Archive: 26 August 2019

26 Aug 2019 | Stuart Lisulo

First Capital Bank has highest interest rate on loans – BoZ

First Capital Bank Zambia Limited has been found to be Zambia’s most expensive lender of loan facilities among the 18 commercial banks, charging clients the highest interest rate of 32.25 per cent on personal loans. […]

26 Aug 2019 | Mukosha Funga Njenga

ZRA resolves $7.6 billion tax “evasion” by Kalumbila, waives some penalties

The Zambia Revenue Authority (ZRA) says it has resolved the US$7.6 billion tax evasion dispute with Kalumbila Mines, which is owned by First Quantum Minerals (FQM). Responding to a press query that sought to find […]

26 Aug 2019 | Natasha Sakala

UPND MPs vow to walk out of Parley if Bill 10 debates proceed

Sesheke UPND member of parliament Romeo Kang’ombe says UPND MPs will walk out of Parliament if the PF continues with its plan to proceed with the Constitutional Amendment Bill Number 10 of 2019. And Kasempa […]

26 Aug 2019 | Julia Malunga

I don’t supervise Parley or judiciary to explain different decisions on Bill 10, impeachment – Lubinda

Justice Minister Given Lubinda says he will not be lured into giving his opinion on why Speaker of the National Assembly Dr Patrick Matibini decided to halt the Impeachment Bill on account of it being […]

26 Aug 2019 | Natasha Sakala

Katambo insists Zambia is food secure, as ZNFU condemns maize price controls

Agriculture Minister Michael Katambo says the ongoing smuggling of maize outside Zambia is distorting the availability of the commodity in the country and affecting mealie meal prices. And the Minister has emphasised that the country […]

26 Aug 2019 | Natasha Sakala

Maintaining maize subsidies hasn’t worked to reduce mealie meal prices – CSPR

The Civil Society for Poverty Reduction (CSPR) says maintaining maize subsidies is unsustainable as it does not guarantee a reduction in mealie meal prices. And Musosa has urged government to ascertain the reasons behind the […]

26 Aug 2019 | Ulande Nkomesha

Zesco’s extended load shedding hours aren’t a surprise – Akafumba

Josephs Akafumba has said Zesco Limited’s increased load shedding hours are not a surprise but a reflection of poor planning on the power’s utility’s part and the bad leadership that has caused most of today’s […]

26 Aug 2019 | Ulande Nkomesha

It’s impossible for PF to fix economy – Milupi

Alliance for Democracy and Development (ADD) president Charles Milupi says the depletion of Zambia’s gross international reserves will make it difficult for the PF government to reverse the deteriorating economic situation. And Milupi says that […]

26 Aug 2019 | Zondiwe Mbewe

Resource nationalism displayed by PF will deter investment in the run-up to the 2021 elections – EIU

The UK-based Economist Intelligence Unit (EIU) says the resource nationalism displayed by the Patriotic Front will deter investment in the run-up to the 2021 elections. EIU further says it expects the budget deficit to widen, […]

26 Aug 2019 | Natasha Sakala

Africa’s mounting debt hurting developmental projects – Ng’andu

Minister of Finance Dr Bwalya Ng’andu says Africa is at a crossroads due to increasing debt levels and debt servicing that has impacted adversely on developmental investments and social sector provisions. And Dr Ng’andu says […]