Business

Kwacha resumes depreciation
By Stuart Lisulo on 17 Apr 2018
THE kwacha has started depreciating towards the K10 per dollar mark following strong demand for dollars and an unexpectedly undersubscribed Treasury Bill auction. According to....
Lungu, associates will personally pay debt they’re contracting – Tembo
By Mukosha Funga on 17 Apr 2018
Patriots for Economic Progress leader Sean Tembo says President Edgar Lungu, his ministers and technocrats must stand ready to personally pay back debt they are....
Agri-tech exhibitor narrates how he multiplies cattle for free
By Mirriam Chabala on 16 Apr 2018
The 2018 Agri-tech Expo which took place at the Gart Research Centre in Central Province’s Chisamba district, brought together a number of trade missions to....
ZICTA warns bus operators against providing courier services without licenses
By Abraham Kalito on 14 Apr 2018
Zambia Information and Communications Technology Authority public relations manager Ngabo Nankonde has warned bus operators and transporters to stop engaging in postal and courier services....
Chiteme releases second volume of 7NDP
By Sipilisiwe Ncube on 13 Apr 2018
National Development Planning Minister Alexander Chiteme has released volume two of the 7th National Development Plan whose aim is to guide on the implementation of....
Speculation on Zambia’s debt will negatively impact economy – CSPR
By Abraham Kalito on 13 Apr 2018
Civil Society for Poverty Reduction executive director Patrick Nshindano says government must publish Zambia’s exact debt stock because the speculation from economic commentators is extremely....
Ngoma asks ZAWA to quarantine infected buffaloes in Chisamba, prevent spread of FMD
By Abraham Kalito on 12 Apr 2018
The UPND has asked the Ministries of Health and Agriculture to conduct a study on the health and social consequences of the foot and mouth....
ZRA collets K794m revenue above target in first quarter
By Abraham Kalito on 11 Apr 2018
Zambia Revenue Authority (ZRA) Commissioner General Kingley Chanda says the authority has collected K794 million above the target of K10.37 billion set for revenue collection....
Lungu cements Zambia, India relations with 4 MOUs
By Mirriam Chabala on 11 Apr 2018
President Edgar Lungu yesterday held talks with his visiting Indian counterpart, President Ram Nath Kovind when he visited State House to witness the signing of....
Zambia’s bonds plummet on concern it’s pulling a Mozambique
By Paul Wallace and Matthew Hill on 11 Apr 2018
Investors fretting that Zambia may have more debt than it’s let on have sent the nation’s Eurobonds tumbling. Yields on the copper-producing country’s $1.25 billion....
Subletting Zambia Airways to another organization not the best option – EAZ
By Zondiwe Mbewe on 11 Apr 2018
Economic Association of Zambia (EAZ) president Dr Chrispin Mphuka says subletting Zambia Airways to another organization may not be the most viable option. Last week,....
Zesco has now stopped collecting TV levy – Kapata
By Abraham Kalito on 11 Apr 2018
Zesco spokesperson Henry Kapata the power utility company has now stopped deducting TV levy through its system following government’s decision to collect the same through....
Global Finance Magazine names Barclays best bank in Zambia
By Abraham Kalito on 10 Apr 2018
Barclays Bank Zambia Plc has been named the 2018 Best Bank and Best Corporate Bank in Zambia by the Global Finance Magazine and Global Banking....
DEC nabs Supreme Court official for money laundering
By Sipilisiwe Ncube on 10 Apr 2018
The Drug Enforcement Commission (DEC) in Lusaka has arrested and jointly charged a Human Resource Officer at the Supreme Court and three others for being....
K76.5bn Kalumbila tax scam must be investigated without political interference – CTPD
By Abraham Kalito on 10 Apr 2018
Centre for Trade Policy and Development executive director Isaac Mwaipopo says investigations into the K76.5 billion tax scam by Kalumbila Copper Mines must not be....
ERB maintains fuel prices in periodic review
By Sipilisiwe Ncube on 10 Apr 2018
Energy Regulation Board Chairperson Raymond Mpundu has announced that fuel prices will remain unchanged for the current fuel consignment. Mpundu said in the current 60-day....
Zambia’s ‘unknown’ debt faces Scrutiny
By Matthew Hill and Taonga Clifford Mitimingi on 10 Apr 2018
Zambia is facing tough questions over its foreign-debt levels from investors who think the real number may be more than double what the government says....
Zambia Airways has 10% chance of success – Pilot
By Zondiwe Mbewe on 7 Apr 2018
Minister of Transport and Communications Brian Mushimba has insisted that Zambians will be the major beneficiaries of Zambia Airways which will be launched in partnership....