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Business
18 Jul 2018
|
Abraham Kalito
Late loan repayments preventing interest rate reduction – Barclays
Barclays Bank Zambia managing director Mizinga Melu says the bank cannot reduce interest rates as fast as customers would want because the Non-Performing Loans (NPL) ratio remains high. Melu explained that while there was reason […]
17 Jul 2018
|
Abraham Kalito
IMF still doubts govt’s commitment to economic programme – Chibamba
The International Monetary Fund’s (IMF) suspension of Zambia’s economic bailout package implies that the Fund is still not confident with Zambia’s commitment to the programme, economist Chibamba Kanyama has observed. And Kanyama, the Bridges Limited […]
16 Jul 2018
|
Abraham Kalito
TBZ promises 500, 000 new jobs under diversification agenda
Tobacco Board of Zambia (TBZ) executive Director James Kasongo says the industry will employ more than a million Zambians by 2020, owing to the investments currently taking place in the sector. And Kasongo says TBZ […]
12 Jul 2018
|
Sipilisiwe Ncube
Natsave, ZANAMACA sign MoU to provide group loans for farmers
The Zambia National Marketeers Credit Association (ZANAMACA) and Natsave Bank have signed a Memorandum of Understanding (MoU) for the provision of group loan financial package and education to small and medium-scale farmers and entrepreneurs. Speaking […]
11 Jul 2018
|
Abraham Kalito
Barclays Bank Africa rebrands to Absa
Barclays Bank Africa Group Limited has officially changed its name to Absa Africa Group Limited, but the Barclays brand will continue operating under its current name at country-level for the next two years to allow […]
11 Jul 2018
|
Mirriam Chabala
Govt has never misused toll gate money – Chitotela
Housing and Infrastructure Development Minister Ronald Chitotela has assured Zambians that all resources raised at toll gates is reinvested back into rehabilitation and maintenance of roads. And Chitotela says money that is collected from toll […]
10 Jul 2018
|
Sipilisiwe Ncube
Zambeef halts Namwala operations
Zambeef has pulled out its operations in Namwala citing exorbitant fees charged by ZEMA. In a letter addressed to Namwala UPND member of parliament Moono Lubezhi, and signed by its General Manager Murray Moore, the […]
10 Jul 2018
|
Stuart Lisulo
Kwacha appreciates to K9.67 per dollar
The kwacha has appreciated to hit K9.67 per dollar following continued supply of dollars on the financial market in response to corporates’ provisional tax obligations, according to financial market players The local currency has appreciated […]
9 Jul 2018
|
Abraham Kalito
Debt servicing at more than 38% will slow down economic growth – Chibamba
Economist Chibamba Kanyama says continuous debt servicing at more that 38 per cent of the budget coupled with constant borrowing could further slowdown the growth of Zambia’s economy which was recorded at 2.6 percent in […]
9 Jul 2018
|
Stuart Lisulo
Zesco still owes Mozambique $53m for power import – Nkhuwa
Zesco’s still owes “Electricidade de Moçambique” (EDM) a debt of US$53 million for its export of electricity to Zambia during the power supply crisis, says Energy Minister Mathew Nkhuwa. And Nkhuwa has insisted that power […]
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