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Business
2 Apr 2024
|
Philip Chisalu
Damage of load-shedding still there despite splitting hours – ZACA
ZAMBIA Consumer Association (ZACA) Executive Secretary Juba Sakala says despite Zesco implementing a staggered eight-hour daily load shedding programme for Lusaka, the damage caused by power outages is still being felt by consumers. On Sunday,... […]
2 Apr 2024
|
Philip Chisalu
Govt commences 2025 budget preps
GOVERNMENT has commenced preparations for the 2025 National Budget and the 2025-2027 Medium Term Budget Plan (MTBP). In a statement, Monday, Secretary to Treasury Felix Nkulukusa stated that to facilitate inclusive and transparent budget preparations,... […]
2 Apr 2024
|
Mwiche Nalwimba
We must have a marshall plan for our economy – Saasa
ECONOMIST Professor Oliver Saasa says debt restructuring was an important precondition to unlocking Zambia’s economy, but the country now needs a marshall plan in order to solve its current challenges. Meanwhile, Pricewater Coopers (PwC) Country... […]
2 Apr 2024
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Philip Chisalu
Musokotwane says debt deal won’t end economic challenges
FINANCE and National Planning Minister Situmbeko Musokotwane says the debt restructuring deal has not marked the end of the country’s economic challenges but has given it an opportunity to reorganise itself. Dr Musokotwane has wondered... […]
2 Apr 2024
|
Angela Muchinshi
Kapala explains petroleum procurement irregularities cited by AG: “It’s legacy debt”
ENERGY Minister Peter Kapala says government withdrew from actively participating in the procurement of petroleum products due to legacy debt. The Auditor General’s Special Report highlighted financial irregularities amounting to K483,274,318 and US$1,396,111,768 in the... […]
1 Apr 2024
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Philip Chisalu
Govt must explain debt restructuring deal without emotions – Haabazoka
ECONOMIST Lubinda Haabazoka says government must explain to citizens the meaning of the debt restructuring deal without emotions. In an interview, Dr Haabazoka said this was important because after a year, people would get back... […]
1 Apr 2024
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Ulande Nkomesha
Govt paid $34.4m damages to a company that supplied contaminated commingled oil – AG
THE Auditor General’s Special Report on the procurement of petroleum products from 2019 to 2021 has revealed that government paid damages amounting to $34.4 million to a company which supplied contaminated commingled oil. And the... […]
31 Mar 2024
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Mwiche Nalwimba
ZESCO implements staggered load shedding in Lsk
ZESCO has announced that it will implement a staggered eight-hour daily load shedding programme for residential areas in Lusaka, effective April 1, 2024. In a statement, Sunday, ZESCO spokesperson Matongo Maumbi stated that each area... […]
31 Mar 2024
|
Philip Chisalu
CSO Debt Alliance urges govt to operationalise sinking fund
THE CSO Debt Alliance has implored government to enhance domestic revenue mobilisation efforts, prioritise prudent fiscal management and operationalise the sinking fund to ensure long-term stability as the country prepares to resume its debt repayment... […]
29 Mar 2024
|
Philip Chisalu
Copper production has declined due to policy inconsistencies – PwC
PRICEWATER Coopers (PwC) Country Senior Partner, Andrew Chibuye, says according to his firm’s tabulations, the country had 33 changes in the mining tax policy between 2008 and 2021/2022. Speaking on Diamond TV’s “This Day” programme... […]
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