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Business
13 May 2020
|
Natasha Sakala
Banks will still demand collateral from borrowers of K10bn BoZ SME bailout – BAZ
COMMERCIAL banks have not been given risk-free financing from the Bank of Zambia’s K10 billion Medium-term Loan Facility, hence the need for them to still demand collateral from prospective borrowers, says the Bankers’ Association of […]
27 Apr 2020
|
Julia Malunga
2020 budget needs to be scrapped, re-done – Mutati
FORMER Finance Minister Felix Mutati says the entire 2020 budget needs to be re-worked to provide clarity to the nation regrading what is achievable this year given the huge expected government revenue shortfall amid COVID-19. […]
24 Apr 2020
|
Natasha Sakala
Conduct village banking via Mobile Money to stop COVID-19 spread – FSDZ
FINANCIAL Sector Deepening Zambia Limited (FSD Zambia) has advised savings groups to consider holding digitized meetings where members send savings, loans and social funds through Mobile Money platforms or other virtual means to avoid spreading […]
23 Apr 2020
|
Stuart Lisulo
Mines in a desperate situation – Chamber
MINING companies operating in Zambia have increasingly become more desperate because they lack a robust stimulus package to continue functioning sustainably in the country’s deteriorating economy, the Chamber of Mines has warned. And the Chamber […]
23 Apr 2020
|
Natasha Sakala
We have to unlock certain sectors of the economy – Lungu
PRESIDENT Edgar Lungu says he will engage Minister of Health Dr Chitalu Chilufya to begin unlocking some sectors of the economy, even if it means the continued wearing of face masks, as the country continues […]
22 Apr 2020
|
Natasha Sakala
Zesco maintains 12 hour load shedding schedule
ZESCO Limited has reverted to the 12 hours per day load shedding schedule after 10 days of 15 hours of load management following the restoration of 132MW back into the national grid. In a statement, […]
22 Apr 2020
|
Natasha Sakala
We’re not trading Mopani with Chinese debt relief – Ng’andu
FINANCE Minister Dr Bwalya Ng’andu has refuted claims that government is considering giving away Mopani Copper Mines Plc in exchange for wiping out Chinese debt. According to an article published in the Wall Street Journal […]
21 Apr 2020
|
Stuart Lisulo
Zambia faces K14.8 billion budget deficit – Finance Minister
Finance Minister Dr Bwalya Ng’andu has estimated that Zambia’s budgeted revenue will fall short of target by at least K14.8 billion, which is 19.7 per cent of the approved 2020 budget. And Ng’andu says Zambia’s […]
20 Apr 2020
|
Natasha Sakala
Wait for marketing season to sell your maize, ZNFU urges farmers
THE Zambia National Farmers Union (ZNFU) has called on farmers to be patient and wait for the marketing season for them to take advantage of the ready regional market that is in need of food. […]
20 Apr 2020
|
Julia Malunga
Use former finance ministers, governors, to negotiate debt restructuring, Simumba urges govt
ECONOMIST Trevor Simumba says government should not outsource advisers to help them negotiate debt restricting when Zambia has enough eminent citizens capable of handling the task. Speaking when he featured on Capital FM’s Counting the […]
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