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Business
18 Feb 2021
|
Natasha Sakala
Zambia’s reserves drop to $1.2bn, reveals BoZ
BANK of Zambia (BoZ) governor Christopher Mvunga says Zambia’s international gross reserves have plummeted to an unprecedented US$1.2 billion by the end of last year, representing 2.4 months of import cover, from US $1.3 billion […]
17 Feb 2021
|
Natasha Sakala
Zambia now in a great position to seal IMF deal if govt commits to debt sustainability – Kanyama
ECONOMIST Chibamba Kanyama says government should show a tangible course of action towards attaining debt sustainability during the ongoing International Monetary Fund (IMF) talks because this will determine the country’s success of securing the long-awaited […]
15 Feb 2021
|
Natasha Sakala
ZNFU calls for more food import restrictions
THE Zambia National Farmers Union (ZNFU) has called on government to intensify protection of local produce by restricting food imports to only what cannot be grown within. In an interview, ZNFU media and public relations […]
12 Feb 2021
|
Ulande Nkomesha
Govt withdraws ZRA Amendment Bill
FINANCE Minister Dr Bwalya Ng’andu has withdrawn the Zambia Revenue Authority (ZRA) Amendment Bill, which was at Second Reading stage, to allow for further consultation on the proposed piece of legislation. Speaking in Parliament, Wednesday, […]
12 Feb 2021
|
Stuart Lisulo
Cost of living hits K8,400 per month
THE cost of living for a family of five has skyrocketed to nearly K8,400 in January, 2021, a new all-time high, mainly triggered by high inflation, says the Jesuit Centre for Theological Reflection (JCTR). In […]
10 Feb 2021
|
Ulande Nkomesha
Govt restricts importation of onion, table potatoes
Government has set a restriction on the importation of onion and table potatoes into the country. In a letter addressed to Zambia Revenue Authority (ZRA) Commissioner General Kingsley Chanda by Ministry of Agriculture Permanent Secretary […]
10 Feb 2021
|
Abraham Kalito
ZCCM-IH’s Mopani takeover won’t stem kwacha freefall – BAZ
ZCCM-IH’s takeover of Mopani Copper Mines will not have any meaningful benefit on strengthening the kwacha because the anticipated injection of foreign currency will still be targeted towards settling statutory liabilities, says the Bankers’ Association […]
9 Feb 2021
|
Julia Malunga
Kafwaya explains Zampost’s challenges
TRANSPORT and Communications Minister Mutotwe Kafwaya says some of the challenges which the Zambia Postal Services Corporation (Zampost) is facing include inadequate working capital and accumulated long term liabilities. Kafwaya was responding to a question […]
8 Feb 2021
|
Julia Malunga
$56m Eurobond default will make debt restructuring difficult for Zambia – CTPD
THE CENTRE for Trade Policy and Development (CTPD) says failure by the government to honour another coupon payment of US$56.1 million due under one of the Eurobonds raises concerns. In a statement, Sunday, CTPD senior […]
8 Feb 2021
|
Natasha Sakala
SAWR happy with Kansanshi successful negotiations with unions
THE Southern Africa Resource Watch (SARW) has commended Kansanshi Mining Plc for reviewing its conditions of service for workers and allowing successful negotiations with trade unions. According to a statement, SARW, in an earlier report, […]
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