The kwacha has depreciated against the South African rand to breach the K0.90 per rand for the first time since November, 2015. And financial market analyst Mambo Hamaundu says the kwacha’s depreciation against the rand […]

Zambezi Portland Cement (ZPC) management has noted the shareholding verdict by the Court of Appeal, but will only comply with the decision if Finsbury Investments Limited fulfils the main condition of paying the K580 million […]

Zambia Airways Limited has appointed Ethiopian national Bruk Endeshaw Abebe as the company’s inaugural chief executive officer effective immediately. In a statement availed by acting chairperson of the board of Zambia Airways Bonaventure Mutale, SC, […]

Mines Minister Richard Musukwa has hinted that government may make temporary rebates to some mining companies over the disputed 2019 fiscal regime if they show justifiable cause. But his Finance counterpart Margaret Mwanakatwe has contradicted […]

First Quantum Minerals (FQM) director Philip Pascal has expressed concern that the mining industry will be adversely affected by the recent tax changes because of unique circumstances such as the gold export tax. But Minister […]

First Quantum Minerals Limited (FQML) has offered the Zambian government US$700 million to buy off the latter’s 20 per cent stake in its subsidiary Kansanshi Mining Plc through ZCCM-IH. According to Bloomberg, the Canadian miner, […]

Mines Minister Richard Musukwa says Zambia remains a stable and attractive investment destination for mining and other economic sectors. And Musukwa has dismissed assertions that the 2019 mining fiscal changes reflect government policy uncertainty and […]

An agro-dealer in Chinsali bolted with about 600 beneficiaries’ deposits under the Farmer Input Support Programme (FISP), Agriculture Minister Michael Katambo has revealed. And Katambo says there is no way government will continue engaging criminals […]

The annual rate of inflation has remained at 7.9 per cent for January, 2019, with food and non-alcoholic beverages accounting for 4.3 per cent, according to Central Statistical Office (CSO) data. Announcing Zambia’s annual rate […]

ZCCM-IH says the uncertainty in the 2019 mining fiscal regime may affect its profitability and dividends payable to government. And ZCCM-IH has increased its shareholding in Copperbelt Energy Corporation (CEC) to 24 per cent from […]