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Business
Chibuluma to go on care and maintenance
METOREX Limited a company running Chibuluma Copper Mines has informed government of its intentions to place its operations on care and maintenance. Mines Minister Richard Musukwa confirmed this in Kitwe, but said Government would not […]
Nakonde border closure won’t affect fuel imports – Transporters
PETROLEUM Transporters Association of Zambia (PTAZ) general secretary Benson Tembo says the partial closure of Nakonde border will not affect transportation of petroleum into the country. In an interview, Tembo said the closure would not […]
We won’t allow KCM to flood, the mine needs help – Govt
MINISTRY of Mines permanent secretary Barnaby Mulenga says the liquidation of Konkola Copper Mines (KCM) needs to be expedited so that the company can start making profits than having huge liabilities it is currently sitting […]
Zambeef, Chisamba Ranching sign K7.8m cattle supply contract
ZAMBEEF Products Plc says it has signed an agreement with Chisamba Ranching and Cropping Limited, a company its former joint-chief executive officer Francis Grogan holds a 50 per cent shareholding, to supply the former approximately […]
Gold company starts processing project in Rufunsa
PHASE one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa District has commenced, which will see the establishment of 10 milling plants to produce an average of 7.5Kg of gold per […]
Banks will still demand collateral from borrowers of K10bn BoZ SME bailout – BAZ
COMMERCIAL banks have not been given risk-free financing from the Bank of Zambia’s K10 billion Medium-term Loan Facility, hence the need for them to still demand collateral from prospective borrowers, says the Bankers’ Association of […]
2020 budget needs to be scrapped, re-done – Mutati
FORMER Finance Minister Felix Mutati says the entire 2020 budget needs to be re-worked to provide clarity to the nation regrading what is achievable this year given the huge expected government revenue shortfall amid COVID-19. […]
Conduct village banking via Mobile Money to stop COVID-19 spread – FSDZ
FINANCIAL Sector Deepening Zambia Limited (FSD Zambia) has advised savings groups to consider holding digitized meetings where members send savings, loans and social funds through Mobile Money platforms or other virtual means to avoid spreading […]
Mines in a desperate situation – Chamber
MINING companies operating in Zambia have increasingly become more desperate because they lack a robust stimulus package to continue functioning sustainably in the country’s deteriorating economy, the Chamber of Mines has warned. And the Chamber […]
We have to unlock certain sectors of the economy – Lungu
PRESIDENT Edgar Lungu says he will engage Minister of Health Dr Chitalu Chilufya to begin unlocking some sectors of the economy, even if it means the continued wearing of face masks, as the country continues […]
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