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BREAKING NEWS
Chinyemba wins gold as opponent pulls out
Business
12 Feb 2021
|
Ulande Nkomesha
Govt withdraws ZRA Amendment Bill
FINANCE Minister Dr Bwalya Ng’andu has withdrawn the Zambia Revenue Authority (ZRA) Amendment Bill, which was at Second Reading stage, to allow for further consultation on the proposed piece of legislation. Speaking in Parliament, Wednesday,
12 Feb 2021
|
Stuart Lisulo
Cost of living hits K8,400 per month
THE cost of living for a family of five has skyrocketed to nearly K8,400 in January, 2021, a new all-time high, mainly triggered by high inflation, says the Jesuit Centre for Theological Reflection (JCTR). In
10 Feb 2021
|
Ulande Nkomesha
Govt restricts importation of onion, table potatoes
Government has set a restriction on the importation of onion and table potatoes into the country. In a letter addressed to Zambia Revenue Authority (ZRA) Commissioner General Kingsley Chanda by Ministry of Agriculture Permanent Secretary
10 Feb 2021
|
Abraham Kalito
ZCCM-IH’s Mopani takeover won’t stem kwacha freefall – BAZ
ZCCM-IH’s takeover of Mopani Copper Mines will not have any meaningful benefit on strengthening the kwacha because the anticipated injection of foreign currency will still be targeted towards settling statutory liabilities, says the Bankers’ Association
9 Feb 2021
|
Julia Malunga
Kafwaya explains Zampost’s challenges
TRANSPORT and Communications Minister Mutotwe Kafwaya says some of the challenges which the Zambia Postal Services Corporation (Zampost) is facing include inadequate working capital and accumulated long term liabilities. Kafwaya was responding to a question
8 Feb 2021
|
Julia Malunga
$56m Eurobond default will make debt restructuring difficult for Zambia – CTPD
THE CENTRE for Trade Policy and Development (CTPD) says failure by the government to honour another coupon payment of US$56.1 million due under one of the Eurobonds raises concerns. In a statement, Sunday, CTPD senior
8 Feb 2021
|
Natasha Sakala
SAWR happy with Kansanshi successful negotiations with unions
THE Southern Africa Resource Watch (SARW) has commended Kansanshi Mining Plc for reviewing its conditions of service for workers and allowing successful negotiations with trade unions. According to a statement, SARW, in an earlier report,
8 Feb 2021
|
Natasha Sakala
Govt benefiting nothing from illegal mining activities in Luapula – Musukwa
MINES Minister Richard Musukwa says the mining and exploration of manganese in Luapula province is in disarray as it has been dominated by illegal miners. The Minister was responding to Serenje MMD member of parliament
8 Feb 2021
|
Natasha Sakala
Kambwili questions Mopani deal
NATIONAL Democratic Congress (NDC) leader Chishimba Kambwili says the Mopani Copper Mines takeover needs to be reviewed because Zambia Consolidated Copper Mines Investment Holdings (ZCCM-IH) does not have the capacity to run the asset. And
4 Feb 2021
|
Natasha Sakala
ZCCM-IH ownership of Mopani will help cushion kwacha fall – Ng’andu
FINANCE Minister Dr Bwalya Ng’andu says ZCCM-IH’s acquisition of Mopani Copper Mines will help cushion the kwacha’s depreciation because the inflow of foreign exchange into Zambia is expected to improve. The Minister was speaking in
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