ENERGY Regulation Board Chairperson Reynolds Bowa says the continued depreciation of the Kwacha against major convertibles might have a negative impact on the review of fuel pump prices next week. In an interview, Thursday, Bowa said it is certain that the Kwacha depreciation negatively impacts the fuel price. "I have said publicly on many occasions...

GOVERNMENT has assured that the procurement and distribution of farming inputs for the 2023-2024 farming season will be done in time this time around, saying lessons have been learnt. Ministry of Agriculture Permanent Secretary Green Mbozi says government wants to ensure delivery of inputs not later than June/July. In an interview, Wednesday, Mbozi said the...

OIL Marketing Companies Association of Zambia president Kafula Mubanga has admitted that there is indeed a scheme by some Oil Marketing Companies to create an artificial fuel shortage in the country. But Energy Regulation Board (ERB) Board Chairperson Reynolds Bowa has assured that the country has enough fuel reserves. Ministry of Information Media Director and...

THE annual inflation for January 2023 has reduced to 9.4 percent from the 9.9 percent recorded in December 2022. And the Zambia Statistics Agency says retail prices between December 2022 and January 2023 show that the national average price of a 25 kg bag of breakfast mealie meal increased by 5.67 percent from K171.72 to...

CITIZENS First leader Harry Kalaba says President Hakainde Hichilema has performed ‘very’ poorly with regards to managing the country’s debt. During her visit to Zambia, IMF Managing Director Kristalina Georgieva revealed that there was no consensus with China to effect a haircut on the country's debt. Reacting to the IMF chief's revelations, Kalaba said he...

ZAMBIA Revenue Authority (ZRA) acting Commissioner General Joseph Nonde says the authority plans to engage the local government to help it collect Presumptive tax in bus stations. Presumptive taxes are estimates of tax payable that are used in dealing with incomes or activities that are hard to tax, e.g. the informal sector. The tax was...

GOVERNMENT has signed an agreement to amend the SADC protocol on energy which seeks to promote and encourage direct participation of SADC member states in the development and efficient use of energy resources. Speaking during the signing ceremony, Energy Minister Peter Kapala said Zambia and the region had witnessed significant challenges in the energy sector....

FIRST Quantum Minerals Limited has announced the appointment of Godwin Beene as its Country Manager in Zambia taking over from General Kingsley Chinkuli. And Dr Beene has described his appointment as an honour and privilege. According to a statement, Wednesday, the company said Dr Beene was well-equipped for the job having served as Permanent Secretary...

FINANCE and National Planning Minister Dr Situmbeko Musokotwane says government has honoured and paid all eligible government employees the 10.5 percent salary increment. In a statement yesterday, the Ministry of Finance and National Planning said the total wage bill for salaries had moved from K2, 593,268, 929.92 in December 2022 to K2, 734,100,261.23 in January...

MINES and Minerals Development Minister Paul Kabuswe says Zambia has so much copper that by the time it finishes, everyone living now, including their grandchildren, will be dead. And Kabuswe says the construction of an electric car battery manufacturing plant will commence in the next two to three months. Speaking when he featured on Radio...