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Business
17 Nov 2023
|
Philip Chisalu
We’ve managed to reduce debt owed to IPPs to $1.1bn – Zesco
ZESCO Managing Director Victor Mapani has revealed that the company’s debt owed to Independent Power Producers (IPPs) as of October 2023 stood at US$1.1 billion from the US$1.7 billion recorded in December 2021. At a... […]
16 Nov 2023
|
Chamuka Shalubala
HH calls on banks to support agriculture credit window facility
PRESIDENT Hakainde Hichilema has called on banks to support the government’s agriculture credit window facility initiative. And Bankers Association of Zambia Chairperson Mizinga Melu says five banks have so far expressed their commitment to supporting... […]
16 Nov 2023
|
Mwiche Nalwimba
Delay in finalising debt restructuring affecting Kwacha performance – Fundanga
FORMER Bank of Zambia Governor Dr Caleb Fundanga says the Kwacha has continued to underperform against major convertible currencies because of the delay in finalising the debt restructuring process. The kwacha has lately been trading... […]
15 Nov 2023
|
Philip Chisalu
We’ve re-engaged Bondholders in view of IMF, official creditors’ reservations on deal – Govt
GOVERNMENT has refuted claims that the IMF has revised its position on Zambia’s debt restructuring agreement. The government insists that the Official Creditor Committee (OCC) members and IMF representatives have only expressed reservations about the... […]
14 Nov 2023
|
Zondiwe Mbewe
ZRA unearths non-disclosed gemstone operations in Lufwanyama
THE Zambia Revenue Authority (ZRA) yesterday initiated a search operation at Tubombeshe Mining Limited’s premises in Lufwanyama, based on reports of non-disclosed gemstone operations and potential tax evasion. Meanwhile, the authority has seized US$250,000 and... […]
13 Nov 2023
|
Philip Chisalu
NCC halts construction works at Carousel Mall, fines contractor K150,000
THE National Council for Construction (NCC) has issued a Stop Order against Alasia Building Construction Limited, a company contracted by Lamasat International for the on-going construction works at Carousel Shopping Centre in Lusaka. This comes... […]
13 Nov 2023
|
Philip Chisalu
ZICB highlights its 5yr economic impact
THE Zambia Industrial Commercial Bank (ZICB) says it takes pride in how far it has come in its five years of existence. Speaking during a media breakfast to mark the bank’s five year anniversary, Friday,... […]
13 Nov 2023
|
Muzamba Siandizya
ZICA asks govt to end squabbles by appointing ZCAS board
THE Zambia Institute of Chartered Accountants (ZICA) has called on the government to immediately appoint the ZCAS Board in order to end squabbles between ZCAS and ZCAS University. In a statement, ZICA president Yande Mwenye... […]
10 Nov 2023
|
Philip Chisalu
Kwacha depreciation painful to consumers, admits Musokotwane
FINANCE Minister Dr Situmbeko Musokotwane says while the kwacha depreciation is painful to consumers, “minor” depreciations do create competitiveness in the export sector. According to the Bank of Zambia website, as of 12:30 hours yesterday,... […]
10 Nov 2023
|
Philip Chisalu
IDC unveils Zamtel Board
INDUSTRIAL Development Corporation (IDC) Group Chief Executive Officer Cornwell Muleya has unveiled the Zamtel Board to be headed by Anthony Undi as Board Chairperson. In a statement, Thursday, Zamtel Corporate Affairs and Public Relations Manager... […]
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