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Business
11 Mar 2021
|
Abraham Kalito
Non-Disclosure Agreement in Chinese loans jeopadising IMF deal for Zambia – Nkhoma
Economist Noel Nkhoma says the discussion between the International Monetary Fund and government have been jeopardised because of the non-disclosure agreement in the Chinese loans. In an interview, Tuesday, Nkhoma said Zambia risks losing out […]
10 Mar 2021
|
Natasha Sakala
Life expectancy in Zambia has increased from 49 years to 63.9 years – Report
ZAMBIA has recorded a 38.7 percent human development index value from 0.421 to 0.584 between 1990 and 2019, the 2020 Human development Report has revealed. The report, done by the United Nations Development Program (UNDP), […]
9 Mar 2021
|
Abraham Kalito
IMF must yield to govt’s demands for bailout package, pleads ZACCI
THE International Monetary Fund should relax the criteria it uses to lend financial resources and instead yield favourable terms and conditions for Zambia to qualify for a bailout package because the country is in an […]
9 Mar 2021
|
Natasha Sakala
Increased BoZ lending to govt shows more money has been printed – Economist
ECONOMIST Caesar Cheelo says the Bank of Zambia’s (BoZ) increased lending to government is tantamount to the printing of more money that has been reflected in the increased amount of cash in circulation. The central […]
8 Mar 2021
|
Diggers Reporter
Absa mourns, as executive director, Matlare, dies of Covid-19
ABSA Group Limited has announced the passing of its executive director and deputy chief executive Peter Matlare, who succumbed to COVID-19-related complications. In a statement, Monday, Absa stated that the seasoned corporate executive, who was […]
8 Mar 2021
|
Stuart Lisulo
Mopani, KCM takeover won’t increase copper productivity – Musokotwane
GOVERNMENT’s takeover of Mopani Copper Mines and Konkola Copper Mines will not increase the mining companies’ copper productivity because the move is politically-motivated and will deter the much-needed fresh capital to expand operations, says UPND […]
8 Mar 2021
|
Stuart Lisulo
KCM’s electricity bill to CEC increases to $155m
KONKOLA Copper Mines Plc (KCM) now owes Copperbelt Energy Corporation (CEC) an outstanding US $155 million electricity bill, up from around US $150 million by the end of September last year. According to a market […]
7 Mar 2021
|
Natasha Sakala
Zambia’s bailout package still on hold, as talks with IMF continue
THE International Monetary Fund says Zambia has made significant progress on addressing its macroeconomic challenges, but discussions on the country’s economic bailout package are expected to continue. And Finance Minister Dr Bwalya Ng’andu has reiterated […]
4 Mar 2021
|
Natasha Sakala
Kwacha will hit K22.50 per dollar by June 30 – Report
THE kwacha is expected to trade at around K22.50 per dollar by the end of the half-year period, mainly in response to continued strong demand for foreign currency, compounded by weak supply. According to a […]
3 Mar 2021
|
Abraham Kalito
ZACCI urges govt to launch own satelite
Zambia Chamber of Commerce and Industry (ZACCI) president Chabuka Kawesha has challenged government to utilise space coordinates awarded to the country and consider space satellite launch. Commenting on ZICTA’s decision to award Beeline a license […]
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