ECONOMIST Trevor Hambayi says the country cannot maintain stability of the exchange rate without a clear roadmap on dismantling debt. And Hambayi says despite the local currency recording some gains in the recent past, the business community is hesitant to reduce prices of commodities because of fluctuations. In an interview, Hambayi said stability would only...

DEVELOPMENT Bank of Zambia board chairperson Noel Nkoma says the Bank has in the last few months recovered K300 million out of a loan book of about K1.4 billion. And Nkoma says there was political interference in the operations of the Bank, which made it difficult to operate effectively. Speaking when he featured on ZNBC's...

ECONOMIST Chibamba Kanyama says he is surprised that the country is almost attaining a single-digit inflation rate amid high fuel prices. But Economics Association of Zambia (EAZ) Interim National Secretary Gibson Masumbu says citizens are enjoying the benefits of reduced inflation because prices of commodities are not increasing at a higher pace. The annual inflation...

MINISTER of Transport and Logistics Frank Tayali says over a billion dollars is needed to make the railway sector viable in Zambia. In an interview, Wednesday, Tayali said the railway system still had the potential to play its economic role in revamping Zambia's economy. "We acknowledge that the track that the company is currently operating...

BUSES and Taxi Drivers Association of Zambia National Secretary Sydney Mbewe says he does not anticipate any reduction in bus fares following the recent fuel price review. On Saturday last week, the Energy Regulation Board (ERB) reduced fuel pump prices by K2.35 per litre for petrol, K0.58 per litre for diesel and K0.56 per litre...

THE Energy Regulation Board (ERB) has reduced fuel pump prices by K2.35 per litre for petrol, K0.58 per litre for diesel and K0.56 per litre for kerosene. The price changes will take effect at midnight. Addressing the media, Saturday, ERB board chairperson Reynolds Bowa attributed the reduction to the recent trends in international oil prices...

ZAMBIA and the Democratic Republic of Congo have signed cooperating agreements which will see the two countries venture into electric battery manufacturing. President Hakainde Hichilema has described the agreements as the right way of fighting poverty through the creation of jobs and business opportunities. And Democratic Republic of Congo President Felix Tshisekedi says the agreements...

ZAMBIA Chamber of Commerce and Industry president Chabuka Kawesha says there is need to find a solution to the high cost of capital in order to see a diversified manufacturing sector and increased investment. In an interview, Kawesha said all players must get involved in order to grow the economy. “For as long as all...

MINISTER of Commerce, Trade and Industry Chipoka Mulenga says it is high time the world began to buy finished copper products from Zambia. In an interview, Thursday, Mulenga said it was for this reason that Congo DR President Félix Tshisekedi's visit was vital, so that the two countries could sign an MoU to set up...

SMALL Scale Farmers Development Agency (SAFADA) director Boyd Moobwe says the Food Reserve Agency (FRA) should offer a competitive price, higher than briefcase buyers, during this year’s crop marketing season to ensure national food security. On Wednesday, FRA announced that this year's crop marketing season would commence on June 1 and close on October 31,...