The Bankers Association of Zambia (BAZ) says non-performing loans were a major challenge for the sector in 2019 despite improving to 9.1 per cent from 9.5 per cent in October. Meanwhile, the Association has urged government to accelerate the dismantling of arrears to government contractors to avoid accumulation of new arrears. The Banking industry wide...

We have 79 amendments in Bill 10 and out of those, only seven were objected to because the other 72 were straight forward, says government chief whip Brian Mundubile. And Mundubile says enacting Bill 10 will reinforce Zambia's anti-homosexuality stance by entrenching Christian beliefs in the Constitution. In an interview, Mundubile also advised parliamentarians to...

Zambia's annual rate of inflation is expected to remain in double-digits this year owing to the hiked electricity tariffs and fuel pump prices, says FNB Zambia. In a 2020 economic outlook released, Tuesday, FNB stated that inflation is expected to remain elevated in 2020 on account of higher electricity tariffs and fuel pump prices adjusted...

Minister of General Education David Mabumba has admitted that marking of Grade 12 exams has not commenced, saying the markers were prioritizing the Grade seven and Grade nine examinations. On Monday, NDC leader Chishimba Kambwili said marking of Grade 12 exams had not commenced due to lack of funds. “The marking of 2019 Grade 12...

Former special assistant to the President for press and public relations Amos Chanda has finally appeared in the Lusaka Magistrates' Court on charges of corrupt practices and possession of property suspected to be proceeds of crime. The Drug Enforcement Commission (DEC) arrested Chanda on November 14, 2019 and charged him with corrupt practices by a...

President Edgar Lungu says there should be a contest of noble development politics this year rather than a contest of insults that ultimately benefit no one. In a statement shared on his official Facebook page, Wednesday, President Lungu said opposition parties should take heed to Kenya’s Vice-President William Ruto's challenge that the opposition must compete...

The kwacha has resumed its depreciating trend against major currency convertibles, closing 2019 at K14 per dollar owing to a sustained high demand for the greenback on the local market versus little supply. According to market players, the kwacha depreciated to hit the K14 per dollar barrier for the third time this year, closing 2019...

It shall be written in the history books that once, there came an Ambassador from the United States of America who unsettled the authorities in Zambia by condemning the theft of public resources, misappropriation of donor aid and corruption among higher authorities in government. An ambassador who stood his grounds and refused to be cowed...