Solwezitoday

27/12/2024

Bank of Zambia unveils K5 billion facility to boost economic resilience amid drought crisis

In a decisive move to counter the economic devastation wrought by the 2023/24 drought, the Bank of Zambia (BoZ) has launched the Stability and Resilience Facility (SRF).

The initiative, capitalized with an initial K5 billion, is aimed at stabilizing the financial...read more here: https://solwezitoday.com/bank-of-zambia-unveils-k5-billion-facility-to-boost-economic-resilience-amid-drought-crisis/ via

26/12/2024

Here is today's ZANACO'S Foreign Exchange Rate. Note: foreign exchange rate can change anytime depending on market conditions.

25/12/2024

Kansanshi Mining Plc unleashes desks for 10 Solwezi schools

Kansanshi Mining Plc spent more than K1 million on procuring 800 desks and refurbishing 600 others for 10 schools in Solwezi in 2024. The K1.2 million support also included the provision of early childhood furniture (tables and chairs) to schools in Solwezi.

The mining company has undertaken an inclusive...Read more here: https://solwezitoday.com/kansanshi-mining-plc-unleashes-desks-for-10-solwezi-schools/ via

24/12/2024

Brazil shuts BYD factory site over ‘slavery’ conditions

Brazilian authorities have halted the construction of a factory for Chinese electric vehicle (EV) giant BYD, saying workers lived in conditions comparable to “slavery”.

More than 160 workers have been rescued in Brazil’s northeastern state of Bahia, according... Read more here: https://solwezitoday.com/12430-2/ via

23/12/2024

BOZ Announces Phasing Out of Cheques by June 2026

The Bank of Zambia (BoZ) has announced a landmark decision to phase out cheques as a payment instrument in the country by June 24, 2026.

This follows extensive stakeholder consultations held between July and November 2024 in partnership with the Public Private Dialogue Forum and the Zambia Information and Communications Technology Authority (ZICTA)...Read more here: https://solwezitoday.com/boz-announces-phasing-out-of-cheques-by-june-2026/ via

21/12/2024

Local entrepreneurs undergoing EYB training

FQM Trident has started a 5-day Expand Your Business (EYB) training covering 50 suppliers. The training is being offered by the International Labour Organization (ILO) accredited trainers.

The aim is to enhance capacity for local entrepreneurs to participate more in the mining value chain. This aligns with the government call to increase local content in the mining sector.

The training was graced by the Deputy Permanent Secretary and the Solwezi City Mayor.

19/12/2024

FQM Kansanshi Reaffirms Commitment to Safety and Excellence as 2024 Concludes

As 2024 draws to a close, First Quantum Minerals (FQM) has reiterated its dedication to employee engagement and operational excellence. During a recent town hall meeting at the Kansanshi operations in Solwezi, General Manager Meiring Burger, alongside the senior management team, addressed employees with key updates, emphasising the crucial importance of workplace safety and shared responsibility.

Mr Burger stressed the need for continued vigilance in maintaining safety standards, encouraging employees to report any safety concerns to ensure a secure and productive working environment.

“Safety is everyone's responsibility, and it is through collective effort that we can maintain a safe workplace," he stated.

The town hall also celebrated the mine’s noteworthy achievements, with production exceeding its target of 150,000 tonnes of copper—a milestone Mr Burger credited to the spirit of teamwork and commitment across all departments. Looking forward, he challenged the workforce to aim even higher, setting a new target of 170,000 tonnes by the end of the year.

The meeting included updates from various departmental heads and provided a platform to recognise outstanding employees whose exceptional contributions have been integral to the mine’s success.

As FQM Kansanshi finishes the year, the company remains committed to fostering a culture of safety, teamwork, and excellence, laying the groundwork for even greater achievements in the future.

18/12/2024

Here is today's Foreign Exchange Rate. Note exchange rate can change anytime depending on market conditions.

17/12/2024

Zambia secures US$184 Million IMF disbursement following fourth review approval

The International Monetary Fund (IMF) has approved the fourth review of Zambia’s 38-month Extended Credit Facility (ECF), unlocking an immediate disbursement of US$184 million (SDR 138.8 million).

This brings total disbursements under the ECF-supported program... Read more here: https://solwezitoday.com/zambia-secures-us184-million-imf-disbursement-following-fourth-review-approval/ via

16/12/2024

ZCA, LCCI ink corporation agreement

The Zambia Chinese Association (ZCA) and the Lusaka Chamber of Commerce and Industry (LCCI) have signed a corporation agreement in a bid to promote, enhance trade and investment between the two business organisations.

Speaking during the signing ceremony held at the ZCA offices in Lusaka, LCCI President Alexander Lawrence said... Read more here: https://solwezitoday.com/zca-lcci-ink-corporation-agreement/ via

16/12/2024

UK in diplomatic contact with Syrian rebels, says Lammy

UK Foreign Secretary David Lammy has said the British government has had “diplomatic contact” with the Syrian rebel group that toppled the Assad regime.

Lammy said Hayat Tahrir al-Sham (HTS) remains a proscribed terrorist organisation, but the UK “can have diplomatic contact...Read more here: https://solwezitoday.com/uk-in-diplomatic-contact-with-syrian-rebels-says-lammy/ via

16/12/2024

Here is today's ZANACO'S Foreign Exchange Rate. Note: exchange rate can change anytime depending on market conditions.

14/12/2024

BBC complains to Apple over misleading shooting headline

The BBC has complained to Apple after the tech giant’s new iPhone feature generated a false headline about a high-profile murder in the United States.

Apple Intelligence, launched in the UK earlier this week, uses artificial intelligence (AI) to summarise and group together notifications.

This week, the AI-powered summary... Read more here: https://solwezitoday.com/bbc-complains-to-apple-over-misleading-shooting-headline/ via

13/12/2024

Macron names centrist Bayrou as French PM in bid to end political instability

President Emmanuel Macron has named centrist leader François Bayrou as France’s next prime minister, in a bid to end months of political turmoil.

A Macron ally, Bayrou is a mayor from the southwest and leads the MoDem party. Ahead of... Read more here: https://solwezitoday.com/macron-names-centrist-bayrou-as-french-pm-in-bid-to-end-political-instability/ via

12/12/2024

11/12/2024

Zambia’s Treasury unveils November 2024 Budget highlights, prioritizing development and debt management

The Ministry of Finance and National Planning has released its November 2024 expenditure report, revealing a total of K15.7 billion allocated towards developmental programs and public service delivery.

Minister of Finance and National planning Dr. Situmbeko Musokotwane stated that the funding underscores the government’s commitment... Read more here: https://solwezitoday.com/zambias-treasury-unveils-november-2024-budget-highlights-prioritizing-development-and-debt-management/ via

11/12/2024

Herr is today's ZANACO'S Foreign Exchange Rate. Note: that exchange rate can change anytime depending on market conditions.