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Business
6 Oct 2021
|
Julia Malunga
External debt stands at $14.48bn – Musokotwane
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the total government external debt as at June 2021, stood at US$14.48 billion. And Dr Musokotwane says the growth of external debt from less than $2 […]
5 Oct 2021
|
Julia Malunga
Zambia, IMF conclude consultative meetings
CONSULTATIVE talks between Zambia and the International Monetary Fund (IMF) have concluded. During the meetings, government set out its key policies and priorities for the 2022 National Budget and 2022-2024 Medium Term Expenditure Framework. This […]
5 Oct 2021
|
Julia Malunga
Govt will assess corporate governance structures at IDC – Anthony
SPECIAL Assistant to the President and Presidential Spokesperson Anthony Bwalya says government will not hesitate to review the performance of all public utility bodies, including management utilities, such as the Industrial Development Corporation (IDC). Responding […]
4 Oct 2021
|
Ulande Nkomesha
Zesco owes $797m to suppliers, made K4.9bn loss in 2019, reveals AG
THE Auditor General’s on the Accounts of Parastatal Bodies and other Statutory Institutions for the financial year ended 31st December 2019 has revealed that Zesco Limited owed local and cross border power suppliers in amounts […]
1 Oct 2021
|
Julia Malunga
5 ERB board members resign
FIVE Energy Regulation Board (ERB) board members have resigned, citing “concerns about how they are being required to conduct themselves”. In a letter dated September 29, 2021 addressed to the Energy Minister Peter Kapala, ERB […]
1 Oct 2021
|
Mwenya Mofya
Inflation decreases to 22.1%
ZAMBIA Statistics Agency (ZSA) data shows that the annual inflation rate for September 2021 decreased to 22.1 percent from 24.4 percent recorded in August 2021. Meanwhile, the monthly inflation rate for September was recorded at […]
21 Sep 2021
|
Chamuka Shalubala
We’ve not received any application for acquisition of any commercial bank – BOZ
THE Bank of Zambia says it’s not in receipt of any application for acquisition of any commercial bank. The Anti-Corruption Commission (ACC) recently revealed that it was investigating a former ward councilor of Lusaka for […]
20 Sep 2021
|
Ulande Nkomesha
FRA has new target of procuring 800,000 metric tonnes of maize – Phiri
AGRICULTURE Minister Reuben Phiri says the Food Reserve Agency (FRA) will procure an extra 300,000 metric tonnes of maize after exceeding its initial target of 500,000 metric tonnes for the 2021 marketing season. Responding to […]
13 Sep 2021
|
Natasha Sakala
Kanyama urges retirees to invest in bonds
ECONOMIST Chibamba Kanyama says the shifting of thresholds in the bond market is a good development, urging retirees to take advantage and make safe investments in the bond market. The Bank of Zambia recently announced […]
9 Sep 2021
|
Ulande Nkomesha
Changing currency should be last resort, it’s expensive – Hambayi
ECONOMIST Trevor Hambayi says government should consider giving an amnesty to those who stole, arguing that changing the currency to smoke them out can be an expensive venture and should therefore be a last resort. […]
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