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Business
We must have a marshall plan for our economy – Saasa
ECONOMIST Professor Oliver Saasa says debt restructuring was an important precondition to unlocking Zambia’s economy, but the country now needs a marshall plan in order to solve its current challenges. Meanwhile, Pricewater Coopers (PwC) Country... […]
Musokotwane says debt deal won’t end economic challenges
FINANCE and National Planning Minister Situmbeko Musokotwane says the debt restructuring deal has not marked the end of the country’s economic challenges but has given it an opportunity to reorganise itself. Dr Musokotwane has wondered... […]
Kapala explains petroleum procurement irregularities cited by AG: “It’s legacy debt”
ENERGY Minister Peter Kapala says government withdrew from actively participating in the procurement of petroleum products due to legacy debt. The Auditor General’s Special Report highlighted financial irregularities amounting to K483,274,318 and US$1,396,111,768 in the... […]
Govt must explain debt restructuring deal without emotions – Haabazoka
ECONOMIST Lubinda Haabazoka says government must explain to citizens the meaning of the debt restructuring deal without emotions. In an interview, Dr Haabazoka said this was important because after a year, people would get back... […]
Govt paid $34.4m damages to a company that supplied contaminated commingled oil – AG
THE Auditor General’s Special Report on the procurement of petroleum products from 2019 to 2021 has revealed that government paid damages amounting to $34.4 million to a company which supplied contaminated commingled oil. And the... […]
ZESCO implements staggered load shedding in Lsk
ZESCO has announced that it will implement a staggered eight-hour daily load shedding programme for residential areas in Lusaka, effective April 1, 2024. In a statement, Sunday, ZESCO spokesperson Matongo Maumbi stated that each area... […]
CSO Debt Alliance urges govt to operationalise sinking fund
THE CSO Debt Alliance has implored government to enhance domestic revenue mobilisation efforts, prioritise prudent fiscal management and operationalise the sinking fund to ensure long-term stability as the country prepares to resume its debt repayment... […]
Copper production has declined due to policy inconsistencies – PwC
PRICEWATER Coopers (PwC) Country Senior Partner, Andrew Chibuye, says according to his firm’s tabulations, the country had 33 changes in the mining tax policy between 2008 and 2021/2022. Speaking on Diamond TV’s “This Day” programme... […]
Cost of living shoots to K10,603 per month
THE Jesuit Centre for Theological Reflection (JCTR) has revealed that the cost of living for a family of five in Lusaka now stands at K10,603.40, representing a 2.9 percent increase from K10, 307.01 recorded in... […]
Inflation rises to 13.7%, estimates show economy grew by 8% in Q 4 of 2023
THE Zambia Statistics Agency (ZamStats) says the country’s annual inflation for March 2024 has increased to 13.7 percent from the 13.5 percent recorded in February 2024. ZamStats has revealed that Gross Domestic Product (GDP) estimates... […]
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