The Zambia National Building Society (ZNBS) had 56 mortgages in amounts totalling K26.7 million with various irregularities, such as unregistered mortgages and missing mortgage deeds, the latest Auditor General’s Report reveals. And ZNBS was found […]

Party of National Unity (PNU) president Highvie Hamududu says government should undertake a mid-year 2019 budget review to find remedial measures on the missed macro-economic targets. And Hamududu says the free fall in the exchange […]

Zambia Railways Limited has remained loss-making for three consecutive financial years between the period 2015-2017, with the highest amount being over K134 million in its 2016 financial year. And Zambia Railways has failed to achieve […]

Millers Association of Zambia (MAZ) chairman Andrew Chintala says millers have already effected a mealie-meal price reduction, adding that any extra cost above the approved K85 per 25Kg breakfast bag is effected by retailers. And […]

The World Bank Board of Directors has approved an International Development Association (IDA) credit of US$100 million for Zambia to improve natural resource management in selected districts. In a statement, World Bank Zambia country manager […]

The kwacha continued to depreciate sharply against major currency convertibles to sink and crash through the K14.00 per dollar psychological barrier, the weakest since November, 2015. According to financial market players, the kwacha has maintained […]

Zambian small-scale businesses are all going to shut down following the implementation of the controversial Sales Tax after next month, former Finance Minister Felix Mutati has warned. And Mutati has called on government to defer […]

Renowned economist Professor Oliver Saasa says his several attempts to reach out to President Edgar Lungu and render professional advice on how to fix the country’s economic crisis have failed. And Professor Saasa says domestic […]

MTN Zambia has launched a new smart feature phone powered by KaIOS software, a web-based mobile operating system, that holds all the sought-after services at a price of just K275. Speaking during the official rollout […]

Zambia Revenue Authority (ZRA) Commissioner General Kingsley Chanda says the Value Added Tax (VAT) system has made it easy for companies to declare losses and swindle government for 17 years, hence denying the country a […]