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Business
25 Oct 2018
|
Abraham Kalito
SMEs struggling due to poor corporate governance – Mwanakatwe
Finance Minister Margaret Mwanakatwe says Small and Medium Enterprises (SMEs) are struggling to grow due to lack of access to affordable long-term credit, inadequate and poor record-keeping, and corporate governance. Speaking during the official opening […]
24 Oct 2018
|
Abraham Kalito
Mwanakatwe officially opens Zambia Industrial Commercial Bank
Finance Minister Margaret Mwanakatwe says Small and Medium Enterprises (SMEs) are struggling to grow due to lack of access to affordable long-term credit, inadequate and poor record-keeping, and corporate governance. Speaking during the official opening […]
23 Oct 2018
|
Abraham Kalito
Fuel price hike has made local manufacturing industry uncompetitive – ZAM
Zambia Association of Manufacturers president Rosetta Chabala says the industry is slowly becoming uncompetitive in the sub-Saharan region following the increase in the cost of production caused by continuous fuel price increment. And Chabala says […]
23 Oct 2018
|
Stuart Lisulo
Employees expose fraud at ZRA, implicate Commissioner General
The Zambia Revenue Authority (ZRA) has allegedly been fraudulently misreporting its revenue collection targets and using the VAT Refund Account to prop-up its position, a whistleblower letter sent to the Ministry of Finance has revealed. […]
19 Oct 2018
|
Zondiwe Mbewe
Maggy closes budget debate, defends increased debt service allocation
Minister of Finance Margaret Mwanakatwe has insisted that the PF government shall not default on any of its debt obligations, adding that to every debt that is being repaid today, a school, health facility, road […]
19 Oct 2018
|
Abraham Kalito
KPMG warns against Sales Tax implementation
KPMG, the globally-renowned audit, tax and advisory services firm, has warned that government’s insistence to introduce Sales Tax next April will create uncertainty in the Zambian economy, which would be very injurious to business. And […]
18 Oct 2018
|
Stuart Lisulo
IMF team expected to re-engage Zambian govt next month – WB
An International Monetary Fund (IMF) team is expected in the country to meet with the Zambian government next month and resume discussions on the country’s deteriorating economy, according to high-level World Bank official. Speaking when […]
18 Oct 2018
|
Abraham Kalito
Farmers are shunning FRA in favour of private buyers, says Katambo
Agriculture Minister Michael Katambo says the Food Reserve Agency (FRA) has failed to purchase the targeted 500,000 metric tonnes of maize because farmers have opted to sell their produce to alternative buyers who are offering […]
18 Oct 2018
|
Abraham Kalito
Zambian entrepreneurs need greater financial literacy to grow economy – WB
World Bank Group lead financial specialist Luz Maria Salamina has cited lack of financial literacy across the country as one major hindrance to sustainable economic growth. In an interview, Salamina said Small and Medium Enterprises […]
17 Oct 2018
|
Stuart Lisulo
Mining tax proposals will hurt mineral exploration – AZMEC
Government’s tax change proposals as contained in the 2019 national budget will dampen prospects of attracting much-needed investment in mineral exploration, says the Association of Zambian Mineral Exploration Companies (AZMEC). Reacting to the 2019 budget, […]
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