SECRETARY to the Treasury Felix Nkulukusa says President Hakainde Hichilema will step down from the Industrial Development Corporation (IDC) Board once he gives it strategy, shape and policy direction. Recently, the World Bank recommended removing... […]

EUROPEAN Union Ambassador to Zambia Karolina Stasiak says the EU has resumed a budget support programme to Zambia 10 years since its withdrawal. Addressing the media during the signing ceremony with the Ministry of Finance,... […]

MINISTER of Finance and National Planning Dr Situmbeko Musokotwane says people should allow an increment in electricity tariffs. Dr Musokotwane says there is a limit to what the government can subsidise. Speaking during the Deloitte... […]

SOCIALIST Party leader Fred M’membe says the 2025 national budget places more stress, burden on people. Addressing the media at the court premises yesterday, M’membe said with the current high cost of living, it was... […]

MINES and Minerals Development Minister Paul Kabuswe says the increase in copper production by 6.2 percent this year shows a positive trajectory in attaining the three million tonnes projected by government. During the 2025 national... […]

THE Energy Regulation Board (ERB) has reduced the fuel pump prices for Petrol, Diesel, Kerosene and Jet A-I for the month of October 2024. In a statement, Monday, ERB Board Chairperson James Banda said prices... […]

ECONOMIST Noel Nkoma says government’s projection of 6.6 percent GDP growth in 2025 is very much attainable. During the budget presentation last Friday, Finance and National Planning Minister Dr Situmbeko Musokotwane said government had set... […]

ENERGY Minister Makozo Chikote says government has no control over power that is usually restored at awkward hours. Commenting on recent erratic supply of electricity in an interview, Makozo said the supplier decided as and... […]

FORMER Betternow Finance Company (BFC) Managing Director Noel Nkoma says non performing loans have killed most financial institutions in the country. On Thursday, the Bank of Zambia (BOZ) resolved to terminate the possession of Betternow... […]

THE World Bank report on Zambia’s Public Financial Review has revealed that State Owned Entities (SOEs) averaged losses of $492 million per year between 2019 and 2020. The report states that, given their weak financial... […]