Business

Vedanta to lose control of KCM upon LSE delisting – Foil
By Stuart Lisulo on 15 Aug 2018
Vedanta Resources Plc’s planned de-listing from the London Stock Exchange (LSE) could see the company relinquish its control of its subsidiary Konkola Copper Mines (KCM).....
Uncertainties around Zambia’s Eurobond refinancing worry EAZ
By Stuart Lisulo on 14 Aug 2018
The deteriorating Turkish economy raises uncertainty surrounding the Zambian government’s plan to refinance the country’s US $750 million Eurobond using an unnamed company from that....
FISP can’t work with dysfunctional agricultural extension services – CTPD
By Stuart Lisulo on 13 Aug 2018
Government should step up its investment in agricultural extension services if the Farmer Input Support Programme (FISP) is to yield its intended results, says the....
Future farmers will cultivate with drones, automated tractors – AfDB
By Stuart Lisulo on 13 Aug 2018
The African Development Bank (AfDB) says there is no need for the continent to needlessly spend US $35 billion annually on importing food when it....
Govt lost K400m in tax revenue due to illicit tobacco – BAT
By Stuart Lisulo on 13 Aug 2018
The Zambian government lost an estimated K400 million between 2014 and 2017 as a result of the illicit tobacco trade, according to British American Tobacco....
Mukula has potential to boost export earnings – PMRC
By Mirriam Chabala on 12 Aug 2018
The Policy Monitoring and Research Centre (PMRC) says the Mukula tree has the potential to increase Zambia’s resource mobilisation efforts and contribute to the country’s....
Bankers urge govt to dismantle arrears to unlock funds into economy
By Abraham Kalito on 7 Aug 2018
The Bankers Association of Zambia (BAZ) has appealed to government to finish dismantling the outstanding arrears that have swelled to nearly K14 billion owed to....
Zambia’s first Hilton Garden Inn opens
By Stuart Lisulo on 7 Aug 2018
Hilton Garden Inn, the award-winning mid-scale brand by Hilton, has officially opened its doors at Lusaka Society Business Park on Cairo Road. According to a....
Apart from low prices, FRA doesn’t also pay farmers on time – Chief Kaindu
By Sipilisiwe Ncube on 7 Aug 2018
Chief Kaindu of the Kaonde people in Mumbwa district of Central Province says he will not sale his maize to FRA because lower as the....
Chiteme assures of Lungu’s commitment to complete projects
By Zondiwe Mbewe on 6 Aug 2018
Minister of National Development and Planning Alexander Chiteme says President Edgar Lungu is determined to implement developmental projects that will benefit all Zambians countrywide, irrespective....
Govt Printers run out of paper, as works stall due to lack of funds
By Abraham Kalito on 3 Aug 2018
Government Printers supervisor Humphrey Mumba has told Works and Supply Minister Felix Mutati, Thursday, that the institution has run out of paper and printing materials,....
2018 Agricultural and Commercial Show attracts 1,123 exhibitors
By Sipilisiwe Ncube on 2 Aug 2018
President Edgar Lungu will this Saturday open 2018 Agriculture and Commercial Show organisers ACSZ, have announced. Speaking at a press briefing in Lusaka, Wednesday, ACSZ....
Zambia records $1.3bn investment in property market between 2014-2017
By Sipilisiwe Ncube on 2 Aug 2018
More than US $1.3 billion was directly invested into the Zambian property market between 2014 and 2017, says Africa Property Group managing director Carl Johan....
IMF’s refusal to bailout Zambia has shamed PF – Msoni
By Sipilisiwe Ncube on 2 Aug 2018
The International Monetary Fund’s reluctance to finally approve an economic bailout programme for Zambia due to the government’s excessive borrowing is shameful, says All People’s....
Govt must facilitate farmers’ access to private markets – CUTS
By Mirriam Chabala on 2 Aug 2018
The Consumer Unity and Trust Society (CUTS) International says government should redirect its resources to facilitating farmers’ access to private sector markets in light of....
Turkey’s financing of Zambia’s Eurobond will be costly – CTPD
By Stuart Lisulo on 2 Aug 2018
Government’s move to engage a Turkish company to refinance Zambia’s US $750 million Eurobond may translate into increased costs due to the suspended IMF bailout....
BoZ to circulate new, upgraded bank notes
By Sipilisiwe Ncube on 1 Aug 2018
The Bank of Zambia (BoZ) says it will this month offload upgraded bank notes with new security features. But the central bank has assured that....
Zanaco anticipates reduced economic growth, fears high inflation
By Abraham Kalito on 1 Aug 2018
Zanaco Plc economist Dr Patrick Chileshe has predicted that negative factors, including sliding copper prices, rising crude oil prices and a rise in inflation rate....