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Top news items in major Zambian media outlets

Xinhua, October 4, 2016 Adjust font size:

The following are news highlights in Zambia's major media outlets on Tuesday.

-- The Zambian government has been advised to consider a bond buyback scheme to cushion the impact of the 3 billion U.S. dollars Eurobond repayment, a local think-tank has said.

The government has issued three Eurobonds, with the first one of 750 million dollars in 2012, 1 billion dollars in 2014 which are due to be paid in 2022, while the 1.25 billion dollars issued last year will be due for repayment in 2027.

The Zambia Institute for Policy Analysis (ZIPAR) said the buyback scheme will allow the government to actively enter the market and start buying off some of the principle loan amount instead of waiting for the day of maturity. (Zambia Daily Mail)

-- Zambia and Sudan have initiated a program where journalists will be used as elements to promote trade and bilateral ties between the two countries.

A memorandum of understanding has since been signed between the media bodies of both countries, with a series of programs lined up to actualize the agenda. (Times of Zambia)

-- The Zambian government has called for change in work culture among workers in the country.

Minister of Labor and Social Security Joyce Nonde-Simukoko said the work culture in the country leaves much to be desired and that this was hindering development.

She noted that good workmanship, and commitment to duty and excellence were important in bringing about the necessary development that the country required.

She said workers should improve the work culture such as time management, commitment and excellence. (Daily Nation) Endit