalyalya, In the second quarter of 2024, gold purchases amounted to US$8.6 million bringing the total holdings to US$176.7 million since the Bank started purchasing gold locally.

This is however a drop of about $2 million United States Dollars from the $10.6 million of Gold purchased by the Bank as indicated earlier during the 2024 quarter one Monetary Policy Committee announcement.

“In the second quarter of 2024, gold purchases amounted to US$8.6 million. This brings the total holdings to US$176.7 million since the Bank started purchasing gold locally.” Remarked Dr. Denny Kalyalya.

This is however despite some private gold producers like First Quantum Minerals’ Kansanshi mine where the central Bank have been largely purchasing Gold purchases recording an increase of over 55 percent in gold production.

The central Bank has been hugely relying on gold supplies from private entities due to the dormant state of the Kasenseli mine.

The Central Bank's (Bank of Zambia –

Economist Yusuf Dodia has charged that Zambia’s economic instability is sending a negative view to both local and international investors, stating that the volatile state of the economy is causing investors to think twice before commiting funds.

Speaking in an exclusive interview with the Zambian Business Times (ZBT), Dodia expressed concerns about the adverse effects of electricity disruptions and high fuel prices on the flow of investments. Dodia said the uncertainty surrounding electricity availability, fuel prices, and the exchange rate, exacerbated by prolonged load shedding, is serving as a deterrent for potential investors. He warned that unless the economy stabilizes, investors may continue to hold back on bringing their money into the country.

“The Zambian economy at the moment is unpredictable, so investors would be thinking twice about bringing their investment in the Country, about bringing their money into an economy where they are not sure about the availability of electricity, about the price of fuel, about the exchange rate, 17hours of load shedding is deterrent for most investors, they may be holding back until they see a more stable Economy,” he stated. “Any investor is looking at the regulations that we have, such as the 26 percent charge on all deposits and Statutory reserves, dedolarization policy these are all mechanisms that investors are concerned about.”

In response to the Zambia Development Agency’s announcement of 8.9 billion United States Dollars in actualized investments out of 54 billion United States Dollars over the past three years, Dodia urged for a closer examination of these figures. He emphasized the importance of scrutinizing specific investments, particularly in critical sectors like mining, where essential projects, such as KCM and Mopani Copper Mines, are struggling to secure the necessary funding to operate effectively.

He said this lack of progress in vital areas has raised concerns about the true impact of these reported investment numbers.

Economist Yusuf Dodia has charged that Zambia's

The Zambia Statistical Agency – ZSA has revealed that food and transport prices are the main groups that have recorded the highest inflation or price increase for the August 2024 overall national inflation recorded of 15.5%.

According to the August 2024 monthly bulletin availed to the Zambian Business Times – ZBT, the index for transport increased by 22.6% between August 2023 and August 2024. This was higher than the 13.3% recorded between August 2022 and August 2023.

Transport costs have taken a hit following elevated fuel prices, a situation that drives up prices in all goods and services that have a logistics and transport element.

ZSA further reported that food and non-alcoholic beverages such as soft drinks prices increased by a whopping 17.6% between August  2024 and August 2023.

This was higher than the 12.6% recorded in the same between August 2022 and August 2023, raising further concerns about most households’ abilities to meet their consumption needs.

The government has hoverer launched a food for work and ramped up its social cash transfer drive to the most vulnerable and old-age citizens, but it’s the middle class that these steep increases will hit the hardest, as wages and business opportunities remain stagnant if not declining.

Newly appointed Statistician General Goodson Sinyenga announced that overall annual inflation continued to rise reaching 15.5% for the month of August 2024.

The country has further been hit by drought that has seen agriculture and food production drop significantly. with a reduction in production of the country’s stable food- Maize which is now being supplemented through imports from Tanzania.

The Zambia Statistical Agency - ZSA has

Community Markets for Conservation (COMACO) a social enterprise that operates in Zambia to address the dual challenges of poverty and environmental degradation has continued helping food vulnerable and low income farmers to learn new farming and other livelihoods skills that do not rely on destructive practices such as poaching or deforestation.

29 ex-notorious poachers around Kafue National Park have recently undergone intensive training by COMACO in partnership with the Department of National Parks and Wildlife (DNPW) to offer alternative livelihoods such as beekeeping, gardening, livestock rearing, and conservation farming.

To help drive the adoption of these skills, COMACO has reiterated its commitment to manufacture and sell a range of food products to offer market incentives to farmers who commit to these skills by offering a higher market price for their crop surplus.

Through the tireless efforts of COMACO, a total number of 2, 212 ex-notorious poachers have so far surrendered their guns, snares, and spears in exchange for tools of hope, sustainability, and a better future.

Speaking during the transformed poachers graduation ceremony held in Mumbwa and attended by the Zambian Business Times – ZBT, COMACO Chief of Operations of Agriculture, Richard Mumba explained that COMACO began this journey in 2003, when poaching was rampant, and for many, it was the only way to provide for their families.

He remarked that in those days, the Luangwa Valley was a battleground, not just between people and wildlife, but between survival and sustainability.

“It was during those challenging times that we sat down with some of the most notorious poachers—men much who told us the truth: ‘they poached because it was the only thing they knew how to do and they lived a life of fear from being arrested, wounded, or even killed from wildlife.

From those conversations, the COMACO model was born—a model that brings market opportunities to communities in exchange for conservation efforts.”He stated that what started with 23 brave men choosing a different path has grown into a movement adding that the recent graduation of the 29 only adds to 2,183 former poachers across Zambia who have embraced a life of conservation. “And as a result, we have seen wildlife return to areas once depleted—proof that this transformation benefits us all.”

” I want to recognize that none of this would be possible without the unwavering support of the Department of National Parks and Wildlife. Their commitment to this partnership, their acceptance of surrendered weapons without repercussion, and their belief in the transformative power of education have been critical to our success. Together, we have shown that it costs less to transform a poacher than it does to arrest one, and the benefits to wildlife, to communities, and to Zambia as a whole are immeasurable.”

Mumba also commended the graduates for their courage, dedication, and commitment to a different way of life further urging them to take the lessons learned and become leaders in communities.

“Educate others about the importance of protecting our wildlife, and help those who still live in the shadows of poaching to see the light of a new future.”

Meanwhile, Director of DNPW Dominic Chiinda who graced the occasion, commended COMACO for unwavering dedication towards helping transforming different lives and families.Chiinda noted that in the past, poachers were arrested, punished, and their stories often ended in despair.

“However, through the tireless efforts of COMACO, we have chosen a path that benefits both people and wildlife—a path that offers second chances and promises a brighter future.”

“Since COMACO began its work in 2003, we have seen wildlife returning to areas where it had once vanished. And that is not just because we are protecting animals, but because we are investing in people. We are proving that when people are given the opportunity to provide for their families in sustainable ways, they will choose conservation over destruction.” Remarked Director Chiinda.

Speaking at the same event, Namukulo Hayumbu DC Mumbwa, said this is a celebration of change, hope, and the birth of a new beginning for these men, their families, and the community.She said through the partnership, “we have seen poachers—once seen as adversaries of conservation—become its greatest allies. This is proof that when people are given the tools, knowledge, and opportunities to change, they can contribute to the protection of our environment and wildlife in ways we never thought possible.”

Meanwhile, Transformed poachers’ representative, Joseph Sakuha thanked COMACO for the training giving them alternative and sustainable way of living.

Community Markets for Conservation (COMACO) a social

The Zambia Airports Corporation Limited (ZACL) says it remains committed to its vision of being a world-class safe and secure airport service provider.

Speaking during the 35th-anniversary stakeholder cocktail, graced by Minister of Transport and Logistics, Frank Tayali, and attended by the Zambian Business Times – ZBT, ZACL Board Chairperson Zevyanji Sinkala, said the corporation is focusing on investing in cutting-edge technology, expanding infrastructure, and enhancing services to ensure Zambia remains a key player in the global aviation landscape.

He said the 35th anniversary, demonstrates the corporation’s remarkable journey of perseverance, ingenuity, and growth in the aviation industry.

Sinkala expressed immense pride in the achievements of the corporation over the past three and a half decades and the bright future that lies ahead.

He recalled that founded in 1989 with a clear mission to develop, manage, and operate airports and air navigation infrastructure to international standards, ZACL has not only met but exceeded these expectations, creating a proud legacy.”

He added that despite facing unprecedented challenges in the global aviation industry, ZACL has emerged stronger, more adaptable, and more determined to continue serving as a key driver of Zambia’s socio-economic development.

The corporation’s success over the years has been attributed to the collective efforts of its hardworking employees, valued stakeholders, and unwavering support from key partners.

He said the achievements and unwavering commitment of Zambia Airports Corporation Limited over the past 35 years demonstrate its pivotal role in the country’s aviation sector and its dedication to excellence.

Meanwhile, ZACL Managing Director Ngoza Matakala said that since 1989 when the Corporation was created, Zambia Airports Corporation has evolved into Zambia’s getaway to the world.

She said from the early days of becoming operationally independent in 1991 ZACL has consistently pushed the boundaries of excellence adapting modernization and ensuring that it remains at the forefront of the aviation industry.

The Zambia Airports Corporation Limited (ZACL) says