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Business
16 May 2024
|
Philip Chisalu
BoZ raises MPR to 13.5% as economic activity reduces in Q1
THE Bank of Zambia (BOZ) has raised the Monetary Policy Rate (MPR) by 100 basis points to 13.5 percent from 12.5 percent. And BOZ Governor Dr Denny Kalyalya has attributed gains in the local currency... […]
15 May 2024
|
Philip Chisalu
Govt must examine why windfall tax failed, reintroduce it – ZiCA
ZICA president Yande Mwenye has proposed that government re-introduces the windfall tax as it prepares for debt repayment. But Finance and National Planning Minister Situmbeko Musokotwane has insisted that windfall tax exists in the current... […]
15 May 2024
|
Mazombwe Banda
There’s no discrimination in load shedding; I’ve experienced 12-hour outages – Zesco board chair
ZESCO Board Chairperson Vickson N’cube says no one is being discriminated in terms of the load shedding schedule, revealing that he also experiences outages lasting up to 12 hours sometimes. A Parish Priest at St... […]
15 May 2024
|
Philip Chisalu
Court issues have stressed Lungu, he’s trying to divert attention – Musokotwane
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says former president Edgar Lungu is stressed because most of his family members are in court answering for unexplained wealth and as such, he is looking at... […]
14 May 2024
|
Philip Chisalu
Kwacha rebounds again, closes at K25
THE Kwacha yesterday registered significant gains against major convertible currencies, with the buying rate closing at K25.5967 and the selling rate at K25.6467 against the US dollar, according to the Bank of Zambia (BOZ) market... […]
14 May 2024
|
Precious Daka
We’re in dialogue with govt to channel forfeited $24m back to KCM – Vedanta
VEDANTA Resources says its team is in dialogue with government to channel back the $24 million forfeited to the state from former provisional liquidator Milingo Lungu to KCM. According to a statement issued by Vedanta’s... […]
13 May 2024
|
Precious Daka
We’re becoming very poor – Nkulukusa
SECRETARY to the Treasury Felix Nkulukusa says the Zambia Statistics Agency (ZAMSTATS) 2022 poverty assessments report which revealed that poverty levels had increased from 54.4 per cent to 60 per cent is an indication that... […]
13 May 2024
|
Mwiche Nalwimba
Musokotwane will present realigned budget in next Parley session – MoF
THE Ministry of Finance and National Planning Treasury has revealed that it released K15.2 billion to finance public service delivery in the month of April 2024. According to a statement issued by the Ministry, Sunday,... […]
11 May 2024
|
Ulande Nkomesha
IMF projects slower economic growth for Zambia
THE International Monetary Fund (IMF) has projected Zambia’s economic growth rate at 2.3 percent in 2024 due to continued inflation pressures, and the depreciation of the Kwacha. And the Ministry of Finance and National Planning... […]
11 May 2024
|
Precious Daka
Chikwanda advises motorists to use public transport to save on costs
ENERGY Expert Johnstone Chikwanda has advised citizens to be energy efficient and reduce unnecessary movements amid increased fuel prices. He adds that motorists should consider using public transport for long-distance travel to save on costs.... […]
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