Business

The Copperbelt Energy Corporation Plc (CEC) says it is critical for the company and Zesco to find a lasting solution to the expiry of the Bulk Supply Agreement (BSA) to avoid any challenges on the

Millers Association of Zambia (MAZ) president Andrew Chintala has warned that consumers should expect an increment in mealie meal prices if the Energy Regulation Board (ERB) proceeds to hike electricity tariffs and fuel prices. Last

Zamefa has posted losses of over K72 million in its financial year ending September 30, 2019, mainly triggered by huge finance costs brought about by government’s slow settlement of VAT refunds owed to the company.

The Bank of Zambia has raised the statutory reserve ratio by four percentage points bringing it to nine percent in a bid to quell the effects of the exchange rate on inflation. The increase in

The Zambezi River Authority (ZRA) Council of Ministers have approved an US $81 million budget for 2020 fiscal year, with the main expenditure being allocated to the rehabilitation of the Kariba Dam. And Zimbabwe have

Foreign Direct Investment (FDI) into Zambia plummeted by nearly 50 per cent in 2018, mainly on account of significant losses incurred by mining companies who were hit by severe operational challenges in the country, the

Copperbelt Energy Corporation (CEC) Plc’s electricity supply to Konkola Copper Mines (KCM) has drastically dropped to an average 160 megawatts by the end of 2019, from a peak of around 210 megawatts one year ago,

Copperbelt Energy Corporation (CEC) chief executive officer Owen Silavwe has expressed concern over Konkola Copper Mines’ failure to pay for its electricity offtake for about a year now. In an interview after a tour of

Financial analyst Blessings Kafwanka says the Bank of Zambia’s (BoZ) hike in the Monetary Policy Rate (MPR) in isolation will stifle private sector growth. Commenting on the central bank’s move to increase the MPR by

The Zambian kwacha has continued on its depreciating trend against major convertible currencies, with the South African rand now catching up with it to trade at K1 to R1, for the first time since rebasing.