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Business
4 Mar 2020
|
Stuart Lisulo
Kwacha tumbles to K15.32 per dollar
THE kwacha has continued depreciating to hit K15.32 per dollar owing to a sustained demand for the greenback on the local market, compounded with little supply. According to financial market players, the kwacha maintained a […]
2 Mar 2020
|
Ulande Nkomesha
Kwacha fall major blow to economy – Kanyama
ECONOMIST Chibamba Kanyama says the continued depreciation of the Kwacha against other convertible currencies is a huge blow to the country’s economy. In Friday’s trading session, the kwacha breached the K15.00 psychological barrier against the […]
2 Mar 2020
|
Stuart Lisulo
Commodity prices, debt skyrocket over 100% since 2015
ZAMBIA’S external public debt, along with the country’s major commodity prices, have more than doubled since 2015 when President Edgar Lungu first assumed office in January. Analysis of data from February, 2015 after the Presidential […]
2 Mar 2020
|
Ulande Nkomesha
Rising govt debt will increase poverty levels, warns CSPR
CIVIL Society for Poverty Reduction (CSPR) says the continued increase in Zambia’s domestic and foreign debt will exacerbate poverty levels in the country. In an interview, CSPR programmes coordinator Chimuka Nachibinga said the increase in […]
28 Feb 2020
|
Stuart Lisulo
Kwacha hits K15 per dollar again
THE kwacha has depreciated to hit the K15.00 per dollar barrier for the second time in less than four months, owing to a sustained high demand for the greenback on the local market, compounded with […]
28 Feb 2020
|
Stuart Lisulo
Inflation rises to 13.9%
THE annual rate of inflation has jumped to 13.9 per cent in February, up from 12.5 per cent recorded in January, the highest on record since October, 2016, according to the Zambia Statistics Agency (ZSA). […]
27 Feb 2020
|
Mirriam Chabala
Adopt Green Party’s marijuana business model, Sinkamba urges govt
GREEN Party leader Peter Sinkamba has advised government to adopt his business model for the cultivation of cannabis for export and medicinal purposes, saying it is a big economic driver if well implemented. Sinkamba has […]
27 Feb 2020
|
Stuart Lisulo
Zambia drops out of top 50 global mining jurisdictions
ZAMBIA’S position in the world’s top 50 global mining countries has plummeted in the latest Fraser Index to 58, losing a massive 28 places from the country’s previous 30. The country’s placing in the Index, […]
26 Feb 2020
|
Natasha Sakala
Banks might hike lending rates again – BAZ
INTEREST rates on loan facilities could still rise despite the Bank of Zambia’s (BoZ) decision to maintain the Monetary Policy Rate (MPR) at 11.5 per cent due to the elevated cost of funds, says Bankers’ […]
26 Feb 2020
|
Stuart Lisulo
Airtel, Natsave partner to launch eWallet service
NATSAVE Bank has partnered with Airtel Mobile Commerce Zambia Limited to launch its Wallet-to-Bank and Bank-to-Wallet services, which allows customers of both institutions to instantly send money directly from either account to the other and […]
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