Bogus Indian Investor, Vikram Reddy loses Mining Licences

The Zambian Government has cancelled mining licences of a bogus Indian Investor, Panyam Vikram Deva Reddy. This is the same Indian Investor who has the audacity to insult to a Zambian Subordinate Court where he is appealing for forgery and theft of cheques belonging to former Vikram Investments Director Vinod Yaddula. The Ministry of Mines […]

Bogus Indian Investor Insults Zambian Judiciary…serve the summons in my ass, dares Panyam Vikram Deva Reddy of Lusaka

  A BOGUS investor – Panyam Vikram Deva Reddy, posing as an influential property buyer has reacted angrily to Court Summons telling a plaintiff- VINOD YADDULA to go to ‘HELL’ or serve the judicial documents into his ‘ass’, in a Whatapp pictorial response sent from India. According to information reaching our News Desk, when the […]

Copperbelt in $450m solar investment

Copperbelt in $450m solar investment

THE Copperbelt Province is earmarked for a US$450 million investment in solar energy generation. And provincial permanent secretary Bright Nundwe has urged public officers in the province to reduce audit queries as those found wanting will be prosecuted. Meanwhile, Mr Nundwe has disclosed that the National Housing Authority (NHA) is expected to build 200 houses […]

Dsat Calls On Govt To Set-Up Innovation Hub

Dziwa Science and Technology(Dsat) Executive Director Veronica Mwaba has emphasized the need for Zambia to establish innovation hubs across the country meant for knowledge exchange. Mrs Mwabae says Government should look into the possibility of setting up innovation hubs in all the districts. This, she said will give an opportunity to vulnerable and viable young […]

Yalelo Lauds DBZ, Pays Back K31 Million Loan

Yalelo Lauds DBZ, Pays Back K31 Million Loan

YALELO Limited chief executive officer Bryan McCoy has commended Development Bank of Zambia (DBZ) for trusting the organisation with equity to enable it to address operation challenges. “When DBZ originally invested in Yalelo, we were actually a small company that was beginning to [learn] how fish could be grown in Lake Kariba. We had just […]

ZRA Owed Over K36 Billion

ZRA Owed Over K36 Billion

ZAMBIA Revenue Authority (ZRA) is owed over K36 billion in taxes by contractors, government agencies and some companies which closed, especially during the privatisation period. And Secretary to the Treasury Fredson Yamba says Government will do all it can to settle debt owed to contractors and other companies to enable them to pay taxes to […]

Turkish Firm Plans To Power Zambia With Solar

Turkish Firm Plans To Power Zambia With Solar

Turkey’s Cora Energy, a solar energy solutions provider, plans to invest US$70 million in a 50 Megawatt (MW) solar project in Zambia. Cora Energy chief executive officer, Servet Cora says the first phase of the project will involve installation of 25 MW within the first three months. He made the remarks at the Zambian Chancery […]