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Home / Business-
Kwacha likely to depreciate further – Cavmont
By Stuart Lisulo on 25 Nov 2019The Kwacha is likely to depreciate even further before the end of this year, falling to an average K14.50 per dollar, amidst strong demand for....
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Interest rate hike looms as BAZ warns of banks’ cut back
By Stuart Lisulo on 22 Nov 2019The Bankers’ Association of Zambia has warned that credit consumers should immediately expect a hike in interest rates on loan facilities following the central bank’s....
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Standard Chartered closes 5 branches
By Natasha Sakala on 18 Nov 2019Standard Chartered Bank Zambia has announced the closure of five of its branches without stating any reasons. Standard Chartered stated that the Mongu, Kasama, Chililabombwe....
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Load shedding, kwacha depreciation slashing business performance – BCI
By Ulande Nkomesha on 15 Nov 2019Local businesses in Zambia have recorded a poor performance in the quarter of the third year of 2019 due to load shedding, the kwacha depreciation....
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Kwacha hits 14 per dollar
By Natasha Sakala and Stuart Lisulo on 14 Nov 2019The kwacha has depreciated to hit the K14.00 per dollar psychological barrier for the first time in six months, owing to a resumption in high....
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Zambia remains at high risk of debt default – CTPD
By Natasha Sakala on 14 Nov 2019Zambia is likely to refinance its first US $750 million Eurobond that falls due in less than three years’ time because the country remains at....
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Village saving groups most inclusive mode of banking – FSDZ survey
By Natasha Sakala on 13 Nov 2019Savings groups and “Chilimbas” are the most inclusive mode of banking in Zambia, a new Financial Sector Deepening Zambia (FSDZ) Report has revealed. The study....
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Mine contractors upbeat about KCM’s improved financial capacity to dismantle debts
By Julia Malunga on 12 Nov 2019Association of Mines Suppliers and Contractors (AMSC) president Augustine Mubanga says contractors are optimistic of getting their outstanding dues paid by Konkola Copper Mines (KCM)....
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Mopani appoints Bullock as new CEO
By Stuart Lisulo on 11 Nov 2019Mopani Copper Mines Plc has announced the appointment of its new chief executive officer, Nathan Bullock, who joins the company from BHP Olympic Dam Mine....
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Govt shelved 2017 Cost of Service Study because it exposed Zesco’s inefficiencies – NDC
By Mirriam Chabala on 8 Nov 2019The National Democratic Congress (NDC) has urged government to release the Cost of Service Study that was conducted by Economic Consulting Associates of the United....
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Load-shedding increases MultiChoice’s costs
By Mirriam Chabala on 8 Nov 2019MultiChoice Zambia says it has experienced substantial additional costs for continuous provision of services following the extended load shedding hours, which has increased the the....
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Mining in lower Zambezi will not go ahead – Chitotela
By Stuart Lisulo on 7 Nov 2019Tourism and Arts Minister Ronald Chitotela has disclosed that his Ministry has still not yet received an application from Australian miner, Zambezi Resources Limited, to....
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Govt’s marriage with Vedanta irreparably broken, there’s no reconciliation – Musukwa
By Stuart Lisulo on 7 Nov 2019Mines Minister Richard Musukwa says it remains undisputed that government’s marriage with Vedanta Resources Plc has irreparably broken down and that both parties will not....
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Zambia Sugar posts increased profits of K270m
By Stuart Lisulo on 7 Nov 2019Zambia Sugar Plc has posted increased profits of nearly K270 million during its financial year period ending August 31, 2019, boosted mainly by improved domestic....
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Zambia has attracted $5bn investment pledges, 60% towards energy sector – ZDA
By Sipilisiwe Ncube on 5 Nov 2019Zambia Development Agency (ZDA) acting Director-General Matongo Matamwandi says Zambia attracted US $5 billion worth of investment pledges in the second quarter of 2019 and....
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ZAM demands cost of service study before Zesco hikes tariffs again
By Ulande Nkomesha on 5 Nov 2019Consumer Unity Trust Society Society (CUTS) centre coordinator Chenai Makumba says government still needs to disclose details of its structured payment plan for the importation....
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Capital Buses seeks dialogue with Transport Ministry over Lungu’s ‘seat-belt’ directive
By Ulande Nkomesha on 5 Nov 2019Capital Buses proprietor Ishmael Kankara says the company is assessing the implications of President Edgar Lungu’s pronouncement directing Minister of Transport and Communications Mutotwe Kafwaya....
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Rising inflation rate worries ZCTU
By Ulande Nkomesha on 5 Nov 2019Zambia Congress of Trade Unions (ZCTU) deputy secretary general Elaston Njovu says the Union is concerned with the escalating levels of the annual rate of....
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Shepolopolo gets team of the year nomination
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Not even IMF bailout is enough to fix Zambia’s economy – Hamududu
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