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FORMER President Edgar Lungu’s son Dalisto has lost his properties worth over K24million which will now be owned by the State.
This was after the Economic and Financial Crimes Court established that investigations and evidence presented in court proved that the assets, which include about 79 cars and more than 20 pieces of land scattered in different parts of the country.
Among the properties include a filling station, also deemed to be a proceeds of crime.
The EFCC established that Mr Lungu had no perceptible income or business activities that would be subject to tax to prove that he was making income commiserate with the tainted.
In this case, Director of Public Prosecutions Gilbert Phiri filed a non-conviction based forfeiture lawsuit urging the court to allow the forfeiture of Mr Lungu’s tainted properties.
Mr Lungu was the first interested party while Solaid Traders Limited, where Mr Lungu is director, was the second interested party.
To defend himself, Mr Lungu claimed that all his properties were genuinely acquired and that some of the assets were also gifted to him by his father.
But the court ruled that Mr Lungu failed to proffer sufficient evidence to support his assertion that his father financed the properties.
“…Mr Lungu has failed to proffer further and solid evidence to substantiate his claims that Mr. Edgar Chagwa Lungu, and indeed his parents, were the source of the funds used to purchase the impugned properties”.
The court also found that financial capacity during the period of investigations revealed that Mr Lungu had no significant work experience.
“It was submitted that Mr Lungu begun working in 2012 and worked for two organizations, being Varun Beverages Zambia Limited and Zambia Revenue Authority, and worked a total of 36 months and three weeks and earned a total of K137,803.25,” the judges ruled.
Furthermore, the court also found that investigations into Mr Lungu’s financial capacity revealed non-compliance with tax return to Zambia Revenue Authority and had not submitted returns from 2017 to 2023.
It further was further established that the funds used to acquire the properties were reasonably suspected to have been obtained through illicit or unlawful activities such as tax evasion and money laundering.
“It is therefore, our considered view that based on the evidence tendered by the applicant establishing that on a balance of probability, the properties cited in the originating Notice of Motion are tainted property and proceeds of crime….
“Based on the foregoing findings, we are of the view that the Director of Public Prosecutions has successfully made out its case for Non-Conviction Based Forfeiture of tainted property”.
(Mwebantu, Tuesday, 10th Februray, 2026)
Former Defence PS loses US$24million farm to the State
President Hichilema to secure more investment and jobs for Zambians at the 2026 Mining Indaba in South Africa
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MINISTER of Finance and National Planning Situmbeko Musokotwane has endorsed President Hakainde Hichilema’s address at the Mining Indaba, saying Government remains committed to safeguarding macroeconomic stability while leveraging strategic partnerships to translate mineral wealth into jobs, enterprise development and resilient economic growth.
In his review of the President’s message delivered at the Indaba, Dr Musokotwane said the balanced approach—anchored on stability first, partnerships second and value addition throughout—will ensure Zambia’s reform gains are consolidated and that the benefits of growth are broadly shared.
Dr Musokotwane said the estimated US$12 billion in mining investments recorded since 2021 reflects the combined impact of debt restructuring under the Group of Twenty (G20) Common Framework for Debt Treatment, improved fiscal governance and a predictable mining policy environment.
He said the reforms have reduced sovereign risk and unlocked private capital, validating the President’s assertion that natural resources can create prosperity when unlocked through strategic partnerships.
“The sequential increases in copper output—approximately 12 percent in 2024 and a further eight percent in 2025—demonstrate how reform, partnership and investment translate into real sector performance. While operational challenges, including limited power supply, prevented the attainment of the interim one-million-tonne target in 2025, the upward trajectory strengthens mineral royalty flows and corporate income tax receipts, reinforcing fiscal sustainability,” Dr Musokotwane said.
He said power stability anticipated throughout 2026 is expected to support the attainment of the year’s approximate production target of one million metric tonnes, as Zambia progresses towards the three-million-metric-tonnes-per-annum target by 2031.
Dr Musokotwane further said the President’s call for value addition as a shared responsibility between Government and mining companies has significant fiscal implications.
“Moving up the value chain will enhance the resilience of export earnings, broaden the tax base and deepen domestic linkages to manufacturing, services and logistics, thereby amplifying mining’s multiplier effects across the economy. I am optimistic about the fruits of this policy direction,” he said.
The Minister said the Presidential address also situated Zambia’s reform journey within Africa’s broader development challenge, adding that by framing partnerships as instruments of organisation rather than exclusion, President Hichilema articulated a pragmatic vision of Zambia as a credible and organised partner in the global economy.
Dr Musokotwane said Zambia’s completion of the International Monetary Fund (IMF)-supported Extended Credit Facility (ECF) programme—marked by restored debt sustainability, inflation on a declining path, foreign reserves exceeding four months of import cover and sustained real Gross Domestic Product (GDP) growth of over five percent—has laid the groundwork for durable partnerships.
He said the prevailing stability is expected to lower the cost of capital and enable longer-term investment horizons essential for the mining, energy and infrastructure sectors.
Dr Musokotwane further said the President’s emphasis on jobs and business opportunities reflects the fiscal dividend of reform.
He added that the President’s address not only positioned Zambia, but also the African continent, as indispensable to the global green transition agenda.
(Mwebantu, Wednesday, 11th Februray, 2026)
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THE Supreme Court of South Africa will soon start hearing the burial impasse case for Zambia’s late former sixth President Edgar Lungu.
This follows the Lungu family’s successful filing of an appeal against the Pretoria High Court’s Gauteng decision which directed that Mr Lungu’s body be repatriated back to Zambia for burial.
In the appeal, the family contends that the lower court’s judgement, which ordered them to surrender did not consider their rights as a family.
The family was recently granted permission to appeal the Pretoria High Court’s Gauteng decision, which directed that Mr Lungu’s body be returned to Zambia for burial.
The Lungu family wants the Supreme Court to overturn the lower court’s decision which allowed the Zambian Government to get the late ex-President’s remains in readiness for interment.
Mr Lungu, 68, died on June 5, 2025, in South Africa where he was being treated for throat cancer.
After the death, an impasse arose between his family and the Government as to how his burial would proceed.
The family stated in court documents that before his death, Mr Lungu said his successor, President Hakainde Hichilema should not attend his burial.
But Government plans to have a state funeral for the late lawyer and in line with protocols and precedent, Mr Hichilema is supposed to attend the burial.
(Mwebantu, Wednesday, 11th Februray, 2026)
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ECONOMIC and Financial Crimes Court (EFCC) has dismissed former Ministry of Defence permanent secretary Stardy Mwale’s bid to reclaim ownership of his forfeited farm worth US$2.5million.
In November 2024, the EFCC ordered the forfeiture of Simonga Farm for being acquired through proceeds of crime.
Apart from forfeiture of Simonga Farm 132a, located in Mazabuka, a three-member bench also condemned Mr Mwale and three other interested parties in the case to costs.
The court ruled that based on its detailed analysis, it was of the well-considered view that the applicant, Anti-Corruption Commission, had established on the balance of probabilities that the farm is tainted.
Dissatisfied with the decision, Mr Mwale, through his lawyers, applied for extended leave to appeal against the court’s decision to forfeit the farm to the State.
He submitted that the delay in filing the application for leave to appeal, in the Court of Appeal, was not deliberate.
But a three-member bench dismissed the plea to for extended leave to appeal on grounds that Mr Mwale failed to demonstrate that the delay was not excessive.
Judges Susan Wanjelani, Vincent Siloka and Ian Mabbolobbobo found that the over one year delay in filing the appeal was unjustified.
“Having determined that a period of over a year delay without a strong reason to convince us that the delay is inexcusable and not inordinate, the interested parties’ application for leave to extent the time within which to file an application for leave to appeal is declined,” the court ruled in a decision rendered on Monday.
(Mwebantu, Wednesday, 11th Februray, 2026)
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