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2 May 2019
|
Stuart Lisulo
K111 maize price isn’t exploitative – FRA
The Food Reserve Agency (FRA) says its ongoing community sales where 50Kg bags of white maize being sold to communities at K111 are not exploitative because buyers are benefiting with more mealie meal. And the […]
30 Apr 2019
|
Stuart Lisulo
Chibuyu Finance remains most expensive lender – BoZ
Chibuyu Finance Limited remains Zambia’s most expensive lender of loan facilities among the 32 non-bank financial institutions with a total effective annual interest rate of 187.5 per cent. According to a publication of charges, fees […]
29 Apr 2019
|
Sipilisiwe Ncube
Agriculture system was fraught with corruption, says Andyford
People’s Alliance for Change (PAC) president Andyford Banda says the agriculture sector in Zambia is in shambles because of lack of adequate investment from both government and the private sector. And Banda said the current […]
29 Apr 2019
|
Stuart Lisulo
Zambia records K755m trade surplus
Zambia has recorded a trade surplus of K755 million, the second highest of the year, triggered by huge exports of intermediate and consumer goods, Central Statistical Office (CSO) data shows. According to provisional CSO data, […]
29 Apr 2019
|
Mirriam Chabala
Illicit finacial flows negatively impacting Zambia’s development – Mpampi
Ministry of National Development Planning assistant director Francis Mpampi says the continued loss of resources through illicit financial flows such as tax evasion and avoidance has capacity to negatively affect the attainment of Sustainable Development […]
26 Apr 2019
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Stuart Lisulo
Mines will pay higher electricity tariffs, says Zesco
Zesco Limited managing director Victor Mundende says the power utility has made good progress in migrating electricity tariffs applicable to mining companies who have now moved to an average nine US cents from three. Speaking […]
26 Apr 2019
|
Derrick Silimina
Kwacha’s depreciation triggered by reduced dollar supply — BoZ
Bank of Zambia Governor Dr Denny Kalyalya says the kwacha’s depreciation against major currency convertibles has been triggered by reduced dollar supply from key sources within the local economy. According to financial market players, the […]
26 Apr 2019
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Stuart Lisulo
Inflation rises to 7.7%
The annual rate of inflation has increased to 7.7 per cent for April, 2019, mainly triggered by bread and cereal price increases, Central Statistical Office (CSO) data shows. Announcing Zambia’s annual rate of inflation for […]
25 Apr 2019
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Stuart Lisulo
We’re not being greedy by hiking tariffs, we need to survive – Zesco
We are not being greedy by proposing to hike electricity tariffs, but we need to cover our operational costs, says Zesco Limited’s director for strategy and corporate services Patrick Mwila. And Zesco managing director Victor […]
24 Apr 2019
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Stuart Lisulo
Debt servicing has left govt little money to meet obligations – BoZ
Government’s huge debt servicing has resulted in little money left in circulation to meet several critical obligations, Bank of Zambia (BoZ) governor Dr Denny Kalyalya has observed. And Dr Kalyalya has ruled out any possibility […]
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