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Business
26 Sep 2018
|
Sipilisiwe Ncube
TAZARA, DCG to develop dry port in Kapiri Mposhi
The Dar-es-Salaam Corridor Group (DCG) and the Tanzania-Zambia Railway Authority (TAZARA) have entered into a partnership agreement to develop a dry port at the terminal end of TAZARA in Kapiri Mposhi. In a statement, TAZARA […]
26 Sep 2018
|
Stuart Lisulo
Illegal fuel dumping costing Zambia $81m a year – ERB
Illegal fuel dumping and adulteration in Zambia is costing government an estimated US $81 million in lost revenues per annum, according to the Energy Regulation Board (ERB). In a statement, ERB executive director Langiwe Lungu […]
26 Sep 2018
|
Stuart Lisulo
Ferngroove secures $30 million to boost local agro-processing
Ferngroove BC, a Lusaka-based investment advisory firm, has secured up to US $30 million funding targeted at boosting the agro-processing sector in Zambia. According to a press release issued, Tuesday, Ferngroove BC Chairman, Conrad Gomani […]
25 Sep 2018
|
Stuart Lisulo
Mayfair Insurance hits K100m in premiums
MAYFAIR Insurance Zambia has posted huge gross written premiums of K100 million in 2017 from the K3 million recorded at inception in 2010. In a statement, Mayfair Insurance posted a massive growth in written premiums […]
25 Sep 2018
|
Stuart Lisulo
Kwacha hits 12 per dollar, as greenback gets scarce
The kwacha has continued depreciating against major currency convertibles to breach the K12 per dollar psychological barrier for the first time since October, 2015. And dollars are currently scarce on the local financial market, further […]
25 Sep 2018
|
Abraham Kalito
Cheap imported dairy products killing Zambian sector – DAZ
The Diary Association of Zambia (DAZ) says bulky imports of cheap milk and milk products from neighbouring countries has brought unfair competition and subsequently hindered the ultimate growth of the industry in the country. DAZ […]
24 Sep 2018
|
Stuart Lisulo
Airports Corporation posts 28% surge in domestic passenger movements
Zambia Airports Corporation Limited (ZACL) has recorded a 28 per cent increase in domestic passenger movements in the second quarter of 2018, triggered by reduced air fares, among others. And ZACL says the introduction of […]
24 Sep 2018
|
Stuart Lisulo
World Bank downgrades Zambia’s GDP growth to 3.3%
The World Bank has revised Zambia’s real GDP growth projection for 2018 downwards to 3.3 per cent, down from 4.3 per cent, triggered by dampened agricultural activity, among other factors. And World Bank country manager […]
20 Sep 2018
|
Stuart Lisulo
Kwacha hits K11 per dollar
The kwacha has depreciated against major currency convertibles to breach the K11 per dollar psychological barrier for the first time since April, 2016. And FNB Zambia says there is a sense of panic in the […]
17 Sep 2018
|
Zondiwe Mbewe
Cassava Brown Disease breaks out in 3 provinces
Cassava Brown Streak Disease has broken out in Western, Northern and Luapula provinces presenting a major threat to crop productivity in the three areas of the country, Agriculture Minister Michael Katambo has disclosed. Speaking during […]
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HH dissolved ACC board to protect Muchende – Sishuwa
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