THE Zambia Revenue Authority (ZRA), Ministry of Finance and the Ministry of Local Government have signed a Memorandum of Understanding (MoU) that will see local authorities collecting base and withholding taxes on rental income on […]

Finance Minister Dr Bwalya Ng’andu has revealed that Zambia’s total indebtedness inclusive of contingent liabilities and debt owed by State-Owned Entities (SOEs) now stands at US $18.5billion with an average interest of 4.5 per cent. […]

STANDARD and Poors (S&P) Global Ratings have lowered its long-term foreign and local currency sovereign credit ratings on Zambia to ‘CCC-‘ from ‘CCC’ following the Zambian government’s request to suspend Eurobond debt interest payments. According […]

THE Jesuit Centre for Theological Reflection (JCTR) says it is unlikely that the 2021 budget will deliver on economic stimulation resilience, given government’s huge debt repayments amounting to a total of over K45 billion. In […]

UNLESS debt is addressed, we are building a house on a foundation made out of clay, says former finance minister Situmbeko Musokotwane. Commenting on the 2019 budget in an interview, Musokotwane, who is also Liuwa […]

FINANCE Minister Dr Bwalya Ng’andu says there is nothing embarrassing about Zambia’s request to suspend Eurobond interest repayments because it is normal procedure and the first step towards the country’s debt restructuring programme. And Dr […]

FINANCE Minister Dr Bwalya Ng’andu has announced that government will spend K119.6 billion in 2021, with more than K27 billion of that amount due to be spent on servicing Zambia’s external debt. And Dr Ng’andu […]

THE annual rate of inflation has marginally increased to 15.7 per cent in September, up from 15.5 per cent recorded in August, mainly induced by price increases in non-food items, according to the Zambia Statistics […]

MINES Minister Richard Musukwa says government will ensure that workers at Mopani Copper Mine are protected as discussions for its eventual takeover are expected to be concluded in the shortest possible time. And Musukwa says […]

FITCH Ratings has downgraded Zambia’s credit rating to ‘C’ from ‘CC’, meaning the country is in imminent default with little prospect of recover. Fitch has also downgraded Zambia’s rating on its senior unsecured foreign-currency bonds, […]