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Business
1 Jun 2024
|
Philip Chisalu
Lusaka police kill 4 criminals
POLICE in Lusaka have shot dead four armed criminals, among them 44-year-old Felix Mwanja, a former reserve police officer. In a statement, Saturday, Police Spokesperson Danny Mwale disclosed that on Friday, May 31, 2024, around... […]
1 Jun 2024
|
Philip Chisalu
Cost of living increases by K352.87
THE Jesuit Centre for Theological Reflection (JCTR) has revealed that cost of living for May 2024 increased by K352.87. According to JCTR, the Basic Needs and Nutrition Basket (BNNB) for the month under review rose... […]
31 May 2024
|
Philip Chisalu
ERB maintains petrol at K35.56 but raises diesel, kerosene prices
THE Energy Regulation Board has maintained the price of petrol at K35.56 per litre, but increased diesel, kerosene and jet A-I prices to K31.11, K29.50 and K32.76, respectively, for the month of June. In a... […]
31 May 2024
|
Philip Chisalu
There’s potential for Zambia’s credit rating to be upgraded after debt restructuring – CSO Debt Alliance
CSO Debt Alliance says there is potential for Zambia’s credit rating to be upgraded after Eurobond holders voted in favour of the country’s proposed restructuring deal. On Tuesday, Secretary to the Treasury Felix Nkulukusa disclosed... […]
31 May 2024
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Philip Chisalu
KCM creditors have endorsed proposed scheme of arrangement – Vedanta
VEDANTA Resources has disclosed that 99 percent of Konkola Copper Mines (KCM) Class 2 creditors have voted in favour of the proposed scheme of arrangement. Vedanta Resources Zambia Director for Corporate Communications, Masuzyo Ndhlovu, has... […]
31 May 2024
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Philip Chisalu
Inflation rises to 14.7%
THE Zambia Statistics Agency (ZamStats) has disclosed that the annual inflation for May 2024 has increased to 14.7 percent from the 13.8 percent recorded in April 2024. And ZamStats has revealed that the country recorded... […]
31 May 2024
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Philip Chisalu
We contributed $727.8m to Zambia’s economy in 2023 – FQM
FIRST Quantum Minerals’ latest Tax Transparency and Contributions to Government Report has revealed that the firm contributed over US$727.8 million to the country’s economy in 2023. And FQM Country Manager Dr Godwin Beene says his... […]
30 May 2024
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Philip Chisalu
UPND must implement short term measures to remain popular – Saasa
ECONOMIST Oliver Saasa says as government realigns the 2024 budget, it should revisit things that have proved to be very painful to the average Zambian, which may not make a lot of economic sense but... […]
29 May 2024
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Philip Chisalu
We expect normal rainfall in the 2024/25 rainy season – ZRA
THE Zambezi River Authority (ZRA) says weather experts have indicated that the country is at the tail end of the El Niño cycle, which is associated with poor rainfall. Speaking on Diamond TV’s “Diamond Breakfast... […]
28 May 2024
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Philip Chisalu
Eurobond holders vote in favour of Zambia’s proposed restructuring deal
SECRETARY to the Treasury Felix Nkulukusa has disclosed that Eurobond holders have voted in favour of Zambia’s proposed restructuring deal before the actual consent deadline. And Finance Minister Situmbeko Musokotwane says the finalisation of debt... […]
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