ECONOMIST Professor Oliver Saasa says Zesco is a typical example of a badly managed power utility company. Commenting on remarks by Zesco senior corporate affairs manager John Kunda that the $797,902,517.54 debt owed to local

ENERGY Minister Peter Kapala says government will renegotiate the bulk supply agreement with Copperbelt Energy Corporation after the resolution of court cases by the end of the year. And the Minister says the price of

CONSUMER Unity and Trust Society (CUTS) Centre Director Dr Claudia Pollen says the persistent depreciation of the Kwacha signifies serious structural imbalances in the domestic economy. And Dr Pollen has disclosed that the youth unemployment

FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the total government external debt as at June 2021, stood at US$14.48 billion. And Dr Musokotwane says the growth of external debt from less than $2

CONSULTATIVE talks between Zambia and the International Monetary Fund (IMF) have concluded. During the meetings, government set out its key policies and priorities for the 2022 National Budget and 2022-2024 Medium Term Expenditure Framework. This

SPECIAL Assistant to the President and Presidential Spokesperson Anthony Bwalya says government will not hesitate to review the performance of all public utility bodies, including management utilities, such as the Industrial Development Corporation (IDC). Responding

THE Auditor General’s on the Accounts of Parastatal Bodies and other Statutory Institutions for the financial year ended 31st December 2019 has revealed that Zesco Limited owed local and cross border power suppliers in amounts

FIVE Energy Regulation Board (ERB) board members have resigned, citing “concerns about how they are being required to conduct themselves”. In a letter dated September 29, 2021 addressed to the Energy Minister Peter Kapala, ERB

ZAMBIA Statistics Agency (ZSA) data shows that the annual inflation rate for September 2021 decreased to 22.1 percent from 24.4 percent recorded in August 2021. Meanwhile, the monthly inflation rate for September was recorded at

THE Bank of Zambia says it’s not in receipt of any application for acquisition of any commercial bank. The Anti-Corruption Commission (ACC) recently revealed that it was investigating a former ward councilor of Lusaka for