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Business
7 Jan 2021
|
Stuart Lisulo
Splitting KCM is legal, insists Milingo
KONKOLA Copper Mines (KCM) Provisional Liquidator Milingo Lungu has insisted that his decision to split the mining company is legal and within his powers. Last week, KCM acting chief executive officer Enock Mponda announced that […]
6 Jan 2021
|
Stuart Lisulo
XTL acquires 72% stake in Madison Finance Services
LAWRENCE Sikutwa & Associates Limited (LSA) and ZFI Holdings Limited (ZFI), the two largest shareholders in Madison Financial Services (MFS), have separately executed Share Purchase Agreements (SPAs) with XYLEM Trading (Pty) Limited (XTL), relinquishing their […]
6 Jan 2021
|
Stuart Lisulo
BoZ starts gold accumulation in quest to bolster reserves
THE Bank of Zambia (BoZ) has commenced accumulation of gold as part of the official international reserves assets following the purchase of 47 kilogrammes of Dore gold from Zambia Gold Company Limited. In a statement, […]
5 Jan 2021
|
Natasha Sakala
CEC hopes copper price surge will trigger increased electricity demand
COPPERBELT Energy Corporation (CEC) chief executive officer Owen Silavwe says the rise in the copper prices and rolling back of the COVID-19 pandemic provides an opportunity for an improvement in the mining business environment, which […]
4 Jan 2021
|
Abraham Kalito
We’re systematically ending load shedding – Zesco
ZESCO corporate affairs manager Dr John Kunda says the utility company is systematically ending load shedding by reducing the hours of power rationing. In July last year, the utility company announced that it would completely […]
1 Jan 2021
|
Abraham Kalito
Reduced fiscal space slowed project implementation in 2020 – Chiteme
NATIONAL Development Planning Minister Alexander Chiteme says a number of projects around Zambia have experienced slower implementation due to low funding caused by reduced fiscal space. Speaking during the end of year press briefing in […]
1 Jan 2021
|
Stuart Lisulo
Inflation closes 2020 at 19.2%
THE annual rate of inflation has again increased to 19.2 per cent in December, up from 17.4 per cent recorded in November, mainly induced by huge price increases in food items, the highest on record […]
31 Dec 2020
|
Abraham Kalito
Without action, ERP won’t stop Kwacha depreciation – Hamaundu
Financial analyst Mambo Hamaundu says as long as commitment toward implementation of the Economic Recovery Plan (ERP), there is very little that can be done to strengthen the Kwacha against the major convertibles. In an […]
31 Dec 2020
|
Abraham Kalito
Cost of Service Study has stalled due to COVID-19, says ERB
ENERGY Regulation Board (ERB) director general Langiwe Lungu says progress on the Cost of Service Study has stalled due to COVID-19, with the appointed consultant having completed only three tasks out of the required 12. […]
30 Dec 2020
|
Abraham Kalito
ZICTA awards Airtel 20 MHz frequency at $12.5m to boost its 5G roll out
ZICTA has awarded Airtel Networks Zambia Limited a 20 MHz radio spectrum in the 800 MHz frequency band at a cost of US $12.5 million in a move set to boost the telecommunications company’s 5G […]
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