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Business
Financial crisis hits KCM as contractors suspend operations over debt
SOME contracting companies at Konkola Copper Mines Plc, among them Master Mine Service (MMS), have suspended operations due to non-payment of their dues. According to correspondence seen by News Diggers, MMS has suspended its services... […]
Don’t feel victimised when visited by law, Youth Minister warns indebted cooperatives
YOUTH, Sports and Arts Minister Elvis Nkandu says cooperatives that have failed to pay back the loans they acquired from government should not feel victimised when the law catches up with them. The Auditor General’s... […]
We hope to sign MoU with official creditors soon – Musokotwane
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says government is hoping to sign a Memorandum of Understanding with official creditors to restructure Zambia’s $6.3 billion debt soon. According to Reuters, the International Monetary Fund’s... […]
Those who get Starlink can start ‘Internet cafe’ businesses – Mutati
MINISTER of Technology and Science Felix Mutati has insisted that Starlink internet is not expensive, arguing that people should not purchase it just for individual consumption but for resell. According to the Starlink website, the... […]
IDC appoints Cornwell Muleya as CEO
THE Industrial Development Corporation (IDC) Board has appointed Cornwell Muleya as IDC Chief Executive Officer with effect from today. In a statement issued yesterday, IDC Head of Corporate Communication Namakau Mukelabai said Muleya possessed over... […]
Our new PS is very experienced, notes ERB
ENERGY Regulation Board Chairperson Reynolds Bowa says newly appointed Energy Permanent Secretary Peter Mumba is very experienced and will definitely contribute to discussions on how to have more stable fuel price reviews. On Monday, President... […]
Govt awards $79.8m concession for Katete-Chanida road to local firm
GOVERNMENT has signed the first ever concession agreement with a local firm, Lutembwe Consulting Company, for the reconstruction of the 55 kilometers Katete-Chanida stretch, valued at $79.8 million. Infrastructure, Housing and Urban Development Minister Charles... […]
We need ingenuity to start reviewing fuel prices in a more stable period – HH
PRESIDENT Hakainde Hichilema says there is a need for ingenuity in a bid to achieve a stable period for fuel price reviews rather than the monthly interval which is not good for planning. Speaking when... […]
Most sectors inadequately funded in 2024 budget due to low economic growth – Mubanga
SMALL and Medium Enterprises Development Minister Elias Mubanga says most sectors have not been allocated the desired funds in the 2024 national budget due to limited government resources. In an interview, Monday, Mubanga, who stressed... […]
Treasury can’t sustain subsidies currently – Saasa
ECONOMIST Professor Oliver Saasa says although citizens may wish for subsidies, the Treasury cannot sustain that at the moment. And Prof Saasa says the problem which the country has in terms of mealie meal prices is... […]
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