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 government’s slow settlement of VAT refunds owed to the company. […]

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 to the rehabilitation of the Kariba Dam. And Zimbabwe have […]

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 were hit by severe operational challenges in the country, the […]

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, from a peak of around 210 megawatts one year ago, […]

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 record since October, 2016, according to Central Statistical Office (CSO) […]

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 the greenback by both offshore and local players, market data […]

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 huge increase in the Monetary Policy Rate (MPR). And Mwanza […]

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 than anticipated mining output, says Bank of Zambia (BoZ) governor […]

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. The Minister said this at his office, Tuesday, when he […]

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 the Zambian economy can be resuscitated. And Hichilema has told […]