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23 May 2019
|
Stuart Lisulo
BoZ explains 14.9% Kwacha depreciation
The Kwacha depreciated sharply against major currency convertibles in a space of six weeks, losing value by nearly 15 per cent, triggered by dwindling dollar supply from the mining sector, according to the Bank of […]
22 May 2019
|
Guest Digger
Why Farmers and MPs Prefer The E-voucher: The Case for Full Rollout
In 2018, CUTS found that 58% of e-voucher users prefer the e-voucher to the traditional FISP; last week we met with farmers who confirmed that they believe the e-voucher to be the future. Over the […]
22 May 2019
|
Thomas Mulenga
8 CSOs oppose sales tax
Eight Civil Society Organisations have opposed the proposed introduction of Sales Tax to replace the value added tax, arguing that Sales Tax has dangerous consequences on the livelihoods of people and the country’s economy. The […]
22 May 2019
|
Stuart Lisulo
BoZ hikes Monetary Policy Rate to 10.25%
The Bank of Zambia has hiked the Monetary Policy Rate (MPR) in a bid to contain rising inflationary pressures, which look set to breach the targeted six to eight per cent range. Speaking during a […]
21 May 2019
|
Chibamba Kanyama
Timely payment of suppliers defines your business reputation
In 2017, a couple of months after my arrival from my assignment at the International Monetary Fund, Steven Din, the Chief Executive Officer of Konkola Copper Mines at the time, invited me for a meeting […]
21 May 2019
|
Mirriam Chabala
KCM takeover has caused fear, anxiety among investors – Chamber of Mines
Zambia Chamber of Mines (ZCM) president Goodwell Mateyo says the manner in which President Edgar Lungu announced the fate of Konkola Copper Mines has unfortunately caused unnecessary anxiety, not only with KCM employees and its […]
21 May 2019
|
Stuart Lisulo
ZNBS in K26.7m mortgage irregularities
The Zambia National Building Society (ZNBS) had 56 mortgages in amounts totalling K26.7 million with various irregularities, such as unregistered mortgages and missing mortgage deeds, the latest Auditor General’s Report reveals. And ZNBS was found […]
21 May 2019
|
Sipilisiwe Ncube
Arrest free fall of kwacha before it creates inflation crisis – Hamududu
Party of National Unity (PNU) president Highvie Hamududu says government should undertake a mid-year 2019 budget review to find remedial measures on the missed macro-economic targets. And Hamududu says the free fall in the exchange […]
20 May 2019
|
Stuart Lisulo
Zambia Railways remains loss making – AG
Zambia Railways Limited has remained loss-making for three consecutive financial years between the period 2015-2017, with the highest amount being over K134 million in its 2016 financial year. And Zambia Railways has failed to achieve […]
20 May 2019
|
Sipilisiwe Ncube
Millers have already slashed mealie meal prices – Chintala
Millers Association of Zambia (MAZ) chairman Andrew Chintala says millers have already effected a mealie-meal price reduction, adding that any extra cost above the approved K85 per 25Kg breakfast bag is effected by retailers. And […]
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