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Business
26 Jun 2019
|
Stuart Lisulo
China writes off US$22m debt, as talks for KCM takeover gain momentum
State-owned Times of Zambia reports that China has written off more than US $22 million of debt owed by the African Copper mining giant, as talks escalate that the recently ‘nationalised’ Konkola Copper Mines (KCM) […]
25 Jun 2019
|
Diggers Correspondent
Sales Tax may not come into effect on July 1 – Mwanakatwe
Finance Minister Margarate Mwanakatwe says Sales Tax may not come into effect on July 1 as earlier targeted because certain processes have not yet been completed. On March 29, Mwanakatwe told Parliament that government had […]
25 Jun 2019
|
Natasha Sakala
Zambia’s delay to get IMF bailout will hurt economy – Chikwanda
Government must immediately bring the International Monetary Fund (IMF) on board because any further delay will negatively affect Zambia’s economic resilience, says Former Finance Minister Alexander Chikwanda. In an article titled “Patriotism (Love And Duty […]
24 Jun 2019
|
Diggers Correspondent
Chibamba explains kwacha appreciation
Economist Chibamba Kanyama says the kwacha’s appreciation in recent days can partly be explained by some market players who went into “panic mode” by offloading more dollars back onto the local market after realising the […]
24 Jun 2019
|
Sipilisiwe Ncube
NAPSA defends 25.8m AVIC tender, but refuses to explain inflated cost
National Pensions Scheme Authority (NAPSA) head of corporate affairs Cephas Sinyangwe says any aggrieved party questioning the awarding of the controversial tender to AVIC International for the construction of the Twin Palm River View Park […]
24 Jun 2019
|
Martha Mwanza
ZICTA to implement new quality of service guidelines by July – Nankonde
The Zambia Information and Communications Technology Authority (ZICTA) says the poor network challenges mobile phone subscribers are currently grappling with are due to ongoing system upgrades by all three operators. But the ICT regulator has […]
24 Jun 2019
|
Martha Mwanza
Kwacha could be hit by Sales Tax implementation, KCM uncertainty – Cuts
Consumer Unity Trust Society (CUTS) national coordinator Chenai Makumba says implementation of Sales Tax and forced liquidation of Konkola Copper Mines Plc (KCM) has the potential to negatively affect the kwacha’s performance. In an interview, […]
21 Jun 2019
|
Stuart Lisulo
National Financial Switch will slash bank charges, fees – BoZ
Zambians will soon enjoy the benefits of reduced financial transaction charges and fees once the National Financial Switch (NFS) platform is fully implemented, says Zambia Electronic Clearing House Limited board chairperson Dr Bwalya Ng’andu. The […]
20 Jun 2019
|
Sipilisiwe Ncube
NAPSA’s inflated AVIC contract must be probed, demands Milupi
Authorities must investigate why NAPSA inflated AVIC’s US$21.6 million bid for the development of Twin Palm River View Park to US$25.8 million, ADD president Charles Milupi has demanded. A National Pension Scheme Authority (NAPSA) evaluation […]
20 Jun 2019
|
Stuart Lisulo
Zambeef posts K31.8 million loss
Zambeef Plc has posted massive losses after tax of K31.8 million, triggered by the depreciating Kwacha, which slashed Zambian consumers’ purchasing power and pushed up input costs. And Zambeef has projected that Zambia’s macroeconomic conditions […]
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