The kwacha’s performance against major currency convertibles is likely to remain weak, with the local currency expected to remain trading above the K12 per dollar psychological barrier for short-term period, due to increasing demand of […]

Zambeef Plc board chairperson Dr Jacob Mwanza has increased his shareholding in the company to now holding over 1.4 million ordinary shares. According to a statement issued via Zambeef’s sponsoring broker, Pangaea Securities Limited, Dr […]

Cavmont Capital Holdings Zambia Plc posted K15.7 million losses after tax during its financial half-year ending December 31, 2018, mainly triggered by increased impairment charges and operating expenses. According to a consolidated statement of comprehensive […]

Lumwana Mining Company Limited (LMC) has reiterated that Zambia’s operating environment in the mining industry has become immensely stained and placed the company in a challenging situation. LMC executive director Nathan Chishimba told North-Western Province […]

The Zambia State Insurance Company (ZSIC) says it has recorded a 50 per cent growth in premium income in 2018, which closed at K194 million up from K129 million recorded in 2017. And the company […]

Zesco’s plan to adjust electricity tariffs upwards would force more dairy farmers out of business because the cost of production will drastically increase, the Diary Association of Zambia (DAZ) has warned. Zesco has proposed to […]

Grizzly Mining Company’s fifth auction sale of Emeralds opened at Lusaka’s Intercontinental Hotel, Monday, with the company reiterating its concern over the enactment of the 2019 mining fiscal regime. Grizzly Mining chief executive officer Abdoul […]

The Centre for Trade Policy and Development (CTPD) has demanded for guidelines on the imminent Sales Tax’s implementation because there is still uncertainty among tax payers on how it will work. In a statement released, […]

The Goods and Services Tax (GST) is likely to negatively affect Zambia’s annual rate of inflation and push it to double-digits, averaging between 10 and 14 per cent following implementation, according to Zanaco Plc. Zanaco […]

Konkola Copper Mines Plc (KCM) has formally withdrawn a critical allowance payment affecting 320 staff effective March 1, 2019. But KCM’s corporate affairs general manager Eugene Chungu has explained that the critical allowances awarded to […]