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Business
26 Dec 2023
|
Angela Muchinshi
Cabinet’s decision on preferential treatment for local suppliers thrills mineworkers’ union
MINEWORKERS Union of Zambia (MUZ) president Joseph Chewe has hailed Cabinet for approving the introduction of regulations for preferential treatment of local suppliers of goods and services in the mining sector. In an interview, Sunday,... […]
25 Dec 2023
|
Prudence Chota
UAE based company to buy majority shares in Pamodzi Hotel at $18m
THE Board of Directors for Taj Pamodzi Hotel have announced that Tata International Singapore Pte Ltd (TISPL), the majority shareholder in the company, has agreed to sell its controlling shareholding to ASB Hospitality at a... […]
23 Dec 2023
|
Prudence Chota
Cost of living up by K96.81
THE cost of living for December for a family of five in Lusaka has increased to K9,157.41 from the K9,060.60 recorded in November 2023, representing an increase of K96.81. According to the JCTR’s Basic Needs... […]
23 Dec 2023
|
Philip Chisalu
ZCCM-IH to retain 49% shares in Mopani, as IRH dangles US$1.1bn
ZCCM-IH has disclosed that it has entered into an agreement with IRH, to which the firm has committed to invest a total of US$1.1 billion into Mopani Copper Mines (MCM) as a Strategic Equity Partner.... […]
23 Dec 2023
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Philip Chisalu
World Bank approves $125m grant for Zambia
THE Ministry of Finance and National Planning has disclosed that the World Bank Executive Board has approved US$125 million grant for Zambia. The ministry says the approval follows the completion of a review of Zambia’s... […]
22 Dec 2023
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Philip Chisalu
Airtel Africa registers its 150 millionth customer
AIRTEL Africa has announced that it has registered its 150 millionth customer, describing it as a significant milestone that underscores the company’s commitment to enriching customers lives. In a statement, Thursday, the mobile service provider... […]
22 Dec 2023
|
Angela Muchinshi
We’re considering doing a debt swap with ERB – Zesco
ZESCO Board Chairman Vickson N’cube says the utility company is looking into the possibility of doing a debt swap with the Energy Regulation Board (ERB) for outstanding debts. The latest Auditor General’s report revealed that... […]
22 Dec 2023
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Philip Chisalu
$187m from IMF will help stabilise kwacha – Musokotwane
FINANCE and National Planning Minister Dr Situmbeko Musokotwane says the US$187 million which Zambia is receiving from the IMF will help stabilise the kwacha. And Dr Musokotwane says Zambia will be in a better place... […]
22 Dec 2023
|
Emmanuel Banda
Cost of living likely to remain high in 2024 – JCTR
JCTR says poverty levels and the cost of living have remained very high throughout 2023 and this is likely to continue on the same trajectory in 2024. And JCTR Executive Director Fr Alex Muyebe says... […]
21 Dec 2023
|
Ulande Nkomesha
IMF approves US$187m disbursement for Zambia
THE International Monetary Fund Executive Board has completed the second review of the Extended Credit Facility for Zambia, resulting in US$187 million approved disbursement. In a statement, Finance and National Planning Minister Dr Musokotwane stated... […]
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