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Business
Zambia-DRC Luapula hydro power project to commence in 2027 – Govt
GOVERNMENT says it intends to jointly develop a hydro power station on the Luapula River with the government of the Democratic Republic of Congo, stretching from Mumbotuta Falls to Mambilima. Acting Energy Minister Charles Milupi... […]
It’s normal for Vedanta to look for other investors – Nkhoma
ECONOMIST Noel Nkhoma says it is normal for Vedanta and other businesses to look for investors elsewhere. Meanwhile, Nkhoma says Bank of Zambia interventions are helping the Kwacha to be resilient. Vedanta announced that it... […]
KCM refutes claims that workers have been sent on forced leave
KONKOLA Copper Mines (KCM) has refuted claims that it is sending workers on forced leave. An organisation called ‘Vedanta Must Return Community Campaign Movement’ based on the Copperbelt in Chingola and Chililabombwe had claimed that... […]
We intend to spend over K20m this year to fight vandalism – Zesco
ZESCO says it will this year spend over K20 million on new initiatives to fight vandalism. And Zesco Senior Corporate Affairs Manager Caristo Chitamfya has lamented that vandals are making the power company’s operations difficult.... […]
It’s normal for Vedanta to sell its shares to raise capital – Jito
SPECIAL Assistant to the President for Economic, Investment and Development Affairs Jito Kayumba says its normal for Vedanta Resources to sell some of its shares in its quest to raise capital. And Kayumba says Zambia has about... […]
Govt released K13.3 billion in January – MOF
GOVERNMENT says it released K13.3 billion in January 2024 to finance public service delivery, of which K2.6 billion was for transfers, subsidies and social benefits; K1.5 billion for implementation of various government programmes and general... […]
We need exchange control restrictions to stabilise Kwacha – Hambayi
ECONOMIST Trevor Hambayi says in order for the exchange rate to be stabilised, exchange control restrictions should be implemented. In an interview, Sunday, Hambayi said a lot of multinationals were externalising hard currency, which was... […]
We’re exploring ways to raise $1.3bn without losing our stake in KCM – Vedanta
VEDANTA Resources says it is exploring various options for the best corporate structure to raise the US$1.3 billion required to expand and modernise KCM without losing control of its stake in the asset. Recent reports... […]
There’s no basis for truck drivers to strike – Govt
LABOUR Commissioner Givens Muntengwa says there will be no basis for truck drivers to start a strike as the process to address their plight was underway. Truck drivers have announced their intention to go on an... […]
Govt isn’t mopping up unutilised CDF money – HamaunduÂ
MINISTRY of Local Government and Rural Development Permanent Secretary Maambo Hamaundu says the 2023 Constituency Development Funds (CDF) that were not utilised have not bent sent back to the central government. Hamaundu says standard procedure... […]
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