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Business
18 Jun 2020
|
Ulande Nkomesha
400 jobs will be lost due to Zesco, CEC rift, warns Mwila
MINEWORKERS Union of Zambia, Copperbelt Energy Corporation Plc (MUZ CEC) branch, says the declaration of CEC’s assets as common carriers arising from Statutory Instrument No. 57 of 2020 will result in a loss of 400 […]
17 Jun 2020
|
Mirriam Chabala
ERB institutes probe into Zesco’s ‘fast-depleting units’
THE Energy Regulation Board (ERB) says it is investigating the alleged unusual and unexplained depletion of Zesco prepaid electricity units being complained about by citizens across the country. ERB public relations manager Kwali Mfuni disclosed […]
16 Jun 2020
|
Natasha Sakala
We’ve invested $1.6m in Met infrastructure – Ministry
THE Ministry of Transport and Communications says it has invested over US $1.6 million in meteorology infrastructure with 140 more automatic weather stations still in the bidding process. And the Ministry has called for concerted […]
16 Jun 2020
|
Natasha Sakala
Ng’andu writes Paris Club to seek debt payment suspension
FINANCE Minister Dr Bwalya Ng’andu has written to the Paris Club requesting for payment suspension on Zambia’s principal and interest payments to all its official creditors from May 1 to end-December, 2020. And the World […]
14 Jun 2020
|
Natasha Sakala
IMF to hold virtual consultative talks with Zambia
FINANCE Minister Dr Bwalya Ng’andu has directed ministry officials to prepare a well-structured engagement strategy in preparation for the forthcoming virtual consultative and information exchange mission of the International Monetary Fund from June 22 to […]
13 Jun 2020
|
By Maka B Tounkara
The consequences of ‘expropriating’ CEC’s assets on tax revenue and capital investment
In January 2008, the Copperbelt Energy Corporation (CEC) became the first privately owned power utility company to list on the Lusaka Securities Exchange (LuSE) in an attempt to boost appetite for local investment and increase […]
12 Jun 2020
|
Daniel Chansa
Ndola Lime retrenches over 200
NDOLA Lime Company Limited has retrenched over 200 employees, effective July 31, 2020. Ndola Lime Company Limited has also failed to pay its creditors in excess of US$85 million. This is according to an internal […]
11 Jun 2020
|
Natasha Sakala
Mines Ministry makes changes to export mineral sampling procedure
THE Ministry of Mines and Mineral Resources has announced that the ministry will now be sending officials to mine sites and warehouses to collect samples for export as opposed to relying on samples availed by […]
11 Jun 2020
|
Natasha Sakala
Zesco’s agreement with KCM a sign of vindictiveness – Milupi
ALLIANCE for Democracy and Development (ADD) president Charles Milupi says the move by Zesco to sign a long term power supply agreement with Konkola Copper Mines Plc (KCM was done out of vindictiveness and only […]
11 Jun 2020
|
Ulande Nkomesha
CSPR proposes tax reductions to cushion citizens against high cost of living
CIVIL Society for Poverty Reduction (CSPR) says government should lessen the tax burden on citizens and increase social protection programs to cushion Zambians against the escalating cost of living. CSPR programs coordinator Chimuka Nachibinga said […]
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