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 month, Finance Minister Margaret Mwanakatwe has revealed. Speaking during a […]

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 financial market players, the kwacha breached the K12 psychological barrier […]

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). But the Association has welcomed government’s move to lift the […]

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, Roodt has been installed as the agro-processing giant’s new executive […]

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 in the prior corresponding period. In a statement announcing its […]

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 pile-up is higher, says the Bankers’ Association of Zambia (BAZ). […]

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 Muna Hantuba, Monday, the company announced that Khan has taken […]

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 Central Statistical Office (CSO) data. Announcing Zambia’s annual rate of […]

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 the private sector, says the Bankers’ Association of Zambia (BAZ). […]

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, van Dalsen took over from South African Charles Molapisi, who […]