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. […]

Zambia Chamber of Mines president Goodwell Mateyo says Zambia’s reduced copper export earnings as recorded by the Bank of Zambia (BoZ) is as a result of government’s excessive taxation on mining companies. According to the […]

The Kwacha is likely to depreciate even further before the end of this year, falling to an average K14.50 per dollar, amidst strong demand for the greenback by both offshore and local players, market data […]

The Bankers’ Association of Zambia has warned that credit consumers should immediately expect a hike in interest rates on loan facilities following the central bank’s huge increase in the Monetary Policy Rate (MPR). And Mwanza […]

Standard Chartered Bank Zambia has announced the closure of five of its branches without stating any reasons. Standard Chartered stated that the Mongu, Kasama, Chililabombwe and Luanshya branches would close, whilst the branch at Crossroads […]