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

Kwacha hits K11 per dollar
By Stuart Lisulo on September 20, 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 September 15, 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 September 12, 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....
Govt to narrow public service wage bill in 2019 budget projected at K84.6 Bn
By Stuart Lisulo on September 10, 2018
Government has projected to roll out a K84.6 billion national budget next year expected to be supported by increased tax revenues amounting to around K7.4....
Kitwe’s cost of living breaches K5,000
By Stuart Lisulo on September 7, 2018
The cost of living in Kitwe has drastically increased to a record-breaking K5,159 for a family of five, becoming the country’s second most expensive city,....
Govt missed income tax collection target – ZIPAR
By Stuart Lisulo on September 4, 2018
Government missed its target of K10.6 billion in income tax collection for the 2018 half-year period by around K500 million, owing to lower than projected....
Govt must be transparent on Chinese debt – CTPD
By Stuart Lisulo on September 4, 2018
There needs to be transparency in the acquisition, terms and structure of Chinese loans, says CTPD. And the Centre for Trade Policy and Development (CTPD)....
Social Cash Transfer funding hits only 27% – ZIPAR
By Stuart Lisulo on August 31, 2018
The Social Cash Transfer programme has only received less than 30 per cent funding by the end of the first half of 2018 due to....
Inflation soars to 8.1%
By Stuart Lisulo on August 30, 2018
The annual rate of inflation has leaped to 8.1 per cent, up from 7.8 per cent recorded in July, the highest on record this year....
CTPD demands reversal of 30 ngwee Internet calling charges
By Stuart Lisulo on August 29, 2018
Government’s decision to charge mobile phone subscribers a 30 ngwee per day tariff on Internet calls should be reversed because it is misguided, says the....
Zambia’s bonds are the world’s worst – Bloomberg
By Stuart Lisulo on August 29, 2018
Zambia’s Eurobonds have lost value of 10 per cent this month alone, more than any of the 75 countries in the Bloomberg Barclays Emerging Markets....
Zamtel welcomes 30 ngwee Internet tariffs, won’t hike data pricing
By Stuart Lisulo on August 27, 2018
Zamtel Plc says pricing on its data bundles will not be increased despite government’s move to charge a 30 ngwee per day tariff on Internet....
Standard & Poor downgrades Zambia’s credit rating to B –
By Stuart Lisulo on August 27, 2018
Standard & Poor’s Global Ratings has downgraded Zambia’s long-term foreign and local currency sovereign credit ratings from B to B -, reflecting the country’s faster....
If banks don’t shape up, others will take over – Kalyalya
By Stuart Lisulo on August 24, 2018
By Stuart Lisulo Commercial banks must innovate to stay abreast of technological developments happening in the financial market or they will cease to exist, says....
BoZ projects inflation to remain above 7.5%
By Stuart Lisulo on August 23, 2018
The Bank of Zambia (BoZ) says inflation for the remaining period of this year will remain above 7.5 per cent in view of the upside....
Many taxpayers are evasive – ZRA
By Stuart Lisulo on August 22, 2018
The Zambia Revenue Authority has disclosed that many taxpayers continue to be evasive when reporting to Customs and to Domestic Tax on comparable transactions. In....
BoZ maintains Monetary Policy Rate at 9.75%
By Stuart Lisulo on August 22, 2018
The Bank of Zambia has maintained the same Monetary Policy Rate and Statutory Reserve Ratio again in a bid to induce lower interest rates and....
30 ngwee Internet tariff double-billing – ZACCI
By Stuart Lisulo on August 21, 2018
Government’s 30 ngwee a day tariff on Internet calls could lead to double-billing consumers, the Zambia Chamber of Commerce and Industry (ZACCI) has warned. Commenting....
Chibuyu Finance most expensive lender – BoZ
By Stuart Lisulo on August 21, 2018
Chibuyu Finance Limited has been found to be the most expensive lender of loan facilities among the 33 non-bank financial institutions with a total effective....
We have betrayed Levy: those tasked to fight corruption are captains of graft – AKA
By Stuart Lisulo on August 20, 2018
There has been a cease fire in the fight against corruption in Zambia by its ‘captains’ who continue to perpetuate the vice, says veteran politician....
Don’t introduce taxes to finance supplementary budget – Magande
By Stuart Lisulo on August 16, 2018
Former Finance Minister Ng’andu Magande says the recently-approved supplementary budget may have an adverse impact on the economy if government intends on raising taxes to....
Govt receives additional $14.6 million for combating climate resilience
By Stuart Lisulo on August 15, 2018
Government has received US $14.6 million from the Climate Investment Fund as additional financing for the Zambia Strengthening Climate Resilience – Pilot Programme for Climate....
Vedanta to lose control of KCM upon LSE delisting – Foil
By Stuart Lisulo on August 15, 2018
Vedanta Resources Plc’s planned de-listing from the London Stock Exchange (LSE) could see the company relinquish its control of its subsidiary Konkola Copper Mines (KCM).....

Uncertainties around Zambia’s Eurobond refinancing worry EAZ

By Stuart Lisulo on 14 Aug 2018

The deteriorating Turkish economy raises uncertainty surrounding the Zambian government’s plan to refinance the country’s US $750 million Eurobond using an unnamed company from that....

FISP can’t work with dysfunctional agricultural extension services – CTPD

By Stuart Lisulo on 13 Aug 2018

Government should step up its investment in agricultural extension services if the Farmer Input Support Programme (FISP) is to yield its intended results, says the....

Future farmers will cultivate with drones, automated tractors – AfDB

By Stuart Lisulo on 13 Aug 2018

The African Development Bank (AfDB) says there is no need for the continent to needlessly spend US $35 billion annually on importing food when it....

Govt lost K400m in tax revenue due to illicit tobacco – BAT

By Stuart Lisulo on 13 Aug 2018

The Zambian government lost an estimated K400 million between 2014 and 2017 as a result of the illicit tobacco trade, according to British American Tobacco....

Almost 1 million Zambians will be food insecure, warns IAPRI

By Stuart Lisulo on 9 Aug 2018

Nearly one million Zambians will be food insecure by March next year triggered by prolonged dry spells and the pest infestation in some places, says....

Zambia’s first Hilton Garden Inn opens

By Stuart Lisulo on 7 Aug 2018

Hilton Garden Inn, the award-winning mid-scale brand by Hilton, has officially opened its doors at Lusaka Society Business Park on Cairo Road. According to a....

More women jailed for wildlife crime – Tourism Ministry

By Stuart Lisulo on 6 Aug 2018

Three people have been handed five-year prison sentences each for various wildlife crimes by subordinate courts in Lusaka and Chipata, says the Ministry of Tourism....

Turkey’s financing of Zambia’s Eurobond will be costly – CTPD

By Stuart Lisulo on 2 Aug 2018

Government’s move to engage a Turkish company to refinance Zambia’s US $750 million Eurobond may translate into increased costs due to the suspended IMF bailout....

Opposition lose elections because they chew campaign money – Sampa

By Stuart Lisulo on 1 Aug 2018

Newly-elected Lusaka Mayor Miles Sampa says opposition political parties in the current landscape are not winning elections because they chew monies meant for campaigning. And....

ZCCM-IH pays IDC K81.4m dividend

By Stuart Lisulo on 31 Jul 2018

ZCCM-IH yesterday paid a dividend of K81.4 million to the Industrial Development Corporation (IDC) following a successful financial year where the former generated profits of....

Turkey’s Eurobond funding not sign of failure – Mwanakatwe

By Stuart Lisulo on 31 Jul 2018

President Edgar Lungu’s announcement of a Turkish firm which expressed interest in refinancing Zambia’s US$750 million Eurobond maturing in 2022 is not a signal of....

AfDB warns of increased crop losses due to armyworms

By Stuart Lisulo on 30 Jul 2018

The fall armyworm that has ravaged crop productivity in Africa will lead to increased losses worth billions of dollars if not quickly tackled, the African....

K70 still too low for maize price – ZNFU

By Stuart Lisulo on 30 Jul 2018

The Food Reserve Agency’s (FRA) revised maize purchase price of K70 per 50Kg bag for this year’s crop marketing season equates to nothing for farmers,....

CEC signs contact to supply 78MW to DRC

By Stuart Lisulo on 30 Jul 2018

The Copperbelt Energy Corporation Plc has signed a long-term contract to supply up to 78 megawatts (MW) of electricity to Metalkol SA, a major cobalt....

Zambia in K1.6 billion trade deficit

By Stuart Lisulo on 30 Jul 2018

Zambia has recorded the third trade deficit of the year at K1.6 billion, according to Central Statistical Office data. According to provisional CSO data, Zambia....

FRA adjusts maize price to K70

By Stuart Lisulo on 27 Jul 2018

The Food Reserve Agency has revised upwards its maize purchase price of K65 per 50Kg bag for this year’s crop marketing season to K70, representing....

Zambia’s economic outlook negative – Fitch

By Stuart Lisulo on 27 Jul 2018

Fitch Ratings has affirmed Zambia’s credit rating at ‘B’, but with a negative economic outlook, mainly triggered by continued uncertainty about the government’s commitment to....

Inflation shoots back to 7.8%

By Stuart Lisulo on 27 Jul 2018

The annual rate of inflation has again shot up to 7.8 per cent, from 7.4 per cent recorded in June, according to Central Statistical Office....

Mine accident kills KCM employee

By Stuart Lisulo on 27 Jul 2018

An accident at Konkola Copper Mines (KCM) in Chingola has claimed the life of a KCM business partner employee, according to Vedanta Africa Base Metals.....

President Lungu at the airport: File picture

Lungu to attend BRICS summit in SA

By Stuart Lisulo on 25 Jul 2018

President Edgar Lungu will be travelling again to South Africa to attend the BRICS summit in Johannesburg, South Africa, slated for July 26-27, according to....