Business

PHASE one of the Consolidated Gold Company Limited (CGCZ) gold processing project in Rufunsa District has commenced, which will see the establishment of 10 milling plants to produce an average of 7.5Kg of gold per […]

COMMERCIAL banks have not been given risk-free financing from the Bank of Zambia’s K10 billion Medium-term Loan Facility, hence the need for them to still demand collateral from prospective borrowers, says the Bankers’ Association of […]

FORMER Finance Minister Felix Mutati says the entire 2020 budget needs to be re-worked to provide clarity to the nation regrading what is achievable this year given the huge expected government revenue shortfall amid COVID-19. […]

FINANCIAL Sector Deepening Zambia Limited (FSD Zambia) has advised savings groups to consider holding digitized meetings where members send savings, loans and social funds through Mobile Money platforms or other virtual means to avoid spreading […]

MINING companies operating in Zambia have increasingly become more desperate because they lack a robust stimulus package to continue functioning sustainably in the country’s deteriorating economy, the Chamber of Mines has warned. And the Chamber […]

PRESIDENT Edgar Lungu says he will engage Minister of Health Dr Chitalu Chilufya to begin unlocking some sectors of the economy, even if it means the continued wearing of face masks, as the country continues […]

ZESCO Limited has reverted to the 12 hours per day load shedding schedule after 10 days of 15 hours of load management following the restoration of 132MW back into the national grid. In a statement, […]

FINANCE Minister Dr Bwalya Ng’andu has refuted claims that government is considering giving away Mopani Copper Mines Plc in exchange for wiping out Chinese debt. According to an article published in the Wall Street Journal […]

Finance Minister Dr Bwalya Ng’andu has estimated that Zambia’s budgeted revenue will fall short of target by at least K14.8 billion, which is 19.7 per cent of the approved 2020 budget. And Ng’andu says Zambia’s […]

THE Zambia National Farmers Union (ZNFU) has called on farmers to be patient and wait for the marketing season for them to take advantage of the ready regional market that is in need of food. […]