ZCCM-IH has approved a reorganisation of its portfolio with the Industrial Development Corporation (IDC) where both entities will transfer their equity held in three corporate entities to the other to achieve optimisation of operations within […]

THE total number of active mobile network subscriptions in Zambia has increased to 17.9 million as at June 30, 2020, an all-time high, exceeding the country’s population, according to ZICTA. And ZICTA says the value […]

LAFARGE Zambia Plc has posted losses of over K12.3 million during its financial half-year period ending June 30, 2020, mainly induced by increased production costs and a devalued kwacha. And the cement company says it […]

ZAMBIAN Breweries Plc has posted huge losses of nearly K15.5 million in its half-year period ending June 30, 2020, mainly triggered by the kwacha’s rapid depreciation against major currency convertibles, which increased the company’s debt […]

THE Bank of Zambia (BoZ) has so far disbursed nearly K1.75 billion out of the K10 billion Medium-Term Refinancing Facility, with Atlas Mara Bank receiving the highest amount of any financial institution of K533 million. […]

THE Chitimukulu of the Bemba speaking people of Northern Province and several other traditional leaders who are shareholders in the Luapula Hydropower Corporation Limited (LHCL) are facing arrest for not surrendering two water rights. Directors […]

FINANCE Minister Dr Bwalya Ng’andu is expected to deliver the 2021 national budget on September 25, 2020, following the just-ended budgetary consultative process. This is according to a statement issued by Ministry of Finance spokesperson […]

THE Ministry of Energy says it is still reviewing all of Zesco Limited’s transmission infrastructure, which could be considered common carrier in line with the Statutory Instrument (SI) Number 57 of 2020. And the Ministry […]

THE annual rate of inflation has marginally decreased to 15.5 per cent in August, down from 15.8 per cent recorded in July, mainly induced by price decreases in food items, according to the Zambia Statistics […]

A 41-year-old Zambian national has been shot dead in unclear circumstances by unidentified people in Kerk street, Central Johannesburg, South Africa. According to a statement issued by Zambia’s first secretary for press in South Africa […]