Business

There’s serious competition among investors to develop govt’s ‘idle assets’, says Mutati
By Abraham Kalito on 12 Jun 2018
Works and Supply Minister Felix Mutati says the level of competition among local and international investors to re-develop “idle and wasting” assets is already high.....
Zambeef’s profits soar to K11.6 million
By Stuart Lisulo on 11 Jun 2018
Zambeef Plc has posted huge profits after tax of K11.6 million after producing strong volume growth in both its cold chain food products and stock....
CUTS warns govt against reverting to FISP
By Mirriam Chabala on 11 Jun 2018
CUTS centre coordinator Chenai Mukumba says government’s decision to suspend 40 percent e-voucher system by reverting to the old conventional Farmer Input Support Programme (FISP)....
Govt deliberately inflated cost of Lusaka-Ndola Road from $100m to $1.2bn – Trevor Simumba
By Sipilisiwe Ncube on 11 Jun 2018
International Trade Researcher and Consultant Trevor Simumba says his latest research findings have found proof that government unjustifiably escalated the cost of the Ndola-Lusaka dual....
China imported 20 times more Mukula from Zambia than what was declared
By Abraham Kalito on 11 Jun 2018
A report by the Center for International Forest Research (CIFOR) on Mukula production and trade has revealed that Zambia declared to have exported 3,000 m3....
RDA under siege from illiterate political cadres, reveals report
By Stuart Lisulo on 6 Jun 2018
The Road Development Agency’s investment decisions in road projects are altered at the Ministry of Housing and Infrastructure Development after submission to cater for political....
Mealie meal prices could be hiked, warn millers
By Abraham Kalito on 5 Jun 2018
The Millers Association of Zambia (MAZ) says mealie meal prices are likely to be adjusted upwards due to an increased number of briefcase buyers in....
K4.4 million lost through Mukula smuggling – FIC
By Stuart Lisulo on 4 Jun 2018
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....
Construction companies deposited unusual K110m cash in 2017 – FIC
By Stuart Lisulo on 4 Jun 2018
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....
Govt eager to implement new land ownership policy for women
By Sipilisiwe Ncube on 4 Jun 2018
Lands and Natural resources Minister Jean Kapata says government has elevated the 30 per cent land ownership threshold for women to 40 per cent in....
ZNFU eager to get involved in 2018/2019 fertilizer distribution
By Abraham Kalito on 4 Jun 2018
Government has decided to re-stream 40 per cent of the E-voucher FISP to the old system, a move which has excited the Zambia National Farmers’....
Kagem gives its unionzed employees a 10% pay rise
By Daniel Chansa in Ndola on 3 Jun 2018
Kagem Emerald Mining Limited has given its unionzed workers a 10 per cent salary increment. The increment comes barely two weeks after workers protested for....
Inflation jumps to 7.8%
By Stuart Lisulo on 2 Jun 2018
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....
ZCCM-IH earns K729m profit
By Abraham Kalito on 1 Jun 2018
ZCCM-IH posted a profit after tax of K729 million during its financial year ending March 31, 2017, from incurring losses of nearly K3 billion in....
Zambia’s gross reserves plummet to 12-month low
By Stuart Lisulo on 1 Jun 2018
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....
You can’t predict contingencies in a budget – Msiska
By Abraham Kalito on 31 May 2018
Secretary to the Cabinet Roland Msiska has asked cooperating partners to help Zambia create a solid 2019 budget plan. And Dr Msiska says anyone who....
Fraudulent selection of agro-dealers messing up e-voucher – Hamududu
By Mirriam Chabala on 29 May 2018
The Electronic Voucher lacks transparency in the selection of agro-dealers as some of them have been conniving to benefit from some farmers’ e-cards, says Party....
Govt must step foot in mining industry, exploit copper revenue – Habazoka
By Mirriam Chabala on 28 May 2018
Economist Dr Lubinda Habazoka has urged government to step it’s foot in the mining industry to ensure that it exploits meaningful revenue from the sale....