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Out-going Zambian president pardons 60 inmates

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

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

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

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Zambian President Lungu says he won’t petition election results

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

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

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

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