Business

THE Ministry of Infrastructure, Housing and Urban Development has revealed that Chinese construction firm, China Henan International Cooperation Group Company Limited, is eyeing four road projects in Zambia under a PPP arrangement. In a statement,... […]

FINANCE and National Planning Minister Dr Situmbeko Musokotwane says not all cases involving the $3.5 billion in illicit financial flows cited in the FIC report are corruption or crime-related. The Financial Intelligence Centre’s 2024 Trends... […]

THE International Monetary Fund (IMF) Executive Board has completed the fifth review of Zambia’s 38-month Extended Credit Facility (ECF) Arrangement, providing immediate access to about US$184 million. The IMF says Zambia’s economic outlook remains positive,... […]

THE ENERGY Regulation Board (ERB) has disclosed that ZESCO’s current performance score stands at 60.9 percent, falling short of the required minimum Key Performance Indicator target of 75 percent. Speaking at a mid-year briefing, Friday,... […]

FINANCE and National Planning Minister Dr Situmbeko Musokotwane says if another drought were to occur, the country would not face the same challenges with electricity due to diversification of energy sources. And Dr Musokotwane says... […]

ZAMBIA Revenue Authority (ZRA) Commissioner General Dingani Banda says the authority may consider abolishing Withholding Value Added Tax in the future, but for now, it has only been suspended. ZRA announced the suspension of WVAT... […]

THE Zambia National Commercial Bank (ZANACO) has presented a dividend check of K134,777,040.18 to the Zambian government. Speaking during the dividend payment presentation, Thursday, ZANACO Board Chairperson Professor Oliver Saasa said the bank was heading... […]

AGRICULTURE Minister Mtolo Phiri has announced that government, through the Food Reserve Agency (FRA), has purchased 90,000 metric tonnes of maize from farmers. The Minister was responding to a question from Mbabala UPND MP Joseph... […]

SECRETARY to the Treasury Felix Nkulukuka says Zambia has made significant progress in debt restructuring, having achieved over 92 percent agreement in principle with its creditors amounting to $12.4 billion. Nkulukusa says despite the progress... […]

THE Zambia Revenue Authority (ZRA) has impounded a truck that was carrying 300 cases of Konyagi beer, concealed under sacks of kapenta, potatoes and clothes. In a statement, Wednesday, the authority stated that government would... […]