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Business
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 […]
Parley Committee wonders why govt has no fuel procurement schedule for 2018-2019
MBABALA UPND Member of Parliament Ephraim Belemu says it is unacceptable that the Ministry of Energy has not included information pertaining to the petroleum products procurement schedule in the annual plans for 2018 and 2019. […]
BoZ explains intervention efforts to stabilise kwacha
THE kwacha’s recent appreciation against major currency convertibles has come in the wake of excess dollar supply, compounded with drastically reduced demand for imports, says the Bank of Zambia (BoZ). According to financial market players, […]
Govt working towards declaring Zesco infrastructure as common carrier – Energy PS
THE Ministry of Energy says it is working on how best it can declare all electricity infrastructure in Zambia as common carrier after concerns were raised over the issuance of Statutory Instrument No. 57 which […]
Zesco applied to Nkhuwa to declare CEC’s assets common carrier, reveals Mwila
ZESCO Limited has disclosed that it made an application to Energy Minister Mathew Nkhuwa to have Copperbelt Energy Corporation (CEC) Plc’s infrastructure declared common carrier because they were avoiding being blocked from supplying Konkola Copper […]
Nkhuwa contradicted himself on SI 57 – Kitwe Chamber
ENERGY Minister Mathew Nkhuwa contradicted himself when he said that all electricity transmission and distribution infrastructure in the country is Common Carrier after issuing Statutory Instrument Number 57 (SI 57) because he specifically targeted CEC, […]
China pledges to cancel interest on Zambia’s debt
CHINESE Ambassador to Zambia Li Jie says China will consider cancelling interest on Zambia’s debt to that country maturing by the end of 2020 as a way of cushioning the impact of Covid-19 on the […]
It’s concerning for KCC to send bailiffs over disputed debt that’s in court – Mopani
MOPANI Copper Mines Plc says the move by Kitwe City Council (KCC) to send bailiffs to pounce on the company over a disputed debt which is active in court is concerning. And union sources have […]
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