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22 Jul 2020
|
Ulande Nkomesha
CSPR fears poverty reduction projects will slow as budget deficit widens
THE Civil Society for Poverty Reduction (CSPR) has called on government to create a sinking fund specifically meant for poverty reduction programmes to cushion vulnerable Zambians’ hardships. In an interview, CSPR programmes manager Chimuka Nachibinga […]
22 Jul 2020
|
Natasha Sakala
LWSSC wasted K13m on faulty meters – AG
GOVERNMENT institutions were owing Lusaka Water Sewerage and Sanitation Company (LWSSC) over K133 million in unpaid water bills as at end of 2018, according to the Auditor General’s report on the accounts of water and […]
22 Jul 2020
|
Natasha Sakala
Exploit domestic revenue potential to avoid debt contraction, IMF tips govt
THE International Monetary Fund (IMF) says the best way for Zambia to reduce its fiscal deficit is to tap into its domestic revenue potential and improve priority spending in a debt-free fashion. And the IMF […]
22 Jul 2020
|
Sipilisiwe Ncube
COVID-19 has kept 2020 economic growth at -4.2% – Chikuba
MINISTRY of Finance Permanent Secretary Mukuli Chikuba says COVID-19 has impacted Zambia’s economy as evidenced by negative economic growth projected at -4.2 per cent. And Chikuba says government has applied for debt relief under the […]
21 Jul 2020
|
Diggers Reporter
CEC records COVID-19 case
Copperbelt Energy Corporation Plc (CEC) has recorded a COVID-19 case at its Head Office in Kitwe. According to a statement issued by CEC senior manager corporate communications Chama Nsabika, there were also two confirmed cases […]
21 Jul 2020
|
Diggers Reporter
CEC-Zesco impasse has heightened uncertainty on power supply – Chamber
THE high copper prices on the international market may not translate into an improved Zambian economy because the global macroeconomic environment remains volatile while mining companies’ cash flow position is still constrained, says the Zambia […]
20 Jul 2020
|
Ulande Nkomesha
It’s Covid bond that’ll help infrastructure projects not donations, explains Mwale
HOUSING and Infrastructure Development Minister Vincent Mwale says the K8 billion Covid-19 bond is a special fund established to help stimulate the economy, including infrastructure project, and should not be understood as money raised from […]
20 Jul 2020
|
Sipilisiwe Ncube
Zambia lacks transparency in debt reporting, reveals World Bank
THE World Bank Assessment Report on Debt Transparency among International Development Associations (IDA) countries has exposed Zambia’s lack of transparency on debt reporting. The Assessment Report on the availability, completeness and timeliness of public debt […]
16 Jul 2020
|
Natasha Sakala
Zambia has requested support under G20 Debt Service Standstill Initiative – IMF
THE International Monetary Fund (IMF) has announced that Zambia has requested support under the G20 Debt Service Standstill Initiative in a bid to help provide temporary fiscal space this year. This comes after the conclusion […]
16 Jul 2020
|
Natasha Sakala
FRA won’t hit 1m tonne target with K110 maize price – CTPD
THE Centre for Trade Policy and Development has urged the Food Reserve Agency (FRA) to increase their maize purchase price if they hope to reach the one million metric tonnes maize target. In a statement, […]
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