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Business
10 May 2022
|
Zondiwe Mbewe
We’ve agreed with Vedanta to end court case, as part of resolving KCM issue – HH
BLOOMBERG has reported that Zambia has agreed to end legal action against billionaire Anil Agarwal’s Vedanta Resources Ltd. as President Hakainde Hichilema seeks to revive mining output in the country. According to Bloomberg, President Hichilema... […]
9 May 2022
|
Ulande Nkomesha
Vedanta promises ‘good behaviour’ if govt gives it back KCM
VEDANTA Resources has written a letter to Minister of Mines Paul Kabuswe, promising various progressive changes, in a bid to reclaim the mine. In a letter dated May 5, 2022 Vedanta Resources chief executive officer […]
9 May 2022
|
Philip Chisalu
Zambia, Congo electric battery deal will create over 1,000 direct jobs – Mulenga
MINISTER of Commerce, Trade and Industry Chipoka Mulenga says the electric battery manufacturing venture between Zambia and Congo DR will create about 1,000 direct jobs and about 2,000 indirect jobs. And Mulenga says government is […]
9 May 2022
|
Philip Chisalu
World Bank has committed $564m, but they’ll make full payment once IMF programme is in place – Musokotwane
GOVERNMENT says the World Bank has committed a total of $564 million concessional financing to Zambia, part of which will come now and the rest on condition that the country gets the IMF programme. And […]
6 May 2022
|
Philip Chisalu
With IMF, the days of the kwacha moving up and down like water waves will be history – Musokotwane
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the IMF programme which is likely to materialise in June will ensure stability in the exchange rate. And Dr Musokotwane says integrating environmental responsibility into business […]
6 May 2022
|
Philip Chisalu
Proposed NAPSA reforms on partial pension withdrawals may create problems if not backed by financial literacy – BAZ
BANKERS Association of Zambia chief executive officer Leonard Mwanza says there is need for enhanced financial literacy as the nation contemplates partial pension withdrawals, arguing that beneficiaries should be educated on the consequences of doing […]
6 May 2022
|
Ulande Nkomesha
KK Conference Centre is 95% complete – Milupi
INFRASTRUCTURE, Housing and Urban Development Minister, Charles Milupi says works at Kenneth Kaunda International Conference Centre in Lusaka are 95 per cent done. Speaking after touring the facility, Thursday, Milupi said the facility was expected […]
5 May 2022
|
Chamuka Shalubala
We’re not increasing fuel prices anymore – SMEs Minister
MINISTER of Small and Medium Enterprises Development Elias Mubanga says the government is not increasing fuel pump prices anymore. In an interview, Wednesday, Mubanga said Small and Medium Enterprises (SMEs) in the country were not […]
5 May 2022
|
Philip Chisalu
PSMFC, Zesco sign 5-year loan scheme MoU
THE Public Service Micro Finance Company (PSMFC) and Zesco Limited have signed a five-year Memorandum of Understanding that will enable all Zesco staff to access PSMFC loan schemes. PSMFC chief executive officer Mubanga Mwiko says […]
4 May 2022
|
Philip Chisalu
Commodity prices will only drop once businesses see stable exchange rate – Hambayi
ECONOMIST Trevor Hambayi says the country cannot maintain stability of the exchange rate without a clear roadmap on dismantling debt. And Hambayi says despite the local currency recording some gains in the recent past, the […]
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