The annual rate of inflation has increased to 8.1 per cent for May, 2019, mainly triggered by price increases in dried fish and kapenta, Central Statistical Office (CSO) data shows. Announcing Zambia’s annual rate of

Zambia Railways Limited is likely to remain loss-making because the parastatal has employed staff who are not competent enough to make it profitable, says transport expert Henry Chipewo. And Chipewo has lamented how Zambia Railways

The impending Sales Tax is likely to trigger massive job losses in the country in its current form, the Zambia Institute of Chartered Accountants (ZICA) has warned. And ZICA says the proposed Goods and Services

58 per cent of farmers nationwide prefer using the electronic voucher over the old traditional Direct Input Supply (DIS) system under the Famer Input Support Programme (FISP), a CUTS survey reveals. And the same survey

Zambians are expected to continue facing hard economic times with escalating poverty levels if government fails to urgently implement corrective fiscal measures, says the Centre for Trade Policy and Development (CTPD). Reacting to the Bank

Money supply remains a pressing challenge that needs to be seriously addressed to kick-start Zambia’s economic growth, says Bank of Zambia (BoZ) governor Dr Denny Kalyalya. And Dr Kalyalya says government’s challenge in meeting some

The Kwacha depreciated sharply against major currency convertibles in a space of six weeks, losing value by nearly 15 per cent, triggered by dwindling dollar supply from the mining sector, according to the Bank of

The Bank of Zambia has hiked the Monetary Policy Rate (MPR) in a bid to contain rising inflationary pressures, which look set to breach the targeted six to eight per cent range. Speaking during a

The Zambia National Building Society (ZNBS) had 56 mortgages in amounts totalling K26.7 million with various irregularities, such as unregistered mortgages and missing mortgage deeds, the latest Auditor General’s Report reveals. And ZNBS was found

Zambia Railways Limited has remained loss-making for three consecutive financial years between the period 2015-2017, with the highest amount being over K134 million in its 2016 financial year. And Zambia Railways has failed to achieve