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Stiffer action against corruption proposed, Central Bank interest rates rise to 13.5%; see our top 10 stories of the week

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

1. President Hakainde Hichilema has appealed to the judiciary to consider giving punitive sentences to individuals found guilty of engaging in corruption. Read more….

2. In response to escalating inflationary pressures, Zambia’s Central Bank, the Bank of Zambia, has implemented a significant increase in its benchmark lending rate.Read more…

Read more: Govt ‘fights’ ERB over electricity tariff hike, Capital market closes quarter at K102.67 billion; see our top 10 stories of the week

3. Zambia has initiated consent solicitation concerning its outstanding Eurobonds, marking the next phase in the country’s debt restructuring process.Read more….

4. The Zambia Police have requested a registration certificate from the New Heritage Party (NHP) before responding to their letter seeking approval for a rally in Lusaka’s Mandevu area. Read more…

5. President Hakainde Hichilema says bilateral trade between China and Zambia has grown exponentially in the last 60 years of friendship, noting a remarkable 77.6 percent increase. Read more…

6. Government has reportedly received K1 million from Stanbic Bank Zambia, meant for disaster management and mitigation activities. Read more….

7. During a court case involving former Secretary-General Davies Mwila Patriotic Front, a witness, Catherine Mashoko, General Manager at Alliance Media, has testified that the party signed a contract worth K11.4 million for advertising services during the 2021 general elections. Read more…

8. Another body at Sensele Mine has been retrieved, bringing the total number to 14 including one survivor. Read more…

9. Former Presidential Press Aide, Amos Chanda, has been granted bail by the Lusaka Magistrates’ Court pending the determination of an appeal filed in the Lusaka High Court. Read more…

10. In the dramatic turn of the murder trial involving Jane Lusengo, accused of killing her husband, the late Zambia Air Force commander, Lieutenant General Ronald Shikapwasha, deep-seated issues of infidelity within their 46-year marriage has come to light. Read more….

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