The kwacha should be expected to remain volatile in 2020, trading at an average K13.28 against the United States dollar, says the Economist Intelligence Unit (EIU). And the EIU says Foreign Direct Investment (FDI) coming into Zambia is forecast to shrink even further owing to the depressed economic outlook, compounded by a cocktail of factors,...

Foreign Affairs Minister Joe Malanji says he is not aware that the United States government has withdrawn its Ambassador to Zambia Daniel Foote after President Edgar Lungu declared that he does not want the Envoy in the country. The Zambian government had written a demarche to the American government, expressing concern over Ambassador Foote’s views...

NDC Leader Chishimba Kambwili says there is no law that supports President Edgar Lungu's move to cut salaries for public servants and parastatal heads. And Kambwili who is former chief government spokesperson says his government will kill citizens by overburdening them with escalating standards of living. At a press briefing held at his Luanshya residence,...

The Football Association of Zambia has terminated the contract of its communications manager Mwazipeza Sakala Chanda, barely a year after partying ways with former manager Desmond Katongo. FAZ general secretary Adrian Kashala stated that the two parted ways on mutual agreement, adding that Chanda would be at FAZ House not later than January 31. "The...

Former Finance Minister Felix Mutati says the African Continental Free Trade Area (ACFTA) Agreement will give meaning to the African Union’s 2063 Agenda if well implemented. In an interview, Mutati said the opening up of the AFTA Agreement would be the biggest game-changer in terms of improving Africa’s socio-economic fortunes, especially at a time when...

Robert Sichinga says it is regrettable that Zambians are now paying for the Patriotic Front’s mismanagement of the economy by having to bear the escalating cost of living. And Sichinga, the former Minister of Commerce, says if President Edgar Lungu fails to manage the economy, it will manage him. He said in an interview that...

The African Development Bank (AfDB) has lifted sanctions that were imposed on Zambia after confirming receipt of the US$1.4 million debt owed to the bank. Last week, AfDB announced that it had imposed sanctions on Zambia for non-payment of a US$1.4 million debt, which the government assured would be settled in due course. Zambia joined...

Dundumwezi UPND member of parliament Edgar Sing’ombe says the hunger situation in his constituency has continued to worsen such that 200 households in certain areas are made to share only two 50 kilogramme bags of maize. Sing’ombe has further regretted that the recent fuel price increase by the Energy Regulation Board (ERB) will cause some...

Musa Mwenye, State Counsel, says reducing senior government officials' salaries cannot have any impact on the Zambian economy. In a statement, Sunday, Mwenye argued that stoping corruption, wastefulness and theft of public resources was the only thing that could make a difference. "Reducing salaries, whether voluntarily or not, will not have a significant impact on...

Kembe Estates Limited has dragged First National Bank (FNB) Zambia Limited to the Lusaka High Court seeking a declaration that the bank breached terms of two crop credit facilities worth over US$1.2 million. Kembe Estates, a private company carrying out the business of farming, is further seeking damages for breach of the two crop facilities,...