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Business
5 Aug 2020
|
Natasha Sakala
Budget deficit caused by debt servicing, not COVID-19 – Musokotwane
FORMER finance minister Dr Situmbeko Musokotwane says it is incorrect to attribute Zambia’s budget deficit to COVID-19 because it was caused by debt servicing obligations. And Dr Musokotwane has urged government to implement empowerment programmes […]
5 Aug 2020
|
Natasha Sakala
EWSC owes ZRA K9.7m in PAYE – AG
THE Auditor General has revealed that the Eastern Water and Sanitation Company (EWSC) owes the Zambia Revenue Authority (ZRA) and the Local Authority Superannuation Fund a combined total of K10.5 million in respect of outstanding […]
5 Aug 2020
|
Natasha Sakala
72% of enterprises unable to raise funds due to COVID-19 – FSD
A SURVEY has revealed that 72 per cent of Zambian businesses are unable to raise funds due to COVID-19, with the lowest income segments being particularly vulnerable to the economic impacts of the pandemic. The […]
3 Aug 2020
|
Natasha Sakala
200 suppliers threaten to grab Munali Nickel Mine assets over $18m debt
OVER 200 contractors have threatened to take the law into their own hands and confiscate whatever assets they can to recover the US $18 million owed to them by Mabiza Resources, operators of Munali Nickel […]
31 Jul 2020
|
Stuart Lisulo
Inflation marginally drops to 15.8%
THE annual rate of inflation has marginally decreased to 15.8 per cent in July, down from 15.9 per cent recorded in June, mainly induced by price decreases in food items, according to the Zambia Statistics […]
31 Jul 2020
|
Natasha Sakala
Fire parastatal CEOs who’ve failed to stop theft, CSOs urge govt
TRANSPARENCY International Zambia (TIZ) and ActionAid have called on the line Ministries responsible for parastatals found wanting in the Auditor General’s report to fire all chief executive officers to send a strong signal to would-be […]
30 Jul 2020
|
Natasha Sakala
Grab available funding to strengthen cash flows, ZACCI urges private sector
ZACCI has called on the private sector to refrain from complaining about Zambia’s ongoing economic challenges and take advantage of the available financing facilities through various institutions. In an interview, ZACCI president Dr Chabuka Kawesha […]
30 Jul 2020
|
Natasha Sakala
Govt unveils K15bn supplementary budget, K5.7m for debt servicing
FINANCE Minister Dr Bwalya Ng’andu says the issuance of bonds will not worsen the Zambia’s current debt position because they are long term. And Dr Ng’andu says Zambia is poised to save about K3.7 billion […]
30 Jul 2020
|
Natasha Sakala
Lukanga Water misapplied K1.9m meant for sanitation extension projects – AG
THE Auditor General has revealed that over K1.9 million of the sanitation surcharge collected by Lukanga Water and Sewerage Company (LgWSC) meant for sanitation extension projects was used for other unrelated purposes. And the Auditor […]
29 Jul 2020
|
Natasha Sakala
Govt bemoans Spar outlets closure
MINISTER of Commerce Trade and Industry Christopher Yaluma has bemoaned the impromptu closure of all Spar outlets in the country, saying government is working to ensure that this does not scare other chain stores. And […]
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