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Business
22 May 2018
|
Joseph Mwenda
Amos explains STAG scandal: President signed as Minister of Finance
President Edgar Lungu’s spokesperson Amos Chanda has confirmed that the Head of State signed a US$500 million sovereign guarantee for a Zesco loan, as revealed last week, in place of the Minister of Finance. And […]
21 May 2018
|
Abraham Kalito
Zambia Airports posts 38.4% surge in domestic passenger movements
Zambia Airports Corporation Limited (ZACL) has recorded a 38.4 per cent increase in domestic passenger movements in the first quarter of 2018, triggered by reduced air fares and new flight routes, among others. According to […]
18 May 2018
|
Joseph Mwenda
Lungu personally signed sovereign guarantee for Zesco loan – Africa Confidential
An African Confidential report has revealed that President Edgar Lungu personally signed a sovereign guarantee for a South African company called Stag Africa to raise US$500 million on behalf of Zesco, when the utility company […]
18 May 2018
|
Abraham Kalito
Investrust fails to meet BoZ’s K104 million capital requirement
Investrust Bank Plc has failed to meet the minimum capital requirement despite having raised over K100 million over a year ago that was meant to recapitalize the bank. According to a statement of its final […]
18 May 2018
|
Abraham Kalito
Lusaka remains most expensive city for family of five – JCTR
Lusaka remains the most expensive city for a family of five as the cost of living in the capital city is still way above K5,000, according to the Jesuit Centre of Theological Reflection. In a […]
17 May 2018
|
Stuart Lisulo
BoZ forecasts high inflation in short-term
Inflation is likely to shoot up in the short-term, but will remain range bound, says Bank of Zambia governor Dr Denny Kalyalya. And Dr Kalyalya says local commercial banks are having challenges in meeting the […]
16 May 2018
|
Stuart Lisulo
BoZ maintains Monetary Policy Rate at 9.75%
The Bank of Zambia has maintained the same Monetary Policy Rate and Statutory Reserve Ratio again in a bid to induce lower interest rates and revive economic growth. Speaking during a media briefing in Lusaka […]
16 May 2018
|
Sipilisiwe Ncube
Govt signs agreements with two Israeli companies to train farmers
Government has signed commercial agreements with two Israeli Companies TAHAR ZRB and Green 2000 in the Agricultural sector. Agriculture Minister Micheal Katambo said the financing agreement which will be finalized next week will allow the […]
15 May 2018
|
Stuart Lisulo
Grain traders urge govt to maintain open-borders
Grain traders have urged government to maintain Zambia’s open-border policy to ensure the country still remains competitive regionally, especially in in view of reduced maize output this year. And the Grain Traders’ Association of Zambia […]
15 May 2018
|
Mirriam Chabala
Kanyama urges govt not to shut down insolvent Times of Zambia
Economist Chibamba Kanyama says government should embark on a turnaround strategy for Times of Zambia Printpak to reduce the payroll and encourage a much more independent editorial policy instead of liquidating the newspaper. In February […]
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