DAILY NATION Monday May 11, 2020

DAILY

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ZNFU WARNS GOVT Price K10

Vol. 6. Issue 2595

Monday May 11, 2020

By BENNIE MUNDANDO

T

HE Zambia National Farmers Union (ZNFU) is alarmed by revelations that some millers are pushing for a duty waiver for wheat imports which will result in Zambia losing US$8 million in revenue and leave local farmers destitute once the market is flooded.

The union has since warned that it was watching to see which Government officials would

authorise a waiver, which it described as a mischief.

Early this year, millers asked stakeholders to allow them import 100, 000 tonnes of wheat so that they could blend it with the local product and then export the surplus to the Democratic Republic of Congo (DRC) where the market has been created.

The total tonnage would cost around US$40 million and is supposed to attract a 15 percent duty and a surcharge of 5 percent once imported.

What the source said

Some millers, with the help of some people in Government, are pushing for a duty waiver. If Government is going to entertain the waiver, it means that not only are we going to lose revenue in excess of US$8 million, some ungrateful millers will export more and then the local farmer will have no market for their wheat,”

...as Zambia risks losing $8m in wheat scandal. On Page 3

Government closes Nakonde border

By OLIVER SAMBOKO

GOVERNMENT has closed Nakonde border and suspended public road and railway passenger transport to and from the border town to allow mass screening for Covi-19.

Updating the nation on Covid-19 situation, Ministry of Health Dr Chitalu Chilufya said President Edgar Lungu was concerned about

the situation and had directed that Nakonde border be temporarily closed effective Monday (today).

The closure comes after the surge in Covid-19 cases in the area and to facilitate mass screening, contact tracing and to ensure that various measures were implemented to avoid further spread of the virus into and out of Nakonde which had now become the epicenter.

To Page 2

Covid-19 stats South Africa

Total test

32, 4079

Road Transport and Safety Agency and Zambia Police officers providing escort to 54 trucks from Kazungula border enroute to Lusaka to ensure drivers undergo the 14 days mandatory quarantine.

KENYA’S opposition leader Raila Odinga yesterday denounced Tanzania President John Pombe Magufuli for his Covid-19 policies that have raised fears of runaway coronavirus crisis in the region. Raila, a close friend of Magufuli, also revealed that the Tanzanian president had refused to heed advice from other regional leaders, including President Uhuru Kenyat-

ta, Uganda’s Yoweri Museveni and Rwanda’s Paul Kagame to abandon his unconventional policies on the disease.

He said his own efforts to reach out to the Tanzanian president have been futile, and Magufuli is yet to respond to messages left on his automatic answering machine.

Story on Page 3

186

267 Cases

250 24 0 220 210 20 0

Total test

10, 270

19 0 18 0 170

Recovered

Cases

267

117

Deaths

16 0 150

120 110 10 0 90 80 70

Zambia applies for IMF Covid-19 credit

3, 983

23 0

14 0 13 0

Story on Page 2

9, 420

Deaths

Covid-19 stats Zambia

270 26 0

60 50

Covid-19 positive cases by days

Raila attacks Magufuli ‘Reduce tax in over Covid-19 policies more sectors’

Recovered

Cases

Covid-19 update Cases

Deaths

Discharged

• • • • •

7

267 total cases recorded 250 tested in the last 24 hours 5 patients discharged 15 new case in the last 24hours 117 recovered

40 30 20 10 0 Day 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 Ministry of Health briefing by days

DAILY

Monday 11 May, 2020

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ZNFU warns GOVT ENGAGES MOPANI OVER Government CANCELLED CONTRACTS

.. as Zambia risks losing $8m in wheat scandal From Page 1 However, sources among millers have told the Daily Nation on condition of anonymity that there were millers pushing for a duty waiver.

“As if this is not enough, some millers, with the help of some people in Government, are pushing for a duty waiver. If Government is going to entertain the waiver, it means that not only are we going to lose revenue in excess of US$8 million, but some ungrateful millers will export more and then the local farmer will have no market for their wheat,” the source said.

The source said while there had been challenges with wheat production in Zambia due to electricity deficits, at no time did Zambian farmers fail to produce to the satisfaction of the local market.

“That US$40 million that some of our colleagues want to spend on importing wheat could be used to forge partnerships with local wheat commercial farmers to grow their capacity but we are empowering farmers from foreign countries leaving our own.

“There are some selfish millers among us who want to use the issue of COVID-19 and lying that the price of bread will

go up. This is what they have been doing even on mealie meal prices to get cheap maize from Government yet they know that not all of us are getting this maize" the source said.

But when contacted for a comment, ZNFU president Jervis Zimba urged ZRA and the Ministry of Finance to take keen interest in the matter.

Mr Zimba said his team was keenly following the matter to see which civil servant would push that retrogressive agenda.

'We are watching to see who, among the civil servants, will aid them to get away with this mischief which will defraud government of US $8 million. ZRA and the Ministry of Finance must watch and see who is pushing this agenda and for what reason.

There are some selfish millers among us who want to use the issue of COVID-19 and lying that the price of bread will go up. This is what they have been doing even on mealie meal prices to get cheap maize from Government yet they know that not all of us are getting this maize.

By SILUMESI MALUMO

G

OVERNMENT has started engaging Mopani Copper Mine ( MCM ) to ensure that contracts for some contractors which have been terminated are renewed to avert mass job losses, Ministry of Mines and Mineral Development Permanent Secretary Banarby Mulenga has said.

And Mr Mulenga said salaries for all workers attached to affected contractors have been guaranteed by Mopani for three months as the dialogue process was being undertaken.

Mr Mulenga said govern-

ment would be engaging the mining firm for 90 days in order to come up with an amicable decision.

He said in an interview yesterday, Mopani indicated that there was some operations which were expensive and would not be operationalised which had affected some contractors.

"So in 90 days we will be talking to them and we have already started engaging them and even this morning (yesterday) I was talking to Glencore. Basically this matter in terms of contractors their workers’ pay has been guaranteed for three months and they have said that while we are discussing they will fulfil

be resolved," Mr Mulenga said.

Mopani in their letter, he said, indicated that there were some projects which would not be funded in next 90 days at Anderson and Sycronorium in Kitwe and in Mindolo which had directly affected some contractors.

Mr Mulenga urged stakeholder and the media to allow the dialogue process and investigations of Labour cost, contractor cost , development cost be concluded.

“After the dialogue we shall now know the way forward for Anderson, Sycronorium and Mindolo operations will continue so that contractors can be re-engaged,” he said.

Raila attacks Magufuli over Covid-19 policies From Page 1 As a result, he warned, the closely connected region risks descending into a calamity as President Magufuli holds on to his business-as-usual call to Tanzanians.

The AU representative for infrastructure said the region's destiny is joined at the hip and no country should pull separate moves that could be detrimental to the others.

The former prime minister was speaking in an interview with British Broadcasting Corporation (BBC).

Magufuli has come under pressure for his Covid-19 policies that have divided opinion on the continent. He has disputed the efficacy of test-

ing kits in his country and last week sacked the head of the country’s National Referral Laboratory after random samples allegedly taken from animals and fruits tested positive for coronavirus.

And as cases in Tanzania soar, Magufuli has downplayed calls for a lockdown, instead encouraging his countrymen to ‘chapa kazi’ (work hard) in their farms and businesses. He has also backed a purported coronavirus herbal cure from Madagascar that is yet to be approved by the World Health Organisation.

Grossly exaggerated The president has also asked Tanzania’s to pray away the vi-

Govt prods private sector …liaise over stimulus packages

By AARON CHIYANZO

BUSINESS sector umbrella associations should establish strong liaison with relevant authorities to exploit economic stimulus facilities such as the K10 billion targeted at small and medium scale (SMEs) indigenous businesses, Finance Minister Bwalya Ng’andu has said.

This follows revelations that commercial banks had rejected the K10 billion stimulus package meant to assist businesses survive the current storm caused by Covid-19.

Commercial banks felt that the fund comes with too many conditions which will lead to Government micro-managing the institutions.

Dr Ng’andu also cited the various tax-related stimuli being administered by the Zambia Revenue Authority as another example of the cushion that Government had provided to help local businesses to stay afloat during the Covid-19 period and thereafter.

He called on the private sector and regulatory bodies to be on the look-out for possible unfair trading practices such as dumping of poor quality consumer goods due to depressed demand in many countries in the region and worldwide.

The Minister was speaking when representatives of the South Africa - Zambia Joint Business Taskforce submitted an interim

the obligations. Why they said this is that the costs of some of the contractors were too high,” Mr Mulenga said.

He also said Mopani have expressed concern on the expenses for some contracts, and therefore an analysis will be done by combined team of government and Mopani to look into the contracts.

"So what I will ask is that let people be patient and allow this dialogue going on between government and Mopani be concluded in next 90 days. Yes we know that there are some who are wondering what is happening because they have been employed by a contractor whose contract was not revewed but this will

Dr Ng’andu action report on measures aimed at increasing the supply of locally produced goods in foreign owned chain stores operating in Zambia.

Dr Ng’andu called on the private sector to be assertive in dealing with challenges currently facing the economy.

He urged the local business operators to be persistent in exploiting emergent opportunities in order to navigate their way out of economic deceleration facing the world due to Covid-19.

“We need to maintain good relationships with all investors while ensuring that we strengthen our commitment to the empowerment of our own people to the point

where they become absolutely comfortable with locally produced goods in terms of availability, quality and price,” Dr Ng’andu said.

Dr Ng’andu appealed to Zambians to increase the uptake of locally produced goods and services, noting that, many were of international standard and competitiveness.

Meanwhile, making the submission to the Minister, representatives of ZACCI, ZAM, and ZNFU stated in unison that the task force had agreed to support capacity building in the agriculture and manufacturing value chains before cascading to other sectors.

According to the representatives, this was meant to ensure that quality and availability standards were met.

They said among the deliverables agreed by the joint taskforce was that the South African team would provide a full list of items imported by the major chain stores while their Zambian counterparts would present a schedule of locally produced and supplied products.

The group told the Minister that once off-take assurances were made by the chain stores, their members would be ready to flood the foreign owned chain stores with competitively high quality locally produced consumer goods.

They also assured that measures would be instituted to protect micro-scale players like marketeers from unfair encroachment of their trading spaces by big retailers.

rus, and argued that case figures are grossly exaggerated.

Tanzania has so far recorded about 500 cases, according to official figures. Four cases were recorded in Migori County and another two in Kajiado County. The two regions are entry and exit points to and from Tanzania. Of Kenya’s new 28 positive cases recorded yesterday, four were Tanzanian nationals.

BBC’s Swahili Service quoted a member of ruling party Chama Cha Mapinduzi saying that that the president better understands the situation in his country and should be left alone to lead the fight. MP Job Lusinde Kibabaje said Magufuli’s policies have worked well so far.

John Pombe Magufuli

Nakacinda takes swipe at HH

By OLIVER SAMBOKO and PETER SICHALI

HAKAINDE Hichilema should stop using the Covid-19 outbreak as an opportunity to gain cheap political mileage, nominated Member of Parliament Raphael Nakacinda has said.

Mr Nakacinda said it was unreasonable for the UPND leader, Mr Hichilema to always criticise President Edgar Lungu and his government even when the policies being implemented were in tandem with what was required to solve a particular challenge.

He was reacting to Mr Hichilema’s sentiments that President Lungu’s decision to unlock some key economic sectors amid the Covid-19 outbreak to prevent the economy from collapsing was a sign that he did not love Zambians.

Mr Nakacinda, however, said the decision to ease the lockdown was timely as there was need for a balance between saving lives and the economy.

He said President Lungu and the people of Zambia should not pay attention to the criticism from the Mr Hichilema and MMD faction leader, Nevers Mumba, saying the two were bitter men who were envious of what the PF Government had achieved within a short period of time.

Mr Nakacinda said there was nothing positive that could ever come from Mr Hichilema as his only preoccupation was to make political capital out of everything to dupe the Zambian people into believing that he could make a good President.

“President Lungu should continue with whathe is doing aimed at ensuring that the country is safe from COVID-19 and its effects than listen-

ing to people like HH and Dr Nevers Mumba who are always criticizing what Government is doing,” he said.

Mr Nakacinda said those against the decision by the President should realize that a collapsed economy was worse than the COVID-19 outbreak.

And Equity and Equality (EPP) leader Chilufya Tayali said it was absurd, selfish and unpatriotic for National Democratic Congress (NDC) leader Chishimba Kambwili to politicize the COVID-19 fight.

Mr Tayali said it was unfortunate that Mr Kambwili was now using covid-19 to gain political mileage by unnecessarily criticising government on measures it is taking to avoid further spread of the novel coronavirus pandamic.

He said politicians like Mr Kambwili were criticising government from the comfort of their chairs without understanding the prevailing situation on the ground.

Mr Tayali said the decision by President Edgar Lungu to open some sectors of the economy would help keep the economy running in the midst of the pandemic so that it does not completely collapse.

Mr Hichilema

Monday 11 May, 2020

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ZAMBIA APPLIES FOR IMF COVID-19 CREDIT

By AARON CHIYANZO

Z

AMBIA has applied to the International Monetary Fund (IMF) for a Covid-19 related rapid credit facility, Finance minister Bwalya Ng’andu has said.

Dr Ng’andu said discussions with the IMF on the rapid credit facility were still in

motion.

He said Government had continued to exchange information with IMF on the policy choices being pursued to deal with fiscal challenges, public debt, and other macro-economic policy issues key to the country’s economic stabilisation and recovery, post Covid-19.

Dr Ng’ndu appealed to the development partners to continue supporting social-sector programmes such as the social cash transfer programme and the Girls Education Women Empowerment and Livelihood (GEWEL) Programme.

This is contained in a statement issued by Ministry of Finance spokesperson, Chileshe

Kandeta in Lusaka yesterday.

The Minister indicated that Zambia had held talks with development partners including Germany, India, Sweden, United Kingdom, China, African Development Bank, IMF and the World Bank.

Dr Ng’andu said through implementation of counter-cyclic measures and

strengthened public-private sector collaboration, Zambia would develop a sustainable value chain that would outlive the Covid-19 economic deceleration.

He also assured development partners that he would engage his counterpart at the Ministry of Justice, Given Lubinda, to ensure that pending

grant-related proposals were expeditiously processed so that disbursement processes were operationalised for the benefit of Zambians.

And Indian High Commissioner to Zambia, Ngulkham Jathom Gangte, said that the contractor for the Lusaka traffic decongestion project had been instructed to ensure that the output and final product conform to the highest standard of quality.

The envoy said this during a meeting with Ministry of Finance officials held in virtual format.

Mr Gangte said the project was a mirror of the competency and capability of the Indian private sector in road infrastructure projects.

He said the Indian High Commission was committed to nurturing the interests of both countries within the current development cooperation framework.

And Germany Ambassador to Zambia, Achim Burkhart, said the fight against Covid-19 needed worldwide solidarity and harmonized solutions.

Meanwhile, Swedish Ambassador, Anne Maj Hultgard, called on Zambia to maintain economic resuscitation and reform thrust while ensuring that transparency and accountability remained key in the overall implementation of Covid-19 mitigation and adaptation measures.

Dr Ng'andu and his team will this week continue to engage Cooperating Partners, private sector players and other stakeholders in the economy.

UCZ allows worshipping to resume but…

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THE United Church of Zambia (UCZ) has allowed congregations that meet the public health requirements to resume worship services.

In a letter Pastoral letter signed by Acting Synod Bishop Reverend, Dennis Sikazwe said gradual resumption of corporate worship services could start on May 10 2020 in sections and preferably be held in open air grounds where it would be easier to achieve the mandatory social distancing of 1 metre between congregants.

Bishop Sikazwe said the congregations that may have difficulties in satisfying the requirements of public health regulations should start putting in place all the requirements and resume worship in the buildings once they are granted permits as per the guidelines of the Ministry of health.

"All Reverends in charge of congregations should take it upon themselves and ensure that permits are obtained following the right procedures to avoid conflict with the law," Bishop Sikazwe said.

He said congregations that had huge a membership should restructure and conduct the services in accordance with health guidelines provided by the Ministry of health.

Bishop Sikazwe said the UCZ synod COVID-19 taskforce had continued to monitor the situation and would review the new measures on June 8 2020.

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Monday 11 May, 2020

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‘PLAN ADEQUATELY FOR SCHOOLS REOPENING’

By SANFROSSA MANYINDA

S

CHOOLS must put in place an effective plan that will ensure pupils adhere to COVID-19 preventive measures as examination classes resume on June 1, the National Action for Quality Education in Zambia( NAQEZ) has said.

President Edgar Lungu on Friday directed that schools should open for grades 7,9 and 12 only with strict adherence to social distancing, wearing of masks and regular hand-washing among other measures.

NAQUEZ Executive Direc-

By JOHN KOMBE ABOUT 3, 360 households in Chongwe will benefit from relief food to ease the burden during the Covid-19 restrictions, Chongwe District Commissioner (DC) Robster Mwanza has said.

According to the DC, Chongwe district has received 7620 bags of breakfast mealie meal to be distributed to the vulnerable in all the 19 wards.

The mealie meal is in 12.5kg packs.

Mr Mwanza stressed that Government was aware that the Covid-19 had affected the operations of some households and hence the continued support Mr Mwanza was speaking this when he flagged of the Disaster Management and Mitigation Unit (DMMU) food relief distribution exercise. He said that the food relief was meant to cushion the impact of Covid-19 on vulnerable groups.

tor, Aaron Chansa, said his organisation supported the President’s decision, but emphasised the need for effective planning, administratively and financially.

"While we shall not oppose the Presidential directive, we want to stress that it would be suicidal to reopen schools if the Ministry of General Education and the Ministry of Health shall fail to put in place proper preventive measures as guided by the Republican President," Mr Chansa said.

NAQEZ, he said, found reopening of schools for examination classes beneficial to the learners as well as to the

national academic life if well managed.

"For now, it is very difficult to imagine how physical distancing will be achieved as classes in most schools are overwhelmed with big numbers of pupils while many more schools have acute shortages of desks.

“Equally, most staffrooms in schools are very small and unfit for social distancing by teachers. It will be more difficult for schools, mostly in rural areas, with critical shortages of teachers to handle this situation," he observed.

Mr Chansa said NAQEZ would take special interest to

see how the Ministry of General Education and respective schools would handle the situation which he said was delicate.

Making the announcement on Friday, the President directed that learners and teachers must be fully protected from contracting or spreading the Corona virus.

He said all of them must be given masks, screened everyday and given hand washing soap.

The Head of State further demanded that all schools in the country be inspected and certified suitable for commencement of classes next month.

3, 260 Chongwe residents will receive relief food

Meanwhile, Chongwe Member of Parliament (MP), Japhen Mwakalombe, observed said Government had continued to give relief food even when peo-

ple were about to start harvesting their crops.

He said that this was a sign that Government had the welfare of the people at heart.

A beneficiary, Lucy Tembo, 81 of Libuko village thanked Government for the relief food and urged Government to continue on this path.

Lions Club of Mulungushi donated 526 cloth masks, 1 box surgical masks, 5 litres hand sanitiser and a dispenser to Chawama Level One Hospital. In handling over the donation, Lion’s club president lion Patricia Mbao said the club was delighted to present the donation to the hospital to help the patients particularly the mothers of new born babies at the maternity wing of the hospital and the children’s ward. And receiving the donation, senior nursing officer Idah Zulu thanked the club for the support it has been rendering to the hospital over the years. She said despite the hospital not making a formal request to the club, she was optimistic that the club would come to the aid of the clinic in the wake of the covid 19 pandemic.

PF will win 2021 polls - Kapata

By OLIVER SAMBOKO

LUSAKA CITY COUNCIL CITY OF LUSAKA PLANNING AUTHORITY THE URBAN AND REGIONAL PLANNING ACT No. 3, SECTION 53(2) OF 2015 OF THE LAWS OF ZAMBIA

NOTICE TO THE PUBLIC

The application may be viewed at the Office of the Town Clerk of Lusaka City Council; P.O Box 30077, Lusaka and sub mission s or observant ions on the application may be made to the planning authority without charge. Submissions or observations must be in writing and made within the period of 4 weeks begi1ming on the first date of the period for the publication of this notice being 11th May, 2020 and ending on 11th June, 2020.

Alex Mwansa TOWN CLERK For/ THE CITY OF LUSAKA PLANNING AUTHORITY Date of erection of site notice being 11th May , 2020

"

1NV7164

BENSON ZULU intends to apply for planning permission for a Change of Land use from Residential to Commercial (Storage warehouse, offices and guard house), at Sub B 806/Farm 915, Sub B 807 Farm 915 and Sub B 805 Farm 915 off Lilayi Road. Lilayi, Lusaka. The plots measure approximately 1624 square meters in extent.

WITH or without the enactment of the Constitution Amendment Bill number 10, the PF will still win the 2021 general poll with a very big margin, says Lands Minister Jean Kapata.

Ms Kapata said the Patriotic Front government has worked hard for the people of Zambia.

She said the insinuations by the United Party for National Development (UPND) that PF was pushing for Bill 10 to remain in power, was neither here or there because the ruling party has performed very well in the past nine years.

She was reacting to UPND member, Ackson Sejani, who is reported in one of the daily tabloid as saying the 2018-2021 PF strategic plan has nothing to do with development but to win next year's election.

Ms Kapata said the Bill was not meant to keep the PF in power.

She said Bill 10 was a national document meant to benefit all Zambians and it was sad that the UPND had continued lying to Zambians that the PF was pushing the bill to remain in office.

"The PF does not need Bill 10 to remain in power because there isn't any special clause in the document that is specifically inserted for the ruling

party’s continued stay in office," Ms Kapata said.

She said the PF has the mandate of the people to govern and that petty talks from UPND and its surrogates was not going to derail the government from delivering development to the citizens.

Ms Kapata said the PF would not need to campaign in 2021 because its performance was enough for Zambians to keep it in power and those wishing that there will be a change of government next year should prepare for a rude shock.

"After next year's election, Mr Hakainde Hichilema and his UPND will no longer be in existence in the political arena

because we are going to retire them," she added.

The PF does not need Bill 10 to remain in power because there isn’t any special clause in the document that is specifically inserted for the ruling party’s continued stay in office. ________________ After next year’s election, Mr Hakainde Hichilema and his UPND will no longer be in existence in the political arena because we are going to retire them.

US-based firm disburses $4.5 million in Zambia

By BUUMBA CHIMBULU

6

Monday 11 May, 2020

‘CUSHION FIRMS USING MULTILATERAL FUNDING’

By BUUMBA CHIMBULU

A

SUBSTANTIAL portion of the K2.7 billion obtained from multilateral and bilateral partners must be used to ensure that companies survive post Covid-19.

On 29 April, the World Bank, African Development Bank, United States of America and the United Kingdom, announced the provision of over K2.7 billion support to Zambia in the fight against the covid-19 pandemic.

Premier Consult Limited Chief Executive Officer, Oliver Saasa, suggested that Government should consider channelling a substantial portion of the money to ensure that smallscale, medium-scale, and including large-scale companies

By MUTISUNGE ZULU AN AGGREGATION of 1Q20 commercial banking financial statements revealed that profits sagged 45% to K233.6mn from a year ago and ebbed 27.0% lower from 4Q19. This was attributed to an uptick in credit impairments as fiscal posture amplified by COVID related shocks weighed. This was backed by a jump in expenses that eroded gains generated in the period. Downgrade risks were the heaviest driver of impairments after all three rating agencies lowered Zambia’s LongTerm Issuer Rating (LTIR) to ‘Ca’/CC/CCC by Moody’s/ Fitch/Standards & Poor’s respectively.

In the middle of economic turbulence, exceptional and solid performances were observed from the usual suspects that continue to ring fence risks in strategic fashion while some record losses were also incurred in the period. Stanbic Zambia is well ahead of the earnings race at K157.7mn while the industry recorded a record loss, Stanchart Plc at -K185.8mn. The top 5 performance score board names are Bank of China (K59.5mn), Zanaco Bank Plc (K52.9mn), Absa Plc (K45.0mn) and Citibank (K42.4mn). Our analysis recognises one bank that has shown immense resilience over the years with steady performances and adoption of digitisation and commitment to the SME sector. Indo Zambia Bank posted K36.8mn after tax earnings.

COVID amplified Zambia’s structural issues.

Most of the already existing structural issues Zambia faced pre-COVID such as balance sheet vulnerabilities (exacerbated by infrastructure spend) and energy bottlenecks (and other price related risks) where merely amplified with the advent of disease pandemic, a black- swan event that has distorted the fiscal budget for

survived post covid-19.

Professor Saasa said much as the K2.1 billion was not enough, it would assist in keeping companies afloat and survive the post covid-19 period.

“It is definitely not enough.

We are talking about approximately US$150 million (K1.2 billion). I cannot see anything less than half a billion dollars as a suitable quantum.

“The country is already very fiscally stressed, and this pandemic has worsened a lot of things. One hopes it is only the first tranche of support for Zambia,” he said.

Prof Saasa said beyond the K2.7 billion, Government also needed to explore a moratorium on debt repayments, which the International Monetary Fund and the World Bank were

Prof Saasa urging G20 countries to consider. He stressed that suspension

of debt payments, especially from China, would mean giving the Zambian government fiscal space to do something.

“If Zambia can reschedule some of its debt, especially Chinese debt, there will be sufficient headroom for Government to be able to use the retained money for other things.

“These includes meeting some of their obligations, such as Value Added Tax refunds not only for the mines, but for everybody that, right now, is stressed as a result of Government owing them money,” Prof Saasa said.

Prof Saasa indicated that there would be some money in the Government coffers for paying VAT refunds if a portion of debt repayment is suspended.

FUNDING worth over US$4.5 million has so far been facilitated by the Nationwide Equipment Company (NWE) Zambia through commercial banks for acquisition of equipment for use in the construction and other key sectors.

Zambia’s conducive socio-economic development aspirations presented an opportunity for NWE-USA for the financing of supply of equipment and project financing to local and international entrepreneurs in the country This is according to the NWE-Zambia Country Manager, Freddie Nkumbula.

NWE, based in the USA, is one of the world’s leading suppliers of both new and used equipment for agriculture, infrastructure development, heavy equipment, mining, haulage and mass housing construction, among others.

Mr Nkumbula explained that the funds were used in different construction projects in Zambia.

“The presence on NWE in Zambia is a good opportunity for more projects to be undertaken by both the government and private sectors to our national development to industrialise the country.

“We have since intro-

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Fiscal risks sag quarterly banking profits 45% in pandemic era the red metal producer. Tough times do lie ahead as COVID risks fully price into the business ecosystem.

Banks are reflecting elevated fiscal posture in widening provisions.

Credit provisioning for the 18 commercial banking industry ballooned 195.4% to K295.0mn year on year compared to 15% expansion from 4Q19. The credit impairment for Q1 reflects fiscal posture as it transmits to the financial system with credit risk models and International Financial Reporting Standards (IFRS9) which are forward looking price in an elevated credit risk environment.

Restructures, re-modelling and re-branding expenses.

Aggregated expense base excluding depreciation grew 33.0% to K1.9bn in the quarter fuelled by Standard Chartered Bank Plc’s re-modelling and restructure of some business units, Absa Bank Plc’s Africanacity rebranding as it metamorphosised in legal entity from Barclays and Zanaco Plc’s restructure program.

Rising interest costs.

Interest costs widened 38.4% to marginally under a million Kwacha with interest on deposits being key driver as the line accounted for 85%.

Of the K794.5mn aggregated interest expenses, Zana-

co Plc accounted for 16%, as Absa Plc took the second largest chunk at 13% while Indo Zambia Bank had 12% share of the expense line. With the shape of the Kwacha demand curve funding costs are on a climb which the market remains hopeful on a subside if the K10bn monetary stimulus allows for yield curve repricing (between the 12.5% – BPR plus 100bps and the current yields for bills and bonds).

The key inhibitor to yield climb down in this case will be government borrowing appetite which could likely negate the effects of an effective MLTF. Income growth robust.

Aggregate income grew 17.2% to K2.6bn supported by a 28.0% expansion in revenue from lengthened duration in government securities while that from advances was 25.0% stronger. With elevated yields on government securities more banks locked up their liquidity in bills and bonds leveraging off increased borrowing appetite from the state. The risk skew toward shorter dated higher yielding assets (treasury bills) than fixed income (bonds) has persisted. Stanbic Bank had 20% of the total income wallet while Zanaco Plc bagged 19% while Absa Plc took 12%.

Commissions and foreign exchange income.

Non - interest income grew by 38.6% to K1.1bn support-

reveals a 30.0% expansion in the industry asset book to K38.9bn while 52% of this is housed in three banks namely Absa Plc with 19%, Stanbic Zambia 18% and Zanaco Plc with 14% of the advances and loan books leaving 15 banks to share 48%. This distribution skew reveals an anomaly and inefficiency in the Zambian environment. Absa has grown its credit book by 52.2% while Zanaco Plc expanded 30.0% as Stanbic grew 26.2% compared to 1Q19.

Mutisunge Zulu ed by a 7.0% growth in fee and 97.0% spike in foreign exchange trading income. Fee and commission income expanded by a softer margin of 7.0% as the effects of the Unwarranted Fee Directives by the Bank of Zambia continues to knock earnings capacity of financial institutions. Zanaco Plc had 22% share of this income wallet with Stanbic bank rallying in second place with 19%. Trading income was a winner given the state of the global environment. Foreign exchange trading earnings jumped 97.0% to K543.0mn with Zanaco Plc leading the earnings curve with 26% of the industry share while Stanbic Bank bagged 19% of the cake.

Credit growth.

Aggregate credit growth

Cost to income.

Leaders in the cost to income curve were Bank of China (28%), Citibank (32%), Stanbic Bank (52%), Ecobank (53%), Absa Zambia (60%), First Alliance Bank (63%) and First National Bank (63%).

Banking Outlook.

First quarter performance reveals rising credit risks because of deteriorating fiscal environment amplified by a wave of disease pandemic that has crippled business pulse.

Zambia’s junk credit rating, close to the bottom compared to other African nations has resulted in a decline in credit risk appetite which is forecast to worsen in the subsequent quarters as COVID credit risks price in. The industry grapples with elevated funding costs and deteriorating credit quality of counterparts as sectors remain stressed due to health

duced our products and services to local banks in Zambia as a bridge in facilitating their clients to acquire equipment and project finance,” he said in an interview.

Mr Nkumbulu said Zambia’s Seventh National Development Plan (7NDP) multi-sectoral development had further enhanced Nationwide Group of companies’ commitment as a partner in development.

NWE, he said, had supported numerous investment projects in USA and emerging markets such as Zambia, Nigeria, Ghana, Angola and Rwanda.

Mr Nkumbula said this was done while working with the local governments, the private sector and both local and international banks in the region.

“From 2008 to date, the company has facilitated and funded strategic asset acquisitions and projects across Africa particularly in West Africa raising over US$1.3 Billion working with local governments, private sector and banks in the region,” he said.

US$1.3bn From 2008 to date, the company has facilitated and funded strategic asset acquisitions and projects across Africa particularly in West Africa raising over US$1.3 Billion working with local governments, private sector and banks in the region.

protocols such as social distancing and partial lockdowns to curb the deadly pandemic.

Asides these threats to growth, Zambia is in the middle of a power crisis and energy price risks that continue to weigh private sector pulse as evidenced

by Purchasing Managers Index readings of 37.2 (April) the weakest Zambia has seen in 5 years.

Mining sentiment remains feeble as the sector deals with energy supply uncertainties, weak prices on the London Metal Exchange, litigation and a tax environment that always been a subject of controversy.

Weak mining productivity could ripple effect to downstream businesses on the Copperbelt of Africa to suppress activity to result in potential unemployment and thereby higher cost of living condition. Second quarter performance will provide a fairer picture of COVID effects on the financial sector though some key interventions have been announced in monetary, fiscal and regulatory stimulus to manage credit, solvency, liquidity risks in addition to providing breathing space for business activity to continue. For as long as government spending remains elevated, the industry can expect to grow its interest income even wider, but this will overcrowd the industry as it is already. As players await the May Monetary Policy meetings, chances are that the 03 April measures announced by the central bank were an MPC packaged in monetary policy stimulus that came early. Bank of Zambia have little space given the worsened dislocation with the fiscal side.

The year 2020 will be a very challenging year for Zambia, for Africa and for the world.

Mutisunge Zulu is a Financial Analyst, Economist and serves as National Secretary of the Economics Association of Zambia.

Monday 11 May, 2020

SAA administrators told by court to halt severance-pay plan CAPE TOWN - South Africa’s labor court told the administrators of the state airline that they can’t force workers to accept severance payments, deepening the chaos surrounding the bankrupt company’s future.

The administrators, known locally as business rescue practitioners, were sued by the main labor unions at South African Airways. The BRPs have said there is no money to pay wages and the alternative to a process in which assets are sold to fund severance payments is liquidation, which could result in workers getting no payments. Public Enterprises Minister Pravin Gordhan has criticized the administrators’ performance and said he wants to create a new airline, without saying how. His approach has been endorsed by the National Executive Committee of the ruling African National Congress.

The tussle over SAA, which hasn’t made a profit since 2011 and has been surviving on government bailouts, is seen by investors as a litmus test of the state’s resolve to deal with indebted state companies that are draining its resources.

The government has told the administrators there is no more state money available to help the airline, which until recent route cuts flew to six continents and operated a domestic service. IOL

Coronavirus: Pandemic sends US jobless rate to 14.7% THE US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as the coronavirus pandemic devastated the economy.

The rise means the jobless rate is now worse than at any time since the Great Depression of the 1930s.

Since the pandemic began, the US has suffered its worst growth numbers in a decade and the worst retail sales report on record.

Just two months ago, the unemployment rate was at 3.5%, a 50-year low.

"It is historically unprecedented," said economist Erica Groshen, former head of the government's Bureau of Labor Statistics, who now teaches at Cornell University. "We have put our economy into a medically induced coma in order to heal it from the pandemic... and that has led to the most precipitous loss of jobs seen in any of the modern data."

The report from the Labor Department showed declines in every sector of the economy.

Leisure and hospitality was hit especially hard, with payrolls falling by 7.7 million or 47%. Employers in education and health services cut 2.5 million positions, while retailers shed 2.1 million.

The Labor Department said more than three-quarters of those without jobs described themselves as temporarily laid off, a sign that many of those currently without work are hopeful that the economy will be able to rebound.

But economists warned that the pandemic is likely to force major changes to businesses - such as limits on how many people may be in a restaurant at one time - that could reduce the need for workers. And the longer the shutdown lasts, the more likely it is that a business will not survive.

“Even a temporary layoff can turn into a permanent one if the business doesn’t survive or if the business has to change its business model so dramatically that it needs different numbers or a different kind of worker,” Ms Groshen said.

WILL THE RICH AGREE TO DEBT WAIVER IN FACE OF COVID-19 CRISIS?

I

N December 2018, President Kenyatta sat in the State House lawn, flags fluttering behind, as he smirked at journalists who had dropped the ball in a nationally broadcast interview.

“Do you know what Japan’s debt to GDP is?” he posed.

“Talk like an economist,” he pursued his prey, hammering their oversight on why they had not checked that facts. “It’s over 100 percent of their GDP.” The President had this satisfied laughter — the last one — and he proceeded to put the country’s debt question to bed. Debt is not bad he said, it is what you do with it. Japan’s debt is now 279.3 percent of their GDP, the only difference is that 95 percent of this load is owed to the Japanese.

Now Kenya’s debt is only 60 percent of GDP, but most of it is owed to foreigners, and here is where the problem JOHANNESBURG - South Africa needs to end a lockdown within weeks or Africa’s most industrialized economy could haemorrhage as many as four million jobs and contract by 16% this year, the nation’s main business group said.

The country lacks the financial resources to withstand the extended closure of companies, said Martin Kingston, head of the economic work group at Business for South Africa, which represents the country’s biggest business organizations. Safety protocols must be put in place and commerce must restart, he said in an interview.

The government compelled most businesses to shut on March 27 in a bid to curb the spread of the coronavirus.

Restrictions were marginally eased on May 1, with a move to so-called Level 4 from 5, and key industries such as mining are only operating at

lies. On April 7, a little incident went unnoticed. The world’s first mobile traded bond M-Akiba, worth Sh150 million, was paid up to 5,509 subscribers who bought tax-free bonds of between Sh3,000 and Sh1.13 million at an annual 10 per cent interest since March 2017.

This was Kenya’s shot at

becoming Japan, an attempt at funding road construction, railways, bridges, power lines and dams with locally raised money. The failure may not openly be admitted, but this issue had sought to raise Sh4.8 billion and even a second M-Akiba only managed an additional Sh187 million.

According to former

Treasury chief Henry Rotich, who had called an informal meeting with journalists to explain why Kenya was ‘overborrowing’, this was his greatest challenge. Kenya’s savings rate was 6.1 percent of GDP in 2018 down from 6.5 in 2017 and an all-time high of 11.7 percent in December 2007. - DAILY NATION, Kenya

South Africa urged to end lockdown soon as economy bleeds jobs partial capacity. Borders have been closed except for limited cargo and the number of people queuing for food parcels is growing.

A business confidence index hit its lowest level in April since South African Chamber of Commerce and Industry began compiling it in 1985.

“We are not like the European Union, or the U.S. or China, Japan” and can’t withstand a drawn-out process, Kingston said.

“We are talking about weeks, not months, to get through the levels. That is what we aspire to as business.”

South Africa has won praise for limiting known infections, the first of which was confirmed on March 5, to 8,232 so

far. The lockdown has helped buy time for the health services to prepare for an expected surge in cases. The government has said its risk-adjustment approach to reopen the economy spans six to eight months.

While the authorities haven’t indicated when they might further loosen controls, Salim Abdool Karim, an epidemiologist and chairman of a ministerial advisory group on the outbreak, told reporters on Wednesday that keeping the economy almost completely closed beyond May 1 would have served little purpose.

Government departments will need to align their views and decide how best to steer the economy, Kingston said,

adding that business is eager to cooperate and help raise funding. Sacrifices will need to be made, he said in reference to an ongoing debate on whether to try and keep the bankrupt national airline, South African Airways, afloat.

Businesses will also have to tighten their belts and may need to narrow the gap between management and worker salaries, and consider reducing dividend payments to conserve resources, he said.

“We are going to have to embark on a steeper trajectory of inclusive and sustainable growth,” he said. “We can’t expect that people are going to enjoy the lifestyles they’ve had until now in a post Covid-19 era.” - BLOOMBERG

Uber drivers face earnings drop as coronavirus bites UBER drivers are facing a drastic fall in earnings after the taxi-hailing firm stopped collecting three percent of fares as commission and returned the 25 percent fee, citing reduced business in the wake of coronavirus.

The firm has scrapped the three percent commission and reverted to the old rates, which have been contested by drivers for a long time.

Uber said the decision was due to decreased trips demand that followed the movement restrictions imposed to curb the spread of

the virus including a daily dusk-to-dawn curfew as well as closure of schools, bars and nightclubs. “We are making these changes as a result of the unprecedented times we find ourselves in, with an aim to ensure long-term sustainability of the business,” Uber said in a letter sent to drivers last week.” Uber, in October last year, adopted a new pricing model that significantly increased the cost of rides and introduced a new driver commission metric.

The new model saw ChapChap taxis pay 25

Uber “This is not permanent and our teams will continue to monitor the situation. We are committed to working with government agencies and other stakeholders on their behalf to ensure they are supported during this difficult time.” percent commission on the first 15 weekly trips and thereafter remit three percent on the remaining journeys completed. “While incentives for

drivers in Kenya will be put on hold during the Covid-19 pandemic, drivers still have access to injury protection and all our safety features such as the inapp emergency button, as well as access to 24/7 support,” said Uber spokesperson Lorraine Onduru. “This is not permanent and our teams will continue to monitor the situation.

We are committed to working with government agencies and other stakeholders on their behalf to ensure they are supported during this difficult time.” - DAILY NATION, Kenya

Monday 11, May 2020

Readers Forum

Send an email to editor@dailynation.info

You can also send contributions on any topic.

Anonymity when requested will be granted.

Send your text message to: 0967 697056/0954 328223/0972 067699

Let me increase the volume, talking infrastructure development in the health sector!

SOCIAL MEDIA HON. BOWMAN CHILOSHA LUSAMBO LOOSENING UP OF COVID-19 RESTRICTIONS, GOOD MOVE We wish to applaud the decision by His Excellency President Edgar Chagwa Lungu as announced in his national address of yesterday, May 9th 2020 to relax some Covid-19 restrictions.

Without a doubt, the steady and cautious leadership being provided by President Lungu confirms that he is the right man to lead the nation especially at such critical times....

COMMENTS Bennie Mundia: Pansaka tapabula cipuba. Instead of seeing the good in what has been post, basangamo ubwafya.

Bennie Mundia Uwu tatasha mwana wandoshi. You continue to serve us well. Kudos Mercy Mataliro Chimps Boss well done especially on the opening up of examination classes. May God keep blessing u for me. By the way boss in colleges and universities we have those who were set to write their final exams in june, please look into it that they also write their exams come june, especially in health students were supposed to sit for final next week. Please please our able leader, do something Kvd Suits Honourable Minister, bravo! We are very pleased with what you are doing to ensure that the disease does not skyrocket in Lusaka- to wit: your close supervision of personnel who patrol, monitor and ensure compliance to Covid-19 prevention guidelines. As a nation that honours God, we ought to have faith that, behind the scenes, the hand of God is working, and whatever you do, upto whatever degree, to preserve life, falls within his will. Keep it upHaggai Honour Kunda Yeah that was a great move by the President. I was happy he was able to indirectly recognise your work by saying Provincial ministers must continue with their work to fight covid19..our Kabushi MP mpaka 2099

Dear Editor,

UPND ARTIFICIAL AND STAGE MANAGED POPULARITY EXPOSED Dear editor,

T

HE UPND has been in great panic after the invasion of its perceived strongholds by the PF. The wave of resignation in western province is set evident that the party us loosing grip at grassroots level.

The deliberate act by 2021 potential PND presidential candidate, Honorable Garry Nkombo to parade councilors who voluntarily exercised their Democratic right to ditch the party is unfortunate. The UPND must learn to accept defeat and move on after the councilors have dumped the party.

As an alternative government, UPND should not be struggling parading old men before cameras to read rehearsed speeches. The UPND is living on an

Dear Editor,

GOVERNMENT can use mukula as a sovereign guarantee to raise approximately $2.5bn from China which will benefit majority citizens and the nation at large .

Davy Kaunda I just pray that we keep total social distancing otherwise this thing will kill us. And let people eat alot of vitamin c.. And more ginger, garlic and lemons.God help us.. đ&#x;™?

It is very much possible for the Zambian Government to secure funds amounting to the total sum of $2.5bn from China using MUKULA TREES as a sovereign guarantee which will benefit majority Zambians by creating business and Employment opportunities and certainly the Nation at large because that amount of money can be used to develop certain sectors in our country today.

Truthfully speaking God has blessed our Nation with abundance natural and mineral resources scattered across the country which if well administered would see Zambia having a strong economy and instantly becoming a shining example to the outside world and definitely become financially independent.

I have been wondering why we seem to be allowing our precious natural resources of great economic value to be abused by a few selected selfish and greed

Josephine Bwingi Nondo Tell them hon because u will find that now cinema and casinos and restaurants are bars u know your people with beer. I trust you please follow up on them because have seen a lot of people drinking beer at malls Kaka Boko Alarm But Mudala mulekonka promise when you tell people to come see you at your office you better see them as you told them to come see you not pa bantu ati you should come to my office then when we come you run away techisuma bonse twaliba busy big man

expired time and the time to uproot it from the political battle front is quickly approaching viciously as a Bush fire.

The decision to parade a councilor to withdraw the resignation, clearly show that the UPND’s political survival is dependent on artificial popularity.

In UPND pages, all PF loyalists are blocked and only cheerleaders are given unlimited access.

This is meant to create an impression that the party is popular when the contrary is the case.

Now that the named councilor has denied trading his resignation for money, what does this tell about UPND political strategy?

As we head toward campaigns, UPND will face rebellion both from its members and its alliance partners. They sow the

seed of rebellion and its their time to reap.

MARVIN CHANDA MBERI Youth Rights Activist Lusaka

Can Mukula be of use now

Lyton Ndiweni They will keep on waiting for their time.

This time is for #ECL and the #Signal is set for 2021 and beyond.

Twambo Muuleya The #Signal is on #ECL. This is a President for the people, by the people and with the people. #TogetherWeCanAndWeWill

Banda Patrice Jnr Whenever such pronouncements of mandatory wearing of face masks ,there some criminals who always want to ride on thi s for personal gain. They are victimizing and harrassing shop owners in the compounds , charging them money. One shocking thing is that they are doing this without wearing face masks.

Please ,look onto this as well. Where should this be reported coz some police officers and some council workers are behind this evil and barbaric behaviour.

DAILY

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individuals at the expense of majority citizens and the nation at large. It is clear that the PF GOVERNMENT is not necessarily generating the desired economic value from mukula as compared to how it can benefit if it was to use the mukula as sovereign guarantee, hence the need for our government to take the step that will benefit majority citizens and the nation at large.

Mukula trees in Zambia come third if not second in the world in terms of economic value with great demand trailing behind the mukula from India .

China has proved to be the biggest buyer of MUKULA TREES in the world giving us more reasons why this business can benefit majority Zambians if only it can be done at government level.

All that the Zambian Government has to do is to engage the Chinese Government to appeal to interested dealers in mukula who can put together money to the total sum of $2.5bn which could be given to the Zambian Government using MUKULA as SOVEREIGN GUARANTEE that will allow the Chinese Government extract

mukula to that value from our country. I know many people will say going that direction will deplete our precious mukula trees which take approximately 15 years to grow, hold on a second I got all that covered up.

To avoid depleting our mukula trees, the PF Government has to ensure that as the exercise commence when one MUKULA TREE is being cut off, two or three trees are to be planted without any compromise that will ensure that our mukula trees are safeguarded for future reference.

Using MUKULA as sovereign guarantee will create a lot of business and Employment opportunities for majority Zambians looking at the chain of people required to conduct that exercise thereby cushioning our Government from the current economic turbulence being experienced by our people and the nation at large.

Truthfully speaking using mukula as SOVEREIGN GUARANTEE will massage our Treasury that seem to be chocked at the moment with the current debts.

MAXWELL CHONGU PF DIE HARD

FOR 47 years of UNIP and MMD the people of Mafinga existed, they needed quality health services, they were getting Ill, they had to take their patients to Isoka to seek attention Pamachila covering more than 100 kilometers. It only took 8 years of PF in government to build 2 modern hospitals for the people of Mafinga, one in Mafinga and the other one at Muyombe.

For 47 years of UNIP and MMD the people of Chilubi district existed and had settled in numbers there. They went through hell, covering more than more than 100 millimeters carrying their sick loved ones to Luwingu pamachila(on a bicycle with a traditional bed made of sticks) to Luwingu. In some instances, they sailed across rivers and lakes to Lubwa mission hospital and mostly people lost their lives as a result. But it has only taken 8 years of PF in power to see the need to build 2 state of the art hospitals in chilubi, one on the island and the other one on the mainland.

These are just two districts, and there are tens and tens of new hospitals that the PF government has built across the country and in all the districts which for 47 years where neglected. By August 2021, the PF government is going to build more hospitals than what previous governments had built in 47 years.

This is what we refer to as accelerated development, coupled with the love for people.

A government that cares for its people will ensure that they are healthy and have ease access to qualify medical services because a healthy nation is a productive nation.

There will never be a great economy where the drivers of the economy themselves {the citizens) have poor health services.

We don’t change the top scorer anyhow, let’s join hands and support the working government .

KWAELA M MWANZA. Grassroots Campaigns and Mobilisation Strategist.

Millennium Radio

On Air: +260 962 870921 Marketing: +260 953 448551

DAILY

Monday 11 May, 2020

PUBLIC NOTICE

KINGPHAR COMPANY ZAMBIA LIMITED (Under Supervision by the High Court & Commencement of Business Rescue Proceedings)

2ND NOTICE TO CREDITORS AND AFFECTED PERSONS COMPANY UNDER SUPERVISION FURTHER TO THE NOTICE to Creditors and other affected persons published on the 28th day of April, 2020 this is to inform all affected persons that the Company remains under Supervision and Business Rescue Proceedings commenced on 21st April, 2020.

REASONS WHY COMPANY IS UNDER SUPERVISION The Company is financially distressed and unable to pay back its loans or meet its financial obligations. Some of its Creditors include public funds such Development Bank of Zambia (DBZ) as well as several creditors both in Zambia and China who have been unable to recover their monies from the Company.

For this reason, the High Court appointed Lewis Chisanga Mosho to rescue the Company, rehabilitate it so that it can remain a going concern and be able to pay back public funds (tax payers’ money) and other monies owed to other Creditors.

SHAREHOLDERS AND DIRECTORS The Company shareholders and directors have been resisting the Business Rescue Proceedings. The Business Rescue Administrator is currently compiling a report about the Company’s activities that have affected the business and which activities have led to the Company becoming unable to pay back public funds and other monies borrowed.

STATUS OF BUSINESS RESCUE PROCEEDINGS The Company is in discussions with some investors from China and Zambia who are ready to work with directors and shareholders to turn around the Company subject to approval of a Business Rescue Plan by affected persons and the High Court. These negotiations would have been completed by now save that the shareholders and directors have been frustrating the process.

Business Rescue Proceedings are not only for the benefit of Creditors who include public funds but also for the benefit

of shareholders and directors themselves. The Proceedings are meant to keep the Company as a going concern rather than taking the Company into liquidation.

NOTICE OF MEETING OF CREDITORS AND AFFECTED PERSONS About 99% of Creditors of the Company confirmed their attendance of Creditors meeting which was scheduled to be held on 7th May, 2020. This meeting was however not held due to an Interlocutory Injunction that was obtained by shareholders but which Injunction was subsequently discharged by the High Court. All affected persons who confirmed the attendance have been notified to hold this meeting on 11th May, 2020 at 10:00 hours via ZOOM (because of COVID19 pandemic as well the fact that some affected persons are in China).

Following this meeting the Business Rescue Administrator shall develop a Business Rescue Plan for approval by affected persons for implementation. All shareholders and directors have a right to participate just like any affected persons as defined under the Corporate Insolvency Act No. 9 of 2017.

FURTHERMORE TAKE NOTICE that by virtue of the commencement of Business Rescue Proceedings all rights of claimants against the Company and or in respect of property thereof including those relating to enforcement of debentures by way of appointing a Receiver have been suspended following the commencement of Business Rescue Proceedings.

Contact details: The Business Rescue Administrator Kingphar Company Zambia Limited 758 Independence Avenue Email: info@lewisnathan.com Tel/WhatsApp: +260 969 903 249 Woodlands LUSAKA

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Monday 11, May 2020

Kopala/North-Western/Mosi-Oa-Tunya News

3 KANKOYO MARKETS MISMANAGE FUNDS T

By ROGERS KALERO

RADERS in markets in Mufulira’s Kankoyo constituency have mismanaged the revolving fund provided by their area Member of Parliament (MP), Brian Mushimba.

Chibolya, Butondo and Kankoyo markets had mismanaged the K40,000 each while Zimba market had handled the revolving funds according to the guidelines.

Mr Mushimba, who is also Higher Education Minister, said he had given K40,000 each as revolving fund to Chibolya, Butondo, Kankoyo and Zimba markets.

In an interview in Kitwe, the MP said the money was aimed at boosting the

capital base of the marketeers and to alleviate poverty in the communities.

He was disappointed that traders in the three markets could not utilize the opportunity properly and stressed the need to change their mind-set.

"Well, I am disappointed that marketeers could not put the funds I gave them to good use, but I can't blame them because, according to them something from the government or the MP should be squandered and no one would take them to task "This is the mind-set which Zambians need to change and ensure that if an opportunity is given to them, they should put it to good use because poverty alleviation needs concerted efforts from the Government and the citizens,'' he said.

Meanwhile, Mr Mushimba said more

Mr Mushimba

“My plea is that we need to work together in addressing challenges like poor infrastructure, poverty and hunger when opportunities are presented to us. When you are given revolving fund, use it properly,’’

than K300,000 would be spent on the construction of a maternity wing at Luansobe using the 2019 Constituency Development Fund (CDF).

He said the constituency would also spend K260,000 to sink four industrial boreholes in Kankoyo Central and Butondo.

"Apart from drilling the four boreholes and the maternity wing, the CDF will also be looking at completing the phase two of Butondo recreation facility. So, as area MP, I will always be looking for the support of the people in delivering my campaign promises,'' he said He said the construction of a maternity wing and the upgrading of some primary schools into secondary schools was a clear indication of his desire to improve health and education standards "My plea is that we need to work together in addressing challenges like poor infrastructure, poverty and hunger when opportunities are presented to us. When you are given revolving fund, use it properly,'' he said

ROAD TRANSPORT AND SAFETY AGENCY

PUBLIC NOTICE

RTSA UNVEILS ONLINE PAYMENT PORTAL We are pleased to announce the immediate availability of the Road Transport and Safety Agency (RTSA) Online Services Portal on a ‘pilot basis’ under the Government Services Bus (GSB) and Payment Gateway with support from the Ministry of Finance and Smart Zambia Institute.

The following Services are now available and can accessed online from any Internet enabled device.

https://zampass.gsb.gov.zm/register https://zamportal.gov.zm/ http://eservices.gov.zm

Date: 16th April, 2020

E22042020

For any queries contact the RTSA on 0211228798 or Email askrtsa@rtsa.org.zm or visit Facebook/askrtsa.com or website: www.rtsa.org.zm

The Head – Public Relations For/ Director and Chief Executive Officer Road Transport and Safety Agency 7th Floor, Premium House LUSAKA

By ANDREW MUKOMA MAAMBA Ward Development Committee (WDC) in Sinazongwe has charged that authorities in the area have not been aggressive in the fight against Coronavirus (COVID-19).

The committee feels that there is an information gap in most rural areas.

WDC Chairman Reuben Shitu said it was surprising that the fight against COVID-19 was concentrated in urban areas where there was easy access to COVI-19 information.

In an interview with the Daily Nation, Mr Shitu said that it was worrying that awareness programmes were concentrated much in urban areas.

He said that in an event that rural areas were affected with COVID-19, the situation would much difficult to control because people lacked information.

Mr Shitu said that it was only fair that COVID-19 sensitization was also rolled out to Maamba and other hard to reach setup.

The chairman said COVID-19 sensitization should uniformly be spread out because everyone was a potential patient of the pandemic.

Mr. Shitu said that regular washing of hands and social distancing was still a challenge for most Maamba residents, attributing the ignorance to lack of access to educative information and materials.

By MUYANI SHINJABALE

You will need to register and create an account on the portal to be able to access and apply for these services via the link https://zampass.gsb.gov.zm/register

Authorised for display and publication by:

Maamba cries for COVID-19 awareness materials

WCFCB stakes K1m for Covid-19 fight

Driver's Licence (Renewal and Duplicate) Roadworthiness Application ("Road Fitness Test") Motor Vehicle Licence ("Road Tax") Motor Vehicle Registration – Temporal Registration

Useful links: User Registration page: Digital Services homepage: e-Services Directory page:

DAILY

10

WORKERS Compensation Fund Control Board (WCFCB) in Ndola has staked K1million to finance the fight against Covid-19.

WCFCB Corporate Affairs Manager, Maybin Nkholomba, said his organisation had created the K1million fund to finance Covid19 activities in the country.

He indicated that from the same amount, about K350,000 had been donated to the Ministry of Health to finance covid-19 activities.

He was speaking in an interview in Ndola.

Mr Nkholomba said that assorted items such as hand sanitizers, liquid hand wash soaps and masks worth K36, 000 had also been donated to the Copperbelt Provincial administration in Ndola.

He said an assortment of medical items had also been procured to protect about 100 physically disabled persons from contracting the virus.

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Africa 62,673

2,246

22,032

Confirmed cases

Deaths

Recovered

Global overview 4,134,064 281,147

1,455,657

Confirmed cases

Recovered

Deaths

TANZANIA TO SUBJECT MADAGASCAR COVID-19 MEDICINE TO CLINICAL TRIALS

T

ANZANIA will not administer the medicine which was yesterday collected from Madagascar on patients until a clinical trial has been carried out by the National Institute for Medical Research (NIMR).

Speaking today at a news conference in Dar es Salaam, Tanzania’s foreign affairs minister Prof Palamagamba Kabudi who led the team to Antananarivo said the task at hand starting from today is to research and analyse the medicine before putting it to use.

“I want to make it clear among Tanzanians that we haven’t come with medicine to distribute among the citizens, rather we have brought a consignment for research and analysis,” said Prof Kabudi According to him, the eight red colored boxes consists medicine produced for prevention purposes while the four green colored boxes consist with the medicine for use by those confirmed to have

CATHOLIC clergy in Embu have held a memorial prayer service at the home of Bishop Emeritus Silas Silvius Njiru who succumbed to Covid-19 in Italy last week.

Embu Bishop Paul Kariuki, who celebrated the mass on Saturday, said it was meant to condole relatives who could not travel to Italy for the interment due to the current travel restrictions.

Among those present at Kevote Catholic Church were the late bishop’s sister, Ms Rosemilia Weruma, his step-sister Mrs Patricia Ndwiga, who is Embu Senator Njeru Ndwiga’s wife, and a handful of clergy.

Bishop Kariuki said they were in discussions with Bishop Salesius Mugambi of

contracted the disease.

“They didn’t provide us the medicine that is ready for use. Nobody in the delegation tested the medicine, it was only me with my Madagascar counterpart just as the demonstration of our respect for the donation,” he said.

He reiterated that the medicine has come for preliminary research and analysis that will be done by a team of Tanzani-

an experts who will be assisted by other on the President’s instructions.

The rush to get the medicine was a quick one the minister’s phone has not stopped ringing since he returned.

“I have received many calls, WhatsApp messages as well as many text messages from people requesting for the medicine. Please, I have no medicine with me for distri-

bution. We have come vdth a consignment that allow us to do some research and analysis,” said the former University of Dar es Salaam don.

He insisted that it is a scientific medicine, that’s why they were accompanied by experts.

SOURCE: DAILY MONITOR

Memorial mass for Bishop Silas Njiru held at his Embu home Meru to bring the body from Italy for interment in a cathedral in Kenya.

Bu he noted that the process of bringing the body to Kenya could take up to 15 years due to the procedure involved. Bishop Njiru, who died at the age of 92, served in Meru from 1976 to 2004.

Ms Ndwiga eulogised Bishop Njiru as a supportive family member, who assumed a parental role following the death of their father Simon Kanake.

On Tuesday, the clergy

in Meru held a memorial service for the late bishop emeritus. Meru Bishop Salesius Mugambi later placed a picture of the late bishop on top of a crypt which will be opened for public viewing.

“Today was the main mass where we were coming to pray for him and remember that he stayed here for 26 years. As a diocese, we were coming together to bury Bishop Silas and celebrate the things he did for the diocese,” he said.

SOURCE:DAILY NATION

Coronavirus: Obama says US response a 'chaotic disaster' FORMER US President Barack Obama has strongly criticised his successor Donald Trump over his response to the coronavirus crisis.

In a private conference call, he called the US handling of the pandemic "an absolute chaotic disaster".

His remarks were made while encouraging former staff to work for Joe Biden's presidential election team, CNN says.

The White House said in response that President Trump's "unprecedented" action had "saved Americans' lives".

During the call, Mr Obama said his Republican succes-

sor's approach to government was partly to blame for the US response to coronavirus.

"It would have been bad

even with the best of government," he was quoted as saying in the call. "It has been an absolute chaotic disaster when that mindset of

'what's in it for me' and 'to heck with everybody else', when that mindset is operationalised in our government."

Mr Obama also strongly criticised the decision to drop criminal charges against former National Security Adviser Michael Flynn. More than 77,000 people have now died and the US has 1.2m confirmed cases both by far the highest in the world.

Many states introduced lockdown measures in March but have now lifted restrictions, allowing people to return to work.

SOURCE:BBC

DAILY

Covid-19 Pandemic

Monday 11 May, 2020

OVER 62,026 CASES IN OVER 55 COUNTRIES Country South Africa Egypt Morocco Algeria Ghana Nigeria Cameroon Guinea Senegal Ivory Coast Djibouti Sudan Somalia Tunisia Mayotte DRC Niger Burkina Faso Mali Kenya Gabon Guinea-Bissau Tanzania Equatorial Guinea Réunion Mauritius Chad Benin Sierra Leone Rwanda Congo Zambia Ethiopia Cabo Verde Sao Tome and Principe Liberia Madagascar Eswatini Togo CAR South Sudan Uganda Mozambique Libya Malawi Angola Eritrea Zimbabwe Botswana Gambia Namibia Burundi Comoros Seychelles Mauritania Western Sahara

Total Cases

Total Deaths

Total Recovered

Active Cases

Total Tests

9,420 8,964 6,038 5,558 4,263 4,151 2,579 2,042 1,709 1,667 1,189 1,164 1,054 1,032 988 937 815 748 692 672 661 641 509 439 431 332 322 319 307 280 274 267 239 236 208

186 514 188 494 22 128 114 11 18 21 3 64 51 45 11 39 45 48 37 32 8 3 21 4

3,983 2,002 2,545 2,546 378 745 1,465 698 650 769 834 119 118 660 492 130 617 569 298 239 110 25 183 13 354 320 53 62 67 140 33 117 99 56 4

5,251 6,448 3,305 2,518 3,863 3,278 1,000 1,333 1,041 877 352 981 885 327 485 768 153 131 357 401 543 613 305 422 77 2 238 255 222 140 231 143 135 178 199

324,079 90,000 64,836 6,500 155,201 23,835

199 193 163 153 143 120 116 91 64 56 43 39 36 23 20 16 15 11 11 8 6

20

79 101 14 87 10 2 55 34 24 14 13 37 9 12 9 11 7

Total: 62,673

10 31 2 18 10 7 5 2 5

1

10 6 5

100 92 147 56 133 118 61 57 37 39 28 2 23 10 10 5 7 10 1 1 1

2,246

22,032

38,395

2 10

3 3 2 4 1 1 1 1

18,969 12,312 15,056

29,297 4,000 5,515 2,172 31,041 724 1,500 854 17,200 69,773 19,474 41,385 10,270 34,860 791 175

3,968 714 10,094 3,498 1,247 56,767 3,923 3,093 1,188 3,000 20,537 9,540 849 1,543 284

1,842

Researchers find traces of coronavirus in semen: What this means for Covid-19 and sexual transmission TRACES of the novel coronavirus have been found alive in the semen of infected males.

A recent study conducted

by Chinese researchers on a group of 38 men infected with Covid-19, found that six (about 16%) of the infected patients also tested positive for the virus in their semen – which increases the chances of the virus possibly being sexually transmitted, The Guardian reports.

A team of researchers from China’s Shangqiu municipal hospital who were led by Dr Weiguo Zhao, found that of the six men who tested positive for the novel virus in their semen, four of the patients were in the acute stages of the virus while two had already recovered, CNN reports.

“We found that SARSCoV-2 can be present in the semen of patients with Covid-19, and SARS-CoV-2 may still be detected in the semen of recovering patients,” the researchers noted in their findings which were published on 7 May in the journal JAMA Network

Open.

“Even if the virus cannot replicate in the male reproductive system, it may persist, possibly resulting from the privileged immunity of testes,” the team added referring to the inability of the immune system to reach its optimum level to attack viral invaders.

The results of the findings come as no surprise. Previously, traces of the virus have been found in body fluids and even in stool, according to Dr Ryan Berglund, a urologist at Cleveland Clinic’s Glickman Urological and Kidney Institute, CBS News reports.

“I think that’s premature,” Dr Berglund said, referring to the findings.

“You have to look at this as a sign that semen, as along with a number of other body fluids, can contain the virus.”

But the study does raise many questions. For example, the research didn’t examine whether the virus can be sexually transmitted nor did it detail the viral load that was present in the semen, Wall Street Journal reports.

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DAILY

12

Monday 11May, 2020

Daily Nation, Educating Zambia!

The figure below shows two geometrically similar cylinders.

D

H

d

h

SENIOR MATHEMATICS

!

TOPIC: GEOMETRICALLY SIMILAR FIGURES:

(a) Corresponding angles are equal (b) Corresponding sides are proportion (They are in a simple ratio).

Similarity of figures help in determining the sides which cannot be measured directly. The focus will be on determining the missing sides of geometrically similar figures.

6cm

A h=4cm B

b =3.2cm !

#

Ratio of heights can be presented as H:h= " . The ratio of bases can be presented as B:b=$

B: b=8cm:3.2cm divide by the common factor to reduce the numbers to the lowest terms

#

Therefore " = $

3456 7856

reduce the fraction to the lowest term

V456

! " The ratios = is true for geometrically similar figures. # $

Example 1.

Figure 1.1 shows two geometrically figures.

1

6cm

B C Q 2cm R đ?‘¨đ?‘¨đ?‘¨đ?‘¨ đ?‘Šđ?‘Šđ?‘Šđ?‘Š đ?‘¨đ?‘¨đ?‘¨đ?‘¨ đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ = đ?’?đ?’?đ?’?đ?’? =

���� ���� ���� ����

đ?‘Šđ?‘Šđ?‘Šđ?‘Š đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;? đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;” đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;? = đ?’?đ?’?đ?’?đ?’? =

đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;? đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;” đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;? đ?‘Šđ?‘Šđ?‘Šđ?‘Š 12đ?‘?đ?‘?đ?‘šđ?‘š Ă— 2đ?‘?đ?‘?đ?‘?đ?‘? = 6đ?‘?đ?‘?đ?‘?đ?‘? Ă— đ??ľđ??ľđ??ľđ??ľ đ??ľđ??ľđ??ľđ??ľ =

24đ?‘?đ?‘?đ?‘šđ?‘š 8 = 4đ?‘?đ?‘?đ?‘?đ?‘?

6đ?‘?đ?‘?đ?‘?đ?‘?

Solution Example 2 Figure 2 .1 shows Triangle PQR. TS is parallel to QR. PT=6cm TS=2cm QR=5cm.

đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ đ?‘ťđ?‘ťđ?‘ťđ?‘ť đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ Solution = đ?’?đ?’?đ?’?đ?’? =

đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ đ?‘¸đ?‘¸đ?‘¸đ?‘¸ đ?‘¸đ?‘¸đ?‘¸đ?‘¸ đ?‘ťđ?‘ťđ?‘ťđ?‘ť đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ đ?‘ťđ?‘ťđ?‘ťđ?‘ť = đ?’?đ?’?đ?’?đ?’? =

đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“ đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;” = or = đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ đ?‘¸đ?‘¸đ?‘¸đ?‘¸ đ?‘¸đ?‘¸đ?‘¸đ?‘¸ đ?‘ťđ?‘ťđ?‘ťđ?‘ť đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;” đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;? đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“ đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?

6cm

����

đ?‘ƒđ?‘ƒđ?‘ƒđ?‘ƒ =

Q 5cm R

(i) (ii)

đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“

����

đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”

2đ?‘?đ?‘?đ?‘?đ?‘? Ă— đ?‘ƒđ?‘ƒđ?‘ƒđ?‘ƒ = 6đ?‘?đ?‘?đ?‘?đ?‘? Ă— 5đ?‘?đ?‘?đ?‘?đ?‘? đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;” = đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;? or đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“đ?&#x;“ = đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?

T 2cm S

Find

8

30đ?‘?đ?‘?đ?‘šđ?‘š 2đ?‘?đ?‘?đ?‘?đ?‘? Ă— đ?‘ƒđ?‘ƒđ?‘ƒđ?‘ƒ = 6đ?‘?đ?‘?đ?‘?đ?‘? Ă— 5đ?‘?đ?‘?đ?‘?đ?‘? = 15đ?‘?đ?‘?đ?‘?đ?‘?

2đ?‘?đ?‘?đ?‘?đ?‘?

30đ?‘?đ?‘?đ?‘šđ?‘š 8 đ?‘ƒđ?‘ƒđ?‘ƒđ?‘ƒ = = 15đ?‘?đ?‘?đ?‘?đ?‘?

PQ=15cm 2đ?‘?đ?‘?đ?‘?đ?‘?

���� = ���� + ����

PQ=15cm

đ?‘ťđ?‘ťđ?‘ťđ?‘ť = đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ − đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ = đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;? − đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;” = đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;— đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ = đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ + đ?‘ťđ?‘ťđ?‘ťđ?‘ť

đ?‘ťđ?‘ťđ?‘ťđ?‘ť = đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;— đ?‘ťđ?‘ťđ?‘ťđ?‘ť = đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ − đ?‘ˇđ?‘ˇđ?‘ˇđ?‘ˇ = đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;?đ?&#x;? − đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;”đ?&#x;” = đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—

PQ TQ

đ?‘ťđ?‘ťđ?‘ťđ?‘ť = đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—đ?&#x;—

TASK 1

1. The diagram below shows triangle XYW. VZ is parallel to WX. VZ=8cm WX=12cm TASK 1 2 WY=36cmXV=10cm.

1. The diagram below shows triangle XYW. VZ is parallel to WX. VZ=8cm WX=12cm

X V Y WY=36cmXV=10cm.

12cm 8cm X V Y Z 36cm 12cm 8cm W Find

Z 36cm W

(i) ZY Find (ii) XY (i) ZY 2. Two geometrically similar circles have circumferences 30cm and 24cm respectively. If the (ii) XY larger circle has radius 10cm. Calculate the radius of the smaller circle.

2. Two geometrically similar circles have circumferences 30cm and 24cm respectively. If the PRISM larger circle has radius 10cm. Calculate the radius of the smaller circle.

Similarity of prisms. The properties of geometrically similar figures can be applied to prisms. Models PRISM of objects are made based on similarity. For example, the model of a house or car is a geometrically Similarity of prisms. The properties of geometrically similar figures can be applied to prisms. Models similar to the actual car or house. of objects are made based on similarity. For example, the model of a house or car is a geometrically

similar to the actual car or house.

The figure below shows two geometrically similar cylinders.

3

3 D

H

d

The ratio H:h is equal to the ratio D: d or H: D =h: d !

R

!

"

This can be written as " = S or R = S

h

U

V856

or W56 =

V456

T

!

"

U

12đ?‘?đ?‘?đ?‘?đ?‘? Ă— đ?‘&#x;đ?‘&#x; = 10đ?‘?đ?‘?đ?‘?đ?‘? Ă— 6đ?‘?đ?‘?đ?‘?đ?‘?

5 = 5: 2 2

A

12cm P

=

W56

đ?‘&#x;đ?‘&#x; =

60đ?‘?đ?‘?đ?‘?đ?‘? 8 = 5đ?‘?đ?‘?đ?‘?đ?‘?

12đ?‘?đ?‘?đ?‘?đ?‘?

10 4đ?‘?đ?‘?đ?‘?đ?‘? âˆś = 5: 2 2đ?‘?đ?‘?đ?‘?đ?‘? 2đ?‘?đ?‘?đ?‘?đ?‘?

8cm: 3.2cm =Since one number of the ratio has one decimal point , multiply by 10 each number of the

V856

H:h=10cm: 4cm divide each value by the common factor to reduce the numbers to the lowest terms; in this case it is 2cm

ratio as 8đ?‘?đ?‘?đ?‘?đ?‘? Ă— 10: 3.2 Ă— 10 = 80đ?‘?đ?‘?đ?‘?đ?‘? âˆś 32đ?‘?đ?‘?đ?‘?đ?‘? =

!

Using the property of side ratio " = U or T = U

H =10cm

P

Example 1

10cm 12cm

(a) Identification of similar triangles:

B= 8 cm

"

Find BC

!

Two geometrically similar cylinders have height 12cm and 10cm respectively. If the larger cylinder has radius 6cm. Find the radius of the smaller cylinder.

In a pair of similar triangles one is an enlargement of the other.

!

R

Figures are said to be similar if they satisfy the following properties

The ratio H:h is equal to the ratio D: d or H: D =h: d

This can be written as " = S or R = S

4

Wednesday 6 May, 2020

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Monday 11 May, 2020

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DAILY

Monday 11, May 2020

P

R O M I N E N T Cameroonian human rights activist Beatrice Titanji leapt for joy when a major secessionist group declared a ceasefire on 29 March to protect people from the "fury" of coronavirus in the central African state's Englishspeaking heartlands, but her hopes have since been dashed as fighting continues to rage.

"It's a scary situation.

Thousands are trapped in the

CAMEROON'S DEADLY MIX OF WAR AND CORONAVIRUS bushes," Dr Titanji told the BBC. "How do we tell them about Covid-19?" she added.

The Southern Cameroons Defence Forces (SCDF) unilaterally declared the ceasefire, following an appeal by UN chief António Guterres for conflict to end across the world.

"The fury of the virus illustrates the folly of war," he said.

"It is time to put armed conflict on lockdown and focus together on the true fight of our lives," Mr Guterres added.

However, none of Cameroon’s other secessionist groups, estimated to number at least 15, have heeded the appeal. The Ambazonia Governing Council, which is one of the biggest groups, said a unilateral ceasefire would

open the way for government troops to march unopposed into territory under its control.

Cameroon’s government, led by the French-speaking President Paul Biya, has not declared a truce either and, to the dismay of aid workers, has banned humanitarian flights, along with commercial flights, in its efforts to curb the spread of the virus. “If we

don’t have the means to reach out to people and give them food and medication, many of them are going to suffer. They will die of hunger and illnesses,” said Dr Titanji, an academic who leads the Women’s Guild for Empowerment and Development, a non-governmental organisation involved in peace initiatives in Cameroon. Both English and

15

French are official languages in Cameroon following a complicated colonial history but in practice, the Francophone majority dominates, leading the Anglophone minority to complain of discrimination.

About 3,000 people have already died since protests over the increasing use of French in courts and schools in the English-speaking heartlands of the North-West and SouthWest regions morphed into violence in 2017. - BBC

NATIONAL PENSION SCHEME AUTHORITY

Coronavirus: White House task force members self-isolate

NATIONAL PENSION SCHEME AUTHORITY PUBLIC NOTICE

PUBLIC NOTICE WARNING AGAINST FRAUDSTERS WARNING AGAINST FRAUDSTERS

It has come to the attention of the National Pension Scheme Authority (NAPSA) that some unscrupulous individuals are going around asking for money and other favours from individuals and corporate entities with existing or potential business relations with It has come to the attention of the National Pension Scheme Authority (NAPSA) that some unscrupulous aresent going asking of forthe money and Board other of NAPSA, claiming that theyindividuals have been by around the Chairman NAPSA favours from individuals and corporate entities with existing or potential business Trustees fact not.claiming that they have been sent by the Chairman of the relationswhen with in NAPSA, NAPSA Board of Trustees when in fact not.

The public is hereby advised to be alert and vigilant as the Chairman of the NAPSA The public is hereby to be alert and vigilant as the financial Chairmanorofmaterial the NAPSA Board of Trustees hasadvised not instructed any person(s) to collect benefits Board of Trustees has not instructed any person(s) to collect financial or material on his behalf any company or company person. The individuals have beentosent benefits on from his behalf from any or person.

The purporting individualstopurporting by the Board Chairman are clearly criminals and with byhave the been Boardsent Chairman are clearly criminals and fraudsters with fraudsters intent to defraud intent to defraud unsuspecting companies and individuals of their hard-earned unsuspecting companies their hard-earned resources.

Thiswho matter resources. This matter and has individuals since beenof reported to the Zambian Police arehas currently conducting investigations the who law will its course on anyonetheir since been reported their to the Zambian and Police aretake currently conducting found wanting. investigations and the law will take its course on anyone found wanting.

The Authority would like to urge anyone with information relating to this matter to The Authority likePolice to urge anyone withNAPSA information relating to this matter report report to the would nearest Station or the Integrity Committee on thetotollfree integrity hotline (Tipoffs Anonymous) 5080 or to the NAPSA security department to the nearest Police Station or the NAPSA Integrity Committee on the toll-free integrity on 0977371620 or 0967812837. hotline (Tipoffs Anonymous) 5080 or to the NAPSA security department on 0977371620 E07042020

THREE members of the White House coronavirus task force are self-isolating for two weeks after possible exposure to the illness.

Dr Anthony Fauci, who has become the public face of the fight against the virus in the US, is one of those who will go into quarantine.

His agency, the National Institute of Allergy and Infectious Diseases, said he was at “relatively low risk” due to the degree of his exposure.

Dr Fauci has tested negative.

The 79-year-old will work from home for the time being and will be regularly tested, the institute said.

Centers for Disease Control and Prevention (CDC) director Dr Robert Redfield and Food and Drug Administration (FDA) commissioner Stephen Hahn are also self-isolating.

In a statement, the CDC said Dr Redfield, 68, had no symptoms and was not feeling unwell, but would also be teleworking for two weeks after “low risk exposure” to someone at the White House. It is unclear who this person is.

And an FDA spokesman told Reuters news agency on Friday that 60-yearold Stephen Hahn was also self-isolating. He has also tested negative, the spokesman said.

The three men were due to address a Senate committee on Tuesday.

Before the news about Dr Fauci became public, committee chairman Senator Lamar Alexander said Dr Redfield and Dr Hahn would be allowed to testify by videolink. - BBC

News of the World

or 0967812837.

Issued by Head Corporate Affairs National Pension Scheme Authority Issued by Head Corporate Affairs

C3765-30-31

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DAILY NATION Monday May 11, 2020 editor@dailynation.info

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PAY UP …CAS tells Kalu to pay over K200, 000

By MICHAEL MIYOBA

T

PO11052020

www.dailynation.info

HE Court of Arbitration for Sports CAS has urged football icon Kalusha Bwalya, a FAZ presidential aspirant, to pay CHF11 000 Swiss Franc equivalent to K210,447 for the case where he has challenged the football association of Zambia to be heard.

Bwalya has appealed to the Court of Arbitration for Sports (CAS) against the FAZ decision to stop him from contesting the FAZ Presidency.

CAS had earlier urged both Kalu and FAZ to share the costs and pay CHF11000 each for the case to be heard, an amount which FAZ failed to pay as the respondent.

Failure to pay the advance of cost by FAZ has compelled CAS to call on Kalu as the appellant to pay FAZ’s share to cover the arbitrations cost of the case.

“Please be advised that the respondent has not paid its share of the advance of cost.

Accordingly, pursuant to article R64.2 of the code of sports related arbitration for sports is obliged to invite the appellant to pay the respondents share in order to cover the arbitration costs in this matter,” said CAS Finance Director Miguel Abelairas in a letter directed to both parties.

“Consequently I invite Kalusha Bwalya to pay the respondents share of the advance of costs, namely CHF 11000 Swiss francs. This amount should be paid on or before 15 May 2020 to the CAS account,” Abelairas said.

Abelairas reminded Kalu to indicate the process reference number when making payment.

He said failure to make payments within the recommended date will result in the appeal being withdrawn.

Meanwhile CAS has dismissed Kalu’s appeal for CAS to reschedule the May 18 oral hearing of the appeal to another date.

Kalu had asked CAS to reconsider the sole Arbitrators decision of April 22, 2020 and move the oral hearing to an appropriate date due to restrictions in relations to Covid-19.

However counsel to the CAS, Sophie Roud said, Kalu as the appellant, and FAZ have to appear at the hearing which will be held through a video conference on May 19 at 09:30 hours Swiss time.