Professor Oliver Saasa says the Ministry of Housing and Infrastructure Development commands an overbearing influence over the ultimate decisions regarding which road investment is pursued. And Prof Saasa says many road projects in Zambia are […]

Illegal small-scale mining where foreigners have been purchasing stolen or illegally-mined copper ore from small-scale miners continued last year, with amounts in excess of K5 billion that was spent, according to the FIC. The Financial […]

The Financial Intelligence Centre says at least one Politically-Exposed Person (PEP) was found to have received huge payments from a government ministry into his company account but failed to deliver on promised equipment. According to […]

Trade in Mukula trees increased last year despite the ban, with suspicious transactions linked to its illegal exports amounting to over K4.4 million, says the Financial Intelligence Centre (FIC). And the FIC says there was […]

Some businesses in the construction sector made large unusual cash deposits last year amounting to a combined total of K110 million, the latest Financial Intelligence Centre (FIC) report reveals. According to the FIC 2017 Money […]

The annual rate of inflation has shot up to 7.8 per cent, up from 7.4 per cent recorded in April, according to Central Statistical Office data. Announcing Zambia’s annual rate of inflation for the month […]

The Financial Intelligence Centre has revealed that Zambia incurred estimated losses of K4.5 billion linked to financial crimes such as corruption and tax evasion, among others, in 2017. And Financial Intelligence Centre (FIC) director-general Mary […]

Zambia’s gross international reserves have fallen below US$2 billion for the first time in over a year, triggered by the need to finance the country’s widening current account deficit, Bank of Zambia data reveals. According […]

Secretary to the Treasury Fredson Yamba insists that there was no illegality in the US$500 million Sovereign Guarantee that was personally signed by President Edgar Lungu and issued in favour of Stag African Investments Limited […]

Radisson Hotel Group have announced that Park Inn, a new hotel, will be opening in Lusaka by 2020 to meet growing tourism demand in Zambia. In a statement, the group announced that Park Inn, the […]