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Business
24 Jul 2019
|
Stuart Lisulo
Zambia’s 2019-half year copper production drops to 355,751 tonnes
Zambia’s copper production for the 2019 half-year has dropped to 355,751 metric tonnes from 408,919.01 tonnes in the corresponding period last year, triggered by slashed output at Konkola Copper Mines (KCM) Plc, among other factors. […]
23 Jul 2019
|
Natasha Sakala
Chamber of Mines disagrees with Ng’andu over 2019 mining tax regime
The Zambia Chamber of Mines has disagreed with the sentiments made by newly-appointed Finance Minister Dr Bwalya Ng’andu that declining copper production is not linked to the 2019 mining fiscal regime. And the Chamber has […]
23 Jul 2019
|
Sipilisiwe Ncube
Treasury should speed up reviewing Financial Regulations Act – Kunda
Muchinga MMD member of parliament Howard Kunda has asked the Treasury to speed up the process of reviewing the Financial Regulations and Stores Regulation Act to seal all the leakages in the management of public […]
21 Jul 2019
|
Stuart Lisulo
BoZ seizes Zampost, Pan African Building Society, after both declared insolvent
The Bank of Zambia (BoZ) has seized Zampost Microfinance Limited and Pan African Building Society effective Friday, July 19, 2019, after both financial institutions fell into insolvency. According to a notice circulated by the central […]
18 Jul 2019
|
Mirriam Chabala
Nothing wrong with selling KCM to Chinese – Negotiating team
Kantanshi independent member of parliament Anthony Mumba says the anti-Chinese campaign being propagated by people on the Copperbelt must stop because it might be destructive to the process of choosing a stable investor for Konkola […]
18 Jul 2019
|
Natasha Sakala
If we can get fiscal fitness into the economy, we can get IMF deal – Ng’andu
Newly-appointed Finance Minister Dr Bwalya Ng’andu says as austerity measures begin to produce results, the gap between the Zambian government and the IMF will begin to close which can hopefully lead to clinching a programme. […]
18 Jul 2019
|
Diggers Correspondent
SA newspaper weighs in on KCM saga: “Learn from Zambia’s damage to mines”
SA MUST PAY ATTENTION TO DAMAGE ZAMBIA HAS DONE TO ITS MINING INDUSTRY The last thing SA needs is an antagonistic relationship with a major mining company that spins out of control and beyond reason […]
17 Jul 2019
|
Joseph Mwenya in Kabwe
Zambia Railways needs $922 million to operate efficiently – CEO
Zambia Railways Limited (ZRL) needs US$922 million in order to build capacity and improve its operating efficiency in line with its Strategic Plan for 2018 – 2022, Company Chief Executive Officer Christopher Musonda has disclosed. […]
17 Jul 2019
|
Stuart Lisulo
Barrick hopeful of 2019 mining fiscal regime resolution
Barrick Gold Corporation president and chief executive officer Mark Bristow says the company is hopeful that a successful resolution will be found with the Zambian government on the 2019 mining fiscal regime. And Bristow says […]
17 Jul 2019
|
Sipilisiwe Ncube
Govt need to narrow the gap between austerity pronouncements and action – Ng’andu
Newly appointed Finance Minister Dr Bwalya Ng’andu says there is need for government to narrow the gap between the austerity measures announced and the action taken. Speaking when he held his first senior management visioning […]
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