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Business
26 Mar 2020
|
Julia Malunga
World Bank, IMF calls for suspension of debt repayment
The International Monetary Fund and the World Bank have asked all bilateral creditors to suspend debt repayment from International Development Association (IDA) countries in order to allow them liquidity for tackling the Coronavirus. IDA countries […]
25 Mar 2020
|
Ulande Nkomesha
I’m still awaiting Zesco-CEC BSA report, says Nkhuwa
ENERGY Minister Matthew Nkhuwa says he is yet to receive a report on the status of the Zesco Limited and the Copperbelt Energy Corporation (CEC) Plc Bulk Supply Agreement (BSA), which lapses next Tuesday. In […]
25 Mar 2020
|
Julia Malunga
ZNFU predicts good 2020 crop harvest
THE Zambia National Farmers’ Union (ZNFU) says Zambia is likely to reap a good harvest in the forthcoming crop marketing season, mainly boosted by early maize planting that was undertaken by farmers in the current […]
25 Mar 2020
|
Stuart Lisulo
COVID-19 will trigger major global economic recession, warns World Bank
THE World Bank has warned that a “major economic recession” will follow in the aftermath of the deadly COVID-19 outbreak. And the World Bank Group and IFC have approved an unprecedented US $14 billion aid […]
25 Mar 2020
|
Ulande Nkomesha
Reduce data, voice call taxes to encourage social distancing, ZACCI urges govt
GOVERNMENT must immediately suspend or reduce taxes related to data and voice telecommunication services to cushion the social and economic impact of the Coronavirus, says Zambia Chamber of Commerce and Industry (ZACCI) president Chabuka Kawesha. […]
25 Mar 2020
|
Julia Malunga
Emirates’ flight suspension takes effect today
EMIRATES has suspended most of its passenger flights to various international destinations across the globe, including Lusaka, effective Wednesday, March 25. In a statement released, Sunday, the Dubai-based carrier announced its planned cancellations of passenger […]
24 Mar 2020
|
Natasha Sakala
Kwacha on a race to 18
THE kwacha has continued to lose ground against major convertibles on the foreign exchange market, trading at a low of between K17.30 and K17.64 for buying and selling respectively on interbank by midday yesterday. This […]
23 Mar 2020
|
Stuart Lisulo
Multichoice explains movie rental fee hike
MULTICHOICE Zambia has hiked its DStv Box Office rental fees to K30 per movie from K19.50, effective April 15, 2020, triggered by the company’s desire to enable it keep delivering top-quality value-added service. According to […]
23 Mar 2020
|
Natasha Sakala
Govt still collecting Drought Insurance data for farmers who should benefit – Katambo
Agriculture Minister Michael Katambo says satellite data is currently being compiled to ascertain the number of farmers affected by floods and drought that could benefit from the Weather Index Insurance. The insurance scheme, operated by […]
23 Mar 2020
|
Natasha Sakala
BoZ raises money transfer limits to reduce cash transactions amid Covid-19 outbreak
The Bank of Zambia has removed transaction and balance limits on agents and corporate wallets and increased the limit for individuals in a bid to help reduce cash transactions in the wake of the Covid-19 […]
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