ZCCM-IH yesterday paid a dividend of K81.4 million to the Industrial Development Corporation (IDC) following a successful financial year where the former generated profits of K729 million. The holdings company increased its dividend policy to […]

The fall armyworm that has ravaged crop productivity in Africa will lead to increased losses worth billions of dollars if not quickly tackled, the African Development Bank (AfDB) has warned. And Agriculture Minister Michael Katambo […]

The Food Reserve Agency’s (FRA) revised maize purchase price of K70 per 50Kg bag for this year’s crop marketing season equates to nothing for farmers, says development expert Dr Frank Kayula. And the Zambia National […]

The Copperbelt Energy Corporation Plc has signed a long-term contract to supply up to 78 megawatts (MW) of electricity to Metalkol SA, a major cobalt and copper tailings reprocessing operation in the Democratic Republic of […]

Zambia has recorded the third trade deficit of the year at K1.6 billion, according to Central Statistical Office data. According to provisional CSO data, Zambia has sustained a massive trade deficit in June this year, […]

A Turkish company has expressed interest in refinancing Zambia’s $750 million Eurobond falling due in 2022, President Edgar Lungu said on Saturday during talks with Turkey’s President Tayyip Erdogan. Government, whose credit rating was downgraded […]

The Food Reserve Agency has revised upwards its maize purchase price of K65 per 50Kg bag for this year’s crop marketing season to K70, representing an increment of only K5. According to a press release […]

ZANACO managing director Henk Mulder says the bank is investing significant resources in the refurbishment of its branches in order to enhance service delivery and to build a more customer-centric culture at the bank. Speaking […]

The Civil Society for Poverty Reduction (CSPR) has observed that crop marketing, specifically maize marketing, has completely failed in Zambia. And CSPR says the policy reversal on the maize purchasing price reinforces the fact that […]

Fitch Ratings has affirmed Zambia’s credit rating at ‘B’, but with a negative economic outlook, mainly triggered by continued uncertainty about the government’s commitment to consolidate public finances and a high public debt burden. In […]