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, has projected that government’s arrears owed to suppliers and contractors […]

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 in Australia. According to a statement, Bullock takes over from […]

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 monies illegally accrued in 2016 is questionable. And President Lungu […]

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 commence mining in the Lower Zambezi National Park, and, therefore, […]

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 be reconciled. And Musukwa says Konkola Copper Mines Plc (KCM) […]

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 sales volumes of around seven per cent. But the company […]

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 skyrocket to as high as K1,653 from the current average […]

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 liquidity crisis within the private sector. In a statement, Monday, […]

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 restored. But Konkola Copper Mines (KCM) Provisional Liquidator Milingo Lungu […]

Mopani Copper Mines Plc has laid off a total of 131 employees, including 15 expatriates, who were made redundant as a result of the closure of the Central and North Shafts. Confirming the development, sources […]