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Top news items in major Zambian media outlets

Xinhua, December 12, 2016 Adjust font size:

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

-- Britain has commended Zambia's President Edgar Lungu for his strong stance against corruption and has pledged support to help the southern African nation deal with the vice.

British High Commissioner to Zambia Fergus Cochrane-Dyet said it was important for Lungu to be supported in his quest to fight corruption but added that the government should ensure that senior officials accused of corruption should be prosecuted. (Zambia Daily Mail)

-- Mining firms have started receiving their Value Added Tax (VAT) refunds from Zambia's revenue collection agency, the chief tax collector said.

Zambia Revenue Authority commissioner-general Kingsley Chanda said the agency was releasing VAT refunds to mining firms that are complying with its requirements.

He said while there have been misunderstandings on the amounts to be reimbursed to some firms, those that have provided the necessary information were being refunded. (Times of Zambia)

-- About 50 Chinese nationals living in Zambia have been trained as neighborhood watch members to help enhance security in communities where they live and have businesses.

The Chinese nationals, operating along Mumbwa Road, a main route on the western outskirts of Lusaka, the Zambian capital, have undergone an orientation with the Zambia Police on how to deal with crimes both in civil and criminal, how to prevent and deal with the criminals and victims.

Wei Changlong, vice-president of the Neighborhood Watch members said he was pleased that his association was working together with the Zambia police to ensure security and sanity in the area. (Daily Nation)

-- Zambia's net foreign direct investment inflows fell to 1.4 billion U.S. dollars in 2015 from 3.2 billion dollars the previous year, a foreign private investment and perception survey released by the country's central bank has shown.

The survey said the decrease was due to a reduction in retained earnings as well as a reversal of the drawdown of foreign direct investment by resident enterprises.

According to the survey findings, the drop in retained earnings was evident across sectors and reflected the impact of the challenging economic environment on business profitability. (The Mast) Endit