Finance Minister Margaret Mwanakatwe says she is targeting to secure an International Monetary Fund (IMF) economic bailout package by the end of this year. According to Bloomberg, Mwanakatwe made the remarks on the side-lines of the ongoing 25th Mining Indaba in Cape Town, South Africa, where she attended alongside several other government officials. “I would...

The kwacha has depreciated against the South African rand to breach the K0.90 per rand for the first time since November, 2015. And financial market analyst Mambo Hamaundu says the kwacha’s depreciation against the rand will lead to further increases in the cost of goods and services in Zambia, given that South Africa is the...

NAREP president Elias Chipimo says whenever a high profile person is implicated in corruption, it is always clear that they do so with the blessings of very senior people. Commenting on the arrest of Housing and Infrastructure Development Minister Ronald Chitotela by the Anti-Corruption Commission (ACC), Chipimo said it was likely that Chitotela would not...

A 30-year-old businessman has been dragged to court for obtaining K25,000 cash from a woman by falsely pretending that he would multiply it when in fact not. In this matter, Raymond Businge is charged with one count of obtaining money by false pretences, contrary to section 309 of the penal code chapter 87 of the...

University of Zambia (UNZA) Vice Chancellor Professor Luke Mumba says lecturers will be paid their January salaries by today. Early this week, UNZA professional unions issued a joint statement complaining about delayed payments at the institution and warning of anarchy. But in an interview, Prof Mumba said efficiency in paying lecturers’ salaries was dependent upon...

Zambia National Students Union (ZANASU) president Misheck Kakonde has vowed to fight Minister of Higher Education Professor Nkandu Luo's decision to terminate payment of meal allowances to students, even if it means taking the matter to court. In a statement, Thursday, Kakonde wondered why the decision was made without seeking Parliament approval. Kakonde stated that...

UPND mines and mineral development chairman Percy Chanda says the UPND government will undertake a major tax policy and administration reform that will bring various stakeholders on board to design a good tax administration system which can stand the test of time. And Chanda says the nine times that government has changed the mining fiscal...

NDC secretary general Mwenya Musenge says the NDC government will construct fuel depots in all districts and ensure that the country has adequate stocks so that it is protected from price changes of crude oil on the international market. And Musenge says the NDC government will recapitalize Ndola-based Indeni Petroleum Refinery with new technology to...

A Drug Enforcement Commission (DEC) assistance investigations officer has told the Lusaka Magistrates’ Court that she arrested a woman at Kenneth Kaunda International Airport (KKIA) who had 68 tins of ephedrine concealed in two bags labelled rice flour. Rosalin Hameja further told the court that Beatrice Saili lied when she testified that DEC apprehended her...

University of Zambia (UNZA) Media and Communication Studies lecturer Brenda Bukowa says the Independent Broadcasting Authority's decision to suspend Zambezi Magic's Lusaka Hustle show was premature. In a statement, Bukowa stated that just because Kuni wore make up was not proof that he was gay. “To begin with, let me state that I feel that...