Business

ZESCO has signed a power deal with EDM, Mozambique’s state-owned electricity company, which will enable the power utility firm to import 90 megawatts of power. And Zesco board chairperson Vickson Ncube says it is unfortunate... […]

ZESCO has attributed the delay in restoring power in some areas after load-shedding to unforeseen technical challenges, among other factors. And Zesco says it will conduct a review of the performance of the staggered load-shedding... […]

FINANCE and National Planning Minister Dr Situmbeko Musokotwane says Investrust Bank PLC has been quite problematic, noting that it got into serious problems during the Patriotic Front’s tenure. And Dr Musokotwane has reassured those who... […]

OIL Marketing Companies Association of Zambia (OMCAZ) president Kafula Mubanga has welcomed government’s decision to secure the procurement of petroleum products for the month of May 2024, which are K7 less in fuel pump price.... […]

FORMER Kasenengwa PF MP Sensio Banda says he doesn’t expect government to further burden citizens with taxes in the 2025 national budget. Banda has encouraged citizens and other stakeholders to ensure that they participate in... […]

SECRETARY to the Treasury Felix Nkulukusa has unpacked some of the contents of the debt restructuring agreements, revealing that official creditors have not given any hair cut while the bondholders have written off $840 million.... […]

THE Auditor General’s Special Report on the procurement of petroleum products from 2019 to 2021 has revealed that Tazama Petroleum Products Limited (TPPL) failed to recover a debt totaling K344, 513, 942 from seven Oil... […]

THE Lusaka Securities Exchange (LuSE) has halted trading in the securities of Investrust Bank PLC on all its platforms. On Tuesday, the Bank of Zambia (BOZ) announced that it had taken possession of Investrust Bank... […]

HYBRID Poultry Farm Zambia (HPF) Limited has officially launched African Poultry Multiplication Initiative (APMI) in partnership with World Poultry Foundation (WPF) which is aimed at training and providing technical know-how on poultry management in the... […]

THE Bank of Zambia (BOZ) says it has taken possession of Investrust Bank PLC with effect from Tuesday April 2, 2024. In a statement, Tuesday, BOZ explained that the possession of the bank had been... […]