ZAMBIA’S Official Creditors have rejected a revised Agreement in Principle (AIP) that was reached between government and the Bondholders, arguing that the revised proposal still does not meet its interpretation of the Comparability of Treatment... […]

ASSOCIATION of Mine Suppliers and Contractors (AMSC) president Costa Mwaba says contractors at KCM have scaled down their operations as they await payment of their dues. Last month, some contracting companies at Konkola Copper Mines... […]

GOVERNMENT has extended the period for completing the mopping exercise for illegally harvested Mukula logs from November 20 to December 30, 2023. Last month, Green Economy and Environment Minister Collins Nzovu announced that government had... […]

OIL Marketing Companies Association of Zambia (OMCAZ) president Dr Kafula Mubanga says as long as there is no political will to resolve some costing challenges, fuel prices in the country will not reduce. In an... […]

THE Economics Association of Zambia (EAZ) says Zambia Revenue Authority’s door-to-door tax compliance inspections through local authorities will help broaden the tax base and in turn enable the country pay its debt and meet its... […]

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... […]

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... […]

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... […]

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... […]

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... […]