Business

KCM has so far produced 860mt copper against a target of 12,500 in June
By Stuart Lisulo on 14 Jun 2019
Konkola Copper Mines (KCM) Plc has so far only produced 860 metric tonnes of copper against a target of 12,500 in June. And management of....
Zesco needs competition to narrow Zambia’s power deficit – ZACCI
By Mirriam Chabala on 13 Jun 2019
The Zambia Chamber of Commerce and Industry (ZACCI) says there is need for private sector investment in the energy sector because Zesco has no capacity....
Long Acres Barclays employee on the run after stealing $400,000
By Sipilisiwe Ncube on 13 Jun 2019
Drug Enforcement Commission (DEC) spokesperson Theresa Katongo says the Commission has received a complaint from Barclays Bank Long Acres branch about its employee who has....
Bloomberg Media Initiative Africa expands financial journalism training programme
By Stuart Lisulo on 13 Jun 2019
The Bloomberg Media Initiative Africa (BMIA) announced the expansion of its Financial Journalism Training (FJT) programme to five African countries following the success of the....
Dipak tips PF govt on how to survive economic crisis
By Stuart Lisulo on 12 Jun 2019
President Edgar Lungu, the Judiciary and all MPs must freeze their salaries for the next two years if government will free up much-needed funds to....
Govt attacks on FIC sends wrong signals to International community – Prof Saasa
By Sipilisiwe Ncube on 12 Jun 2019
Economist Professor Oliver Saasa says it raises fundamental questions of what sort of image Zambia is trying to create for itself when government officials take....
Zesco’s failure to stick to load-shedding schedule hurting businesses – PAZ
By Mirriam Chabala on 12 Jun 2019
Poultry Association of Zambia (PAZ) chairperson Veronica Machungwa has warned that the erratic load-shedding currently being experienced will force small and upcoming enterprises out of....
Keep it simple!
By Chibamba Kanyama on 11 Jun 2019
We use big words in business but the bottom-line remains that a business exists to make money. A plane is a plane. We have single....
China unlikely to grant Zambia debt relief – Barclays UK
By Stuart Lisulo on 11 Jun 2019
Barclays Bank UK says China is unlikely to give the Zambian government comprehensive debt relief as there is little incentive to do so. And Barclays....
Sales Tax will subject Zambians to worse economic hardships – ZTP
By Stuart Lisulo on 11 Jun 2019
The impending Sales Tax will subject Zambians to even worse economic hardships than what is being experienced now, the Zambia Tax Platform (ZTP) has warned.....
Govt must lift ban on livestock movement – Ngoma
By Stuart Lisulo on 7 Jun 2019
Government must urgently lift the ban on livestock movement to safeguard farmers’ incomes and address the shortage of beef in some areas of the country,....
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Govt won’t tolerate Vedanta’s evil arbitration over KCM – Musukwa
By Mirriam Chabala on 5 Jun 2019
Mines Minister Richard Musukwa says the decision by Vedanta Resources to drag government to international arbitration following the seizure of Konkola Copper Mine (KCM) is....
Fuel price hike imminent – NKC
By Stuart Lisulo on 4 Jun 2019
Fuel prices are expected to rise sharply in view of the kwacha’s weak performance against major currency convertibles and increased crude oil prices on the....
Mvunga warns businesses pricing in dollar: “they risk losing govt deals”
By Stuart Lisulo on 4 Jun 2019
Deputy Secretary to the Cabinet Christopher Mvunga says the legal tender in Zambia is Kwacha and there is no business house that is encouraged to....
Mealie meal supply to drought-hit areas may remain erratic – Kazabu
By Stuart Lisulo on 4 Jun 2019
Former Agriculture and Livestock deputy minister Lackson Kazabu says he strongly doubts that drought-hit areas of the country will receive a stable and consistent supply....
Kafubu Water sustained highest revenue losses in 2018 – NWASCO
By Stuart Lisulo on 4 Jun 2019
The Kafubu Water and Sewerage Company (KWSC) was found to have the highest revenue losses last year of over K236 million due to illegal connections....
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Load-shedding will negatively affect SMEs, warns CTPD
By Mirriam Chabala on 3 Jun 2019
The Centre for Trade Policy and Development (CTPD) has warned that Zescos’s decision to resume a four-hour load-shedding schedule from June to December this year....
11 water utilities will now offer sanitation services – NWASCO
By Stuart Lisulo on 3 Jun 2019
All 11 water utilities around the country will be expected to upgrade their service provision from sewerage to sanitation following a change in their licensing....

Inflation jumps to 8.1%

By Stuart Lisulo on 1 Jun 2019

The annual rate of inflation has increased to 8.1 per cent for May, 2019, mainly triggered by price increases in dried fish and kapenta, Central....

We won’t sell Zesco, ZNBC, but if a fantastic opportunity comes, we’ll look at it – Maggy

By Sipilisiwe Ncube on 31 May 2019

Finance Minister Margaret Mwanakatwe says Zambia is not in such a big economic crisis to warrant selling of state enterprises but that if a “fantastic....

Zambia Railways’ poor performance due to incompetence – Chipewo

By Stuart Lisulo on 31 May 2019

Zambia Railways Limited is likely to remain loss-making because the parastatal has employed staff who are not competent enough to make it profitable, says transport....

Sales Tax will trigger massive job losses, warns ZICA

By Stuart Lisulo on 31 May 2019

The impending Sales Tax is likely to trigger massive job losses in the country in its current form, the Zambia Institute of Chartered Accountants (ZICA)....

7,000 Lusaka residents to benefit from sanitation programme upgrade – LWSC

By Mirriam Chabala in Chisamba on 29 May 2019

The Lusaka Water and Sewerage Company (LWSC) says about 7,000 households in George, Kanyama and Chawama townships are going to benefit from the onsite sanitation....

58% of Zambia’s farmers prefer E-Voucher – CUTS

By Stuart Lisulo on 29 May 2019

58 per cent of farmers nationwide prefer using the electronic voucher over the old traditional Direct Input Supply (DIS) system under the Famer Input Support....

Yalelo failed to pay K17.3m dividends to DBZ – AG

By Thomas Mulenga on 29 May 2019

The Auditor General’s Report on the parastatal bodies and other statutory institutions has revealed that Yalelo Limited failed to pay nearly K17.3 million in dividends....

Zambians should expect to continue suffering economic hardships – CTPD

By Stuart Lisulo on 29 May 2019

Zambians are expected to continue facing hard economic times with escalating poverty levels if government fails to urgently implement corrective fiscal measures, says the Centre....

Maggy announces cancellation of signed loans to tackle mounting debt

By Sipilisiwe Ncube on 29 May 2019

Cabinet has cancelled some signed, but undisbursed loans, to moderate Zambia’s growing risk of debt distress, says Finance Minister Margaret Mwanakatwe. Addressing journalists at a....

Govt announces 3 drought-hit provinces won’t host agricultural shows

By Thomas Mulenga on 29 May 2019

Ministry of Agriculture Permanent Secretary Songowayo Zyambo has instructed Provincial Agricultural Coordinators for Lusaka, Southern and Western Provinces not to hold agricultural shows this year....

We’re targeting to beat Zambeef, says Cattle Wealth

By Mirriam Chabala on 28 May 2019

Cattle Wealth Management Firm (CWMF), a company that was created to farm cattle for individuals passionate about ranching, says it’s targeting to surpass rivals Zambeef....

An encounter with Henk Mulder, ZANACO boss

By Chibamba Kanyama on 28 May 2019

I had met him a few times before when he came to officially open training programmes in which my company, Bridges Limited, was involved. However,....

Moody’s downgrade shows Zambia remains at high risk of Eurobond default – Kanyama

By Mirriam Chabala on 28 May 2019

Zambia’s credit rating downgrading to negative has sent worrying signals to domestic and international creditors that government may default on the Eurobond due to mature....

Money supply in circulation has contracted – BoZ

By Stuart Lisulo on 27 May 2019

Money supply remains a pressing challenge that needs to be seriously addressed to kick-start Zambia’s economic growth, says Bank of Zambia (BoZ) governor Dr Denny....

CTPD urges govt to be cautious with KCM liquidation

By Mirriam Chabala on 24 May 2019

CTPD has asked government not to force Konkola Copper Mines (KCM) to discontinue its operations due to the company’s current financial challenges but instead follow....

AG’s report on Zambia Railways loss overtaken by progress – Linyama

By Mirriam Chabala on 24 May 2019

Zambia Railways board Chairperson Lubinda Linyama says the company has put in place a number of interventions aimed at dismantling its historical liabilities with statutory....

BoZ explains 14.9% Kwacha depreciation

By Stuart Lisulo on 23 May 2019

The Kwacha depreciated sharply against major currency convertibles in a space of six weeks, losing value by nearly 15 per cent, triggered by dwindling dollar....

Why Farmers and MPs Prefer The E-voucher: The Case for Full Rollout

By Guest Digger on 22 May 2019

In 2018, CUTS found that 58% of e-voucher users prefer the e-voucher to the traditional FISP; last week we met with farmers who confirmed that....

8 CSOs oppose sales tax

By Thomas Mulenga on 22 May 2019

Eight Civil Society Organisations have opposed the proposed introduction of Sales Tax to replace the value added tax, arguing that Sales Tax has dangerous consequences....