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1 Dec 2020
|
Natasha Sakala
Debt crisis, low MPR will fuel high inflation – Kanyama
ECONOMIST Chibamba Kanyama says keeping the Monetary Policy Rate (MPR) at eight per cent, coupled with the country’s debt position, will push the annual rate of inflation higher and keep the kwacha weak. In an […]
30 Nov 2020
|
Stuart Lisulo
Zambia to remain Africa’s second top copper producer after DRC – Chamber
ZAMBIA’S copper production is likely to remain below one million metric tonnes for at least another three years given the persistent challenges mining companies still face, says the Zambia Chamber of Mines. Last week, Mines […]
30 Nov 2020
|
Stuart Lisulo
Nkhuwa to announce SI 57 review findings by year-end
ENERGY Minister Mathew Nkhuwa is expected to announce an official position on Statutory Instrument No. 57 of 2020, which declared the Copperbelt Energy Corporation’s (CEC) infrastructure as common carrier by the end of this year, […]
27 Nov 2020
|
Stuart Lisulo
Inflation spikes to 17.4%
THE annual rate of inflation has increased to 17.4 per cent in November, up from 16 per cent recorded in October, mainly induced by huge price increases in food and non-food items, the highest on […]
25 Nov 2020
|
Ulande Nkomesha
Govt shouldn’t allow Vedanta to take control of KCM – MUZ
MINES Union of Zambia (MUZ) president Joseph Chewe says government should not allow Vedanta Resources to take control of Konkola Copper Mines. Last week the Court of Appeal reversed the decision of the Lusaka High […]
22 Nov 2020
|
Ulande Nkomesha
Govt questions StanChart’s move to shut 8 branches
STANDARD Chartered Bank Zambia Limited has announced the closure of eight branches across the country in a move designed to fully maximise its digital platforms. But Finance Minister Dr Bwalya Ng’andu says the Bank of […]
20 Nov 2020
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Stuart Lisulo
CEC projects lower DRC sales volume in 2020
THE Copperbelt Energy Corporation Plc (CEC) says its sales volumes in the Democratic Republic of Congo (DRC) this year should not be expected to hit more than the 25 per cent growth it achieved last […]
20 Nov 2020
|
Abraham Kalito
Kanyama calls for ‘solidarity tax’ to help govt solve debt crisis
ECONOMIST Chibamba Kanyama says the only feasible option to stop Zambia’s debt situation from deteriorating further is for Zambians to come on board and offer support through a “solidarity tax”. And Kanyama says Eurobond holders […]
20 Nov 2020
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Stuart Lisulo
2020 a dark year for business – Kitwe Chamber
THE Kitwe Chamber of Commerce has described 2020 as a dark year where government has constantly interfered with local businesses, leading to disruption and heightened uncertainty. And the Chamber has predicted that government will increase […]
19 Nov 2020
|
Natasha Sakala
BoZ won’t print money for 2021 polls – Mvunga
BANK of Zambia Governor Christopher Mvunga says the central bank will not print out money for next year’s general election because elections do not warrant the criteria for printing additional currency. And Mvunga has dispelled […]
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