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Business
30 Jul 2018
|
Stuart Lisulo
AfDB warns of increased crop losses due to armyworms
The fall armyworm that has ravaged crop productivity in Africa will lead to increased losses worth billions of dollars if not quickly tackled, the African Development Bank (AfDB) has warned. And Agriculture Minister Michael Katambo […]
30 Jul 2018
|
Stuart Lisulo
K70 still too low for maize price – ZNFU
The Food Reserve Agency’s (FRA) revised maize purchase price of K70 per 50Kg bag for this year’s crop marketing season equates to nothing for farmers, says development expert Dr Frank Kayula. And the Zambia National […]
30 Jul 2018
|
Stuart Lisulo
CEC signs contact to supply 78MW to DRC
The Copperbelt Energy Corporation Plc has signed a long-term contract to supply up to 78 megawatts (MW) of electricity to Metalkol SA, a major cobalt and copper tailings reprocessing operation in the Democratic Republic of […]
30 Jul 2018
|
Stuart Lisulo
Zambia in K1.6 billion trade deficit
Zambia has recorded the third trade deficit of the year at K1.6 billion, according to Central Statistical Office data. According to provisional CSO data, Zambia has sustained a massive trade deficit in June this year, […]
29 Jul 2018
|
Diggers Reporter
Lungu begs Turkey for Eurobond funding
A Turkish company has expressed interest in refinancing Zambia’s $750 million Eurobond falling due in 2022, President Edgar Lungu said on Saturday during talks with Turkey’s President Tayyip Erdogan. Government, whose credit rating was downgraded […]
27 Jul 2018
|
Stuart Lisulo
FRA adjusts maize price to K70
The Food Reserve Agency has revised upwards its maize purchase price of K65 per 50Kg bag for this year’s crop marketing season to K70, representing an increment of only K5. According to a press release […]
27 Jul 2018
|
Mirriam Chabala
Zanaco revamps 7 branches to boost service delivery
ZANACO managing director Henk Mulder says the bank is investing significant resources in the refurbishment of its branches in order to enhance service delivery and to build a more customer-centric culture at the bank. Speaking […]
27 Jul 2018
|
Abraham Kalito
Crop marketing has totally failed in Zambia – CSPR
The Civil Society for Poverty Reduction (CSPR) has observed that crop marketing, specifically maize marketing, has completely failed in Zambia. And CSPR says the policy reversal on the maize purchasing price reinforces the fact that […]
27 Jul 2018
|
Stuart Lisulo
Zambia’s economic outlook negative – Fitch
Fitch Ratings has affirmed Zambia’s credit rating at ‘B’, but with a negative economic outlook, mainly triggered by continued uncertainty about the government’s commitment to consolidate public finances and a high public debt burden. In […]
27 Jul 2018
|
Stuart Lisulo
Inflation shoots back to 7.8%
The annual rate of inflation has again shot up to 7.8 per cent, from 7.4 per cent recorded in June, according to Central Statistical Office data. Announcing Zambia’s annual rate of inflation for the month […]
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