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Business
24 Aug 2018
|
Abraham Kalito
Zambian’s have been paying double taxes all along – CUTS
Zambians have been paying doubles taxes before the 30 ngwee charge on Internet calls was introduced because government has failed to provide adequate services to meet citizens’ needs, says the Consumer Unity and Trust Society […]
24 Aug 2018
|
Stuart Lisulo
If banks don’t shape up, others will take over – Kalyalya
By Stuart Lisulo Commercial banks must innovate to stay abreast of technological developments happening in the financial market or they will cease to exist, says Bank of Zambia governor Dr Denny Kalyalya. And Dr Kalyalya […]
23 Aug 2018
|
Abraham Kalito
Kwacha depreciation triggered by US Fed interest rate hike – Hamaundu
The kwacha’s depreciation in recent days has been triggered by the strengthening of the US dollar against other emerging market currencies, says financial market analyst Mambo Hamaundu. The kwacha has continued depreciating against major currency […]
22 Aug 2018
|
Abraham Kalito
Railway SI on bulk cargo has boosted Zambia Railways – Mushimba
Zambia Railways Limited has grown its business by 22 per cent in five months owing to the Statutory Instrument (SI) on heavy cargo, says Transport and Communications Minister Brian Mushimba. And Mushimba says Zambia Airways […]
22 Aug 2018
|
Stuart Lisulo
Many taxpayers are evasive – ZRA
The Zambia Revenue Authority has disclosed that many taxpayers continue to be evasive when reporting to Customs and to Domestic Tax on comparable transactions. In a statement, ZRA commissioner-general Kingsley Chanda revealed that results following […]
22 Aug 2018
|
Stuart Lisulo
BoZ maintains Monetary Policy Rate at 9.75%
The Bank of Zambia has maintained the same Monetary Policy Rate and Statutory Reserve Ratio again in a bid to induce lower interest rates and revive economic growth. Speaking during a media briefing in Lusaka, […]
21 Aug 2018
|
Stuart Lisulo
Chibuyu Finance most expensive lender – BoZ
Chibuyu Finance Limited has been found to be the most expensive lender of loan facilities among the 33 non-bank financial institutions with a total effective annual interest rate of 262 per cent. According to a […]
20 Aug 2018
|
Diggers Reporter
Tourism minister woos cooperating partners
There is unrealised potential among craftspeople in Zambia, says British High Commissioner to Zambia Fergus Cochrane-Dyet. Speaking during a meeting with Tourism and Arts Minister Charles Banda at Ministry’s head office in Lusaka, Friday, High […]
16 Aug 2018
|
Stuart Lisulo
Don’t introduce taxes to finance supplementary budget – Magande
Former Finance Minister Ng’andu Magande says the recently-approved supplementary budget may have an adverse impact on the economy if government intends on raising taxes to finance it. And Magande has observed that Zambia’s current economic […]
15 Aug 2018
|
Abraham Kalito
Low maize prices have demoralised farmers, says SAFADA
The continuous low maize prices on the local market has demoralised farmers from cultivating the commodity because it costs more to produce, says Small-Scale Farmers Development Agency (SAFADA) executive director Boyd Moobwe. And Moobwe says […]
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