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Financial irregularities rock Zambia’s procurement system, inflation surges to 13.8%; See our top stories of the week

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In case you missed them, here are our top 10 stories of the week:

1. The Report of the Auditor General on the Audit of External Debt Stock of Zambia for the financial years ended December, 31, 2006 to 2022, has uncovered significant financial discrepancies and other irregularities.Read more…

2. Zambia’s annual inflation rate has surged to 13.8 percent in April 2024 due to price movements of selected food items. Read more…

Read more: Zambia begs for K23.5 billion humanitarian aid, $30.9 million dollars recovered from high profile cases; see our top 10 stories of the week

3. One thousand megawatts (MW) solar power purchase agreement has reportedly been entered into by ZESCO and SkyPower Global. Read more…

4. The United Nations (UN) has activated an allocation of up to US$5.5 million to support Zambia’s response to an unprecedented drought. Read more…

5. The Lusaka High Court has ordered businessman, Sedrick Kasanda, to pay the outstanding debt of US$15,000 to a construction company, Alumen Fabricators, that worked on his Ibex Hill residential house. Read more…

6. Zambia will this year benefit more than US$13 million for disaster management and mitigation from the Africa Risk Insurance Programme under the African Union.Read more….

7. Football Association of Zambia (FAZ) president, Andrew Kamanga, has been arrested with three other individuals for money laundering. Read more…

8. The Ndola High Court has suspended the Football Association of Zambia ( FAZ) Annual General Meeting (AGM ) which was sheduled for this weekend. Read more…

9. Leader of Economic and Equity Party (EEP), Chilufya Tayali, is to be put on Interpol red notice, after the Lusaka Magistrates’ Court issued a bench warrant following his continued absence from court sessions.Read more…

10. Former national team player, Rainford Kalaba, has been discharged from the University Teaching Hospital (UTH). Read more….

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