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26 Feb 2021
|
Stuart Lisulo
Inflation rises to 22.2%
THE annual rate of inflation has continued rising to hit 22.2 per cent in February, up from 21.5 per cent recorded last month, mainly induced by sustained price increases in food items, a near-five-year high, […]
24 Feb 2021
|
Stuart Lisulo
Zambia’s copper production soars to 882,061 tonnes
ZAMBIA has recorded a huge increase in its copper production for 2020 to over 882,000 metric tonnes from 796,432 tonnes recorded in 2019, mainly triggered by record-breaking output from First Quantum Minerals’ (FQM) subsidiary companies, […]
24 Feb 2021
|
Natasha Sakala
BoZ needs support from MoF to aid economic recovery – Saasa
THE Ministry of Finance must rise to the occasion and compliment the Bank of Zambia’s (BoZ) efforts in trying to stabilise and revive the economy because the central bank’s Monetary Policy tools have short-term effects, […]
23 Feb 2021
|
Stuart Lisulo
FQM profit jumps to $1.1bn
FIRST Quantum Minerals (FQM) Limited has posted an increased gross profit of over US $1.1 billion during its 2020 financial year ending December 31, mainly boosted by higher sales volumes of copper and gold. In... […]
23 Feb 2021
|
Natasha Sakala
Heavy flooding won’t affect 2021 crop harvest – ZNFU
ZNFU president Jervis Zimba says Zambia will remain food secure despite heavy floods being experienced in some parts of the country as the damage sustained on crop fields is not severe. In an interview, Zimba... […]
23 Feb 2021
|
Natasha Sakala
BoZ’s MPR hike will increase loan defaults – Nkhoma
ECONOMIST Noel Nkhoma says the Bank of Zambia’s (BoZ) decision to raise the Monetary Policy Rate (MPR) by 50 basis points will increase the Non-Performing Loans (NPL) ratio, a situation that will result in more... […]
23 Feb 2021
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Natasha Sakala
Clear bottlenecks with mines to address dwindling reserves, Mutati urges govt
GOVERNMENT must focus on clearing the bottlenecks around the mining sector if Zambia is to re-build its international gross reserves, says Movement for Democratic Change (MDC) leader Felix Mutati. And Mutati says it will be... […]
19 Feb 2021
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Natasha Sakala
Lending rates marginally decline to 25.1%
COMMERCIAL banks’ average lending rates on loan facilities marginally dropped by only 0.6 percentage points to 25.1 per cent by the end of last year, mainly in response to a sustained low Monetary Policy Rate […]
18 Feb 2021
|
Ulande Nkomesha
AMSC laments delays in enacting SI to promote local contractors, suppliers
THE Association of Mine Suppliers and Contractors (AMSC) says it is disappointed with the delay by the Ministry of Justice to sign a the statutory Instrument on local content which will prioritise Zambian suppliers and […]
18 Feb 2021
|
Ulande Nkomesha
Mining firms are paying more tax due to rise in copper prices – Musukwa
MINES and Minerals Development Minister Richard Musukwa says some mining companies in Zambia are already complaining of paying more taxes due to the mining fiscal regime sliding scale mechanism that has been moved by high […]
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