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Business
20 Mar 2019
|
Stuart Lisulo
Zambia’s external debt breaches 40% GDP threshold
Zambia’s external debt of over US $10 billion has breached the internationally-acceptable threshold of 40 per cent relative to Gross Domestic Product (GDP), data shows. And the Zambia Institute for Policy Analysis and Research (ZIPAR) […]
20 Mar 2019
|
Stuart Lisulo
Real Estate Investments Plc profits drop due to declining rental income
Real Estate Investments Zambia Plc (REIZ) posted reduced profits after tax of K2.8 million during its 2018 financial year down from K25 million recorded in 2017, triggered by a decline in rental income, data shows. […]
20 Mar 2019
|
Stuart Lisulo
Minister rebukes dysfunctional Tourism board, but chair questions poor funding
Minister of Tourism and Arts Charles Banda has scolded the Zambia Tourism Agency (ZTA) for failing to avail him with sufficient information on relevant matters relating to the sector. But ZTA board chairperson Peter Jones […]
20 Mar 2019
|
John Chola
Women’s contribution to private sector growth starts with education – Musunka
A notable number of Zambian female role models working in largely male-dominated economic sectors have urgently called for enhanced women empowerment. The women, brought together by the Private Enterprise Programme (PEP) Zambia, have also reminded […]
20 Mar 2019
|
Diggers Correspondent
Cyclone Idai has compromised SADC region’s energy security – EFZ
Cyclone Idai, a tropical storm that ravaged through Mozambique in recent days, has compromised energy security in the SADC region, says Energy Forum Zambia (EFZ). Cyclone Idai hit Mozambique, a coastal country, leaving around 1,000 […]
18 Mar 2019
|
Stuart Lisulo
Daewoo halts Kazungula Bridge construction after Zambia fails to pay
Korean Multinational Corporation Daewoo Engineering and Construction has announced that has ceased its construction of the Kazungula Bridge on Monday due to lack of funds paid by the Zambian government. In an internal memo issued […]
15 Mar 2019
|
Thomas Mulenga
Uncontrolled appetite for road construction has contributed to debt distress – Saasa
Economist Professor Oliver Saasa says there is nothing that government is doing to address the swelling external debt that now stands at US$10.05 billion. And Professor Saasa says government’s failure to get the IMF bailout […]
14 Mar 2019
|
Daniel Chansa
KCM cuts operations, suspends workforce
Konkola Copper Mines has shut down operations at number 1 shaft, which was being mined by Master Mine Services, saying the company had failed to source for funds to pay workers. KCM has since written […]
14 Mar 2019
|
Daniel Chansa in Ndola
Mwakalombe orders security wings to curb illegal mealie meal export
Copperbelt Minister Japhen Mwakalombe has ordered security wings to impound trucks that are transporting maize and mealie meal without export permits. In an interview, Mwakalombe said the lifting of ban to export mealie meal was […]
14 Mar 2019
|
Mirriam Chabala
Poor tax compliance in Africa worries Mutati
Movement for Multi-party Democracy (MMD) faction leader Felix Mutati has urged African governments to devise methods that will make payment of tax more persuasive. According to statement from Mutati’s press office, the former Finance Minister […]
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