The kwacha has depreciated against major currency convertibles to breach the K12 per dollar psychological barrier for the second time this year. But the local currency looks set to regain its strength ahead of the

England’s Prince Harry says the private sector remains a catalyst towards ending poverty in Zambia. Speaking during his first official visit to Zambia at the British High Commission’s Residence in Lusaka, Monday evening, the Duke

Debt servicing has continued to pose challenges to Zambia’s international reserves, which have dipped to less than US $1.7 billion, says Bank of Zambia (BoZ) Governor Dr Denny Kalyalya. And Dr Kalyalya has remained optimistic

The Bank of Zambia has again maintained the Monetary Policy Rate and Statutory Reserve Ratio in a bid to induce lower interest rates and continue supporting economic growth. Speaking during a media briefing in Lusaka,

Debt servicing payments gobbled K1.5 billion in October, 2018, representing around 25 per cent of government’s total expenditure during that month from the 2018 national budget. In a 2018 budget brief issued from the Ministry

The Zambia Association of Manufacturers has warned that Sales Tax will slow down the country’s economic growth and encourage tax avoidance. In a statement, Association president Roseta Chabala stated that the Sales Tax proposal as

The Food Reserve Agency (FRA) has started to offload 35,000 metric tonnes of maize to selected millers on the Copperbelt Province to address a ‘perceived’ shortage of the commodity. Speaking during a press briefing in

Konkola Copper Mines (KCM) has so far paid a total of around US $3 million towards its debt owed to local contractors and suppliers, an association has disclosed. And the Association of Mine Suppliers and

The Zambia Revenue Authority (ZRA) has intercepted a truck with smuggled chicken pieces worth K260,000 in unpaid taxes. In a statement, ZRA corporate communications manager Topsy Sikalinda stated that the consignment of chicken pieces was

Government cannot achieve its non-tax revenue target in 2019 because Zambians are successfully managing to avoid paying excessive speeding fines, says KPMG, the globally-renowned audit, tax and advisory services firm. Speaking during a ACCA-Zambia Tax