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Business
Be creative, it’s not time to use old tactics to revive economy – Magande
FORMER Finance Minister Ng’andu Magande says with the challenges brought about by the COVID-19 pandemic, governments need thinkers who imagine beyond their lifetimes in order to keep economies thriving. And Magande says government should focus […]
NWWSSC paid K720,139 long service allowances to bosses who weren’t entitled, reveals audit
THE Auditor General has revealed that over K700,000 was irregularly paid to the North Western Water Supply and Sewerage Company Limited (NWWSSC) managing director and director finance as long service allowance. And the Auditor General […]
Debt servicing, emoluments gobbled 73.5% of budget in Q1 – PMRC
THE Policy Monitoring and Research Centre (PMRC) says the 2020 national budget performed more favourably in the first quarter of the year than expected as domestic financing, grants and revenues were above target by less […]
PACRA diverted K14m meant for office block to personal emoluments – AG
THE Auditor General’s Report has revealed that the Patents and Companies Registration Agency (PACRA) spent over K14 million, which was originally meant for construction of an office block, on personal emoluments. And the Report says […]
BoZ launches K2.67bn COVID-19 bond
THE Bank of Zambia (BoZ) is inviting applications for the issue of a COVID-19 bond worth K2.67 billion, whose proceeds are earmarked to be utilized in mitigating the negative impact of the pandemic on economic […]
Commercial lenders unlikely to cancel debt, insists Saasa
GOVERNMENT must consider restructuring Zambia’s huge debt stock and reduce its appetite for excessive borrowing because commercial lenders do not usually cancel debt, says economist Professor Oliver Saasa. Commenting on President Edgar Lungu’s request to […]
Jiangxi sells shares in FQM
JIANGXI Copper has sold 1.2 million of its shares in First Quantum Minerals Limited (FQML), less than one year after buying them, because of a reportedly acrimonious relationship with the Canadian miner. According to Mining.com, […]
Zamtel incurred losses of K4bn in 2018, reveals Auditor General
ZAMTEL incurred losses of over K4 billion during the financial year ending December 31, 2018, due to excessively high distribution and administration costs compared to low revenues generated during the same period, says the latest […]
CSPR fears poverty reduction projects will slow as budget deficit widens
THE Civil Society for Poverty Reduction (CSPR) has called on government to create a sinking fund specifically meant for poverty reduction programmes to cushion vulnerable Zambians’ hardships. In an interview, CSPR programmes manager Chimuka Nachibinga […]
LWSSC wasted K13m on faulty meters – AG
GOVERNMENT institutions were owing Lusaka Water Sewerage and Sanitation Company (LWSSC) over K133 million in unpaid water bills as at end of 2018, according to the Auditor General’s report on the accounts of water and […]
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