THE Rural Electrification Authority (REA) says $240 million out of $1.52 billion has been mobilised from government and the World Bank for the Rural Electrification Master Plan. The Rural Electrification Master Plan which was launched... […]

GOVERNMENT says it needs over US$100 million to establish a one million hectare forestry project along the Lobito Corridor. The project, which is being developed in partnership with the World Bank, is expected to create... […]

THE Zambia Public Procurement Authority (ZPPA) has suspended two companies from participating in public procurement for one year after they received advance payments to supply equipment to schools but failed to fulfil their contractual obligations.... […]

THE National Assembly has approved the supplementary budget of K19.9 billion. Recently, Minister of Finance and National Planning Dr Situmbeko Musokotwane proposed a K19.9 billion second supplementary budget for 2026. In the supplementary budget, K15.8... […]

ZESCO owes Independent Power Producers (IPPs) US$109.7 million, Zesco Chief Operations Officer Fitzpatrick Kapepe has disclosed. Kapepe says of the $109.7 million, $93 million is owed to Karpowership, a Turkish multinational power generation company. He... […]

CABINET has approved the proposed 2027 National Budget which is expected to be presented to the National Assembly this Friday. In a statement, Tuesday, Chief Government Spokesperson Elvis Nkandu stated that the country was on... […]

ECONOMIST Dr Nicholus Mainza says Moody’s Ratings’ decision to upgrade Zambia’s credit rating shows that external creditors have confidence in government’s leadership to manage finances. However, economist Bright Chizonde argues that Moody’s rating of Zambia... […]

MINISTER of Finance and National Planning Dr Situmbeko Musokotwane says government is spending ahead of time in 2026 to limit food security expenses in 2027, following forecasts of a drought. Dr Musokotwane was speaking in […]

THE Zambia Revenue Authority (ZRA) has intercepted three super-link trucks at Kafue checkpoint carrying ethanol that had been declared as paraffin at Chirundu One Stop Border Post. According to ZRA, the consignment contained 478 drums... […]

MINES and Minerals Development Minister Brenda Tambatamba has warned mining license holders sitting on dormant licenses to either find partners or surrender them to government. Speaking during the Ministry of Mines Podcast, Monday, Tambatamba warned... […]