THE Energy Regulation Board (ERB) has maintained the fuel pump prices for December at K29.98 for petrol, K29.96 for diesel, K29.29 for Jet A1 and K20.44 for kerosene. ERB also maintained the fuel pump prices for the month of November at the mentioned prices. At a media briefing, Thursday, ERB Board Chairperson Reynolds Bowa explained...

RTSA and ZRA have revealed that from the 33, 045 vehicles which were reported last year not to have matching customs clearance records, 753 were established to have anomalies at importation. In a joint statement, Thursday, RTSA and ZRA stated that this resulted in the government losing K27.2 million in revenue. They, however, disclosed that...

THE annual inflation rate for November 2023 has increased to 12.9 percent from the 12.6 percent recorded in October 2023. And the Zambia Statistics Agency (ZamStats) has dispelled inflation figures attributed to unofficial sources and has urged the public to rely on the official numbers it produces. At a media briefing, Thursday, ZamStats Statistician General...

ZCCM Investments Holdings has unveiled International Resources Holding RSC Limited (IRH), an affiliated company of Abu Dhabi conglomerate International Holding Company, as the new strategic equity partner for Mopani Copper Mines. ZCCM-IH says IRH will, among other things, inject funds into the mining company which will be used to stabilise short-term working capital, fund the...

EDUCATION Minister Douglas Syakalima says creating more classroom space amid the free education agenda is a huge task which government can't do alone and has since called for collaborative efforts from the corporate world. Meanwhile, Zesco Limited, through its subsidiary Kafue Gorge Lower Power Development Corporation Limited, has handed over Chasunta Boarding School in Chikankata...

ZESCO Limited and First Quantum Minerals Limited (FQM) have signed a 10 year Power Supply Agreement (PSA) following the expiration of a 20 year contract on November 4, 2023. ZESCO Managing Director Victor Mapani has described the new agreement as a great milestone that marks a new chapter in the corporation’s partnership with its valued...

NEW Heritage Party president Chishala Kateka says the country is not seeing a well thought out approach to resolving the current economic issues, urging government to embrace ideas from everyone in order to see some change. And Kateka says Ndola City Council’s now abandoned idea of introducing a wheelbarrow vendor levy shows lack of seriousness...

NDOLA City Council Town Clerk George Mulenga says the council came up with the idea of introducing a wheelbarrow vendor levy so that operators could also contribute towards the maintenance of public places. Mulenga, however, says the meeting which the council intended to have with wheelbarrow operators, but has been canceled, was meant to be...

ECONOMIST Noel Nkhoma says the Zambian market has become highly speculative due to the depreciating Kwacha. Last week, the Bank of Zambia announced that it had raised the Statutory Reserve Ratio (SRR) to 17 percent, barely three weeks after it was adjusted to 14.5 percent. In an interview, Nkhoma said the vulnerability in the local...

THE Millers Association of Zambia (MAZ) says government’s cheap mealie meal intervention, through the Zambia National Service (ZNS) and the Zambia Correctional Service (ZCS), has negatively impacted commercial millers. In an interview, Thursday, MAZ president Andrew Chintala lamented that ZNS and ZCS were accessing cheaper maize than the commercial millers. “First of all, I think we...