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Business
We’re excited with Kobold’s investments at Mingomba – Jito
GOVERNMENT has expressed excitement with Kobold Metals’ investment at Mingomba Mine, saying the firm exceeded its $150 million pledge by injecting $200 million in its exploration programme at the mine. Recently, Kobold Metals disclosed that... […]
Cost of living goes up, family of 5 in Lsk needs K9,555.53 per month
THE cost of living for a family of five in Lusaka for January has increased to K9,555.53 from the K9,157.41 recorded in December 2023, JCTR has disclosed. Furthermore, JCTR’s 2023 Satellite Home Survey (SHS) findings... […]
Be a bit patient, we’re working on reducing fuel prices – Kapala
ENERGY Minister Peter Kapala has called for patience among citizens as government works on measures to stabilise the fuel prices. Last week, the Energy Regulation Board (ERB) increased petrol prices for February from K29.98 to... […]
We’ve not sanctioned strike, clarifies Truck Drivers Association
THE SADC Truck Drivers Association of Zambia has clarified that it has not called for the infinite strike that drivers intend on starting on March 1st, 2024 to demand for broad interests, among other things.... […]
Mopani payment to suppliers, contractors will have huge impact – AMCS
THE Association of Mine Suppliers and Contractors (AMSC) says payment to contractors and suppliers at Mopani Copper Mines PLC will have a positive effect on the market and economy. Last month, Mopani disclosed that it... […]
Zambia has stable mining regime, HH tells Indaba
PRESIDENT Hakainde Hichilema has called on investors to invest in Zambia because it has a stable and predictable mining regime. Speaking when he made a virtual address at the 2024 Africa Mining Indaba, Monday, President... […]
I haven’t signed anything to guarantee sale of Lubambe – Kabuswe
MINES Minister Paul Kabuswe says government has not signed any consent agreement to guarantee the transfer of shareholding for Lubambe Mine. Recently, the National Union of Miners and Allied Workers (NUMAW) said it was working... […]
High cost of living overshadows any achievements, notes EAZ
THE CSO Debt Alliance says while it recognises the efforts and challenges surrounding the debt restructuring process, it is concerned about the delay to finalise the deal – especially with private creditors. And Economics Association... […]
Hiked fuel prices will affect transport sector growth – Mbewe
THE Public Passenger Transport Drivers Association in Zambia says the minimal upward adjustment in bus fares after the recent substantial increase in fuel pump prices will affect transport sector growth. In an interview, Sunday, Association... […]
BOZ’s decision to raise Statutory Reserve Ratio will trigger accelerated Kwacha depreciation – Hambayi
ECONOMIST Trevor Hambayi says the Bank of Zambia (BOZ)’s decision to raise the statutory reserve ratio on both local and foreign currency deposits by nine percentage points will cause an accelerated depreciation of the kwacha... […]
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