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Out-going Zambian president pardons 60 inmates

Lusaka, Zambia | Xinhua | Out-going Zambian President Edgar Lungu on Thursday pardoned 60 inmates, including those who were serving cases of defaming him. Others pardoned include lactating mothers, pregnant women, the old and the terminally-ill, among others. The inmates have been pardoned in line with the prerogative of mercy powers …

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EAC urges Kenyan, Tanzanian investors to boost cross-border trade

Nairobi, Kenya | Xinhua | The East African Community (EAC) on Wednesday called on Kenyan and Tanzanian investors to take advantage of bilateral engagements between partner states to boost cross-border trade. Peter Mathuki, secretary-general of EAC said that Kenya’s imports from Tanzania between January and June grew by about 70 percent …

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Zambian President Lungu says he won’t petition election results

Lusaka, Zambia | Xinhua | Outgoing Zambian President Edgar Lungu on Wednesday said he won’t file a petition to challenge the election results of last week’s elections. Lungu lost by more than 1 million votes to Hakainde Hichilema who will be inaugurated next Tuesday following the Aug. 12 presidential elections. Lungu, …

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$163 MILLION: Equity hits 99% in half year profits

Growth in profit after tax of 98% ($163.5 million) Total Assets growth of 50% Growth in Deposits of 51% ($7.4 billion) Growth in Net Loans of 29% ($4.6billion) Nairobi, Kenya | THE INDEPENDENT |  Equity Group Holdings Plc has announced a 98% growth in half year profits to $163.5 million (Kshs.17.9 …

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Zambian president concedes defeat, pledges peaceful hand-over

Lusaka, Zambia | Xinhua | Zambian President Edgar Lungu on Monday conceded defeat in the elections held last Thursday. The Zambian leader said he accepts the results of the Aug. 12 elections and that he will peacefully hand over power in line with the country’s constitution. Lungu congratulated President-elect Hakainde Hichilema …

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Zambian opposition leader Hichilema wins presidential election

Lusaka, Zambia | Xinhua | Zambia’s opposition leader Hakainde Hichilema has emerged as the winner in the Aug. 12 presidential election, beating incumbent President Edgar Lungu. Hichilema managed to pass the 50 percent-plus-one requirement for a presidential winner with 2,810,757 of the votes while Lungu got 1,814,201. Electoral Commission of Zambia …

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Police in Zambia appeal for calm as Hichilema takes early lead

  Lusaka, Zambia | XINHUA | The police in Zambia on Sunday appealed for calm following a spate of violence experienced in some parts of the country following elections held on Thursday. Opposition leader Hakainde Hichilema looks set for victory in Zambia’s presidential election, which the incumbent Edgar Lungu declared had …

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