Stuart Lisulo

Author Bio

About Stuart Lisulo

Stuart Lisulo is an experienced Zambian journalist with a focus on business news.
Email: stuart [at] diggers [dot] news

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 practicing journalist.
Email: stuart [at] diggers [dot] news

Govt orders FRA to give millers maize to avert crisis
By Stuart Lisulo on November 16, 2018
The Food Reserve Agency (FRA) has started to offload 35,000 metric tonnes of maize to selected millers on the Copperbelt Province to address a ‘perceived’....
KCM starts dismantling $80mn debt by paying local contractors
By Stuart Lisulo on November 16, 2018
Konkola Copper Mines (KCM) has so far paid a total of around US $3 million towards its debt owed to local contractors and suppliers, an....
ZRA intercepts smuggled Christmas chickens
By Stuart Lisulo on November 13, 2018
The Zambia Revenue Authority (ZRA) has intercepted a truck with smuggled chicken pieces worth K260,000 in unpaid taxes. In a statement, ZRA corporate communications manager....
Speed cameras will lower govt’s non-tax collection revenue – KPMG
By Stuart Lisulo on November 12, 2018
Government cannot achieve its non-tax revenue target in 2019 because Zambians are successfully managing to avoid paying excessive speeding fines, says KPMG, the globally-renowned audit,....
Lungu could lose 2021 polls if opposition unites – EIU
By Stuart Lisulo on November 9, 2018
President Edgar Lungu could lose the 2021 general election if opposition political parties decide to form a broad-based coalition, says the latest Economist Intelligence Unit....
Fiscal consolidation an illusion – CTPD
By Stuart Lisulo on November 7, 2018
Government will fail to deliver on its promise of fiscal consolidation in the 2019 national budget next year because expenditure will far exceed revenue mobilization,....
MPs back return of mineral sharing mechanism
By Stuart Lisulo in Siavonga on November 5, 2018
Parliamentarians from a cross-section of political parties have endorsed a proposal to return the Mineral Revenue Sharing Mechanism (MRSM) back to the Mines and Minerals....
Yamba warns thieving PSs on abuse of funds
By Stuart Lisulo on November 5, 2018
Secretary to the Treasury Fredson Yamba has warned that all erring controlling officers found abusing public resources will sternly be dealt with. In a statement....
NAPSA fund targets to hit K50 billion by 2021
By Stuart Lisulo on November 2, 2018
The National Pension Scheme Authority (NAPSA) says it is projecting to hit between K45 billion to K50 billion in membership contributions by 2021, expected to....
Below normal rainfall could heighten food insecurity – IAPRI
By Stuart Lisulo on October 31, 2018
The risks posed by normal to below normal rainfall this farming season demand for urgent contingency plans to mitigate against high levels of food insecurity,....
Cargill shuts Lusaka oilseed refinery, 260 jobs lost
By Stuart Lisulo on October 31, 2018
Cargill, an agro-processing company, has ceased to run all operations at its soybean crush and vegetable oil refinery in Lusaka effective end of October, 2018,....
ZRA still owes mines $600 million in VAT refunds
By Stuart Lisulo on October 29, 2018
The Zambia Revenue Authority (ZRA) still owes mining companies an outstanding US $600 million in unpaid VAT refunds, according to the Chamber of Mines. Responding....
SOEs resistant to reform will not be tolerated, warns Mwanakatwe
By Stuart Lisulo on October 29, 2018
Finance Minister Margaret Mwanakatwe has warned all State-Owned Enterprise (SOE) against resisting reforms that are necessary to deliver profits to their shareholders. Speaking on the....
ZRA targets to capture more tax payers via Zamtel Kwacha
By Stuart Lisulo on October 27, 2018
Zamtel Plc has partnered with the Zambia Revenue Authority (ZRA) to launch a mobile tax payment system using Zamtel Kwacha to help its customers remit....
Inflation rises to 8.3%
By Stuart Lisulo on October 26, 2018
The annual rate of inflation has leaped to 8.3 per cent, up from 7.9 per cent recorded in September, the highest on record this year....
Govt sacks more thieving accountants
By Stuart Lisulo on October 22, 2018
Government, through the Civil Service Commission, has dismissed 12 accounting and one operations staff who were involved in various offences involving public funds, including theft.....
KPMG warns against Sales Tax implementation
By Abraham Kalito and Stuart Lisulo on October 19, 2018
KPMG, the globally-renowned audit, tax and advisory services firm, has warned that government’s insistence to introduce Sales Tax next April will create uncertainty in the....
IMF team expected to re-engage Zambian govt next month – WB
By Stuart Lisulo on October 18, 2018
An International Monetary Fund (IMF) team is expected in the country to meet with the Zambian government next month and resume discussions on the country’s....
Mining tax proposals will hurt mineral exploration – AZMEC
By Stuart Lisulo on October 17, 2018
Government’s tax change proposals as contained in the 2019 national budget will dampen prospects of attracting much-needed investment in mineral exploration, says the Association of....
Copperbelt Energy Corporation separates from Liquid Telecom
By Stuart Lisulo on October 17, 2018
The Copperbelt Energy Corporation Plc (CEC) has sold its 50 per cent shareholding in CEC Liquid Telecommunication Limited (CEC Liquid Telecom) to pan-African telecoms group,....
MTN launches new range of numbers under 076 prefix
By Stuart Lisulo on October 16, 2018
MTN Zambia has announced the launch of an additional new range of numbers and expanded its existing subscriber base aimed at allowing different customers to....
Zambian troops not involved in sexual exploitation at peace keeping missions, says Chama
By Stuart Lisulo on October 16, 2018
Minister of Defence Davies Chama says Zambia’s defence forces that have taken part in recent peace-keeping missions have not recorded any casualties. According to a....
Kwacha tumbles on Fitch credit downgrade
By Stuart Lisulo on October 14, 2018
The kwacha marginally depreciated against major currency convertibles to remain above the K12 per dollar barrier, while maintaining strong volatility following Zambia’s credit rating downgrade.....

Fitch Ratings downgrades Zambia’s credit rating to B-

By Stuart Lisulo on 12 Oct 2018

Fitch Ratings has downgraded Zambia’s credit rating to ‘B -’ from ‘B’, and maintained the country’s economic outlook to negative, mainly triggered by government’s substantial....

Munali Nickel to commence operations in 2019

By Stuart Lisulo on 8 Oct 2018

Munali Nickel Mine is expected to resume its long-awaited operations by the first quarter of next year after successfully securing US $40 million to commence....

Sales Tax may increase burden on poor, warns WaterAid

By Stuart Lisulo on 8 Oct 2018

Finance Minister Margaret Mwanakatwe’s proposal to introduce the Sales Tax next year may increase the burden on the poor as investment in the water sub-sector....

Financial crimes projected to reduce – Amos

By Stuart Lisulo on 5 Oct 2018

Financial crimes are expected to reduce in 2018 because of increased public awareness, says President Edgar Lungu’s Spokesperson Amos Chanda. And Chanda says President Lungu....

Saudi oil deal was a drop in the ocean – Minister

By Stuart Lisulo on 4 Oct 2018

Zambia’s oil deal with Saudi Arabia could not have any impact on cushioning local fuel pump prices because it represents just a drop in the....

Saudi oil deal amounted to nothing, reveals Energy Minister

By Stuart Lisulo on 4 Oct 2018

Zambia’s oil deal with Saudi Arabia could not have any impact on cushioning local fuel pump prices because it represents just a “drop in the....

Vedanta Resources Plc de-lists from LSE, as KCM’s future ownership in doubt

By Stuart Lisulo on 2 Oct 2018

Vedanta Resources Plc officially de-listed from the London Stock Exchange (LSE) on Monday morning, throwing its ownership of several of its subsidiaries, including Zambian asset,....

Zambia’s external debt servicing costs escalate to $706m – WB

By Stuart Lisulo on 2 Oct 2018

Zambia’s cost of external debt servicing has drastically risen to around US$706 million in 2017 from just US$63 million in 2013, a new World Bank....

Mwanakatwe outlines more taxes in 2019 budget, as CSOs protest against corruption

By Stuart Lisulo and Tenson Mkhala on 28 Sep 2018

Government has unveiled a record-breaking K86.8 billion national budget next year expected to be supported by increased tax revenues amounting to K47 billion, nearly K6....

Inflation down to 7.9%

By Stuart Lisulo on 28 Sep 2018

The annual rate of inflation has reduced to 7.9 per cent, down from 8.1 per cent recorded in August, triggered by the “base effect” arising....

Mines call for stable fiscal policy in 2019 budget

By Stuart Lisulo on 27 Sep 2018

The Zambia Chamber of Mines has called on government to maintain the same mining fiscal policy for continued stability and predictability. And the Chamber has....

Illegal fuel dumping costing Zambia $81m a year – ERB

By Stuart Lisulo on 26 Sep 2018

Illegal fuel dumping and adulteration in Zambia is costing government an estimated US $81 million in lost revenues per annum, according to the Energy Regulation....

Ferngroove secures $30 million to boost local agro-processing

By Stuart Lisulo on 26 Sep 2018

Ferngroove BC, a Lusaka-based investment advisory firm, has secured up to US $30 million funding targeted at boosting the agro-processing sector in Zambia. According to....

Mayfair Insurance hits K100m in premiums

By Stuart Lisulo on 25 Sep 2018

MAYFAIR Insurance Zambia has posted huge gross written premiums of K100 million in 2017 from the K3 million recorded at inception in 2010. In a....

Kwacha hits 12 per dollar, as greenback gets scarce

By Stuart Lisulo on 25 Sep 2018

The kwacha has continued depreciating against major currency convertibles to breach the K12 per dollar psychological barrier for the first time since October, 2015. And....

Airports Corporation posts 28% surge in domestic passenger movements

By Stuart Lisulo on 24 Sep 2018

Zambia Airports Corporation Limited (ZACL) has recorded a 28 per cent increase in domestic passenger movements in the second quarter of 2018, triggered by reduced....

World Bank downgrades Zambia’s GDP growth to 3.3%

By Stuart Lisulo on 24 Sep 2018

The World Bank has revised Zambia’s real GDP growth projection for 2018 downwards to 3.3 per cent, down from 4.3 per cent, triggered by dampened....

Kwacha hits K11 per dollar

By Stuart Lisulo on 20 Sep 2018

The kwacha has depreciated against major currency convertibles to breach the K11 per dollar psychological barrier for the first time since April, 2016. And FNB....

KCM upbeat on resolving financial challenges

By Stuart Lisulo on 15 Sep 2018

Konkola Copper Mines (KCM) says it has initiated measures to raise production and improve its cash flows. Speaking when the mining company received Copperbelt Minister....

PAYE exemption threshold should be increased to K4,000 – FFTUZ

By Stuart Lisulo on 12 Sep 2018

Government should increase the Pay as You Earn (PAYE) exemption threshold from the current K3,300 to K4,000 to provide relief to workers, says the Federation....

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Articles by Stuart Lisulo

About Stuart Lisulo

Govt orders FRA to give millers maize to avert crisis

KCM starts dismantling $80mn debt by paying local contractors

ZRA intercepts smuggled Christmas chickens

Speed cameras will lower govt’s non-tax collection revenue – KPMG

Lungu could lose 2021 polls if opposition unites – EIU

Fiscal consolidation an illusion – CTPD

MPs back return of mineral sharing mechanism

Yamba warns thieving PSs on abuse of funds

NAPSA fund targets to hit K50 billion by 2021

Below normal rainfall could heighten food insecurity – IAPRI

Cargill shuts Lusaka oilseed refinery, 260 jobs lost

ZRA still owes mines $600 million in VAT refunds

SOEs resistant to reform will not be tolerated, warns Mwanakatwe

ZRA targets to capture more tax payers via Zamtel Kwacha

Inflation rises to 8.3%

Govt sacks more thieving accountants

KPMG warns against Sales Tax implementation

IMF team expected to re-engage Zambian govt next month – WB

Mining tax proposals will hurt mineral exploration – AZMEC

Copperbelt Energy Corporation separates from Liquid Telecom

MTN launches new range of numbers under 076 prefix

Zambian troops not involved in sexual exploitation at peace keeping missions, says Chama

Kwacha tumbles on Fitch credit downgrade

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