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Business
It’s Covid bond that’ll help infrastructure projects not donations, explains Mwale
HOUSING and Infrastructure Development Minister Vincent Mwale says the K8 billion Covid-19 bond is a special fund established to help stimulate the economy, including infrastructure project, and should not be understood as money raised from […]
Zambia lacks transparency in debt reporting, reveals World Bank
THE World Bank Assessment Report on Debt Transparency among International Development Associations (IDA) countries has exposed Zambia’s lack of transparency on debt reporting. The Assessment Report on the availability, completeness and timeliness of public debt […]
Zambia has requested support under G20 Debt Service Standstill Initiative – IMF
THE International Monetary Fund (IMF) has announced that Zambia has requested support under the G20 Debt Service Standstill Initiative in a bid to help provide temporary fiscal space this year. This comes after the conclusion […]
FRA won’t hit 1m tonne target with K110 maize price – CTPD
THE Centre for Trade Policy and Development has urged the Food Reserve Agency (FRA) to increase their maize purchase price if they hope to reach the one million metric tonnes maize target. In a statement, […]
4% of Zambian enterprises shut down due to COVID-19 – Report
THE Business Survey Report on the impact of COVID-19 on Zambian enterprises has revealed that 38 per cent of businesses in the country had their revenues reduce by 50 per cent due to the pandemic, […]
Debt relief schemes could lead to credit rating downgrades, warns Absa CEO
ABSA Group Limited chief executive officer Daniel Mminele has warned African countries to be wary of participation in debt relief schemes as this could lead to them being downgraded and restrict their participation in the […]
Budget deficit grows to K17.2bn
MINISTER of Finance Dr Bwalya Ng’andu has announced an increase in the country’s budget deficit to K17.2 billion from K14.8 billion announced in April. And Dr Ng’andu says K6.8 billion has so far been raised […]
Japan grants Zambia $24m for upgrading of health centres
JAPAN has signed a grant of US$24 million to Zambia for the upgrading of health centers in Mushili in Ndola and Chamboli in Kitwe to district hospital level. This is the third phase of the […]
We’ll create 125,000 jobs between 2020-2021 – CEEC
CITIZENS Economic Empowerment Commission (CEEC) Director General Likando Mukumbuta says the institution has moved its loan recovery rate to 65 per cent from 21 percent in 2013, signifying improved and timely repayment among entrepreneurs. And […]
Zambia’s economy to contract by four percent this year – Ng’andu
FINANCE Minister Dr Bwalya Ng’andu says the country’s economy is expected to contract by as much as four percent this year. And Dr Ng’andu says government is engaging the World Bank and the African Development […]
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