Business

Finance Minister Margaret Mwanakatwe says she is not worried about the prospect of Zambia defaulting on the imminent single-bullet repayment of the US $750 million Eurobond, which matures in 2022. And Mwanakatwe has directed Ministry […]

Mines Minister Richard Musukwa says protesting residents of Chiliabombwe and Chingola are justified to ask KCM under Vendetta minerals to go, charging that the once mining giant of Copperbelt has failed to operationalise its investment. […]

Zambia’s gross international reserves have continued to drop to below US $1.5 billion, a historic 10-year low, triggered by government’s huge external debt servicing commitments, Ministry of Finance data reveals. But Finance Minister Margaret Mwanakatwe […]

Konkola Copper Mines (KCM) Plc chief executive officer Christopher Sheppard says he remains in charge of the mining giant and intends to use his three-year contract at the financially struggling firm to turn around its […]

Zambia’s estimated maize production has drastically fallen to just two million metric tonnes for the 2018-2019 agricultural season, down from 2.4 million tonnes produced last year, a second successive drop, triggered by severe drought conditions. […]

Mining companies have started to scale-down their operations significantly in response to the 2019 mining fiscal regime because they are struggling to cope with the tax policy, says Zambia Chamber of Mines president Goodwell Mateyo. […]

Atlas Mara Ltd plans to sell its stake in Zambia and 3 other African countries in exchange for a 6.27 per cent stake in Nairobi-based commercial bank Equity Group Holdings Plc (EGH), a move aimed […]

The kwacha’s depreciation where it hit K13 per dollar is partly due to lapses in the current Balance of Payment (BoP) monitoring mechanism system, the Economics Association of Zambia (EAZ) has observed. And the EAZ […]

The Sales Tax Bill will give Finance Minister Margaret Mwanakatwe too much discretionary power to decide who gets taxed compared to who will be exempted, says Deloitte Zambia. But Zambia Revenue Authority (ZRA) Commissioner-General Kingsley […]

Government’s failure to achieve fiscal consolidation following the raft of austerity measures announced last year has negatively impacted Zambia’s economy, says former Economics Association of Zambia (EAZ) president Dr Chrispin Mphuka. And Dr Mphuka urged […]