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Business
30 Aug 2018
|
Mukosha Funga Njenga
CEC switches off power at KCM for failure to settle electricity bill
The Copperbelt Energy Corporation (CEC) has started restricting electricity supply to at least two Konkola Copper Mines (KCM) transformers in Chingola, leaving only the Nchanga transformer which is also expected to be switched off once […]
29 Aug 2018
|
Mirriam Chabala
EAZ warns Zambia will pay higher interest due to credit rating downgrade
Zambia will now be paying higher interest rates when borrowing following the downgrading of its credit rating from B to B – by the Standard & Poor’s Ratings, economist Dr Lubinda Haabazoka has warned. And […]
29 Aug 2018
|
Stuart Lisulo
CTPD demands reversal of 30 ngwee Internet calling charges
Government’s decision to charge mobile phone subscribers a 30 ngwee per day tariff on Internet calls should be reversed because it is misguided, says the Centre for Trade Policy and Development (CTPD). In a statement […]
29 Aug 2018
|
Stuart Lisulo
Zambia’s bonds are the world’s worst – Bloomberg
Zambia’s Eurobonds have lost value of 10 per cent this month alone, more than any of the 75 countries in the Bloomberg Barclays Emerging Markets USD Sovereign Bond Index. According to Bloomberg, these losses have […]
28 Aug 2018
|
Abraham Kalito
CSPR welcomes BoZ abolishment of unwarranted bank charges
Civil Society for Poverty Reduction (CSPR) Executive Director Patrick Nshindano has observed that financial institutions have failed to effectively provide affordable financial services and manage customer deposits. Nshindano made the comment in the wake of […]
27 Aug 2018
|
Abraham Kalito
We don’t know who will pay the 30 ngwee yet – ZICTA
Zambia Information and Communications Technology Authority (ZICTA) public relations officer Hanford Chaaba says the authority does not know yet who is supposed to pay user charges on Internet calls because the Statutory Instrument (SI) has […]
27 Aug 2018
|
Stuart Lisulo
Zamtel welcomes 30 ngwee Internet tariffs, won’t hike data pricing
Zamtel Plc says pricing on its data bundles will not be increased despite government’s move to charge a 30 ngwee per day tariff on Internet calls. And Zamtel has welcomed the Statutory Instrument (SI) that […]
27 Aug 2018
|
Joseph Mwenda
Govt demanded removal of IMF representative, sources reveal
The withdrawal of the International Monetary Fund (IMF) representative from Zambia may attract consequences, well placed sources have told News Diggers! In July, the IMF revealed that talks on Zambia’s economic bailout package, widely expected […]
27 Aug 2018
|
Stuart Lisulo
Standard & Poor downgrades Zambia’s credit rating to B –
Standard & Poor’s Global Ratings has downgraded Zambia’s long-term foreign and local currency sovereign credit ratings from B to B -, reflecting the country’s faster debt accumulation and higher fiscal deficits. And S&P, the globally-renowned […]
24 Aug 2018
|
Abraham Kalito
BoZ to abolish unwarranted bank charges
The Bank of Zambia (BoZ) has announced that it has completed phase one of a review of unwarranted charges by commercial banks, which look set to be abolished. And Economics Association of Zambia (EAZ) president […]
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