The annual rate of inflation has leaped to 8.3 per cent, up from 7.9 per cent recorded in September, the highest on record this year so far, according to Central Statistical Office data. Announcing Zambia’s […]

The Zambia Revenue Authority (ZRA) has allegedly been fraudulently misreporting its revenue collection targets and using the VAT Refund Account to prop-up its position, a whistleblower letter sent to the Ministry of Finance has revealed. […]

Government, through the Civil Service Commission, has dismissed 12 accounting and one operations staff who were involved in various offences involving public funds, including theft. In a statement issued by Ministry of Finance head of […]

KPMG, the globally-renowned audit, tax and advisory services firm, has warned that government’s insistence to introduce Sales Tax next April will create uncertainty in the Zambian economy, which would be very injurious to business. And […]

An International Monetary Fund (IMF) team is expected in the country to meet with the Zambian government next month and resume discussions on the country’s deteriorating economy, according to high-level World Bank official. Speaking when […]

Government’s tax change proposals as contained in the 2019 national budget will dampen prospects of attracting much-needed investment in mineral exploration, says the Association of Zambian Mineral Exploration Companies (AZMEC). Reacting to the 2019 budget, […]

The Copperbelt Energy Corporation Plc (CEC) has sold its 50 per cent shareholding in CEC Liquid Telecommunication Limited (CEC Liquid Telecom) to pan-African telecoms group, Liquid Telecommunication Holdings Limited (Liquid Telecom). According to press release, […]

MTN Zambia has announced the launch of an additional new range of numbers and expanded its existing subscriber base aimed at allowing different customers to join the network. The new number range will go under […]

Minister of Defence Davies Chama says Zambia’s defence forces that have taken part in recent peace-keeping missions have not recorded any casualties. According to a press statement issued by First Secretary for Press & Tourism […]

The kwacha marginally depreciated against major currency convertibles to remain above the K12 per dollar barrier, while maintaining strong volatility following Zambia’s credit rating downgrade. And market players say the local currency’s trading has been […]