Stuart Lisulo

Author Bio

About Douty Chibamba

Stuart (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

HH writes IMF, submits economic recovery plan
By Stuart Lisulo on November 19, 2019
UPND leader Hakainde Hichilema has written to the International Monetary Fund’s country office in Lusaka, presenting a multi-faceted approach and view on how he believes....
Mopani appoints Bullock as new CEO
By Stuart Lisulo on November 11, 2019
Mopani Copper Mines Plc has announced the appointment of its new chief executive officer, Nathan Bullock, who joins the company from BHP Olympic Dam Mine....
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ConCourt ruling on ex-ministers different from my 2021 eligibility, this one is questionable – Lungu
By Stuart Lisulo on November 10, 2019
President Edgar Lungu says unlike the question on his 2021 eligibility which was easy, the Constitutional Court’s ruling compelling former Cabinet Ministers to pay back....
Mining in lower Zambezi will not go ahead – Chitotela
By Stuart Lisulo on November 7, 2019
Tourism and Arts Minister Ronald Chitotela has disclosed that his Ministry has still not yet received an application from Australian miner, Zambezi Resources Limited, to....
Govt’s marriage with Vedanta irreparably broken, there’s no reconciliation – Musukwa
By Stuart Lisulo on November 7, 2019
Mines Minister Richard Musukwa says it remains undisputed that government’s marriage with Vedanta Resources Plc has irreparably broken down and that both parties will not....
Zambia Sugar posts increased profits of K270m
By Stuart Lisulo on November 7, 2019
Zambia Sugar Plc has posted increased profits of nearly K270 million during its financial year period ending August 31, 2019, boosted mainly by improved domestic....
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Zesco projects K16.1bn in revenue from 113% electricity tariff hike
By Stuart Lisulo on November 6, 2019
Customers in the residential category will pay an increased power tariff of 106 per cent this month, meaning that electricity bills at this rate could....
Govt can’t afford to re-launch Zambia Airways when it defaulted on Russian Super-jet – CTPD
By Stuart Lisulo on November 6, 2019
The Centre for Trade Policy and Development (CTPD) says it is concerned about Zambia Airways Limited’s financing model considering government’s stressed fiscal position and ongoing....
28 miners trapped after power outage at Konkola, Milingo says no fatalities
By Stuart Lisulo on November 6, 2019
A two-hour power outage at Konkola Copper Mines on Monday caused flooding at Shaft One in Chililabombwe, leaving 28 miners trapped underground before power was....
Mopani retrenches 122 miners
By Stuart Lisulo on November 5, 2019
Mopani Copper Mines Plc has laid off a total of 131 employees, including 15 expatriates, who were made redundant as a result of the closure....
FQM posts 192,510 tonnes in copper production
By Stuart Lisulo on November 5, 2019
First Quantum Minerals Limited has posted a total of 192,510 metric tonnes in copper production during the third quarter of 2019, partly boosted by increased....
Inflation rises to 10.7%
By Stuart Lisulo on November 1, 2019
The annual rate of inflation has increased to 10.7 per cent in October, up from 10.5 per cent recorded in September, the highest on record....
I’m consulting mines ministry on Lower Zambezi project – Chitotela
By Stuart Lisulo on October 30, 2019
Minister of Tourism and Arts Ronald Chitotela says there is need to reach a consensus with his counterparts at both the Ministry of Mines and....
Barclays Bank Zambia scoops 2019 Best Retail, Corporate Bank
By Stuart Lisulo on October 30, 2019
Barclays Bank Zambia Plc has been named the 2019 Best Retail Bank and Best Corporate Bank by International Business Magazine. And the magazine has also....
LAZ hopes ZIALE reforms will trigger higher pass rate
By Stuart Lisulo on October 23, 2019
The Zambia Institute of Advanced Legal Education (ZIALE) is undertaking reforms relating to Student Rules and its curriculum to address the high entry-level barriers law....
Excessive bureaucracy can discourage investors, warns German Envoy
By Stuart Lisulo on October 21, 2019
German Ambassador to Zambia Achim Burkart says bureaucracy remains a key challenge which cooperating partners and the private sector still face in trying to work....
Barrick plans full sale of Lumwana
By Stuart Lisulo on October 12, 2019
Barrick Gold Corporation has revealed that it is considering a full sale of its subsidiary Lumwana Copper Mines (LCM) in North-Western Province, potentially putting nearly....
MTN appoints Hofker as new CEO, replacing van Dalsen
By Stuart Lisulo on October 8, 2019
MTN Zambia have announced the appointment of its new chief executive officer Bart Hofker effective October 1, 2019, following former CEO Philip van Dalsen’s resignation....
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Mineworkers union, local contractors hail Milingo for keeping KCM ‘afloat’
By Stuart Lisulo and Ulande Nkomesha on September 24, 2019
Konkola Copper Mines (KCM) Plc has continued to meet their financial obligations in a timely manner, even under the current difficult circumstances, says the Association....
PWYP advises govt to invest windfall earnings into sovereign wealth funds
By Stuart Lisulo on September 23, 2019
Publish What You Pay (PWYP) says it expects the 2020 national budget to explore strategies for investing windfall earnings into sovereign wealth funds as a....
20,000 mining jobs at risk due to sales tax, Chamber warns
By Stuart Lisulo on September 19, 2019
Implementing the Goods and Services Tax (GST) risks resulting in the loss of over 20,000 indirect jobs in the mining sector if government insists on....
Bailiffs seize furniture, laptops from Atlas Mara
By Stuart Lisulo on September 19, 2019
Atlas Mara Zambia says it deeply regrets the interruption in the provision of its banking services that occurred on Wednesday as a result of an....
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Zesco tariffs to go up by 75%, we also need to revise fuel prices – Minister
By Stuart Lisulo on September 18, 2019
Energy Minister Mathew Nkhuwa says electricity tariffs could go up by as high as 75 per cent, similar to the previous increment effected in 2017.....

Insolvent Vodafone Zambia announces sale

By Stuart Lisulo on 17 Sep 2019

Mobile Broadband Limited, trading as Vodafone Zambia, has announced a formal sale of the company following the inability by its shareholders to inject much-needed capital....

ZCCM-IH’s records 45% drop in profits

By Stuart Lisulo on 13 Sep 2019

ZCCM-IH posted reduced profits after tax of K462 million during its financial year ending March 31, 2019, triggered by increased losses incurred at subsidiaries Investrust....

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

Re-introducing deputy ministers will be a burden on govt, BoZ warns

By Stuart Lisulo on 12 Sep 2019

The Bank of Zambia (BoZ) has warned that attempts to re-introduce deputy ministers will add to the cost of running government as these office bearers....

US-SADC launch $370,000 hybrid maize seed export initiative

By Stuart Lisulo on 12 Sep 2019

The U.S. government, in partnership with the Southern African Development Community (SADC) Secretariat and Zambian government, have formally commissioned the first hybrid maize seed export....

Katambo accuses mealie meal retailers of adding K50 mark-up per bag

By Stuart Lisulo on 10 Sep 2019

Agriculture Minister Michael Katambo has accused private sector companies of taking advantage of Zambia’s drought conditions this year to hike mealie meal prices by adding....

Mines hope 2020 budget will restore Zambia’s mining sector

By Stuart Lisulo on 10 Sep 2019

The Zambia Chamber of Mines says it hopes that the forthcoming 2020 national budget will help restore the mining sector’s productivity and return Zambia to....

South Africa’s Finance Minister calls for end to hatred for others

By Stuart Lisulo on 9 Sep 2019

South Africans’ hatred for other Africans must become a thing of the past, says its Finance Minister Tito Mboweni. Speaking during the opening plenary of....

KCM liquidation shrinks CEC’s cashflows, slashes profits

By Stuart Lisulo on 8 Sep 2019

Copperbelt Energy Corporation (CEC) Plc has recorded a negative cash flow generated from its operating activities of nearly K34 million in its 2019 financial half-year,....

World Economic Forum kicks-off, sets corruption on agenda

By Stuart Lisulo on 3 Sep 2019

The 2019 World Economic Forum (WEF) on Africa kicks-off this week in Cape Town, South Africa, with a rallying call to action to tackle corruption....

Africa failing to win hunger war, despite gains in Agriculture – AfDB

By Stuart Lisulo on 2 Sep 2019

Africa is not winning the war to end hunger, says African Development Bank (AfDB) group president Dr Akinwumi Adesina. And Japanese Prime Minister Shinzo Abe....

Inflation jumps to 9.3%

By Stuart Lisulo on 30 Aug 2019

The annual rate of inflation has leaped to 9.3 per cent in August, up from 8.8 per cent recorded in July, the highest on record....

Sales Tax will kill Zambia’s mining industry, warns Saasa

By Stuart Lisulo on 29 Aug 2019

Renowned economist Professor Oliver Saasa says government’s determination to eventually implement the Goods and Services Tax (GST) on January 1, 2020, will eventually result in....

Air France-KLM Cargo resumes flights to Lusaka

By Stuart Lisulo on 29 Aug 2019

Air France KLM Martinair Cargo has announced a resumption of its freight services into Lusaka from Amsterdam in September, 2019, since stopping the service back....

Zambian Breweries posts K193m profit

By Stuart Lisulo on 29 Aug 2019

Zambian Breweries Plc has posted increased of profits after tax of K193 million in the half-year period ending June 30, 2019, partly triggered by increased....

Zambia’s economy gloomy following credit rating downgrade – FNB

By Stuart Lisulo on 27 Aug 2019

Zambia’s economic position continues to be gloomy following the downgrade of the country’s long-term foreign currency ratings deeper into junk status by Standards and Poor’s....

First Capital Bank has highest interest rate on loans – BoZ

By Stuart Lisulo on 26 Aug 2019

First Capital Bank Zambia Limited has been found to be Zambia’s most expensive lender of loan facilities among the 18 commercial banks, charging clients the....

Govt willing to discuss “user-friendly” exit for Vedanta – Musukwa

By Stuart Lisulo on 23 Aug 2019

Mines and Minerals Development Minister Richard Musukwa says government is willing to listen to any progressive talks that will structure a “user-friendly” exit of the....

If austerity measures were working, we wouldn’t be having these problems – BoZ

By Stuart Lisulo on 22 Aug 2019

If austerity measures were working well, we wouldn’t have the kind of challenges we are having, says Bank of Zambia (BoZ) governor Dr Denny Kalyalya.....

Kwacha slides back to hit K13 per dollar

By Stuart Lisulo on 9 Aug 2019

The kwacha has depreciated to hit the K13.00 per dollar pyschological barrier for the first time in three months, owing to a resumption in high....

Don’t stop us, we want to talk about corruption – Zukas

By Stuart Lisulo on 1 Aug 2019

Veteran politician and acclaimed freedom fighter Simon Zukas has warned that politicians peddling tribal sentiments risk dividing Zambia and degenerating into gang warfare. And Zukas,....