Business

The Ministry of Finance has released K115 million to the Food Reserve Agency (FRA) to facilitate the settlement of some dues in the reserve food purchasing chain. In a statement today, Ministry of Finance public […]

Economist Dr Lubinda Haabazoka says Zambia’s income taxes are too high for a country that calls itself pro poor. In a statement yesterday, Dr Haabazoka, who is also a lecturer, asked government to feel for […]

The International Monetary Fund (IMF) has appointed Dr Boileau Loko as the New IMF Mission Chief for Zambia, replacing Tchidi Tsikata. This is according to a statement released by Ministry of Finance spokesperson Chileshe Kandeta. […]

ActionAid Zambia Country Director Nalucha Nganga says government’s decision to review fuel prices every 60 days denotes instability in the country’s economy. In an interview, Nganga observed that frequent price adjustments affected people’s planning. “We […]

Finance Minister Felix Mutati says Zambia needs to reduce its appetite for contracting debts. And Mutati says the IMF bailout request has not failed, as negotiations were still ongoing. Speaking in parliament on Thursday when […]

The Consumer Unity and Trust Society says ERB is too quick to hike fuel prices whenever factors that determine oil prices on the international market change. Commenting on the recently announced K1 increment in fuel […]

The Energy Regulation Board has increased the retail fuel pump prices by K1. Petrol has been adjusted from K11.67 to K12.97 while Diesel has been adjusted from K9.87 to K11.09. Kerosene has also been increased […]

The International Monetary Fund has pressed Zambia to redefine its borrowing plans going forward in view of the risks associated with high levels of debt. And Zambia has agreed to furnish the IMF with its […]

Konkola Copper Mines PLC has declared a dispute with mining unions on the Copperbelt following a standoff over the mining company’s decision to transfer its workforce to a new contractor. In a letter dated October […]

Consumer Unity and Trust Society has commended CCPC for fining Zambia Sugar K76 million for its exaggerated pricing. In a statement today, CUTS stated that the high prices of sugar only added more pressure on […]