LAWRENCE Sikutwa & Associates Limited (LSA) and ZFI Holdings Limited (ZFI), the two largest shareholders in Madison Financial Services (MFS), have separately executed Share Purchase Agreements (SPAs) with XYLEM Trading (Pty) Limited (XTL), relinquishing their

THE Bank of Zambia (BoZ) has commenced accumulation of gold as part of the official international reserves assets following the purchase of 47 kilogrammes of Dore gold from Zambia Gold Company Limited. In a statement,

COPPERBELT Energy Corporation (CEC) chief executive officer Owen Silavwe says the rise in the copper prices and rolling back of the COVID-19 pandemic provides an opportunity for an improvement in the mining business environment, which

ZESCO corporate affairs manager Dr John Kunda says the utility company is systematically ending load shedding by reducing the hours of power rationing. In July last year, the utility company announced that it would completely

NATIONAL Development Planning Minister Alexander Chiteme says a number of projects around Zambia have experienced slower implementation due to low funding caused by reduced fiscal space. Speaking during the end of year press briefing in

THE annual rate of inflation has again increased to 19.2 per cent in December, up from 17.4 per cent recorded in November, mainly induced by huge price increases in food items, the highest on record

Financial analyst Mambo Hamaundu says as long as commitment toward implementation of the Economic Recovery Plan (ERP), there is very little that can be done to strengthen the Kwacha against the major convertibles. In an

ENERGY Regulation Board (ERB) director general Langiwe Lungu says progress on the Cost of Service Study has stalled due to COVID-19, with the appointed consultant having completed only three tasks out of the required 12.

ZICTA has awarded Airtel Networks Zambia Limited a 20 MHz radio spectrum in the 800 MHz frequency band at a cost of US $12.5 million in a move set to boost the telecommunications company’s 5G

ECONOMIST Professor Oliver Saasa says the recently launched Economic Recovery Programme will end up like the much acclaimed Zambia plus program if there is no commitment from government in ensuring that the plan is implemented.