Former Barclays Bank Zambia Plc Managing Director Saviour Chibiya has been appointed as Regional Managing Director responsible for among other functions, the Corporate and Investment Banking business for markets in Africa outside South Africa. Chibiya who served as MD for over six years will be based at the Barclays Africa Group Ltd Head Office in...

The Energy Regulation Board has started receiving public submissions on the proposed 75 per cent electricity tariff increment by Zesco. In a statement today, ERB consumer and public affairs director Agness Phiri asked citizens to lodge their written submissions in line with the Public Consultation Paper which is available on the energy regulator’s website. “The...

The Zambia Bureau of Standards (ZABS) has confiscated expired drinks valued at K5,785 in Choma. In a statement, ZABS Head of Marketing and Public Relations Hazel Zulu warned traders to desist from selling products which did not conform to the set standards. “ZABS has served a product rejection notice to three shops in Choma, Southern...

MMD president Never Mumba says African natural resources must benefit Africans. In a speech he made at the ongoing Global Business Roundtable World Conference in Johannesburg, South Africa, Mumba said Africa needed to take charge of the management of its natural resources if it was to achieve prosperity. He also said African countries needed to...

Konkola Copper Mines (KCM), the country’s largest integrated copper producer has launched the first bio-diesel production project in Zambia. The project aims to cultivate elite Pongamia Pinnata trees for bio-diesel production at a mining waste site. At an event held in Chingola yesterday, Minister of Works and Supply Matthew Nkhuwa planted elite Pongamia trees on...

Action Aid International tax justice campaign Manager, Saviour Mwamba says supporting local trade for economic growth is one sure way of improving the lives of local people and boosting the economy. Speaking at the Centre for Trade Policy and Development (CTPD)-organised regional consultative workshop, Mwamba said much of the investments that had been brought to...

COMESA Business Council (CBC) Board Director Roseta Chabala says high taxation, unfriendly business practices and repetitive processes have stifled the private sector’s ability to flourish. Speaking at the ongoing CBC Zambia public-private dialogue in Lusaka yesterday, Chabala noted that there was need for increased private sector involvement in policy formulation. “The public sector has a...

Zambia Revenue Authority Director General Kingsley Chanda says the authority has exceeded its revenue collection target by K140 million in the first quarter. Speaking when he addressed the press in Livingstone yesterday on the sidelines of an Indaba on “Repositioning Zambian Capital Markets as an Enabler to Sustainable Economic Development", Chanda said ZRA was performing...

Energy Minister David Mabumba says citizens and businesses must accept the upward adjustment of Zesco tariffs because that is the only way the institution can continue to reliably supply electricity. Mabumba said cost-reflective tariffs would attract investment in the energy sector. “The reasons which Victor (Mundende – Zesco Managing Director) has given and I don’t...

Agriculture Minister Dora Siliya says the ban on importation of fruits and vegetables cannot be implemented because local farmers currently cannot satisfy consumers. Speaking when she officiated at the stakeholders’ consultative meeting on fruits, vegetables, and livestock sectors in Zambia yesterday, Siliya noted that her ministry received a request from ZNFU in December 2016 to...