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Business
ZRA seals off HITVIK trading area, seizes 3,830l of cooking oil
The Zambia Revenue Authority (ZRA) has seized 3,830 litres of Cooking Oil worth K999,708.54 which was smuggled into the country by HITVIK trading limited. ZRA corporate communications Manager Topsy Sikalinda stated that the authority has […]
PRESS RELEASE BY BICON ZAMBIA LIMITED ON THE STATUS OF THE COLUMN STRENGHENING WORKS TO THE OFFICE BLOCK ON SOCIETY BUSINESS PARK – 21ST OCTOBER 2020
This Press Release has been prepared by the Management of BICON Zambia Limited in order to provide the General Public and all the Stakeholders with the relevant background and information with respect to the ongoing […]
Fuel shortage hits C/belt as transporters strike
A SHORTAGE of fuel has hit some parts of the Copperbelt and North-Western provinces following truck drivers’ strike in protest over poor conditions of service. And the Energy Regulation Board (ERB) has revealed that the […]
ZICB targets lower interest rates on loans for SMEs
ZAMBIA Industrial Commercial Bank (ZICB) says it is currently trying to collaborate with other financial institutions as a means of making access to cheaper credit possible in view of the high lending rates obtaining on […]
IMF is Zambia’s only chance of avoiding debt default – Simumba
ECONOMIST Trevor Simumba says Zambia should swiftly reach an agreement in principle with the International Monetary Fund (IMF) on an economic programme to allay investors’ fears and avoid an imminent debt default. The Zambian government […]
Zambia’s external debt was $27.3bn in 2019, reveals World Bank
ZAMBIA’s total external debt stock has drastically increased to hit a total of US $27.3 billion as at end-December, 2019, mainly consisting of public and publicly-guaranteed debt of over US $11 billion, according to the […]
We’ll default on loans if lenders don’t agree to delayed payment – Treasury
SECRETARY to the Treasury Fredson Yamba says the country is unable to meet its scheduled debt obligations following failure to reach an agreement with Eurobond holders on the proposed six months delayed interest payment. In […]
Govt to repay China $854m in external debt servicing by end-2021
GOVERNMENT is due to pay a total of over US $854 million in external debt service repayments to various Chinese entities in 2020 and 2021 as part of its ongoing debt servicing commitments, according to […]
Reduced budgetary allocation towards nutrition reversing gains – CSO-SUN
CIVIL Society Scaling Up Nutrition (CSO-SUN) says government’s lack of commitment to allocate more resources towards enhancing nutrition will lead to a reversal of the gains that have been made. According to the presentation made […]
Declining budgetary allocation to education, health worries Panos
PANOS Institute Southern Africa (PSAf) has expressed concern over Zambia’s reduced budgetary allocation to the education, health and social protection sectors as proposed by Finance Minister Dr Bwalya Ng’andu in the proposed 2021 national budget. […]
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