Stuart Lisulo

Author Bio

About Web Master

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

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 September 17, 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 September 13, 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....
Re-introducing deputy ministers will be a burden on govt, BoZ warns
By Stuart Lisulo on September 12, 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 September 12, 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 September 10, 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 September 10, 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 September 9, 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 September 8, 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 September 3, 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 September 2, 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....
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Inflation jumps to 9.3%
By Stuart Lisulo on August 30, 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 August 29, 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 August 29, 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 August 29, 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 August 27, 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....
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First Capital Bank has highest interest rate on loans – BoZ
By Stuart Lisulo on August 26, 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 August 23, 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....
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If austerity measures were working, we wouldn’t be having these problems – BoZ
By Stuart Lisulo on August 22, 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 August 9, 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 August 1, 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,....
Govt should consider emergency cash transfers to counter high mealie meal prices – IAPRI
By Stuart Lisulo on July 30, 2019
Government should consider temporary emergency cash transfers to urban poor households to enable consumers afford the escalating prices of mealie meal, says the Indaba Agricultural....

Inflation rises to 8.8%

By Stuart Lisulo on 26 Jul 2019

The annual rate of inflation has leaped to 8.8 per cent in July, up from 8.6 per cent recorded in June, the highest on record....

eNCA report that each minister owns 40 houses through corruption irks govt

By Stuart Lisulo on 24 Jul 2019

Chief Government Spokesperson Dora Siliya says a story attributed to South African’s eNCA news channel where the station reported that each Zambian Cabinet Minister owns....

My honeymoon is short, economy urgently needs stabilising – Ng’andu

By Stuart Lisulo on 24 Jul 2019

Finance Minister Dr Bwalya Ng’andu says his honeymoon is short as the terms of reference given to him by President Edgar Lungu to stabilize and....

Zambia’s 2019-half year copper production drops to 355,751 tonnes

By Stuart Lisulo on 24 Jul 2019

Zambia’s copper production for the 2019 half-year has dropped to 355,751 metric tonnes from 408,919.01 tonnes in the corresponding period last year, triggered by slashed....

BoZ seizes Zampost, Pan African Building Society, after both declared insolvent

By Stuart Lisulo on 21 Jul 2019

The Bank of Zambia (BoZ) has seized Zampost Microfinance Limited and Pan African Building Society effective Friday, July 19, 2019, after both financial institutions fell....

UNWTO chief dates Zambia

By Stuart Lisulo on 21 Jul 2019

United Nations World Tourism Organisation (UNWTO) Secretary General Ambassador Zurab Pololikashvili is expected in Zambia on Monday July 22, 2019, for a three-day working visit.....

If we can get fiscal fitness into the economy, we can get IMF deal – Ng’andu

By Natasha Sakala and Stuart Lisulo on 18 Jul 2019

Newly-appointed Finance Minister Dr Bwalya Ng’andu says as austerity measures begin to produce results, the gap between the Zambian government and the IMF will begin....

Barrick hopeful of 2019 mining fiscal regime resolution

By Stuart Lisulo on 17 Jul 2019

Barrick Gold Corporation president and chief executive officer Mark Bristow says the company is hopeful that a successful resolution will be found with the Zambian....

ZRA pays KCM over K95m in tax refunds, to pay liquidator’s legal fees

By Stuart Lisulo on 11 Jul 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 8 Jul 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....

African parliaments need two-thirds majority to arrest reckless debt accumulation – Musokotwane

By Stuart Lisulo on 8 Jul 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 7 Jul 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 2 Jul 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 26 Jun 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 21 Jun 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 20 Jun 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 18 Jun 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....

Chamber of Mines reiterates appeal to review 2019 tax regime

By Stuart Lisulo on 17 Jun 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 17 Jun 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....