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Business
29 May 2019
|
Thomas Mulenga
Yalelo failed to pay K17.3m dividends to DBZ – AG
The Auditor General’s Report on the parastatal bodies and other statutory institutions has revealed that Yalelo Limited failed to pay nearly K17.3 million in dividends to the Development Bank of Zambia (DBZ), contrary to a […]
29 May 2019
|
Stuart Lisulo
Zambians should expect to continue suffering economic hardships – CTPD
Zambians are expected to continue facing hard economic times with escalating poverty levels if government fails to urgently implement corrective fiscal measures, says the Centre for Trade Policy and Development (CTPD). Reacting to the Bank […]
29 May 2019
|
Sipilisiwe Ncube
Maggy announces cancellation of signed loans to tackle mounting debt
Cabinet has cancelled some signed, but undisbursed loans, to moderate Zambia’s growing risk of debt distress, says Finance Minister Margaret Mwanakatwe. Addressing journalists at a press briefing in Lusaka, Tuesday, Mwanakatwe said Cabinet had resolved […]
29 May 2019
|
Thomas Mulenga
Govt announces 3 drought-hit provinces won’t host agricultural shows
Ministry of Agriculture Permanent Secretary Songowayo Zyambo has instructed Provincial Agricultural Coordinators for Lusaka, Southern and Western Provinces not to hold agricultural shows this year due to crop failure caused by droughts that hit the […]
28 May 2019
|
Mirriam Chabala
We’re targeting to beat Zambeef, says Cattle Wealth
Cattle Wealth Management Firm (CWMF), a company that was created to farm cattle for individuals passionate about ranching, says it’s targeting to surpass rivals Zambeef in the agro-processing sector. Founded by three indigenous Zambian entrepreneurs, […]
28 May 2019
|
Chibamba Kanyama
An encounter with Henk Mulder, ZANACO boss
I had met him a few times before when he came to officially open training programmes in which my company, Bridges Limited, was involved. However, last week gave me an incredible long encounter with Henk […]
28 May 2019
|
Mirriam Chabala
Moody’s downgrade shows Zambia remains at high risk of Eurobond default – Kanyama
Zambia’s credit rating downgrading to negative has sent worrying signals to domestic and international creditors that government may default on the Eurobond due to mature in 2022, among other looming debts, says economist Chibamba Kanyama. […]
27 May 2019
|
Stuart Lisulo
Money supply in circulation has contracted – BoZ
Money supply remains a pressing challenge that needs to be seriously addressed to kick-start Zambia’s economic growth, says Bank of Zambia (BoZ) governor Dr Denny Kalyalya. And Dr Kalyalya says government’s challenge in meeting some […]
24 May 2019
|
Mirriam Chabala
CTPD urges govt to be cautious with KCM liquidation
CTPD has asked government not to force Konkola Copper Mines (KCM) to discontinue its operations due to the company’s current financial challenges but instead follow a proper legal process to mitigate potential losses at the […]
24 May 2019
|
Mirriam Chabala
AG’s report on Zambia Railways loss overtaken by progress – Linyama
Zambia Railways board Chairperson Lubinda Linyama says the company has put in place a number of interventions aimed at dismantling its historical liabilities with statutory entities that have been reported in the Auditor General’s parastatal […]
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