Zambia News

Zambia Public Procurement Authority Director General Fired

President Hakainde Hichilema has terminated the appointment of Zambia Public Procurement Authority –ZPPA- Director General, Idah Chella with immediate effect.

This is pursuant to Article 270 of the Constitution. President Hichilema thanked Mrs. Chella for the service she rendered to the people of Zambia and wished her well in her future endeavours.

This is according to a statement issued by State House Chief Communications Specialist Clayson Hamasaka.

Source: Lusaka time

In other news – Government Pledges K1 Billion Support to InvestTrust -in Possession

Government has pledged K1 billion support to invest in possession to ensure that depositors do not lose their money Bank of Zambia (BOZ) Governor Denny Kalyalya said the Central Bank requested for government support in paying out depositors of the Investrust bank – in Possession so as to protect the integrity and stability of the financial sector.

Governor Denny Kalyalya


Dr Kalyalya said this during a Press briefing at the Bank of Zambia in Lusaka. Dr Kalyalya disclosed that at the point of taking over the bank, it had an estimated insolvency rate of K850 million. Read more

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