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Business
KCM freezes new recruitment
Konkola Copper Mines Plc (KCM) has announced a total freeze on any further recruitment even if a position becomes vacant under the company’s business plan. According to an internal KCM memo, the announcement took effect […]
Hiked electricity tariffs will help Zesco survive harsh economy, explains Kapata
Zesco Plc spokesperson Henry Kapata says electricity tariff revisions over the last few years have not kept up with the rising cost of generation and have led to the power utility’s declining financial position. In […]
Sales Tax will shrink businesses, trigger massive job losses, warns ZACCI
The Zambia Chamber of Commerce and Industry (ZACCI) has warned that implementing Sales Tax from July 1, this year, could have devastating consequences of shrinking businesses and inducing job losses due to its cascading effect. […]
CSPR urges govt to stop exploiting farmers
Civil Society for Poverty Reduction (CSPR) executive director Patrick Nshindano says government is exploiting poor Zambians by re-selling a 50Kg bag of maize to communities at K111 given that the commodity was procured at K70. […]
World Bank picks Zambia to pilot human capital project
The World Bank has picked Zambia to become one of the pilot locations for the human capital project, an initiative aimed at scaling-up access to quality education, health, and skills development. In a statement availed […]
Kwacha tumbles on World Bank growth downgrade
The kwacha depreciated sharply against major currency convertibles to sink to at least K12.41 per dollar after the World Bank’s depressed real GDP growth forecast put Zambia at 3.3 per cent this year. According to […]
CEC Africa posts K3 billion loss
CEC Africa, a subsidiary of the Zambia Energy Corporation Limited (ZECL), has posted losses after tax of over K3 billion during its financial year ending December 31, 2018, triggered by non-cost reflective tariffs sustained in […]
It’s now much harder to steal public funds, says Mwanakatwe
It has now become much harder to steal public funds in Zambia, says Finance Minister Margaret Mwanakatwe. And Mwanakatwe says she is not worried about Zambia’s declining international gross reserves because mitigating measures are being […]
73% of Digital Financial Services accounts dormant, notes UNCDF
Around 73 per cent of registered Digital Financial Services (DFS) accounts in Zambia remain inactive despite a huge growth in the number of registered accounts, new data shows. But Bank of Zambia (BoZ) deputy governor […]
Mopani resumes operations after underground safety audit
Mopani Copper Mines Plc has with immediate effect resumed operations at its Nkana and Mufulira mine sites following an intensive safety audit of underground operations. Mopani Copper Mines Plc public relations manager Nebert Mulenga confirmed […]
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