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Business
9 Apr 2020
|
Ulande Nkomesha
COVID-19 hasn’t affected fuel movement – transporters
PETROLEUM Transporters Association of Zambia says it has continued to record positive business volumes with an uninterrupted supply and delivery of fuel into the country despite the COVID-19 outbreak. In an interview, Association secretary general […]
7 Apr 2020
|
Stuart Lisulo
Govt, FRA’s deal with millers failed to cut mealie meal prices – IAPRI
GOVERNMENT’s Tripartite Agreement between the Food Reserve Agency (FRA) and selected millers to reduce mealie meal prices has failed to yield the desired results, says the Indaba Agricultural Policy Research Institute (IAPRI). And IAPRI says […]
6 Apr 2020
|
Zindikilani Banda in Sinda
FRA must offer good crop prices in 2020 season, urge Sinda farmers
SINDA District Agricultural Committee chairperson Laiva Zulu has challenged government to come up with good crop prices if farmers are to sell their produce to the Food Reserve Agency (FRA) during the forthcoming marketing season. […]
6 Apr 2020
|
Ulande Nkomesha
Free-falling kwacha suffocating businesses – Muhanya Solar
MUHANYA Solar Limited managing director Geoffrey Kaila says the kwacha’s rapid depreciation against major convertible currencies, coupled with the COVID-19 pandemic, has put pressure on local businesses in Zambia. And Zambia Association of Manufactures (ZAM) […]
6 Apr 2020
|
Natasha Sakala
BoZ warns of record economic, public health shocks from COVID-19 outbreak
THE Bank of Zambia has warned of unprecedented economic and public health shocks resulting from the COVID-19 outbreak, although the disease’s full impact cannot be quantified at the moment. And the Central Bank has established […]
6 Apr 2020
|
Natasha Sakala
Govt disburses K5.6bn in March for debt servicing, projects
The Ministry of Finance has announced that it released total of K5.64 billion in March 2020, with K1.07 billion going towards domestic and external debt servicing. And the ministry further announced that K104.7 million was […]
6 Apr 2020
|
Sipilisiwe Ncube
African finance ministers appeal for debt relief
AFRICAN Ministers of Finance have called for a US$100 billion emergency financing and requested debt relief from bilateral, multilateral and commercial partners including from the IMF, World Bank and the European Union amidst the COVID-19 […]
4 Apr 2020
|
Stuart Lisulo
Absa re-opens Centro Mall branch
ABSA Bank Zambia Plc has re-opened its Centro Mall Branch in Kabulonga following approval received from the Ministry of Health after it earlier closed the outlet as a precautionary measure in response to possible Coronavirus […]
3 Apr 2020
|
Ulande Nkomesha
We won’t reduce load shedding despite COVID-19 – Zesco
ZESCO Limited public relations manager Hazel Zulu says the power utility will not review the load shedding schedule during the COVID-19 outbreak because it is still experiencing power generation constraints. Citizens have called on Zesco […]
2 Apr 2020
|
Stuart Lisulo
Kwacha nears 19 per dollar
THE kwacha’s sharp depreciation against major convertible currencies is likely to continue due to Zambia’s weak economic productivity, compounded by diminishing dollar supply, says financial market analyst Maambo Hamaundu. According to market players, the kwacha […]
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