Stuart Lisulo

Author Bio

About Chisoni Mumba, PhD

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

KCM withdraws critical allowances for 320 staff
By Stuart Lisulo on March 25, 2019
Konkola Copper Mines Plc (KCM) has formally withdrawn a critical allowance payment affecting 320 staff effective March 1, 2019. But KCM’s corporate affairs general manager....
US govt releases US$30,000 for Zambian women empowerment
By Stuart Lisulo on March 25, 2019
Zambia is among 26 pilot countries worldwide selected to participate in the United States government’s newly-launched Academy for Women Entrepreneurs (AWE) programme established to support....
Vedanta appoints Sheppard as new KCM boss
By Stuart Lisulo on March 24, 2019
Vedanta Resources Limited has appointed Christopher Sheppard as the new Konkola Copper Mines Plc (KCM) chief executive officer effective March 18, 2019, to be based....
Lifting of mealie meal export ban will hurt local consumers – Agro expert
By Stuart Lisulo on March 22, 2019
Mealie meal shortages being experienced in some parts of the country should prompt government to revise the recent lifting of the export ban of the....
Lafarge posts increased profit of K195m
By Stuart Lisulo on March 22, 2019
Lafarge Zambia Plc has posted increased profits of K195 million after tax in its financial year ending December 31, 2018, mainly boosted by higher cement....
KCM suspends Shaft 4 operations following miner’s death
By Stuart Lisulo on March 22, 2019
Konkola Copper Mines Plc as shut down its Underground Mine Shaft 4 operations following a fatal accident that claimed one miner’s life after being crushed....
Zambia’s external debt breaches 40% GDP threshold
By Stuart Lisulo on March 20, 2019
Zambia’s external debt of over US $10 billion has breached the internationally-acceptable threshold of 40 per cent relative to Gross Domestic Product (GDP), data shows.....
Real Estate Investments Plc profits drop due to declining rental income
By Stuart Lisulo on March 20, 2019
Real Estate Investments Zambia Plc (REIZ) posted reduced profits after tax of K2.8 million during its 2018 financial year down from K25 million recorded in....
Minister rebukes dysfunctional Tourism board, but chair questions poor funding
By Stuart Lisulo on March 20, 2019
Minister of Tourism and Arts Charles Banda has scolded the Zambia Tourism Agency (ZTA) for failing to avail him with sufficient information on relevant matters....
Daewoo halts Kazungula Bridge construction after Zambia fails to pay
By Stuart Lisulo on March 18, 2019
Korean Multinational Corporation Daewoo Engineering and Construction has announced that has ceased its construction of the Kazungula Bridge on Monday due to lack of funds....
Zambia’s external debt swells to US$10.05bn
By Stuart Lisulo on March 12, 2019
Zambia’s external debt has leaped to over US$10 billion for the first time in the country’s history, as debt servicing commitments equally increased to unprecedented....
Zambian Breweries’ profits jump to K1.45 billion
By Stuart Lisulo on March 11, 2019
Zambian Breweries Plc has earned increased profits of K1.45 billion after tax during its 2018 financial year from just K220 million in 2017, driven by....
Zanaco’s profit soars to K184m
By Stuart Lisulo on March 11, 2019
Zanaco Plc has posted increased profits of nearly K184 million in its 2018 financial year, mainly driven by higher income from net loans and advances,....
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Private media still viewed as opposition in Zambia – US Embassy
By Stuart Lisulo on March 9, 2019
Zambia has a lot of work to do in embracing divergent views because the private news media are still being viewed as a proponent of....
Millers want new mealie meal export policy revised
By Stuart Lisulo on March 8, 2019
The Millers Association of Zambia (MAZ) says the new policy lifting the ban of mealie meal exports needs to be revised because some millers who....
Department of National Parks’ negative perception worries PS
By Stuart Lisulo on March 8, 2019
Tourism and Arts Permanent Secretary Reverend Howard Sikwela has urged the Department of National Parks (DNPW) to correct the impression of under-performance seen by outsiders.....
Zambia’s drought conditions may prolong maize export ban – GTAZ
By Stuart Lisulo on March 7, 2019
Zambia’s maize export ban should not be expected to be lifted in view of the intermittent drought conditions being experienced in some parts of the....
BAT Zambia posts K16.1m losses
By Stuart Lisulo on March 7, 2019
British American Tobacco (BAT) Zambia Plc incurred increased losses of over K16 million after tax during its financial year period ending December 31, 2018, mainly....
Govt pondering China debt swap – Mwanakatwe
By Stuart Lisulo on March 7, 2019
Zambia will propose a debt swap with China from US dollars to Chinese yuan when government officials visit that country at the end of this....
Kwacha hits K12 per dollar again
By Stuart Lisulo on March 6, 2019
The kwacha has depreciated against major currency convertibles to breach the K12 per dollar psychological barrier for the second time in three months. According to....
Mealie meal prices may not go down – Millers
By Stuart Lisulo on March 6, 2019
Mealie meal prices may still not reduce if the cost of maize from the private sector remains high, says the Millers Association of Zambia (MAZ).....
Zambeef appoints Roodt to succeed Grogan as new CEO
By Stuart Lisulo on March 6, 2019
Zambeef Plc has appointed Walter Roodt as the company’s chief executive director with immediate effect. In a statement availed by sponsoring broker, Pangaea Securities Limited,....
Shoprite posts trading losses of 61.8m Rand
By Stuart Lisulo on March 4, 2019
Shoprite Holdings Limited have incurred trading losses of nearly 62 million Rand in its non-RSA operations during its financial half-year compared to R552.7 million earned....

Govt’s new debt outpacing dismantling of arrears – BAZ

By Stuart Lisulo on 4 Mar 2019

Government’s accumulation of new debt compared to the rate of dismantling its arrears owed to contractors and suppliers is still a concern because the debt....

Lafarge Zambia appoints new CEO

By Stuart Lisulo on 4 Mar 2019

Lafarge Zambia Plc has appointed Jimmy Khan as the company’s new chief executive officer effective February 12. In a statement availed by Lafarge Board Chairperson....

Inflation marginally drops to 7.8%

By Stuart Lisulo on 1 Mar 2019

The annual rate of inflation reduced to 7.8 per cent for February, 2019, with food and non-alcoholic beverages accounting for 4.1 per cent, according to....

Banks will maintain high interest rates – BAZ

By Stuart Lisulo on 28 Feb 2019

Interest rates on loan facilities offered by commercial banks are likely to remain elevated at over 20 per cent because government continues to crowd out....

MTN Zambia appoints Philip van Dalsen as new CEO

By Stuart Lisulo on 27 Feb 2019

MTN Zambia has appointed Philip van Dalsen as the company’s new chief executive officer. In a statement availed by MTN communications manager Lisa Mulozi, Tuesday,....

StanChart raises personal loan limits to K450,000

By Stuart Lisulo on 26 Feb 2019

Standard Chartered Bank Zambia has allowed personal and priority customers to borrow up to K450,000, making it the highest personal loan threshold under that category....

Govt must urgently lift maize export ban – IAPRI

By Stuart Lisulo on 25 Feb 2019

Government should urgently lift the maize export ban because it has negatively affected farmers’ incomes and contributed to the loss of assets, says the Indaba....

Lungu won’t dialogue with people who have brains the size of a rat – Amos

By Stuart Lisulo on 22 Feb 2019

State House says President Edgar Lungu will not be bullied into dialoguing with people whose brain is the size of a rat. And the Head....

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

Reduced money in circulation worries BoZ

By Stuart Lisulo on 22 Feb 2019

High interest rates on loan facilities offered by commercial banks has severely limited access to credit by the private sector as growth contracted by 0.9....

Govt shortlists American, European, Chinese firms for Batoka Gorge scheme

By Stuart Lisulo on 22 Feb 2019

The Zambezi River Authority Council of Ministers has shortlisted three foreign developers for the Batoka George Hydro Electric Scheme. According to a joint statement released,....

Zambia’s gross reserves drop to near 10-year low

By Stuart Lisulo on 21 Feb 2019

Zambia’s gross international reserves have fallen below US$1.6 billion for the first time in nearly 10 years, triggered by the need to finance the country’s....

Govt’s debt repayments rise to K2.5bn

By Stuart Lisulo on 20 Feb 2019

Government’s debt servicing payments have climbed to an unprecedented K2.5 billion in January, 2019, the highest single disbursement for this specific obligation so far, according....

China contributed highest number of jobs to Zambia in 2017 – BoZ

By Stuart Lisulo on 13 Feb 2019

China was the highest contributor to employment among all the Majority Owned Foreign Affiliates in Zambia (MOFAs) by the end of 2017, Bank of Zambia....

StanChart profit soars to K267m

By Stuart Lisulo on 11 Feb 2019

Standard Chartered Bank earned a net profit after tax of over K267 million, beating the competition for the highly-vetted number one position in the market....

Mwanakatwe targets IMF bailout package this year

By Stuart Lisulo on 8 Feb 2019

Finance Minister Margaret Mwanakatwe says she is targeting to secure an International Monetary Fund (IMF) economic bailout package by the end of this year. According....

S/Africa’s rand gains against kwacha

By Stuart Lisulo on 8 Feb 2019

The kwacha has depreciated against the South African rand to breach the K0.90 per rand for the first time since November, 2015. And financial market....

Zambia Airways appoints Ethiopian CEO

By Stuart Lisulo on 7 Feb 2019

Zambia Airways Limited has appointed Ethiopian national Bruk Endeshaw Abebe as the company’s inaugural chief executive officer effective immediately. In a statement availed by acting....

FQM offers to buy govt’s 20% shares in Kansanshi Mine for $700m

By Stuart Lisulo on 6 Feb 2019

First Quantum Minerals Limited (FQML) has offered the Zambian government US$700 million to buy off the latter’s 20 per cent stake in its subsidiary Kansanshi....

Inflation remains at 7.9%

By Stuart Lisulo on 1 Feb 2019

The annual rate of inflation has remained at 7.9 per cent for January, 2019, with food and non-alcoholic beverages accounting for 4.3 per cent, according....

ZCCM-IH hopes 2019 fiscal regime won’t hurt profitability

By Stuart Lisulo on 31 Jan 2019

ZCCM-IH says the uncertainty in the 2019 mining fiscal regime may affect its profitability and dividends payable to government. And ZCCM-IH has increased its shareholding....

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Articles by Stuart Lisulo

About Chisoni Mumba, PhD

KCM withdraws critical allowances for 320 staff

US govt releases US$30,000 for Zambian women empowerment

Vedanta appoints Sheppard as new KCM boss

Lifting of mealie meal export ban will hurt local consumers – Agro expert

Lafarge posts increased profit of K195m

KCM suspends Shaft 4 operations following miner’s death

Zambia’s external debt breaches 40% GDP threshold

Real Estate Investments Plc profits drop due to declining rental income

Minister rebukes dysfunctional Tourism board, but chair questions poor funding

Daewoo halts Kazungula Bridge construction after Zambia fails to pay

Zambia’s external debt swells to US$10.05bn

Zambian Breweries’ profits jump to K1.45 billion

Zanaco’s profit soars to K184m

Private media still viewed as opposition in Zambia – US Embassy

Millers want new mealie meal export policy revised

Department of National Parks’ negative perception worries PS

Zambia’s drought conditions may prolong maize export ban – GTAZ

BAT Zambia posts K16.1m losses

Govt pondering China debt swap – Mwanakatwe

Kwacha hits K12 per dollar again

Mealie meal prices may not go down – Millers

Zambeef appoints Roodt to succeed Grogan as new CEO

Shoprite posts trading losses of 61.8m Rand

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