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Business
19 May 2019
|
Sipilisiwe Ncube
World Bank approves US$100m to boost natural resource management
The World Bank Board of Directors has approved an International Development Association (IDA) credit of US$100 million for Zambia to improve natural resource management in selected districts. In a statement, World Bank Zambia country manager […]
17 May 2019
|
Stuart Lisulo
Kwacha hits K14 per dollar
The kwacha continued to depreciate sharply against major currency convertibles to sink and crash through the K14.00 per dollar psychological barrier, the weakest since November, 2015. According to financial market players, the kwacha has maintained […]
17 May 2019
|
Stuart Lisulo
Sales Tax will shut down businesses, warns Mutati
Zambian small-scale businesses are all going to shut down following the implementation of the controversial Sales Tax after next month, former Finance Minister Felix Mutati has warned. And Mutati has called on government to defer […]
16 May 2019
|
Thomas Mulenga
Lungu keeps rejecting professional advice on how to fix economy – Saasa
Renowned economist Professor Oliver Saasa says his several attempts to reach out to President Edgar Lungu and render professional advice on how to fix the country’s economic crisis have failed. And Professor Saasa says domestic […]
15 May 2019
|
Stuart Lisulo
MTN launches ‘Ka Toffee’ smart phone at K275
MTN Zambia has launched a new smart feature phone powered by KaIOS software, a web-based mobile operating system, that holds all the sought-after services at a price of just K275. Speaking during the official rollout […]
14 May 2019
|
Stuart Lisulo
VAT needs to go, mines have been swindling govt for 17 years – Chanda
Zambia Revenue Authority (ZRA) Commissioner General Kingsley Chanda says the Value Added Tax (VAT) system has made it easy for companies to declare losses and swindle government for 17 years, hence denying the country a […]
14 May 2019
|
Stuart Lisulo
Govt to exempt copper concentrates from Sales Tax
A grand total of 1,379 inputs have been designated to be exempted from the impending Sales Tax from July 1, 2019, including, among others, copper ores, concentrates and petroleum bitumen. And the last date for […]
13 May 2019
|
Stuart Lisulo
Mwanakatwe orders MoF officials to quickly release economic data, as media expose govt inertia
Finance Minister Margaret Mwanakatwe says she is not worried about the prospect of Zambia defaulting on the imminent single-bullet repayment of the US $750 million Eurobond, which matures in 2022. And Mwanakatwe has directed Ministry […]
13 May 2019
|
Mirriam Chabala
Protests against vedanta justified, KCM has failed – govt
Mines Minister Richard Musukwa says protesting residents of Chiliabombwe and Chingola are justified to ask KCM under Vendetta minerals to go, charging that the once mining giant of Copperbelt has failed to operationalise its investment. […]
13 May 2019
|
Stuart Lisulo
Zambia’s gross reserves continue dropping to $1.4bn
Zambia’s gross international reserves have continued to drop to below US $1.5 billion, a historic 10-year low, triggered by government’s huge external debt servicing commitments, Ministry of Finance data reveals. But Finance Minister Margaret Mwanakatwe […]
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