Business

2 Oct 2019 | Natasha Sakala

Zambia walking a tight rope – PwC

Pricewaterhouse Coopers (PwC) says the country is walking a tight rope with its huge debts, public sector wage bill and effects of climate change on the economy. And PwC has noted that the country’s public […]

1 Oct 2019 | Ulande Nkomesha

Zambia’s hunger crisis will worsen, fears CSPR

The Civil Society for Poverty Reduction (CSPR) says Zambia’s hunger situation could worsen as the country enters the forthcoming rainy season because farmers have not grown a sufficient amount of food. Both the United Nations […]

1 Oct 2019 | Sipilisiwe Ncube

Govt has set aside funds for DBZ restructuring – Lungu

President Edgar Lungu says government has set aside funds to restructure the Development Bank of Zambia (DBZ) as well as for supporting the sub-regional Centre’s programmes. And President Lungu has assured the Sustainable Development Goals […]

1 Oct 2019 | Sipilisiwe Ncube

Chamber of Mines lauds govt for withdrawing Sales Tax

Zambia Chamber of Mines president Goodwill Mateyo has commended government for realizing the devastating effects of the Goods and Services Tax (GST) had it been implemented. Last Friday, Finance Minister Dr Bwalya Ng’andu announced that […]

1 Oct 2019 | Natasha Sakala

I scrapped sales tax because I felt I didn’t own it – Ng’andu

Finance Minister Dr Bwalya Ng’andu has disclosed that his decision to discard the Goods and Services Tax (GST) proposed by his predecessor Margaret Mwanakatwe was because he felt he “did not own it”. And the […]

1 Oct 2019 | Ulande Nkomesha

Double-digit inflation will raise cost of living – ZIPAR

Zambia’s escalating annual rate of inflation to 10.5 per cent in the month of September will continue to lead to increased cost of living, which would also erode consumers’ purchasing power, says the Zambia Institute […]

27 Sep 2019 | Natasha Sakala

Govt to unveil K91bn 2020 budget

Government is expected to roll out a K91 billion national budget next year, representing 27.5 per cent of Gross Domestic Product (GDP), to be supported by increased tax revenues amounting to around K6 billion more […]

26 Sep 2019 | Diggers Correspondent

FQM dismisses China’s Jiangxi takeover bid speculation

First Quantum Minerals (FQM) has dismissed assertions that it is engaged in discussions for a takeover bid or other change of control transaction with Jiangxi Coper Company of China. The mining company, nevertheless, says it […]

26 Sep 2019 | Ulande Nkomesha

2020 budget likely to reflect increased public debt, says Kanyama

Economist Chibamba Kanyama says he expects an increase in the amount of public debt reflected in the 2020 national budget given the rising number of projects that government has contracted, but without ready funds for […]

25 Sep 2019 | Natasha Sakala

Hiked electricity tariffs, power import may not reduce load shedding – Zesco

Zesco Limited acting managing director Webster Musonda says consumers should not expect a reduction in the number of load shedding hours despite the imminent importation of power worth 300MW from Eskom, South Africa And company […]

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