MUHANYA Solar Limited managing director Geoffrey Kaila says the kwacha’s rapid depreciation against major convertible currencies, coupled with the COVID-19 pandemic, has put pressure on local businesses in Zambia. And Zambia Association of Manufactures (ZAM)

THE Bank of Zambia has warned of unprecedented economic and public health shocks resulting from the COVID-19 outbreak, although the disease’s full impact cannot be quantified at the moment. And the Central Bank has established

The Ministry of Finance has announced that it released total of K5.64 billion in March 2020, with K1.07 billion going towards domestic and external debt servicing. And the ministry further announced that K104.7 million was

AFRICAN Ministers of Finance have called for a US$100 billion emergency financing and requested debt relief from bilateral, multilateral and commercial partners including from the IMF, World Bank and the European Union amidst the COVID-19

ABSA Bank Zambia Plc has re-opened its Centro Mall Branch in Kabulonga following approval received from the Ministry of Health after it earlier closed the outlet as a precautionary measure in response to possible Coronavirus

ZESCO Limited public relations manager Hazel Zulu says the power utility will not review the load shedding schedule during the COVID-19 outbreak because it is still experiencing power generation constraints. Citizens have called on Zesco

THE kwacha’s sharp depreciation against major convertible currencies is likely to continue due to Zambia’s weak economic productivity, compounded by diminishing dollar supply, says financial market analyst Maambo Hamaundu. According to market players, the kwacha

MINES and Mineral Resources Minister Richard Musukwa says government is putting in place measures to provide relief for the mining industry but has warned mining companies not to take advantage of the current circumstances amidst

Konkola Copper Mine (KCM) provisional liquidator Milingo Lungu says the mine has put in place a contingency and business continuity plan which includes putting the mine on care and maintenance, if need arises, in the

COPPERBELT Energy Corporation (CEC) Plc says it remains totally committed to continue providing seamless power supply services to all its customers on the Copperbelt, while the pending the Bulk Supply Agreement (BSA) with Zesco Limited