Business

26 Oct 2017 | Zondiwe Mbewe

ZCSD condemns delay by FRA to pay farmers

The Zambia Council for Social Development says it is unfortunate that the Food Reserve Agency has not yet paid all farmers despite buying their maize at a low price. In an interview, ZCSD executive director […]

25 Oct 2017 | Mukosha Funga Njenga

Govt releases K115 to FRA

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 […]

25 Oct 2017 | Mukosha Funga Njenga

PAYE is too high – Haabazoka

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 […]

24 Oct 2017 | Joseph Mwenda

IMF names new envoy to Zambia

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. […]

23 Oct 2017 | Mukosha Funga Njenga

Irregular fuel pricing denotes instability in Zambia’s economy – ActionAid

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 […]

21 Oct 2017 | Sipilisiwe Ncube

We need to reduce our appetite for borrowing – Mutati

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 […]

18 Oct 2017 | Mirriam Chabala

ERB too quick at hiking prices, slow on reducing – CUTS

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 […]

17 Oct 2017 | Mirriam Chabala

ERB increases fuel prices again

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 […]

16 Oct 2017 | Mukosha Funga Njenga

IMF presses Zambia redefine its borrowing plans

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 […]

14 Oct 2017 | Mirriam Chabala

KCM declares dispute with mine unions over transfer of employees

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 […]