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Business
Inflation increases by 0.1%
THE annual inflation for January 2024 has increased by 0.1 percent from the 13.1 percent recorded in December 2023 to 13.2 percent. And the Zambia Statistics Agency (ZamStats) has disclosed that the national average price... […]
Govt puts off unveiling of TAZAMA fuel tender winners, invites more bids
THE Ministry of Energy says it has extended to February 9, 2024, the closing date for submission of applications by Oil Marketing Companies interested in using the TAZAMA Pipeline . And Energy Minister Peter Kapala... […]
Meeting 2023 production guidance sets us for future expansion – Lumwana
BARRICK Lumwana Mine has disclosed that it met its 2023 production guidance, setting the tone for future expansion. And the mine says its Super Pit expansion project has been accelerated with first production now scheduled... […]
Govt hasn’t been subsidising fuel, we’ve just been cushioning cost of transportation – ERB
ENERGY Regulation Board (ERB) Chairperson Reynolds Bowa says government has not been subsidising fuel, but the authority has been using the Strategic Reserve Fund to support price stabilisation due to the sudden increase in the... […]
K30 to a dollar is just 2 weeks away – Haabazoka
ECONOMIST Lubinda Haabazoka says the Kwacha is just two weeks away from hitting the K30 against US$1 psychological barrier. And Dr Habaazoka says some businessmen have run away from transacting in Zambia because the economy... […]
Milupi explains govt’s plan for tackling 1.5m housing deficit
GOVERNMENT has disclosed that China Jiangsu will begin the process of shipping plant equipment for the prefabricated housing material factory to be set up in Zambia after February. Minister of Infrastructure, Housing Urban and Development... […]
2024 Q1 will remain quite challenging – CTPD
CENTRE for Trade Policy and Development (CTPD) Executive Director Isaac Mwaipopo says the first quarter of 2024 may remain quite challenging owing to the performance of the exchange rate. And Mwaipopo has observed that in... […]
We depleted fuel ‘subsidy’ fund in last 4 months, next price review will reflect this – ERB
THE Energy Regulation Board (ERB) Chairperson Reynolds Bowa says the Strategic Reserve Fund which they have been using to keep the fuel prices constant for the last four months has been depleted. In an interview,... […]
Lubambe’s move to sell 80% stake raises panic among suppliers
MINE Suppliers and Contractors Association president Coster Mwaba has appealed to government to urgently engage Lubambe Copper Mines’ management to ensure all suppliers and contractors are paid their dues. Mwaba says the mine owes suppliers... […]
Kwacha, inflation could have been worse without IMF intervention – Musokotwane
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the country’s inflation and Kwacha performance against major convertible currencies could have been worse without interventions from the IMF and World Bank. And Dr Musokotwane says... […]
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