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Business
3 Oct 2018
|
Abraham Kalito
Debt repayment may go as far as 2038 – Mwanakatwe
Finance Minister Margaret Mwanakatwe says allegations of asset takeovers by the Chinese should be treated as “hogwash,” but added that external debt repayments will go as far as 2038. And Ernst and Young tax partner […]
3 Oct 2018
|
Abraham Kalito
Govt confers with SA to restart honey exports
Ministry of Commerce, Trade and Industry Permanent Secretary Kayula Siame says government is currently in talks with South African authorities to restart exporting honey to that country following an export ban on the commodity. South […]
2 Oct 2018
|
Stuart Lisulo
Zambia’s external debt servicing costs escalate to $706m – WB
Zambia’s cost of external debt servicing has drastically risen to around US$706 million in 2017 from just US$63 million in 2013, a new World Bank report has revealed. According to the Bank’s latest Economic Brief, […]
2 Oct 2018
|
Abraham Kalito
Debt talk infuriates Mwanakatwe: Please give me a break from negative debates
Finance Minister Margaret Mwanakatwe says the 2019 budget will be mere rhetoric if it does not receive the much-needed support from Zambians because the country is in a trying period. And Mwanakatwe complained that she […]
1 Oct 2018
|
Abraham Kalito
Mwanakatwe attribute debt increase to Chinese efficiency
Finance Minister Margaret Mwanakatwe says government debt has been increasing because Chinese contractors are very efficient in service delivery, a situation she says attracts an increase in Per capita income (PCI) and puts pressure on […]
1 Oct 2018
|
Abraham Kalito
Weak kwacha could trigger increased mealie meal prices, warn millers
The kwacha’s depreciation will in the long-run negatively impact mealie meal prices, says the Millers Association of Zambia (MAZ). The kwacha has continued depreciating against major currency convertibles to breach the K12 per dollar psychological […]
28 Sep 2018
|
Abraham Kalito
Mining companies should stop holding govt to ransom, warns EAZ
The mining sector’s contribution towards Zambia’s tax revenues is insignificant and as such, it is difficult to maintain a stable fiscal policy, says Economics Association of Zambia (EAZ) president Dr Lubinda Haabazoka. And Dr Haabazoka […]
28 Sep 2018
|
Stuart Lisulo
Inflation down to 7.9%
The annual rate of inflation has reduced to 7.9 per cent, down from 8.1 per cent recorded in August, triggered by the “base effect” arising from electricity tariffs adjusted last year, according to Central Statistical […]
28 Sep 2018
|
Abraham Kalito
ERB rules out fuel price hike despite kwacha fall
The Energy Regulation (ERB) is adamant to confirm whether fuel prices would remain unchanged in the short term despite a sharp kwacha depreciation this week, which is a common price hike determinant. In an interview, […]
27 Sep 2018
|
Stuart Lisulo
Mines call for stable fiscal policy in 2019 budget
The Zambia Chamber of Mines has called on government to maintain the same mining fiscal policy for continued stability and predictability. And the Chamber has advised government to enhance indigenous ownership in the mining sector […]
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