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Business
3 May 2024
|
Barnabas Zulu
Zesco starts importing electricity to supplement national power
ZESCO Limited has announced that it began importing electricity on May 1, 2024, to supplement the national power supply following the reduced generation due to poor hydrology. And Zesco spokesperson Matongo Maumbi says some areas... […]
2 May 2024
|
Precious Daka
Haabazoka projects continued rise in cost of living
ECONOMIST Lubinda Haabazoka says Zambia is likely to continue experiencing a high cost of living as the local currency has unfortunately failed to stabilise or fall below the K20 barrier. And Haabazoka says government’s decision... […]
2 May 2024
|
Philip Chisalu
FRA’s K330/50kg pricing won’t compete favourably in the market – ZNFU
THE Zambia National Farmers Union (ZNFU) says the Food Reserve Agency (FRA) has missed “a penalty on pricing” by setting this year’s maize floor price at K330 for a 50-kilogramme bag, as it is unlikely... […]
2 May 2024
|
Philip Chisalu
ERB approves Zesco’s 10% tariff hike
THE Energy Regulation Board (ERB) has approved Zesco’s request to increase electricity tariffs by 10 percent effective May 1, 2024. In a statement, Wednesday, ERB Board Chairperson Reynolds Bowa revealed that in April, 2023, the... […]
1 May 2024
|
Philip Chisalu
We should plan the best way to trade mukula – TPAZ
TIMBER Producers Association of Zambia (TPAZ) president Charles Masange says instituting a commission of inquiry into the trade of mukula will be a waste of time. On Monday, the Southern Africa Network Against Corruption (SANAC)... […]
1 May 2024
|
Barnabas Zulu
Giving away KCM, Mopani is HH’s biggest mistake – Sichinga
FORMER commerce minister Bob Sichinga says government has made a big mistake by giving away Mopani and KCM to foreign investors, adding that they will realise that in due course. And Sichinga says Zambia is... […]
1 May 2024
|
Barnabas Zulu
FRA has provided 44,000MT of maize for immediate delivery to drought-hit areas – DMMU
DISASTER Management and Mitigation Unit (DMMU) National Coordinator Gabriel Pollen has disclosed that more than 44, 000 metric tonnes of maize have been set aside for immediate distribution as relief food in drought affected areas.... […]
1 May 2024
|
Philip Chisalu
Standard Petroleum has committed to deliver cheap fuel; we’re just waiting – Govt
MINISTRY of Energy Permanent Secretary Peter Mumba says Standard Petroleum has assured that it will deliver petroleum products, which are K7 lower in fuel pump price, now that it has resolved its issues. And Mumba... […]
1 May 2024
|
Zondiwe Mbewe
ZRA effects mandatory pre-clearance of commercial goods
THE Zambia Revenue Authority (ZRA) has announced that it will start implementing mandatory pre-clearance of commercial goods effective May 1, 2024. In a statement, Tuesday, ZRA Corporate Communications Manager Oliver Nzala stated that the measure... […]
30 Apr 2024
|
Philip Chisalu
ERB hikes petrol price by K4.4, kerosene by K7.95
THE Energy regulation Board (ERB) has increased the price of petrol by K4, diesel by 0.8 Ngwee, kerosene by K7.95 and Jet A-1 by K3.30 for the month of May, 2024. In a statement, Tuesday,... […]
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