DAILY NATION Sunday August 23, 2020

Page 1

Sunday

Price K10

Vol. 6. Issue 2648

August 23, 2020

BOZ GOVERNOR SACKED By SIMON MUNTEMBA, SILUMESI MALUMO and BUUMBA CHIMBULU

APPOINTMENT of Chrsitopher Mvunga is appropriate to harmonize Government's aspiration in the policy framework and implementation by the Central Bank, former Deputy Minister of Finance Danny Pule has said.

Dr Kalyalya

In tommorows’ Nation

Jay Jay Banda:

The other side of the story. His family speaks out

This harmony, according to Dr Pule was vital in this period of covid 19 to embrace innovation, creativity and enterprise to enhance the economy. The global economy was in crisis, requiring strong policy measures to respond thereby all actors should be fully synchronized working in unison. To page 3)

Mr Mvunga

LONDON COURT CLEARS ZAMBIA OF CORRUPTION … as Zambia is awarded US$2.7m BY KALUNGA MWAPE A LONDON court has dismissed corruption charges against the Zambian government. The court has also awarded Zambia costs amounting to $2,700,000 and over $197,000 in reimbursable expenses. This is in a matter Lodestar International, a company registered in North Carolina, USA sued the Zambian government on contractual grounds in the London Court of Arbitration in the United Kingdom claiming that it had lost a contract to build police houses because of corruption. In its ruling however, the London Court of Arbitration found in favour of the Zambian government and ruled out corruption, awarding costs to the defendants. Home Affairs Minister, Stephen Kampyongo told a press briefing in Lusaka yesterday

that Lodestar International and Lodestar International Zambia sued the government in 2018 on contractual grounds. “In 2018 Lodestar International LLC and Lodestar International Zambia Limited sued the Zambian Government in the London court of international arbitration through their lawyers based in the United States of America, Messrs Cooley LLP on a Contract entered into by the parties on September 4, 2012 for the Construction of Housing Units for the Ministry of Home Affairs, mainly the Zambia Police Service,” Mr Kampyongo said. (To page 3)

Mr Kampyongo


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DAILY NATION Sunday August 23, 2020 by dailynation - Issuu