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Business
17 Feb 2024
|
Philip Chisalu
Drastic Kwacha recovery shocks traders
THE Kwacha has recorded some drastic gains after facing a deep depreciation last month as it was trading above the K27 band. Experts feared that the local currency would cross the K30 psychological barrier against... […]
16 Feb 2024
|
Ulande Nkomesha
Tempers flare as KCM employees ask Vedanta, govt to be serious
KCM employees have grown impatient, demanding that both government and Vedanta must attach some seriousness to normalising operations at the mine, rather than always giving stories about court processes. Meanwhile, Vedanta Resources has announced that... […]
16 Feb 2024
|
Mazombwe Banda
Over 18,000 people benefited from 30% Black Mountain share – Govt
ACTING Mines and Minerals Development Minister Charles Milupi says over 18,000 people benefited from the 30 percent Black Mountain share which was allocated to government. Milupi told the National Assembly, Wednesday, that the 30 percent... […]
15 Feb 2024
|
Philip Chisalu
Manufactures have faced difficulties absorbing impact of Kwacha depreciation – Sagar
ZAMBIA Association of Manufacturers (ZAM) president Ashu Sagar says the manufacturing sector has faced difficulties in absorbing the impact brought about by the depreciating Kwacha and fuel prices in the last four months. In an... […]
15 Feb 2024
|
Barnabas Zulu
Govt responds to drought, suspends all maize exports
AGRICULTURE Minister Reuben Mtolo Phiri says government has suspended the export of maize to neighbouring countries to ensure the country has enough stock of the commodity. Meanwhile, Swedish Ambassador to Zambia Johan Hallenborg has noted... […]
15 Feb 2024
|
Zondiwe Mbewe
We haven’t lost control of Kasenseli Gold Mine – ZCCM-IH
ZCCM-IH has dispelled allegations in some sections of the media that it has lost control of Kasenseli Gold Mine. In a statement yesterday, ZCCM-IH Corporate Affairs Manager Loisa Mbatha said resumption of mining operations at... […]
15 Feb 2024
|
Philip Chisalu
If we don’t act now, things will be worse – BoZ
BANK of Zambia (BoZ) Governor Dr Denny Kalyalya says the country’s economic situation is far from normal. He says the measures that government is implementing through the Central Bank to arrest rising inflation may look... […]
15 Feb 2024
|
Philip Chisalu
Zambia-DRC Luapula hydro power project to commence in 2027 – Govt
GOVERNMENT says it intends to jointly develop a hydro power station on the Luapula River with the government of the Democratic Republic of Congo, stretching from Mumbotuta Falls to Mambilima. Acting Energy Minister Charles Milupi... […]
14 Feb 2024
|
Barnabas Zulu
It’s normal for Vedanta to look for other investors – Nkhoma
ECONOMIST Noel Nkhoma says it is normal for Vedanta and other businesses to look for investors elsewhere. Meanwhile, Nkhoma says Bank of Zambia interventions are helping the Kwacha to be resilient. Vedanta announced that it... […]
13 Feb 2024
|
Barnabas Zulu
KCM refutes claims that workers have been sent on forced leave
KONKOLA Copper Mines (KCM) has refuted claims that it is sending workers on forced leave. An organisation called ‘Vedanta Must Return Community Campaign Movement’ based on the Copperbelt in Chingola and Chililabombwe had claimed that... […]
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