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Business
Zambia records K422m trade surplus
Zambia has recorded a trade surplus of K422 million, an increase by 273.8 per cent between November and December, 2019, the fifth highest of last year, triggered by huge exports of intermediate goods, Zambia Statistics […]
Inflation rises to 12.5%
The annual rate of inflation has jumped to 12.5 per cent in January, up from 11.7 per cent recorded in December, the highest on record since October 2016, according to the Zambia Statistics Agency (ZSA). […]
Vedanta warns Milingo against defying court order, selling mine assets
Vedanta says it still remains committed to seeking resolution through dialogue and constructive engagement with the Government of Zambia and ZCCM-IH, despite the ongoing court processes. Giving an update on the KCM impasse in a […]
High mealie meal prices will persist – IAPRI
Mealie meal prices are likely to remain high this year until the main maize harvest period in May, says the Indaba Agricultural Policy Research Institute (IAPRI). And IAPRI says the food security situation for some […]
Govt must be transparent in gold mining ventures – CTPD
Government must endeavour to be transparent and consultative in its new gold mining ventures being spearheaded by ZCCM-IH for all stakeholders to clearly understand their game plan and reap dividends, says CTPD. In a statement, […]
Chamber of Mines forecasts surge in copper prices
Zambia Chamber of Mines president Goodwell Mateyo has projected a rise in the price of copper this year following the calming down of the trade war between the United States of America and China. The […]
SAA confirms sale of nine aircraft
South African Airways (SAA) has put some of its aircraft up for sale to accommodate the new Airbus A350-900s the airline recently added to its fleet. The struggling carrier announced in a statement that it […]
Kwacha to average K14.40/dollar in short-term
The kwacha is expected to remain under pressure, depreciating against major currency convertibles, to end the mid-way point of this month at around K14.40 per dollar owing to a resumption in high demand for the […]
ZCCM-IH’s profits drop by 47%
ZCCM-IH posted reduced profits after tax of K448 million during its financial year ending March 31, 2019, triggered by reduced dividends paid by Kansanshi Mining Plc, and lower income from Konkola Copper Mines (KCM) Plc, […]
ZRA’s planned Digital Tax Stamp worries ZAM
The Zambia Association of Manufacturers (ZAM) says the Zambia Revenue Authority’s decision to start implementing the Digital Tax Stamp (DTS) to enhance tax compliance on all excisable products has the potential to increase the cost […]
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