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Business
Bonanza Resort set for Oct 23 grand opening
BONANZA Resort general manager Adrian Penny says the resort is targeting to raise standards in Zambia’s tourism and hospitality industry by offering world-class facilities, which will reposition the country to being the preferred international destination […]
Zambian Breweries posts K15.5m losses in 6 months
ZAMBIAN Breweries Plc has posted huge losses of nearly K15.5 million in its half-year period ending June 30, 2020, mainly triggered by the kwacha’s rapid depreciation against major currency convertibles, which increased the company’s debt […]
Govt take-over of Mopani will revive mine operations – MUZ
THE Mine Workers’ Union of Zambia (MUZ) says government’s intention to buy 90 per cent shares in Mopani Copper Mines from Glencore will redeem the mine’s operations. In an interview, MUZ president Joseph Chewe hailed […]
Kwacha yet to reach worst levels – Musokotwane
FORMER finance minister Dr Situmbeko Musokotwane says Zambians should brace themselves for harsher economic times as the local currency is expected to depreciate further against other convertibles. And Dr Musokotwane says the 2021 National Budget […]
Address soaring cost of living in 2021 budget, JCTR urges govt
THE Jesuit Centre for Theological Reflection (JCTR) has called on the Ministry of Finance to ensure a pro-poor budget for 2021 is implemented to address the skyrocketing cost of living in Zambia And JCTR says […]
BoZ disbursements from Medium-Term Facility rise to K1.7bn
THE Bank of Zambia (BoZ) has so far disbursed nearly K1.75 billion out of the K10 billion Medium-Term Refinancing Facility, with Atlas Mara Bank receiving the highest amount of any financial institution of K533 million. […]
Ng’andu to unveil 2021 budget on September 25
FINANCE Minister Dr Bwalya Ng’andu is expected to deliver the 2021 national budget on September 25, 2020, following the just-ended budgetary consultative process. This is according to a statement issued by Ministry of Finance spokesperson […]
ZICTA fines all 3 mobile networks K5.4m for poor service
ZICTA has fined all three mobile network operators with K5.4 million for failure to provide quality service to its subscribers, with Airtel being the worst culprit and slapped with the highest fine of K4.8 million. […]
Govt can’t afford to buy Mopani – Milupi
GOVERNMENT’S intention to acquire 90 per cent shares in Mopani is a recipe for disaster because the mine will eventually go down the drain, says Alliance for Democracy and Development (ADD) president Charles Milupi. And […]
We’re still reviewing Zesco’s infrastructure, which could be considered common carrier – Ministry
THE Ministry of Energy says it is still reviewing all of Zesco Limited’s transmission infrastructure, which could be considered common carrier in line with the Statutory Instrument (SI) Number 57 of 2020. And the Ministry […]
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