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Business
BoZ hikes Monetary Policy Rate to 10.25%
The Bank of Zambia has hiked the Monetary Policy Rate (MPR) in a bid to contain rising inflationary pressures, which look set to breach the targeted six to eight per cent range. Speaking during a […]
Timely payment of suppliers defines your business reputation
In 2017, a couple of months after my arrival from my assignment at the International Monetary Fund, Steven Din, the Chief Executive Officer of Konkola Copper Mines at the time, invited me for a meeting […]
KCM takeover has caused fear, anxiety among investors – Chamber of Mines
Zambia Chamber of Mines (ZCM) president Goodwell Mateyo says the manner in which President Edgar Lungu announced the fate of Konkola Copper Mines has unfortunately caused unnecessary anxiety, not only with KCM employees and its […]
ZNBS in K26.7m mortgage irregularities
The Zambia National Building Society (ZNBS) had 56 mortgages in amounts totalling K26.7 million with various irregularities, such as unregistered mortgages and missing mortgage deeds, the latest Auditor General’s Report reveals. And ZNBS was found […]
Arrest free fall of kwacha before it creates inflation crisis – Hamududu
Party of National Unity (PNU) president Highvie Hamududu says government should undertake a mid-year 2019 budget review to find remedial measures on the missed macro-economic targets. And Hamududu says the free fall in the exchange […]
Zambia Railways remains loss making – AG
Zambia Railways Limited has remained loss-making for three consecutive financial years between the period 2015-2017, with the highest amount being over K134 million in its 2016 financial year. And Zambia Railways has failed to achieve […]
Millers have already slashed mealie meal prices – Chintala
Millers Association of Zambia (MAZ) chairman Andrew Chintala says millers have already effected a mealie-meal price reduction, adding that any extra cost above the approved K85 per 25Kg breakfast bag is effected by retailers. And […]
World Bank approves US$100m to boost natural resource management
The World Bank Board of Directors has approved an International Development Association (IDA) credit of US$100 million for Zambia to improve natural resource management in selected districts. In a statement, World Bank Zambia country manager […]
Kwacha hits K14 per dollar
The kwacha continued to depreciate sharply against major currency convertibles to sink and crash through the K14.00 per dollar psychological barrier, the weakest since November, 2015. According to financial market players, the kwacha has maintained […]
Sales Tax will shut down businesses, warns Mutati
Zambian small-scale businesses are all going to shut down following the implementation of the controversial Sales Tax after next month, former Finance Minister Felix Mutati has warned. And Mutati has called on government to defer […]
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