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Business
Dipak drags Minister of Finance to court for contracting loans without parliament approval
FORMER Minister of Commerce, Trade and Industry Dipak Patel has petitioned the Constitutional Court over government’s failure to obtain prior approval from Parliament before contracting national debt. And Patel has written to the Minister of […]
Huge debt serving triggering kwacha free-fall – Mutati
FORMER Finance Minister Felix Mutati says Zambia’s huge volume of debt serving has contributed to the kwacha’s rapid depreciation because it is harvesting a lot of foreign exchange from the market. The kwacha has sharply […]
CBU lecturers down tools over February dues
LEARNING at the Copperbelt University (CBU) has been disrupted after lecturers at the institution downed tools, Monday afternoon, demanding payment of their delayed February salaries. Copperbelt University Academics Union (CBUAU) general secretary Willie Ngosa confirmed […]
Madison Financial Services to inject K70m into MAMCo
THE Securities and Exchange Commission’s (SEC) temporary possession of Madison Asset Management Company (MAMCo) came as a result of its financial challenges, which emanated from exposure to companies that collapsed, LSA Group chairman Dr Lawrence […]
Lungu should join coronavirus fight – Saasa
ECONOMIST Professor Oliver Saasa says it worrying to see Zambia handling the coronavirus pandemic outside the Presidency when it is a multi-faceted problem. And Professor Saasa says Vice-President Inonge was right when she attributed the […]
Data proves Wina wrong on kwacha depreciation
THE kwacha’s depreciation to an all-time low of K16.00 per dollar has been proven to be the worst-performing African currency despite Zambia being one of three countries on the continent without confirmed cases of the […]
You’ve failed, stop giving excuses on falling Kwacha, Sichinga tells Wina
FORMER Commerce Minister Robert Sichinga says Vice-President Inonge Wina’s argument that the free-fall of the Kwacha is due to the Covid-19 pandemic is merely an excuse which doesn’t make sense. On Friday, Vice-President Wina told […]
Airtel’s profit slumps to K15.7m
AIRTEL Networks Zambia Plc has posted reduced net profits of only K15.7 million during its 2019 financial year period compared to over K64 million in the prior corresponding period in 2018, partly triggered by the […]
Kwacha trades in red as it hits K16 per US dollar
THE kwacha has depreciated to hit the K16.00 per dollar psychological barrier for the first time in Zambia’s history, owing to a sustained high demand for the greenback on the local market, compounded with little […]
ZCCM-IH sets gold buying price at K550/gramme
ZCCM-IH chief executive officer Mabvuto Chipata says talks with various companies outside Zambia are at an advanced stage to secure a viable market for the off-take of gold that will be due to be sold. […]
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