Business

29 Dec 2023 | Philip Chisalu

Inflation closes 2023 at 13.1%

THE annual inflation rate for December 2023 has increased to 13.1 percent from the 12.9 percent recorded in November 2023. And the Zambia Statistics Agency (ZamStats) has revealed that between November 2023 and December 2023,... […]

29 Dec 2023 | Prudence Chota

ERB studying possibility of increasing fuel price review period

Energy Regulation Board (ERB) Director General Engineer Yohane Mukabe says the board is considering extending the fuel price review period from the current one month to three months. Mukabe also says government has planned to... […]

28 Dec 2023 | Philip Chisalu

Economist projects rise in inflation

ECONOMIST Trevor Hambayi has projected an increase in the inflation rate for the month of December by at least one percent. And Hambayi says the US$187 million that Zambia is receiving from the IMF will... […]

28 Dec 2023 | Prudence Chota

Stable Kwacha key to sustaining stable fuel prices – Chikwanda

ENERGY Expert Johnstone Chikwanda says with investor issues around Mopani and KCM resolved, the country should expect improved production and dollar inflow which will ultimately contribute to stabilising the Kwacha. And Dr Chikwanda has advised... […]

26 Dec 2023 | Philip Chisalu

Govt projects to absorb at least 60% of 2023 CDF by end of year

MINISTRY of Local Government and Rural Development Permanent Secretary for Technical Services Nicholas Phiri says government projects to carryover some funds from the 2023 CDF allocation into 2024. Phiri has however expressed hope that by... […]

26 Dec 2023 | Mwiche Nalwimba

We shouldn’t always depend on donor support, let’s do more ourselves – Nkhoma

ECONOMIST Noel Nkhoma says the support the country is receiving from the World Bank and other multilateral financing institutions confirms the credibility of the new dawn administration. But Nkhoma says the country should not always... […]

26 Dec 2023 | Philip Chisalu

There’s no tangible progress yet on new DBZ – Musokotwane

FINANCE and National Planning Minister Dr Situmbeko Musokotwane says government has not made any tangible progress yet on its plans to establish a new Development Financial Institution. In July this year, the Bank of Zambia... […]

26 Dec 2023 | Angela Muchinshi

Cabinet’s decision on preferential treatment for local suppliers thrills mineworkers’ union

MINEWORKERS Union of Zambia (MUZ) president Joseph Chewe has hailed Cabinet for approving the introduction of regulations for preferential treatment of local suppliers of goods and services in the mining sector. In an interview, Sunday,... […]

25 Dec 2023 | Prudence Chota

UAE based company to buy majority shares in Pamodzi Hotel at $18m

THE Board of Directors for Taj Pamodzi Hotel have announced that Tata International Singapore Pte Ltd (TISPL), the majority shareholder in the company, has agreed to sell its controlling shareholding to ASB Hospitality at a... […]

23 Dec 2023 | Prudence Chota

Cost of living up by K96.81

THE cost of living for December for a family of five in Lusaka has increased to K9,157.41 from the K9,060.60 recorded in November 2023, representing an increase of K96.81. According to the JCTR’s Basic Needs... […]

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