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Stuart Lisulo
Stuart Lisulo is an experienced journalist with a focus on business news.Email: stuart [at] diggers [dot] news
5 Jun 2018
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Stuart Lisulo
Ministry of Housing has overbearing influence on road projects – Prof Saasa
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 […]
5 Jun 2018
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Stuart Lisulo
Illegal small-scale mining transactions hit K5 billion in 2017 – FIC
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 […]
5 Jun 2018
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Stuart Lisulo
Politically-Exposed Person received govt payments without delivery – FIC
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 […]
4 Jun 2018
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Stuart Lisulo
K4.4 million lost through Mukula smuggling – FIC
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 […]
4 Jun 2018
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Stuart Lisulo
Construction companies deposited unusual K110m cash in 2017 – FIC
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 […]
2 Jun 2018
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Stuart Lisulo
Inflation jumps to 7.8%
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 […]
1 Jun 2018
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Stuart Lisulo
Zambia lost K4.5bn to financial crimes in 2017 – FIC
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 […]
1 Jun 2018
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Stuart Lisulo
Zambia’s gross reserves plummet to 12-month low
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 […]
31 May 2018
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Stuart Lisulo
STAG deal pure corruption – Kambwili
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 […]
28 May 2018
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Stuart Lisulo
Radisson to open Park Inn Hotel in Lusaka
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 […]
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