Business

27 Dec 2022 | Chamuka Shalubala

We’ve not written off any loans, we’re restructuring our balance sheet – DBZ

DEVELOPMENT Bank of Zambia (DBZ) Board Chairperson Noel Nkoma has refuted media reports that the bank is writing off loans issued to some politically exposed persons. And Nkhoma says recovery of loans is not as...

27 Dec 2022 | Esther Chisola

Cotton farmers call on gov’t to include them on FISP program

SENIOR Inspector at Cotton Board of Zambia says government should consider including cotton farming on the Farmers Input Support Program-FISP. In an interview, Nyambe kwalombota said cotton farming has the potential to alleviate poverty in...

27 Dec 2022 | Esther Chisola

We need to expand Kafue steel so that it meets demand, exports excess – Minister

GOVERNMENT says it remains committed to expanding the production of Kafue steel to enable the plant produce enough material for local demand as well as for exportation. Government says local steel production fits well into...

26 Dec 2022 | Chamuka Shalubala

Build more markets before thinking about law to punish street vendors, ZACA tells govt

ZAMBIA Consumer Association (ZACA) Executive Secretary Juba Sakala says government should build more markets before it can think about introducing a law to punish those who sell and buy from the streets. Vice-President Mutale Nalumango...

23 Dec 2022 | Chamuka Shalubala

We need a law to punish those who sell, buy from streets – VEEP

VICE-PRESIDENT Mutale Nalumango says the rehabilitated City Market will accommodate about 4,000 traders. And Vice-President Nalumango says the country needs a law aimed at punishing those who buy and sell from the streets instead of...

22 Dec 2022 | Angela Muchinshi

Don’t blink, ICT sector is merciless, Mutati tells Beeline

MINISTER of Technology and Science Felix Mutati says Christmas has come early in Zambia with the launch of a fourth mobile operator Beeline Telecom. Beeline Telecom will be trading as Zed Mobile. Speaking during the...

22 Dec 2022 | Chamuka Shalubala

US govt has a number of programmes that will see Africa prosper – Fernandez

US Under Secretary of State for Economic Growth, Energy, and the Environment Jose Fernandez says his country plans to release at least US$55 billion in Africa over the next three years. Fernandez says his government...

22 Dec 2022 | Ulande Nkomesha

We would’ve been collecting more revenue if not for smuggling scams – ZRA

ZRA Board Chairperson Dr Caleb Fundanga says although the authority has been meeting its revenue collection targets, it would have been collecting more funds had it not been for the continued smuggling of goods. Dr...

22 Dec 2022 | Zondiwe Mbewe

World Bank releases $100m to Zambia

THE World Bank says it has released a US$100 million concessional credit towards Zambia’s macroeconomic stability, growth and competitiveness programme. The World Bank says despite protracted delays from official bilateral creditors to discuss and finalise...

20 Dec 2022 | Ulande Nkomesha

Hambayi advises against using artificial methods to stabilise exchange rate

ECONOMIST Trevor Hambayi says government should adopt long-term measures to stabilise the exchange rate as artificial methods do not guarantee GDP growth. Vice-President Mutale Nalumango recently confirmed in Parliament that the Bank of Zambia had...

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