Stuart Lisulo

Author Bio

About Chibamba Kanyama

Stuart Lisulo (Deputy News Editor) is an experienced journalist, with a focus on business news. He studied History at undergraduate level and has a Masters in International Journalism from the University of Central Lancashire in Preston, England. Having worked for the Post Newspapers for over three years, he has amassed experience as a practising journalist.

Email: stuart [at] diggers [dot] news

ZRA pays KCM over K95m in tax refunds, to pay liquidator’s legal fees
By Stuart Lisulo on July 11, 2019
The Zambia Revenue Authority (ZRA) has paid Konkola Copper Mines close to K100 million in tax refunds, money which the mining company has allegedly used....
Defer Sales Tax to Jan 1, Chamber of Mines urges govt
By Stuart Lisulo on July 8, 2019
The Zambia Chamber of Mines has urged government to consider deferring the Goods and Services Tax (GST) to January 1, 2020, because implementing it after....
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African parliaments need two-thirds majority to arrest reckless debt accumulation – Musokotwane
By Stuart Lisulo on July 8, 2019
African parliaments must aggressively push for a two-thirds parliamentary majority to authorize contraction of new public debt to arrest the mounting crisis engulfing countries, says....
ZNFU cries foul over FRA’s K110 maize price
By Stuart Lisulo on July 7, 2019
The Food Reserve Agency (FRA) have announced its maize purchase price of K110 per 50Kg bag for the 2019 crop marketing season, an increase by....
Inflation jumps to 8.6%
By Stuart Lisulo on July 2, 2019
The annual rate of inflation has leaped to 8.6 per cent in June, up from 8.1 per cent recorded in May, the highest on record....
China writes off US$22m debt, as talks for KCM takeover gain momentum
By Stuart Lisulo on June 26, 2019
State-owned Times of Zambia reports that China has written off more than US $22 million of debt owed by the African Copper mining giant, as....
National Financial Switch will slash bank charges, fees – BoZ
By Stuart Lisulo on June 21, 2019
Zambians will soon enjoy the benefits of reduced financial transaction charges and fees once the National Financial Switch (NFS) platform is fully implemented, says Zambia....
Zambeef posts K31.8 million loss
By Stuart Lisulo on June 20, 2019
Zambeef Plc has posted massive losses after tax of K31.8 million, triggered by the depreciating Kwacha, which slashed Zambian consumers’ purchasing power and pushed up....
Lift ban on livestock movement, it’s suicidal for farmers – CTPD
By Stuart Lisulo on June 18, 2019
Government needs to lift the prolonged ban of the movement of livestock in some areas around the country because the status quo is suicidal for....
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Chamber of Mines reiterates appeal to review 2019 tax regime
By Stuart Lisulo on June 17, 2019
Government must urgently review the 2019 mining fiscal regime to ensure that growth in the sector is sustained and tax revenues to the Treasury are....
Banks’ interest rates rise to 25% – BAZ
By Stuart Lisulo on June 17, 2019
Interest rates on loan facilities offered by commercial banks will hit a nominal average of 25 per cent following the Bank of Zambia’s (BoZ) increased....
KCM has so far produced 860mt copper against a target of 12,500 in June
By Stuart Lisulo on June 14, 2019
Konkola Copper Mines (KCM) Plc has so far only produced 860 metric tonnes of copper against a target of 12,500 in June. And management of....
KCM employee dies in Nchanga smelter accident
By Stuart Lisulo on June 14, 2019
Konkola Copper Mines (KCM) has announced a fatal incident at its Nchanga smelter in Chingola that occurred Thursday evening involving a 42-year-old contracted worker. In....
Bloomberg Media Initiative Africa expands financial journalism training programme
By Stuart Lisulo on June 13, 2019
The Bloomberg Media Initiative Africa (BMIA) announced the expansion of its Financial Journalism Training (FJT) programme to five African countries following the success of the....
Dipak tips PF govt on how to survive economic crisis
By Stuart Lisulo on June 12, 2019
President Edgar Lungu, the Judiciary and all MPs must freeze their salaries for the next two years if government will free up much-needed funds to....
Govt liquidated KCM without regard to consequences – ZCCM-IH shareholders
By Stuart Lisulo on June 11, 2019
Euronext, minority shareholders of ZCCM-IH, says government’s move to arbitrarily liquidate Vedanta Resources’ Konkola Copper Mines (KCM) Plc was hastily done without preparation. But the....
China unlikely to grant Zambia debt relief – Barclays UK
By Stuart Lisulo on June 11, 2019
Barclays Bank UK says China is unlikely to give the Zambian government comprehensive debt relief as there is little incentive to do so. And Barclays....
Sales Tax will subject Zambians to worse economic hardships – ZTP
By Stuart Lisulo on June 11, 2019
The impending Sales Tax will subject Zambians to even worse economic hardships than what is being experienced now, the Zambia Tax Platform (ZTP) has warned.....
When your stay endangers the presidency, you have to step down – Chanda
By Stuart Lisulo on June 7, 2019
One must listen to his or her inner voice whenever there is a feeling that a continued stay in public office may endanger the political....
Govt must lift ban on livestock movement – Ngoma
By Stuart Lisulo on June 7, 2019
Government must urgently lift the ban on livestock movement to safeguard farmers’ incomes and address the shortage of beef in some areas of the country,....
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Amos Chanda resigns
By Stuart Lisulo on June 6, 2019
Special Assistant to the President for Press and Public Relations Amos Chanda has resigned. Chanda announced his resignation at State House this afternoon. Details later.
K10.6bn lost to financial crimes in 2 years could’ve helped solve Zambia’s problems – CTPD
By Stuart Lisulo on June 5, 2019
The amount of money Zambia lost to financial crimes in 2017 and 2018 totals K10.6 billion, which far surpasses the country’s 2019 health and social....
Fuel price hike imminent – NKC
By Stuart Lisulo on June 4, 2019
Fuel prices are expected to rise sharply in view of the kwacha’s weak performance against major currency convertibles and increased crude oil prices on the....

Mvunga warns businesses pricing in dollar: “they risk losing govt deals”

By Stuart Lisulo on 4 Jun 2019

Deputy Secretary to the Cabinet Christopher Mvunga says the legal tender in Zambia is Kwacha and there is no business house that is encouraged to....

Mealie meal supply to drought-hit areas may remain erratic – Kazabu

By Stuart Lisulo on 4 Jun 2019

Former Agriculture and Livestock deputy minister Lackson Kazabu says he strongly doubts that drought-hit areas of the country will receive a stable and consistent supply....

Kafubu Water sustained highest revenue losses in 2018 – NWASCO

By Stuart Lisulo on 4 Jun 2019

The Kafubu Water and Sewerage Company (KWSC) was found to have the highest revenue losses last year of over K236 million due to illegal connections....

101,000 Lusaka residents still openly defecate – LCC

By Stuart Lisulo on 3 Jun 2019

Four per cent of Lusaka’s 2.5 million residents are still openly defecating, a practice of excreting and disposing of solid human waste in an unhygienic....

11 water utilities will now offer sanitation services – NWASCO

By Stuart Lisulo on 3 Jun 2019

All 11 water utilities around the country will be expected to upgrade their service provision from sewerage to sanitation following a change in their licensing....

Inflation jumps to 8.1%

By Stuart Lisulo on 1 Jun 2019

The annual rate of inflation has increased to 8.1 per cent for May, 2019, mainly triggered by price increases in dried fish and kapenta, Central....

Zambia Railways’ poor performance due to incompetence – Chipewo

By Stuart Lisulo on 31 May 2019

Zambia Railways Limited is likely to remain loss-making because the parastatal has employed staff who are not competent enough to make it profitable, says transport....

Sales Tax will trigger massive job losses, warns ZICA

By Stuart Lisulo on 31 May 2019

The impending Sales Tax is likely to trigger massive job losses in the country in its current form, the Zambia Institute of Chartered Accountants (ZICA)....

58% of Zambia’s farmers prefer E-Voucher – CUTS

By Stuart Lisulo on 29 May 2019

58 per cent of farmers nationwide prefer using the electronic voucher over the old traditional Direct Input Supply (DIS) system under the Famer Input Support....

Zambians should expect to continue suffering economic hardships – CTPD

By Stuart Lisulo on 29 May 2019

Zambians are expected to continue facing hard economic times with escalating poverty levels if government fails to urgently implement corrective fiscal measures, says the Centre....

Money supply in circulation has contracted – BoZ

By Stuart Lisulo on 27 May 2019

Money supply remains a pressing challenge that needs to be seriously addressed to kick-start Zambia’s economic growth, says Bank of Zambia (BoZ) governor Dr Denny....

BoZ explains 14.9% Kwacha depreciation

By Stuart Lisulo on 23 May 2019

The Kwacha depreciated sharply against major currency convertibles in a space of six weeks, losing value by nearly 15 per cent, triggered by dwindling dollar....

Bank of Zambia governor Dr Denny Kalyalya speaks to journalist - picture by Tenson Mkhala

BoZ hikes Monetary Policy Rate to 10.25%

By Stuart Lisulo on 22 May 2019

The Bank of Zambia has hiked the Monetary Policy Rate (MPR) in a bid to contain rising inflationary pressures, which look set to breach the....

ZNBS in K26.7m mortgage irregularities

By Stuart Lisulo on 21 May 2019

The Zambia National Building Society (ZNBS) had 56 mortgages in amounts totalling K26.7 million with various irregularities, such as unregistered mortgages and missing mortgage deeds,....

Zambia Railways remains loss making – AG

By Stuart Lisulo on 20 May 2019

Zambia Railways Limited has remained loss-making for three consecutive financial years between the period 2015-2017, with the highest amount being over K134 million in its....

Govt takeover of KCM sends staff into panic

By Stuart Lisulo on 20 May 2019

The announced takeover of Vedanta’s Konkola Copper Mines (KCM) by government has ignited panic and anxiety in the company’s workforce, as both managers and unionised....

Kwacha hits K14 per dollar

By Stuart Lisulo on 17 May 2019

The kwacha continued to depreciate sharply against major currency convertibles to sink and crash through the K14.00 per dollar psychological barrier, the weakest since November,....

Sales Tax will shut down businesses, warns Mutati

By Stuart Lisulo on 17 May 2019

Zambian small-scale businesses are all going to shut down following the implementation of the controversial Sales Tax after next month, former Finance Minister Felix Mutati....

Auditor General reveals K1.6 million salary, leave pay irregularities at IDC

By Stuart Lisulo on 15 May 2019

The Industrial Development Corporation (IDC) awarded unsupported leave pay to selected employees exceeding K1.4 million during its financial year ending December 31, 2017, while irregular....

MTN launches ‘Ka Toffee’ smart phone at K275

By Stuart Lisulo on 15 May 2019

MTN Zambia has launched a new smart feature phone powered by KaIOS software, a web-based mobile operating system, that holds all the sought-after services at....