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Business
18 Nov 2020
|
Natasha Sakala
BoZ’s Refinancing Facility can’t stimulate economic activity – Cheelo
ECONOMIST Caesar Cheelo has urged the Bank of Zambia (BoZ) to maintain the Monetary Policy Rate (MPR) at eight per cent as increasing it will tighten liquidity conditions in the financial market. And Cheelo says […]
17 Nov 2020
|
Abraham Kalito
Maintain MPR at 8%, CTPD urges BoZ
CENTRE for Trade Policy and Development (CTPD) says it expects the Bank of Zambia (BoZ) to maintain its Monetary Policy Rate (MPR) at eight per cent to continue stimulating economic growth. In a statement ahead […]
17 Nov 2020
|
Natasha Sakala
We can’t give Zambia debt relief without transparency – Bondholders
THE Zambian government’s lack of engagement and transparency does not provide for the conditions that would allow bondholders to consider providing near-term relief, says the Zambia External Bondholder Committee. And the Committee says there is […]
16 Nov 2020
|
Natasha Sakala
BoZ likely to increase policy rate – Kanyama
ECONOMIST Chibamba Kanyama says he expects the Central Bank to increase the monetary policy rate as it is the only way to stabilize inflation and the exchange rate. In an interview, Kanyama noted that the […]
16 Nov 2020
|
Natasha Sakala
Govt still in talks with bondholders on way forward after default – PS
FINANCE permanent secretary for budget and economic affairs Mukuli Chikuba says the ministry is in talks with the bondholders on the way forward following the country’s default on interest payment on Eurobonds. Finance Minister Dr […]
13 Nov 2020
|
Natasha Sakala
Bondholders reject govt’s debt repayment freeze, as Zambia defaults
ZAMBIA’S Eurobond holders have rejected government’s request for modifications and waivers and the deferment of interest payments due on each bond between October 14, 2020, to April 14, 2021, triggering and confirming a sovereign debt […]
9 Nov 2020
|
Stuart Lisulo
Kwacha tumbles to K21 per dollar
THE kwacha has depreciated to hit the K21.00 per dollar psychological barrier for the first time ever in Zambia’s history, owing to overwhelmingly high demand for the greenback on the local market, compounded with little […]
9 Nov 2020
|
Ulande Nkomesha
Mealie meal price hikes keep cost of living above K7,000
THE cost of living for a family of five has remained at over K7,000, mainly induced by high mealie meal prices that have registered steep rises in recent months, says the JCTR. In the latest […]
9 Nov 2020
|
Abraham Kalito
Business confidence in economy continues to shrink, reveals ZACCI Survey
LOCAL businesses in Zambia have continued to express low confidence in the economy as a result of persistent negative sentiments caused by load shedding and the COVID-19 outbreak, according to a ZACCI Survey. Announcing the […]
9 Nov 2020
|
Tenson Mkhala
Save & Remit payment platform launched
COMESA Business Council Chief executive officer Sandra Uwera says the digital financial system has been identified as a focus area for improving the efficiency and performance of SMEs in sub-Saharan Africa. And Save and Remit […]
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