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Business
5 Apr 2024
|
Philip Chisalu
Delay in restoring power after load shedding due to unforeseen challenges – Zesco
ZESCO has attributed the delay in restoring power in some areas after load-shedding to unforeseen technical challenges, among other factors. And Zesco says it will conduct a review of the performance of the staggered load-shedding... […]
5 Apr 2024
|
Philip Chisalu
Investrust has been problematic, it got into serious issues during PF – Musokotwane
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says Investrust Bank PLC has been quite problematic, noting that it got into serious problems during the Patriotic Front’s tenure. And Dr Musokotwane has reassured those who... […]
5 Apr 2024
|
Philip Chisalu
Govt’s decision to secure procurement of cheaper fuel excites OMCAZ
OIL Marketing Companies Association of Zambia (OMCAZ) president Kafula Mubanga has welcomed government’s decision to secure the procurement of petroleum products for the month of May 2024, which are K7 less in fuel pump price.... […]
4 Apr 2024
|
Philip Chisalu
Govt must relax taxes – Banda
FORMER Kasenengwa PF MP Sensio Banda says he doesn’t expect government to further burden citizens with taxes in the 2025 national budget. Banda has encouraged citizens and other stakeholders to ensure that they participate in... […]
4 Apr 2024
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Philip Chisalu
Bondholders have written off $840m says Nkulukusa as govt unpacks agreement contents
SECRETARY to the Treasury Felix Nkulukusa has unpacked some of the contents of the debt restructuring agreements, revealing that official creditors have not given any hair cut while the bondholders have written off $840 million.... […]
4 Apr 2024
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Ulande Nkomesha
AG reveals how Tazama failed to collect K344m debt from OMCs
THE Auditor General’s Special Report on the procurement of petroleum products from 2019 to 2021 has revealed that Tazama Petroleum Products Limited (TPPL) failed to recover a debt totaling K344, 513, 942 from seven Oil... […]
3 Apr 2024
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Ulande Nkomesha
LuSE halts trading in Investrust Bank securities
THE Lusaka Securities Exchange (LuSE) has halted trading in the securities of Investrust Bank PLC on all its platforms. On Tuesday, the Bank of Zambia (BOZ) announced that it had taken possession of Investrust Bank... […]
3 Apr 2024
|
Mazombwe Banda
Hybrid moves to boost poultry production in rural areas
HYBRID Poultry Farm Zambia (HPF) Limited has officially launched African Poultry Multiplication Initiative (APMI) in partnership with World Poultry Foundation (WPF) which is aimed at training and providing technical know-how on poultry management in the... […]
2 Apr 2024
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Philip Chisalu
BoZ takes over Investrust due to insolvency
THE Bank of Zambia (BOZ) says it has taken possession of Investrust Bank PLC with effect from Tuesday April 2, 2024. In a statement, Tuesday, BOZ explained that the possession of the bank had been... […]
2 Apr 2024
|
Philip Chisalu
Fuel still too expensive despite ERB maintaining prices – BTOAZ
THE Buses and Taxi Owners Association of Zambia (BTOAZ) says it’s good that the Energy Regulation Board (ERB) has maintained fuel prices but insists that current prices are still too high. On Sunday, ERB announced... […]
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