FINANCE Minister Dr Bwalya Ng’andu says ZCCM-IH’s acquisition of Mopani Copper Mines will help cushion the kwacha’s depreciation because the inflow of foreign exchange into Zambia is expected to improve. The Minister was speaking in […]

THE banking sector has faced a massive challenge of trying to cushion the huge demand for dollars on the local financial market amid high inflation and the continued kwacha depreciation, says the Bankers’ Association of […]

ORDINARY Zambians can no longer cope with the escalating cost of living, which is being made worse by skyrocketing inflation, says Consumer Unity Trust Society (CUTS) programmes manager Ishmael Zulu. In an interview, Zulu cautioned […]

ECONOMIST Noel Nkhoma says government’s second default on the Eurobond interest debt repayment will worsen the country’s credit risk profile, which means accessing foreign capital will be much harder. According to the Ministry of Finance, […]

FIRST Quantum Minerals (FQM) Limited has posted record-breaking copper production of 779,000 metric tonnes in 2020, mainly boosted by its Kalumbila-based Sentinel Copper Mine, whose output soared to 251,000 tonnes. And the Canadian miner’s capital […]

THE annual rate of inflation has again jumped to 21.5 per cent in January, up from 19.2 per cent recorded in December, mainly induced by massive price increases in food items, the highest on record […]

ZAMBIA Revenue Authority (ZRA) Commissioner General Kingsley Chanda says the Free Trade Area is not working as it ought to because member countries are still imposing barriers on this country’s exports. Speaking when he appeared […]

GLENCORE Plc has transmitted all technical and market risk to ZCCM-IH following the sale of its majority stake in Mopani Copper Mines (MCM), a move that means that the former will benefit more than government, […]

ZCCM-IH chief executive officer Mabvuto Chipata says Glencore Plc will be collecting 80 per cent of copper sales over the next 10 to 17 years in order to pay off the US $1.5 billion Mopani […]

ZESCO Limited has announced that increased load shedding will continue throughout this current quarter, pending the review of the water allocation from the Zambezi River Authority (ZRA) and coming onstream of the Kafue Gorge Lower […]