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Business
I don’t think K1bn is enough to offset Investrust deposits- Hambayi
ECONOMIST Trevor Hambayi says the K1 billion government support to offset Investrust Bank PLC deposits doesn’t seem to be enough and he expected the state to offer more so that people could get their full... […]
Kabuswe tells Sangwa to challenge Mopani deal in court
MINES and Mineral Development Minister Paul Kabuswe has urged Constitutional Lawyer John Sangwa to challenge the legality of the transaction involved in selling Mopani in court. Speaking when he featured on the Conversation Podcast, Thursday,... […]
Audit on grants reveals that over K76m was abused, mismanaged in 182 schools
THE Ministry of Finance and National Planning has revealed that it recently conducted an internal audit on the utilisation of school grants in 182 schools, countrywide, which revealed elements of abuse. The ministry discloses that... […]
Invest in power generation, market is there, encourages HH
PRESIDENT Hakainde Hichilema has encouraged business people in the country to invest in power generation, saying there is a ready market for them in the energy sector. The President has also congratulated the Copperbelt Energy... […]
Investrust insolvency levels estimated at K850m by BoZ
BANK of Zambia (BOZ) Governor Dr Denny Kalyalya says the Central Bank estimates that at the point of takeover, the insolvency level of Investrust Bank PLC was in the order of K850 million. And BOZ... […]
Zesco must be restructured to make it efficient in diversifying energy sources – Sensio
FORMER Kasenengwa MP Sensio Banda says government must restructure Zesco to make it more efficient in diversifying its energy sources. And Banda says Zesco must work with the Citizens Economic Empowerment Commission (CEEC) to provide... […]
Increased SRR one of the reasons why Investrust failed – Mukosa
Chinsali PF MP Kalalwe Mukosa says one of the reasons why Investrust Bank PLC has failed is because of the “reckless” upward adjustments of the Statutory Reserve Ratio (SRR) by the Bank of Zambia (BOZ).... […]
I want to double our economy – HH
PRESIDENT Hakainde Hichilema says he detests the size of the Zambian economy aims to double it during his tenure in State House. And EU Ambassador to Zambia Karolina Stasiak has described Zambia as a strategic... […]
Increased SRR has negatively impacted individuals, businesses – ZiCA
THE Zambia Institute of Chartered Accountants (ZiCA) says the upward adjustment in the Statutory Reserve Ratio (SRR) by the Bank of Zambia has negatively impacted individuals and businesses. And ZiCA has expressed concern over the... […]
It’s better to have available power that is not cheap – Kapala
MINISTER of Energy Peter Kapala says it is better for the country to have available power that is not cheap. And Kapala says government is looking at the option of restructuring debt owed to Oil... […]
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