Business

We can give mine licenses to Zambians, but we also need foreign investors – Musukwa
By Mukosha Funga on 19 Aug 2019
Mines Minister Richard Musukwa says government is not averse to granting gold mining licenses only to Zambians, but notes that being a high capital-intensive field,....
1

Only a miracle can stop kwacha’s depreciation – Hamaundu
By Natasha Sakala on 17 Aug 2019
Financial analyst Maambo Hamaundu says it will take a miracle to rescue the kwacha’s continued weak performance against major currency convertibles because Zambia’s huge debt....
2019 mining fiscal regime will continue triggering more job losses, warns Chamber
By Ulande Nkomesha on 17 Aug 2019
The 2019 mining fiscal regime risks resulting in more job losses due to the shutdown of copper smelting and refining plants on the Copperbelt Province,....
Debt repayments will squeeze social sector spending further – Saasa
By Natasha Sakala on 16 Aug 2019
Economist Professor Oliver Saasa has warned Zambians to brace themselves for less social sector spending because government is prioritizing debt service repayments to avoid defaulting.....
Prof Saasa hopes for well consulted mining tax policy in 2020 budget
By Natasha Sakala on 15 Aug 2019
Economist Professor Oliver Saasa has warned that the country will be killing the ‘goose that lays the golden egg’ if government does not come up....
Africa still needs improved market access for better economies, notes Ng’andu
By Natasha Sakala on 15 Aug 2019
There is a growing need to improve market access for African goods and increase Foreign Direct Investment (FDI) on the continent, says Minister of Finance....
CUTS calls on govt to review maize subsidy
By Natasha Sakala on 14 Aug 2019
The Consumer Unity Trust Society (CUTS) has called on government to revise the maize subsidy to millers following the continued escalating prices of mealie meal....
ZRA collects K3.1m from impounded heavy duty trucks
By Ulande Nkomesha on 14 Aug 2019
The Zambia Revenue Authority (ZRA) has started the operation to impound all heavy duty vehicles imported dubiously into the country, collecting K3.1 million in unpaid....
ZRA collects K3.1m from impounded heavy duty trucks
By Ulande Nkomesha on 14 Aug 2019
The Zambia Revenue Authority (ZRA) has started the operation to impound all heavy duty vehicles imported dubiously into the country, collecting K3.1 million in unpaid....
Maize shortage causing high mealie meal prices, explains MAZ
By Natasha Sakala on 12 Aug 2019
Millers Association of Zambia (MAZ) president Andrew Chintala has disclosed that the country is currently experiencing a shortage of maize on the market, which is....
Kwacha slides back to hit K13 per dollar
By Stuart Lisulo on 9 Aug 2019
The kwacha has depreciated to hit the K13.00 per dollar pyschological barrier for the first time in three months, owing to a resumption in high....
AfDB dangles $750m to woo private sector in economic growth
By Natasha Sakala on 8 Aug 2019
Minister of Finance Dr Bwalya Ngandu has called on the private sector to take advantage of the US$750 million financing facility offered by the African....
1

CTPD urges govt to halt re-launch of Zambia Airways
By Mirriam Chabala on 7 Aug 2019
The Centre for Trade Policy and Development (CTPD) has urged government to halt plans for the re-launch of a national airline until the country’s economy....
BoZ still refining Depositors’ Insurance Bill – Chipimo
By Natasha Sakala on 6 Aug 2019
Newly-appointed Bank of Zambia (BoZ) deputy governor for operations Dr Francis Chipimo says the central bank is still at the stage of consultation to refine....
Zambia’s GDP rebasing exercise delayed due to lack of funds – Ng’andu
By Julia Malunga on 6 Aug 2019
Minister of Finance Dr Bwalya Ng’andu says the rebasing of Zambia’s Gross Domestic Product (GDP) exercise has been postponed due to a lack of resources....
Ng’andu asks Parliament to approve K9.8 billion supplementary budget
By Ulande Nkomesha on 2 Aug 2019
Ministry of Finance Dr Bwalya Ngan’du has presented a supplementary budget to Parliament amounting to K9.8 billion, with about K6.4 billion to be spent on....
Don’t sell KCM before arbitration, Chamber of Mines cautions govt
By Natasha Sakala on 31 Jul 2019
Zambia Chamber of Mines president Goodwell Mateyo has cautioned government against proceeding with the sale of Konkola Copper Mines (KCM) before the arbitration process in....
Vodafone attributes network outages to lack of capital injection
By Ulande Nkomesha on 31 Jul 2019
Mobile Broadband Limited, trading as Vodafone Zambia, says the delay in capital injection to the company has led to some areas experiencing network outages. In....

Govt should consider emergency cash transfers to counter high mealie meal prices – IAPRI

By Stuart Lisulo on 30 Jul 2019

Government should consider temporary emergency cash transfers to urban poor households to enable consumers afford the escalating prices of mealie meal, says the Indaba Agricultural....

Zamtel’s market share has grown to 19% – Kaluba

By Natasha Sakala on 30 Jul 2019

The Industrial Development Corporation (IDC) says Zamtel Plc’s increase in their number of subscribers to over three million as at June, 2019, has translated into....

We’re riding on razor’s edge over KCM – Kanyama

By Natasha Sakala on 29 Jul 2019

Economist Chibamba Kanyama says Zambia is riding on razor’s edge with regards the liquidation of Konkola Copper Mines. In an interview, Kanyama, who is also....

Inflation rises to 8.8%

By Stuart Lisulo on 26 Jul 2019

The annual rate of inflation has leaped to 8.8 per cent in July, up from 8.6 per cent recorded in June, the highest on record....

Millers explain high mealie meal prices

By Natasha Sakala on 25 Jul 2019

Millers Association of Zambia (MAZ) chairman Andrew Chintala says high mealie meal prices currently obtaining on the market are mainly because millers are accessing maize....

We’ll decide the way forward for Zambia Airways once I settle down – Kafwaya

By Mirriam Chabala on 24 Jul 2019

Newly appointed Transport and Communications Minister Mutotwe Kafwaya says he will rely on information that staff at the ministry will provide in deciding the next....

Zambia’s expected trade deficit will worsen poverty levels – CSPR

By Natasha Sakala on 24 Jul 2019

Zambia’s worse than expected trade deficit, triggered by poor copper prices, will worsen poor people’s living conditions, says the Civil Society for Poverty Reduction (CSPR).....

Animal movement ban will worsen hunger crisis in S/Province – UNZA lecturer

By Mirriam Chabala on 24 Jul 2019

University of Zambia (UNZA) senior lecturer in charge of livestock and animal health economics Dr Chisoni Mumba says the animal movement ban that government has....

Zambia’s 2019-half year copper production drops to 355,751 tonnes

By Stuart Lisulo on 24 Jul 2019

Zambia’s copper production for the 2019 half-year has dropped to 355,751 metric tonnes from 408,919.01 tonnes in the corresponding period last year, triggered by slashed....

Chamber of Mines disagrees with Ng’andu over 2019 mining tax regime

By Natasha Sakala on 23 Jul 2019

The Zambia Chamber of Mines has disagreed with the sentiments made by newly-appointed Finance Minister Dr Bwalya Ng’andu that declining copper production is not linked....

Treasury should speed up reviewing Financial Regulations Act – Kunda

By Sipilisiwe Ncube on 23 Jul 2019

Muchinga MMD member of parliament Howard Kunda has asked the Treasury to speed up the process of reviewing the Financial Regulations and Stores Regulation Act....

BoZ seizes Zampost, Pan African Building Society, after both declared insolvent

By Stuart Lisulo on 21 Jul 2019

The Bank of Zambia (BoZ) has seized Zampost Microfinance Limited and Pan African Building Society effective Friday, July 19, 2019, after both financial institutions fell....

Kantanshi MP Anthony Mumba speaks to journalist in Lusaka-picture by Tenson Mkhala

Nothing wrong with selling KCM to Chinese – Negotiating team

By Mirriam Chabala on 18 Jul 2019

Kantanshi independent member of parliament Anthony Mumba says the anti-Chinese campaign being propagated by people on the Copperbelt must stop because it might be destructive....

If we can get fiscal fitness into the economy, we can get IMF deal – Ng’andu

By Natasha Sakala and Stuart Lisulo on 18 Jul 2019

Newly-appointed Finance Minister Dr Bwalya Ng’andu says as austerity measures begin to produce results, the gap between the Zambian government and the IMF will begin....

SA newspaper weighs in on KCM saga: “Learn from Zambia’s damage to mines”

By Diggers Correspondent on 18 Jul 2019

SA MUST PAY ATTENTION TO DAMAGE ZAMBIA HAS DONE TO ITS MINING INDUSTRY The last thing SA needs is an antagonistic relationship with a major....

Zambia Railways needs $922 million to operate efficiently – CEO

By Joseph Mwenya in Kabwe on 17 Jul 2019

Zambia Railways Limited (ZRL) needs US$922 million in order to build capacity and improve its operating efficiency in line with its Strategic Plan for 2018....

Barrick hopeful of 2019 mining fiscal regime resolution

By Stuart Lisulo on 17 Jul 2019

Barrick Gold Corporation president and chief executive officer Mark Bristow says the company is hopeful that a successful resolution will be found with the Zambian....

Govt need to narrow the gap between austerity pronouncements and action – Ng’andu

By Sipilisiwe Ncube on 17 Jul 2019

Newly appointed Finance Minister Dr Bwalya Ng’andu says there is need for government to narrow the gap between the austerity measures announced and the action....

ZNFU denounces NBA’s plan to import GMO food

By Natasha Sakala on 16 Jul 2019

The Zambia National Farmers Union (ZNFU) has described as “nonsensical” the move by the National Biosafety Authority (NBA) to allow for the importation of Genetically....

Chibamba calls for cost benefit analysis to consider fuel subsidy

By Natasha Sakala on 15 Jul 2019

Economist Chibamba Kanyama says Zambia’s annual rate of inflation should be expected to remain under pressure on account of the anticipated fuel price increase and....