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Old May 31st, 2010, 08:02 AM   #1
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Zambia | Economy and Business News

ZAMBIAN GOVT ATTRACTS US$4.5 BILLION MINING INVESTMENT
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KITWE (ZAMBIA), May 30 (NNN-ZANIS) -– Commerce Minister Felix Mutati has disclosed that the Zambian Government has so far attracted mining investment in excess of U$$4.5 billion.

And Mr. Mutati has predicted that the mining production will reach 1 million tonnes in the next two years.

Mr. Mutati said this investment has resulted in increased copper production of 750,000 tonnes per year from 250,000 tonnes.

He said the mining industry has brought a new decade in the country's economy where investment has consolidated the industry with new projects being undertaken by Konkola Copper Mines (KCM), Lumwana, Milyashi and Kansanshi mines respectively.

Mr. Mutati was speaking in an interview with ZANIS in Kitwe on Saturday. This was shortly after touring selected stands at the ongoing 53rd Copperbelt Agriculture Mining and Commercial show (CAMCS) in Kitwe under the theme” 2010, a new decade renewed hope''.

He said it was encouraging to see a number of exhibitors rising from 75 to 100 this year, an indication that people have taken the diversification programme very serious as the theme translates.

The Minister also said the surplus food supply was stable for the country which entrepreneurs could take advantage of, if only they added value to their produce and exported it.

He nevertheless pointed out that there were challenges which could affect the expected economic growth in the mining sectors but was quick to note that Government was addressing the matter with the seriousness it deserved.

Mr. Mutati assured that once the challenges were addressed, there would be an increase in foreign direct investment with value addition to local products, supply of goods and quality jobs created among the locals.

He noted that the expansion of the mining activities in the country including the energy sector in its current form may not be able to cope up with the pressure and this called for more investment in the next five years.

The Minister outlined among other challenges as power shortfall which he said was likely to affect mineral production.

And he disclosed that Government was considering revamping the railway transport especially the opening of the Angola route on the western coast to cater for Lumwanma and Kasanshi mines.
http://namnewsnetwork.org/v2/read.php?id=122025
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Old May 31st, 2010, 09:39 AM   #2
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thanks hakz for sharing
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Old June 4th, 2010, 10:58 AM   #3
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my pleasure

Zambia to Sell First International Bond of $1 Billion
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May 28 (Bloomberg) -- Zambia, Africa’s biggest copper producer, plans to sell its first international bond this year, raising $1 billion for rail and power projects, Finance Minister Situmbeko Musokotwane said in an interview with CNBC Africa.

The government expects to have its first sovereign credit rating by the third quarter and will proceed with the bond sale soon after that, Musokotwane said in Abidjan, the commercial capital of Ivory Coast.

Zambia abandoned a plan to seek a credit rating and sell a bond abroad in 2008 after the global financial crisis sparked a sell-off of emerging market assets. The southern African nation joins countries including Kenya, Ghana and Angola that want to tap international capital markets to help finance the building of power plants and railways as economic growth accelerates.

“We have issues with energy,” Musokotwane told CNBC. “There are a number of roads that have to be rehabilitated.”

The minister said he expects a credit rating of higher than B+, which was awarded by Standard & Poor’s and Fitch Ratings to Angola last week. B+ “should be the minimum,” Musokotwane said.

The minister signed an agreement with JP Morgan Chase & Co. today to help the government prepare for the credit rating. Zambia is working concurrently on the rating and the bond sale, he said.

Copper and Growth

The economy will probably expand more than 6 percent this year, boosted by higher copper prices and a bumper grain crop, Musokotwane said. Copper prices have more than doubled since the beginning of last year and reached as high as $6,935 a ton in London today, while the government expects a 42 percent surge in grain output this year.

Musokotwane said he wasn’t overly concerned that the European debt crisis would make it difficult for Zambia to sell its bond.

“You can never have a situation where the economic conditions are absolutely perfect,” the minister said in a separate interview with Bloomberg News. “With what’s happening now, it’s not too bad. There are other countries that are doing the same, so it’s not too bad.”

The kwacha has dropped 5.7 percent against the dollar since the beginning of this month and was trading as high as 5,090 per dollar today.
http://www.bloomberg.com/apps/news?s...0&pid=20601087
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Old June 9th, 2010, 02:04 PM   #4
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Malawi, Zambia win 'sizeable' US funds

Malawi and Zambia are to receive hundreds of millions of dollars in infrastructure grants in the next two years under the US government's Millennium Challenge Corporation (MCC) aid arm, US aid officials confirmed last month.
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The MCC has committed $5.1bn to what MMC officials describe as 'compact' partners over the next five years. These countries are seen as being well enough governed to be eligible for grants. Tanzania, for example, has signed a five-year deal worth $698m, Ghana for $547m and Mozambique $507m.

Malawi and Zambia, both of which are opening their economies to trade and investment, were on track for promotion, allowing grants into the hundreds of millions of dollars. According to the MCC's senior procurement officer, Gerry Nash, Malawi will probably be signed up later this year and Zambia in 2011. "There is some major, major money coming out in the next five years," he added.

Although the MCC deals are government-to-government, private firms usually undertake the infrastructure development work after an open tender process. The World Bank says Africa needs to invest more than $90bn a year on improving its roads, railways and power grids.
Courtesy of allbusiness
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Old June 10th, 2010, 01:26 PM   #5
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Construction of a new $780-million power line linking Zambia, Tanzania and Kenya was expected to start towards the end of 2011, and be operational by 2015, a senior Zambian government official said on Friday.

About 1 447-km long, the high voltage transmission line will start at Serenje in the south of Zambia, snake along to Mbeya and Arusha in Tanzania before landing in Kenya's capital Nairobi.

"The total cost of the project is estimated at $780-million out of which $380-million will be [the] section in Zambia, $310-million in Tanzania and $90-million in Kenya," Israel Phiri, manager at the Office for Promoting Private Investment at Zambia's Ministry of Energy and Water Development told Reuters in response to emailed questions.

"It is hoped that resource mobilisation would be completed towards the end of 2011, and construction would commence thereafter," Phiri said, adding that the transmission line was expected to be completed three years later.
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Old June 10th, 2010, 07:23 PM   #6
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great
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Old June 11th, 2010, 12:56 AM   #7
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oh this project is still on going ...and no this is not a final render each but any idea of the scale development .....we've been havin various issues bt all i can say is watch this space we're clearing the land and placing services etc.


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Old June 11th, 2010, 03:02 PM   #8
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Hsark, very nice what is it? And where is it located? Nice work thank you
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Old June 22nd, 2010, 03:12 PM   #9
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ZAMBIA READY TO PROVIDE CONDUCIVE ENVIRONMENT FOR BUSINESS, SAYS MINISTER
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LUSAKA, June 22 (NNN-ZANIS) -- The Zambian government is committed to providing a conducive environment for the private sector to do business in the country, says Acting Commerce Trade and Industry Minister Catherine Namugala.

This is because the government knows too well the capacity of the private sector to reducing poverty across the nation, said Namugala when speaking at the induction of Zambia Lafarge into the Lafarge International Health and Safety Excellence Club in Chilanga Monday.

She said the government was committed to a private sector-driven economy.

The Excellence Club comprises a group of countries which have shown excellent performance in safety and recognizes the expertise required by each country to gain the superior level of performance and behaviour that respective countries have attained.

Namugala, who is the Tourism Minister, urged all corporate entities in the country to take interest in issues of environmental protection in order to ensure sustainability.

Lafarge Cement Division International President Giulluane Roux said Lafarge Cement Zambia was the first African company to be inducted in the Excellence Club. Roux said Larfarge Cement Zambia had one of the highest health and safety standards in Africa.

Speaking at the same occassion, Lafarge Cement Zambia Managing Director Fola Esan said Lafarge Zambia should continue to take health and safety standards to higher levels. This would enable Lafarge Cement Zambia to be a shining example to other plants in Africa.
http://namnewsnetwork.org/v2/read.php?id=124492
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Old June 25th, 2010, 09:17 AM   #10
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That's a very nice development! Where is exactly in Lusaka is it going to be located?
Who is the developer?
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Old July 9th, 2010, 06:52 PM   #11
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@ abesha , yupes sorry for the late reply it's in lusaka, along kafue road, about l0km from city center.
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Old July 9th, 2010, 06:57 PM   #12
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BAI designs first mixed-use complex in Zambia for Liberty Properties


Intro
The first phase of construction for a new 94 000m² mixed-use project, designed by South African architectural firm Bentel Associates International, has commenced in the Zambian capital of Lusaka

Levy Business Park is situated at the intersection of Church and Kabelenga roads - a flat site in a centrally situated light industrial area of Lusaka. The $200 million (R1.5bn) project, known as the 'Jewel of Lusaka', will consist of retail, office, hotel and residential nodes.

Socio-economic factors and contemporary developments in Zambia are creating a favourable climate for increasing foreign investment. Zambia's economy has experienced modest growth in recent years but the country is rich in natural resources and has vast tourism potential.

The Zambian government recently announced that it is committed to reform and the improvement of the country's business environment in order to attract investments into the country. It is focusing on implementing programmes that will support the growth of the private sector and is endeavouring to ensure that it continues to create and maintain a favourable investment climate.

Lusaka is intersected by four main highways, which include the Great North Road (to Tanzania) and the Great East Road (to Malawi). The popular tourist destination has become a favourite urban residential city for Zambians and a diverse community of foreigners. Its central location, rapid infrastructural growth and associated job creation augers well for the future of the city, which has the potential to become a prime investment destination if the government's proposed economic reforms are implemented and maintained.

In terms of population growth, Lusaka is considered one of the fastest growing cities in Africa. A growing middle class with increasing wealth has created a huge demand for retail and other lifestyle spaces.

The retail component:

The 30,000m2 two-level retail component, Zambia’s first fully enclosed shopping mall, will include two anchors from South Africa, a wide range of retail outlets and banks, a substantial food court adjoining a cinema complex and an extensive parking facility.

The design concepts:
The shopping complex has been designed to express several familiar African concepts and images in a modern context.

* A grand boulevard
"Shopping centres as we know them are uncommon in Zambia," says Clive Rudman, Bentel Associates International's design architect for the Levy project. "We looked at the whole idea of a high street, a familiar concept in Africa and we decided to use the metaphor of a high street as a starting point. Access to the site is off a busy intersection with a robot, so we decided to continue the high street, which exists on the other side of this intersection, into the site. Instead of having a road in the centre and pavements on either side, we created a 'Grand Boulevard' with pedestrian and vehicular routes that lead up to one of the centre's two main entrances, thus creating a continuation of the high street.
* A spectacular main entrance
The main entrance features a glass 'box' structure, creating a pronounced and clearly demarcated entrance from the Grand Boulevard. At night, this will be illuminated, creating a spectacular, jewel-like and inviting entrance to the complex.
* African tree line/canopy
The high street theme is complemented by a second theme, which utilizes the familiar/contextual concept of the African tree line. Actual trees and tall structural steel will be utilized to create the effect of a tree canopy. Tall palm trees will be planted on the ground floor and will grow through the second level up to the full height of the roof and its skylights.

"The whole idea is that you bring the outside in by utilizing familiar visual elements from the external environment, and then reinterpret them indoors thus making them an instantly recognizable part of the complex and a continuation of the outdoor high street," explains Rudman.

* A welcoming oasis
A third interrelated theme creates the sense of an oasis at the culmination of the 'routes' from the Grand Boulevard and the parking area. At the back of the complex structured parking will lead to a welcoming second entrance into the complex where a 'pause' area will be created with a magnificent water feature and plants. Views from the restaurant component overlook the green 'oasis'.

Rudman says that all the design elements will combine to draw people along the two main 'routes', creating a specific and continuous experience.

The hotel component:

The hotel component is situated on one of the corners of the intersection, opposite the office block site. The three-star hotel will house 150 rooms and a 400-seat convention centre. Once completed, the hotel will be managed by Southern Sun and will form part of the Stay Easy Hotel Group, a division of Southern Sun hotels.

The building will be a five storey structure with a guest swimming pool. "The contemporary Stay Easy design elements will be integrated with the rest of the development," says Rudman. "Hotel guests will have convenient access to the Mall's amenities and the Mall is expected to be positively affected by the hotel."

Office component:

The 5011m² five-floor office component will feature aesthetics and upmarket finishes that will harmonize with the overall development. It is anticipated that this component will become one of Zambia's most desirable corporate addresses.


"The project will be completed in two phases - the first phase which has just commenced construction, includes the retail centre, offices, parking and the hotel," adds Rudman. "The expected start date of Phase Two will be the middle of next year and will deliver a residential development arranged around five landscaped piazzas. The overall completion date for the development is expected towards the end of 2011."


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Old July 20th, 2010, 07:21 AM   #13
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ZAMBIANS IN NORTHERN IRELAND URGED TO INVEST HOME
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BELFAST (NORTHERN IRELAND), July 20 (NNN-ZANIS) -- Zambia’s High Commissioner to the United Kingdom, Professor Royson Mukwena has urged the Zambian community in Northern Ireland to investing back home.

Speaking in Belfast where he met Zambians living in Northern Ireland, Prof. Mukwena said there were huge trade and investment opportunities in the energy, health, tourism, mining and agricultural sectors which Zambians living abroad may wish to invest in.

“You may wish to consider investing in solar energy, for example in the local manufacture of solar energy components. There are also opportunities in the agriculture and agro processing sector. There are opportunities in cassava processing into products such as sweeteners, glue, starch, plywood, animal feeds, Alcohol etc,” he said.

He said many opportunities also exist in fish farming and livestock, such as the processing of hides, skins, leather and leather processing. Opportunities exist in the development of computer software and assembly such as manufacturing of ICT equipment.

In the tourism sector, huge investment opportunities exist in Livingstone and the Northern Circuit. He informed the gathering that the Government had demarcated Tourism Development Zones in Livingstone and Northern and Luapula Provinces.

He reiterated that the Mission and Zambian Government considered Zambians in Northern Ireland and the entire Zambian Diaspora as key players in the economic development of the country.

In particular, he said the Diaspora were important partners in the marketing of Zambia as a destination for good profitable business and tourism.

“My appeal to you all is to remain patriotic and refrain from conduct that may tarnish the image of our country and be detrimental to its development. Your conduct here and what you convey or publish whether on the internet or in print media can either encourage or discourage the flow of trade, investments and tourists to Zambia,” he said.

He commended Zambians in Northern Ireland for having been good ambassadors and conducting themselves in a manner portraying the correct image of Zambia, saying that exemplary conduct by Zambians abroad was critical to marketing Zambian tourism.

Prof. Mukwena noted that the impression tourists form of Zambians during their interactions with Zambians in the Diaspora was critical to the tourist’s decision to visit the country.

“If you behave in a manner deemed unfriendly and unacceptable it will be unlikely that those potential tourists will decide to visit Zambia. Your message to those who wish to visit our country is that Zambia remains peaceful and all Zambians continue to exercise their democratic rights,” he said.

Prof. Mukwena said in order to ensure that the exemplary conduct and good efforts of the Zambian Diaspora in the UK were not in vain, the Mission will continue to play an efficient and effective role in marketing Zambian tourism and facilitating the flow of tourists into the country.

On foreign remittances, Prof. Mukwena told his audience that money sent back home by the Zambian Diaspora had slightly risen to K73.8 billion in the first quarter of this year (2010) from K71.5 billion during the same period last year (2009).

In the first quarter of 2010, there were a total of 56,335 transactions recorded compared with 51,043 recorded during the same period last year (2009). Last year (2009) K298 billion was sent back to Zambia with a total of 216,700 transactions recorded.

The meeting in Belfast was the last of the series the High Commissioner has had with Zambian communities in the UK following his presentation of credentials to Queen Elizabeth II on Feb 11 at Buckingham Palace.

The meetings were for purposes of introducing himself and exchanging views on various issues of interest to Zambians and in particular issues that affect them in the UK. He also used the opportunity to share information on political and economic developments in Zambia.

The High Commissioner has had meetings in London, Manchester, Coventry, Sheffield, Cardiff-Wales, Edinburgh- Scotland and Belfast- Northern Ireland. He also met Zambians in Dublin, Ireland.
http://namnewsnetwork.org/v2/read.php?id=127485
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Old July 24th, 2010, 03:07 PM   #14
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oi
Quote:
Zambia: MTN Zambia cuts international call charges by 40%


MTN Zambia chief executive officer Farhad Khan (L)

Reuters reports that MTN Group will slash international call rates by about 40 percent in Zambia after the southern African country opened up access to and cut the licensing fees for international gateway facilities.

Zamtel, the country’s fixed-line phone operator, used to control the sole gateway and charged private operators high fees for using it, but Zambia last week allowed other operators to set up their own facilities and cut the five-year international gateway licensing fee to $300,000 from $8 million.

“Some destinations including Canada, China and the U.S., which (combined) form our fifth most called destination, have had their charges reduced by more than 80 percent,” Farhad Khan, MTN Zambia’s CEO told Reuters.

He said call charges to countries such as South Africa, Namibia, Botswana and Tanzania had been reduced by 45 percent, and the firm hoped this would help attract more subscribers.

“Although our target for this year is 1.5 million subscribers, we are aiming to exceed this and will definitely achieve the 2 million subscriber mark in the first half of 2011,” Khan said.

MTN competes with India’s Bharti Airtel in Zambia and state-owned Cell Z.
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Old July 24th, 2010, 03:09 PM   #15
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zambia overview for july 2010

Quote:
Overview

The presidential and legislative elections, due in 2011, will be closely contested. The president, Rupiah Banda, and his Movement for Multiparty Democracy will benefit from strong powers of incumbency, but a victory for the opposition is looking increasingly possible. Economic policy will be underpinned by a three-year extended credit facility arrangement with the IMF. Policy execution will remain constrained by weak bureaucratic capacity.

The fiscal deficit is forecast to decline from 3.5% in 2009 to 1.5% in 2010 and 2.4% in 2011, enabling the government to reduce domestic borrowing.

The kwacha is forecast to appreciate to ZK4,794:US$1 in 2010, in line with higher copper prices and strong FDI inflows, and to depreciate to ZK4,953:US$1 as FDI inflows ease.
Key changes from last month
Political outlook

In the third case during the last 12 months of aid being frozen because of concerns about corruption, the Global Fund withheld US$120m in aid to the Ministry of Health. This is equivalent to 24% of anticipated grants in 2010.
Economic policy outlook

The government has selected a Libyan firm called LAP Green Networks to buy a 75% stake in the state-owned telecoms company, Zamtel, for US$275m. Zamtel's privatisation could pave the way for the removal of its monopoly on the international telecoms gateway.
Economic forecast

The forecast for real GDP growth in 2010 has been revised from 6.8% to 7.5% in line with new estimates of maize production, which is expected to increase by 48% in 2010, to 2.8m tonnes - its highest level in 20 years.

The inflation forecast has been revised from 9.7% to 9.2% in line with recent estimates of food production. The forecast for 2011 has been revised from 9.5% to 8.8%, as the surplus in 2010 will allow the Food Reserve Agency to build its stocks for next year.
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Old July 26th, 2010, 02:01 PM   #16
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Quote:
Originally Posted by hakz2007 View Post

Zambia to Sell First International Bond of $1 Billion
http://www.bloomberg.com/apps/news?s...0&pid=20601087
This is the way forward, i wonder how far down the line they are in raising the finances.
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Old August 9th, 2010, 11:33 AM   #17
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Indian farmers plan Zambia investment
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Indian commercial farmers plan to invest in a new model farm in Zambia, according to the government, which seeks to diversify the economy by promoting agriculture as an alternative to copper and cobalt mining.

Zambia's ministry of foreign affairs said Indian farmers were interested in investing in the 155,000-hectare Nansanga model farm bloc, where the government had built roads and dams to attract investors to grow export crops.

'Indian commercial farmers, mostly specialising in sugar production, are expected in Zambia in December 2010 to explore prospects of investing in Nansanga farm bloc,' the ministry of foreign affairs said in a statement.

'The expression of interest follows a business meeting between a Zambian investment promotion delegation and the Indian business community and commercial farmers in the commercial city of Mumbai.'

The global financial crisis hit Zambia's copper exports, and the government has said its economy cannot continue to rely on the copper industry.

Official data shows that as of November 2009, mining accounted for almost 90 per cent of exports from Zambia, Africa's top copper producer.

A government minister said in March Zambia had spent more than 100 billion Zambian kwacha ($20.6 million) on the electrification of the model farm and building of other infrastructure.

Zambia, previously a net importer of maize, has turned around its agricultural sector to become a net exporter following a government programme to provide subsidised pesticides and seed to small farmers, moves also aimed at improving security of food supplies.

The southern African country produced 2.7 million tonnes of maize in the 2009/2010 season, exceeding last season's harvest of 1.9 million tonnes and providing a surplus of 1.1 million tonnes.

Zambia planned to export some maize to Namibia, Zimbabwe and the Democratic Republic of Congo (DRC), which had expressed interest in buying maize.-Reuters
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Old August 17th, 2010, 12:14 PM   #18
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PPP projects to boost construction industry
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By Business Reporter

THE National Council for Construction (NCC) is happy that the construction projects being undertaken under the Public Private Partnerships (PPPs) initiative will boost further growth in the construction industry this year.

The construction industry has been projected to grow between 23 and 25 per cent this year compared to 15.5 per cent growth recorded last year.

NCC executive director Sylvester Mashamba said Zambia had recorded an increase on construction projects under the PPPs initiative hence the hope the industry would have a higher growth this year compared to last year.

In an interview in Livingstone at the weekend, Dr Mashamba said the continued participation of both the private and public sectors in the construction would stimulate further growth in the industry.

Dr Mashamba said some of the construction projects being undertaken by the private sector included the Manda Hill expansion and the Levy Mwanawasa Junction in Lusaka and the Kitwe shopping mall.

The Government has established a PPP unit at the Ministry of Finance and National Planning to spearhead works in various sectors of the economy.

Some sectors with the potential for PPP included housing and estates, office accommodation, health, education, social benefit scheme, road infrastructure, agriculture and energy, among others.

“So far, the donor funded projects have been on a slow down but we are optimistic that once the standoff between the Government and donors is resolved, we will reach the target by the end of this year,” he said.

Dr Mashamba noted the construction projects on the Government side had been slow.

He said there was need for the private sector to take a lead in the construction projects to reduce the dependancy on Government run projects.
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Old August 20th, 2010, 11:35 AM   #19
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China, DBSA to fund $430 mln Zambia power project

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LUSAKA (Reuters) - A Chinese bank and the Development Bank of Southern Africa (DBSA) will lend state-owned power utility Zesco Ltd $430 million to raise the capacity of a hydropower station by 360 MW, a minister said on Thursday.

Zambia, Africa's top copper producer, will need to raise its power generation capacity to ensure sufficient supply as demand is expected to rise on the back of new investments in mining and other sectors.

Energy Minister Kenneth Konga said funds from the Export and Import bank of China (EXIM) and DBSA would pay for the extension of the Kariba North Bank power station, located more than 130 km south of Lusaka, which is to be completed by 2012.

The hydro plant produces 540 MW, but that will rise to 720 MW by October this year when the last of existing four generators is upgraded, Konga said.

The EXIM Bank of China would lend Zesco Ltd $315 million and DBSA would provide the remaining $115 million for the project whose contractor is Sino-Hydro of China, Konga said.

"The project involves putting up two new machines with a power generation capacity of 180 MW each and we expect that work will be completed by November 2012," Konga said.

Zambia currently generates 1,800 MW, with peak demand estimated at 1,600 MW, but forecasts demand to rise sharply in the coming years, government data shows.
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Old August 21st, 2010, 10:20 AM   #20
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ZAMBIAN PRES BANDA WANTS MAPUTO CITY AND LUSAKA TO GROW ECONOMICALLY
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MAPUTO (MOZAMBIQUE), Aug 21 (NNN-ZANIS) -- Zambian President Rupiah Banda says the City of Lusaka and the Mozambique city of Maputo should work together and exchange developmental ideas in order for them to grow into greater cities economically.

President Banda said the two cities share a lot of similarities in many areas and should therefore cooperate towards developing into economic hubs.

He said when one of the two cities faces challenges of any form, it means the other would not enjoy as well.

President Banda said this Thursday at Maputo City Council when he received the key to the city from the Mayor of Maputo, David Simango.

The handing over of the Key to the visitor into a city is a symbolic welcome to a special guest to that particular city.

Mr. Banda said Zambia and Mozambique share long history of bilateral relations which should be enhanced at all levels of governance.

He said although Mozambicans were paying tribute to Zambia for the role she played in helping liberate their country, the Zambian people were also grateful of the cooperation existing between the two countries.

He said when people of the neighbouring country are not free, it means Zambia was not free as well hence the need to support each other in many areas.

The President assured the people of Mozambique that Zambia was ready to welcome them at any time because the people from the two countries were culturally, socially and economically the same despite being separated by geographical borders.

Earlier in the day, President Banda paid a courtesy call on the Speaker of the Mozambican National Assembly, Veronica Nataniel Macamo Dlovu, where he said the role of parliament was to unite people regardless of their political affiliations.

President Banda said Mozambican parliament, which comprises members from three different political parties, was exhibiting tenets of democracy.

Friday evening, the President met Zambians living in Mozambique after visiting Beira, which is about 1,000 kilometres from Maputo, where he has gone to tour Beira Port facilities.

President Banda winds up his three day state visit to Mozambique Saturday after touring the animal science directorate of the Mozambique National Research Institute.
http://namnewsnetwork.org/v2/read.php?id=130919
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