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Business
2 Jan 2019
|
Stuart Lisulo
Zambia faces risks to 4% economic growth, cautions Mwanakatwe
Zambia faces downside risks to the four per cent economic growth prospects projected for this year, says Finance Minister Margaret Mwanakatwe. In a statement outlining the 2019 economic outlook, Mwanakatwe observed that the country faced […]
31 Dec 2018
|
Milimo Namangala
Austerity measures reducing available funds to industrialize economy – Siame
The Ministry of Commerce, Trade and Industry says it is still facing challenges in implementing government’s agenda in industrialising Zambia due to insufficient funding. But the Ministry says it is partnering with stakeholders to tackle […]
31 Dec 2018
|
Stuart Lisulo
Inflation up to 7.9%
The annual rate of inflation has marginally increased to 7.9 per cent, up from 7.8 per cent recorded in November, the third highest this year, according to Central Statistical Office (CSO) data. Announcing Zambia’s annual […]
31 Dec 2018
|
Stuart Lisulo
IDC appoints Zambia Airways board members
The Industrial Development Corporation (IDC) Group announced the appointment of six members of the board of directors of Zambia Airways, who include former Attorney General Bonaventure Mutale, among others, with immediate effect. In a statement […]
28 Dec 2018
|
Milimo Namangala
ZDA records reduced jobs in 2018
The Zambia Development Agency (ZDA) has recorded a projected decline in the number of jobs this year of 20,709 compared to 24,660 last year, representing a 19 per cent decrease. The Agency has, however, recorded […]
26 Dec 2018
|
Stuart Lisulo
Mining companies won’t be allowed to unjustifiably lay-off workers – Amos
President Edgar Lungu has directed all relevant government departments and Ministries to ensure mining companies are not allowed to unjustifiably lay-off workers, says Amos Chanda. And Chanda, who is President Lungu’s Special Assistant for Press […]
26 Dec 2018
|
Diggers Reporter
FQM explains job cuts
First Quantum Minerals (FQM) has announced that its subsidiary, Kansanshi Mining Plc, will downsize its operations, including implementing the planned job cuts arising from the 2019 mining fiscal regime, with full effect by April next […]
24 Dec 2018
|
Milimo Namangala
Looming BREXIT deal won’t affect Zambia-UK trade – ZACCI
The Zambia Chamber of Commerce and Industry (ZACCI) says if Britain eventually leaves the European Union (EU) next March, Zambia is not likely benefit by having increased trading opportunities with that country. British Prime Minister […]
24 Dec 2018
|
Stuart Lisulo
Govt won’t hit projected US $1.3bn in mining tax revenue – Chamber
Government will fail to hit their projected revenue target of around US $1.3 billion expected to be accrued from the new mining fiscal regime next year, according to the Zambia Chamber of Mines. And the […]
21 Dec 2018
|
Geofrey Zulu
Coca-Cola Zambia sold to Coca-Cola Beverages Africa
Africa’s largest Coca-Cola bottler, Coca-Cola Beverages Africa Proprietary Limited (CCBA), has acquired the Coca-Cola soft drinks business of Zambian Breweries Plc (Zambrew) and commenced operations. With this acquisition, the non-alcoholic ready-to-drink business of Zambrew has […]
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