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On July 1, 1966, the parliament approved the arrangements of the decimal currency system (Act 40 of 1966), changing the main currency unit to Kwacha, with one kwacha being equal to 100 ngwee. The exchange rate was set to one kwacha equivalent to ten Zambian shillings, or one half of a Zambian pound. Thus, by January 16, 1968, all Zambian pound ...
The Zambia National Service, abbreviated ZNS, [2] is part of the Zambian Defence Force, has been a cornerstone of national development since its establishment in 1971 through an Act of Parliament. [ 3 ] [ 4 ] Committed to the twin objectives of training civilian and safeguarding the territorial integrity of Zambia, [ 5 ] [ 6 ] [ 7 ] the ZNS Act ...
Zambia Railways (ZR) is the national railway company of Zambia, one of the two major railway organisations in Zambia. The other system is the binational TAZARA Railway (TAZARA) that interconnects with the ZR at Kapiri Mposhi and provides a link to the Tanzanian port of Dar es Salaam. Currently, the Zambia Railways Line travels from the Victoria ...
Government procurement or public procurement is when a governing body purchases goods, works, and services from an organization for themselves or the taxpayers. [1][2][3] In 2019, public procurement accounted for approximately 12% of GDP in OECD countries. [4][5] In 2021 the World Bank Group estimated that public procurement made up about 15% ...
Prior to January 2021, Mopani Copper Mines Plc (Mopani) was a joint venture company based in Kitwe as 95% of its operations are located there, comprising Glencore International AG (73.1%), First Quantum Minerals Ltd. (16.9%) and Zambian Consolidated Copper Mines Limited (10%). Mopani operates the Mufulira mine, smelter, concentrator and copper ...
Zambia operations of First Quantum Minerals, Kansanshi and FQM Trident (Sentinel) Mining Operations. Lumwana Mining Company Limited (LMC) [15] 16,835,000,000. [16] Zambia operations of Barrick Gold Based on USD$962m. Mopani Copper Mines Plc. 14,927,500,000. [17] Based on USD$853m (2021 ZMW spot conversion) in extraction at Mopani Copper Mines.
As of 2019, Zambia's GDP per capita (current international dollars) stands at $1,305.00. In the area of trade, Zambia recorded a positive trade balance of US$300.6 million in 2014, as well as an increase in non-traditional exports (NTEs) over the years from US$1,381.8million in 2010 to US$3,550.3 million in 2013.
Zambian Defence Force. The Zambian Defence Force is the military of Zambia. It consists of the Zambian Army, the Zambian Air Force, and the Zambia National Service. [2] The defence forces were formed at Zambian independence on 24 October 1964, from constituent units of the dissolved Federation of Rhodesia and Nyasaland Armed Forces. [3]