Minister of Commerce Margaret Mwanakatwe says government is interested in promoting value addition due to abun...
The annual rate of inflation for April 2017 has remained at 6.7 per cent. Director of Census and Statistics Jo...
Minister of Commerce Margaret Mwanakatwe says government is interested in promoting value addition due to abundant natural resources in the country. Addressing the media ahead of the National Economic Business Conference slated for next week in Lusaka, Mrs. Mwanakatwe noted that Zambia’s economy has largely remained a monoeconomy despite the country having a wide range […] Read more
The annual rate of inflation for April 2017 has remained at 6.7 per cent. Director of Census and Statistics John Kalumbi says this means that on average prices increased by 6.7 per cent between April 2016 and April 2017. Mr. Kalumbi said the decrease in the annual food inflation rate is mainly attributed to price […] Read more
By Staff Writer Finance Minister Felix Mutati says Zambia’s investor confidence has improved this year following enhanced economic stability. Mr Mutati cited the over 300 investors from across the globe that seek to invest in the US $4 billion Batoka Hydro power project. He said there are positive economic indicators in 2017 than last year […] Read more
… PAC salutes ZRA for waivers By JOHN SAKALA The Zambia Revenue Authority (ZRA) has waived all interest and penalties for all taxpayers with outstanding returns and tax debt. ZRA Commissioner General Kingsley Chanda said this morning during a media briefing in Lusaka that ZRA had waived tax interest and penalties. Mr Chanda said in […] Read more
The sale of U.S dollars by corporate and interbank market on Thursday raised hopes of the Kwacha strengthening further. The Kwacha which opened trading at K9.35 ngwee and K9.40 ngwee was decidedly stronger through the day. The local currency appreciated further to sell at 9-kwacha 30 ngwee and K9.35 ngwee at the close of business […] Read more
By Staff Writer Zambia has scooped the ‘Best Stand for Doing Business’ award at the 2017 World Travel Market Africa in Cape Town, South Africa. The award was presented yesterday by event organisers, World Travel Market Africa to leader of the Zambian delegation, Mwabashike Nkulukusa, who is Zambia Tourism Agency (ZTA) Marketing Director. Others in […] Read more
One of the newest and most advanced copper smelters in the world is not in China or Canada or the United States, but right here in Zambia. This $900 million marvel of technology, which started operating in early 2015, is situated at First Quantum Minerals’ (FQM) Kansanshi Mine in North-Western province, just outside Solwezi. The […] Read more
By JOHN SAKALA Zambia says she will soon enact legislation that will enable local people access local tourism products cheaply. Minister of Tourism Charles Banda says local tourism products are expensive for the local people because of the monopolies that players in the tourism and hospitality sector enjoy. Mr Banda was speaking at Bole International […] Read more
The Jesuit Center for Theological Reflection -JCTR- says it will support the planned International Monetary Fund -IMF- Supported Economic Stabilisation and Growth Programme for Zambia, if no stringent conditionality for a bailout programme is attached. JCTR Executive Director Father Leonard Chiti has indicated this in an advisory note to Minister of Finance Felix Mutati. Father […] Read more
By JOHN SAKALA The Mineworkers Union of Zambia (MUZ) has started constructing a milling plant shown in picture which will have the capacity to produce 6, 000 bags of 25 kilograms of mealie meal per day. MUZ General Secretary Joseph Chewe said the state of the art plant was procured at a cost of K10 […] Read more
By JOHN SAKALA Tanzania- Zambia Railway Authority (TAZARA) has announced a temporary stoppage of train operations between Yombo and Kurasini in Dar es Salaam. This follows a wash-away that occurred on our track as a result of persistent heavy rains in Dar es Salaam. TAZARA Head Public Relations Conrad K Simuchile said has told The […] Read more
JOB OPPORTUNITY Mulonga Water and Sewerage Company Limited (MWSC) is the provider of water and sewerage services in Chingola, Mufulira and Chililabombwe. The Company has vacancies in both the Project Implementation Unit (PIU), which was formed to spearhead the implementation of a major infrastructure development project i.e. the Zambia Water and Sanitation Project (ZWSP) and […] Read more
By Staff Writer Former Bank of Zambia Governor Caleb Fundanga says Zambia is most likely to default on the first US $750 million Eurobond payment when maturity date falls in five years’ time. And Dr Fundanga has called for an end to corruption in usage of government funds. Meanwhile, Lusaka businessman Muna Hantuba says the […] Read more
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