Stuart Lisulo

Author Bio

About Felix Kashweka

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

Copper prices fall on fears of Corona virus
By Stuart Lisulo on January 23, 2020
Copper prices on the international market have markedly fallen in the last one week to around US $6,150 per metric tonne since the outbreak of....
High mealie meal prices will persist – IAPRI
By Stuart Lisulo on January 23, 2020
Mealie meal prices are likely to remain high this year until the main maize harvest period in May, says the Indaba Agricultural Policy Research Institute....
Govt must be transparent in gold mining ventures – CTPD
By Stuart Lisulo on January 23, 2020
Government must endeavour to be transparent and consultative in its new gold mining ventures being spearheaded by ZCCM-IH for all stakeholders to clearly understand their....
ZICTA receives 791 social media abuse complaints
By Stuart Lisulo on January 23, 2020
ZICTA has recorded a total of 791 complaints regarding social media abuse during 2019, with the majority of the cases lodged in from women. According....
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SAA confirms sale of nine aircraft
By Stuart Lisulo on January 20, 2020
South African Airways (SAA) has put some of its aircraft up for sale to accommodate the new Airbus A350-900s the airline recently added to its....
CUTS bemoans MTN’s expensive non-expiry bundles
By Stuart Lisulo on January 17, 2020
MTN Zambia has launched a new range of non-expiry mobile data bundles dubbed: “Freedom Bundles” which will see its subscribers being forced to pay more....
Kwacha to average K14.40/dollar in short-term
By Stuart Lisulo on January 16, 2020
The kwacha is expected to remain under pressure, depreciating against major currency convertibles, to end the mid-way point of this month at around K14.40 per....
ZCCM-IH’s profits drop by 47%
By Stuart Lisulo on January 15, 2020
ZCCM-IH posted reduced profits after tax of K448 million during its financial year ending March 31, 2019, triggered by reduced dividends paid by Kansanshi Mining....
Floods pose risk of ground water contamination, cautions WARMA
By Stuart Lisulo on January 12, 2020
The Water Resources Management Authority (WARMA) has cautioned against the consumption of non-boiled water due to possible contamination resulting from flash floods, which may have....
Absa appoints Mminele as new CEO
By Stuart Lisulo on January 7, 2020
Absa Group Limited, Barclays Bank Zambia’s parent company, has announced the appointment of Aaron Daniel Mminele as its new Group Chief Executive effective January 15,....
Zambia can exceed 50-50 gender parity – Gender PS
By Stuart Lisulo on January 6, 2020
It is possible for Zambia to attain and eventually exceed 50-50 gender parity, says newly-appointed Ministry of Gender Permanent Secretary Sastone Silomba. And President Edgar....
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Foote challenges Lungu’s govt leaders to disclose their sources of income
By Stuart Lisulo on January 3, 2020
Outgoing American Ambassador to Zambia Daniel Foote has challenged government leaders in the PF administration to make personal financial disclosures so that the Anti-Corruption Commission....
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FNB forecasts higher inflation in 2020
By Stuart Lisulo on January 2, 2020
Zambia’s annual rate of inflation is expected to remain in double-digits this year owing to the hiked electricity tariffs and fuel pump prices, says FNB....
Kwacha closes 2019 at K14 per dollar
By Stuart Lisulo on January 2, 2020
The kwacha has resumed its depreciating trend against major currency convertibles, closing 2019 at K14 per dollar owing to a sustained high demand for the....
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Govt must improve regulation of small-scale mining – CTPD
By Stuart Lisulo on December 31, 2019
The Centre for Trade Policy and Development (CTPD) has called on government to improve regulation of the artisanal and small-scale mining sector in Zambia and....
Kwacha to average K13.28 per dollar in 2020 – EIU
By Stuart Lisulo on December 30, 2019
The kwacha should be expected to remain volatile in 2020, trading at an average K13.28 against the United States dollar, says the Economist Intelligence Unit....
Minister tells ZICTA to sanction Airtel, others for poor service
By Mirriam Chabala and Stuart Lisulo on December 29, 2019
Transport and Communications Minister Mutotwe Kafwaya has challenged ZICTA to up its game in meting out sanctions on any telecommunications company that fails to provide....
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Lungu orders 15% salary cut
By Stuart Lisulo on December 27, 2019
President Edgar Lungu has announced the reduction of his salary and that of his Cabinet between a range of 15 and 20 per cent, with....
Junior officers fuelling fraud in Zambia’s health, education sectors – PwC
By Stuart Lisulo on December 25, 2019
Zambia’s health and education sectors still remain the highest risk and most vulnerable to both procurement fraud and misappropriation of cash, with junior officers cited....
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U.S. govt doesn’t plan on immediately replacing Foote – Bloomberg
By Stuart Lisulo on December 25, 2019
The United States government does not plan on sending an immediate replacement to replace US Ambassador to Zambia Daniel Foote after it decided to withdraw....
Zambia under sanctions, as govt admits defaulting loan repayment
By Stuart Lisulo on December 25, 2019
The African Development Bank (AfDB) has put Zambia under sanctions for failing to repay its loans contracted to implement various developmental programmes, according to the....
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BoZ suspends Esna Bureau’s licence for breach of regulations
By Stuart Lisulo on December 25, 2019
The Bank of Zambia (BoZ) has suspended Esna Bureau de Change Limited’s licence for six months until June 1, 2020 due to the company’s breach....
ZAFFICO targets LuSE listing on Feb 7
By Stuart Lisulo on December 18, 2019
The Zambia Forestry and Forest Industries Corporation (ZAFFICO) Plc is planning on listing and trading on the Lusaka Stock Exchange (LuSE) on February 7, 2020,....

KCM will employ 100 new workers – Milingo

By Stuart Lisulo on 17 Dec 2019

Konkola Copper Mines (KCM) Plc provisional liquidator Milingo Lungu says the mining company intends to employ over 100 operators in processing plants at its Nchanga....

Zamefa posts K72.3m losses

By Stuart Lisulo on 10 Dec 2019

Zamefa has posted losses of over K72 million in its financial year ending September 30, 2019, mainly triggered by huge finance costs brought about by....

Zambezi River Authority approves $81m budget for 2020

By Stuart Lisulo on 9 Dec 2019

The Zambezi River Authority (ZRA) Council of Ministers have approved an US $81 million budget for 2020 fiscal year, with the main expenditure being allocated....

FDI into Zambia shrinks by 50%

By Stuart Lisulo on 5 Dec 2019

Foreign Direct Investment (FDI) into Zambia plummeted by nearly 50 per cent in 2018, mainly on account of significant losses incurred by mining companies who....

CEC’s power supply to KCM reduces to 160MW

By Natasha Sakala and Stuart Lisulo on 4 Dec 2019

Copperbelt Energy Corporation (CEC) Plc’s electricity supply to Konkola Copper Mines (KCM) has drastically dropped to an average 160 megawatts by the end of 2019,....

Inflation rises to 10.8%

By Stuart Lisulo on 29 Nov 2019

The annual rate of inflation has marginally increased to 10.8 per cent in November, up from 10.7 per cent recorded in October, the highest on....

Kwacha likely to depreciate further – Cavmont

By Stuart Lisulo on 25 Nov 2019

The Kwacha is likely to depreciate even further before the end of this year, falling to an average K14.50 per dollar, amidst strong demand for....

Interest rate hike looms as BAZ warns of banks’ cut back

By Stuart Lisulo on 22 Nov 2019

The Bankers’ Association of Zambia has warned that credit consumers should immediately expect a hike in interest rates on loan facilities following the central bank’s....

GDP growth could drop to below 2% in 2019, we must question our actions – Kalyalya

By Stuart Lisulo on 21 Nov 2019

Zambia’s economic growth rate could drop to below two per cent this year, triggered by a cocktail of challenges, including constrained electricity generation and lower....

Govt optimistic power generation will soon increase – Ng’andu

By Stuart Lisulo on 20 Nov 2019

Government is optimistic that Zambia’s electricity generation levels will increase when water levels across the country’s reservoirs eventually rise, says Finance Minister Dr Bwalya Ng’andu.....

HH writes IMF, submits economic recovery plan

By Stuart Lisulo on 19 Nov 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....

Govt’s mounting arrears will intensify liquidity squeeze in 2020 – NKC

By Stuart Lisulo on 18 Nov 2019

Zambia’s liquidity risk has increased due to the substantial drawdown in its international gross reserves, says NKC African Economics. And NKC, the SA-based think tank,....

Mopani appoints Bullock as new CEO

By Stuart Lisulo on 11 Nov 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....

ConCourt ruling on ex-ministers different from my 2021 eligibility, this one is questionable – Lungu

By Stuart Lisulo on 10 Nov 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 7 Nov 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 7 Nov 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 7 Nov 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....

Zesco projects K16.1bn in revenue from 113% electricity tariff hike

By Stuart Lisulo on 6 Nov 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 6 Nov 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 6 Nov 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....