President Lungu Meets KCM’s Anil Argawal and maintains that KCM liquidation is backed by Zambians
President Edgar Lungu has maintained his stance on the liquidation of Konkola Copper Mines saying it is supported by the people of Zambia.
The Head of State yesterday met the Chairman of Vedanta Anil Argawal at the request of the Investor and informed him that...
NDC call for more details on Zambia’s gold prospect
The National Democratic Congress has appealed to the geological survey department to conduct a new exploration on gold deposits in the North Western province.
NDC North Western Province Coordinator Marc Kalemba says it is saddening that 55 years after independence, the country has scanty details...
Bring down cost of road construction, Vincent Mwale challenges Engineers
Infrastructure and Housing Minister Vincent Mwale has challenged Engineers in Zambia to work together to bring down the cost of constructing roads in Zambia.
Mr Mwale said Government thinks that Zambian roads are expensive and that stakeholders must work to bring the cost down.
He was...
Presidential solar project creates 6,000 jobs
The Zambia Cooperative Federation (ZCF) says six thousand job opportunities have been created under the Presidential Solar Milling Plant Initiative which was rolled out in 2015.
ZCF Director-General James Chirwa said more youths will be employed as the installation of the milling plants progresses.
Mr. Chirwa...
$900 million invested to enable the Maamba Coal Power Plant to run on full capacity
The Indian firm Nava Bharat Ventures Group operating the 300 Megawatt Maamba Coal Power Plant in Sinazongwe District says over $900 million has been invested to enable the plant run on full capacity.
Chief Executive Officer Ashwin Devineni says the plant has been operating at...
Government asks Mopani to reverse decision to shut down two shafts
Government has asked Mopani Copper Mines (MCM) to rescind its decision to close two shafts at its Nkana site.
Mopani announced the shaft closures on Thursday in a move that an opposition leader said had led to 1,400 job losses.
Mines Permanent Secretary Paul Chanda...
Government blames Climate Change for slow GDP Growth
Zambia’s Gross Domestic Product (GDP) drop to 2% has been spurred by various economic and climatic factors but the shrinking growth is recoverable in the short and medium term, Alexander Chiteme, the Minister of National Planning has said.
Zambia is one of the countries that...
AVIC International Zambia Increases salaries for its employees by up to 10%
AVIC International Zambia Limited has increased salaries for its employees by up to 10%.
Company Public Relations Officer Justinah Kapambwe said those targeted for the upward adjustment are electricians, welders, carpenters and plumbers, all from the construction department.
Mrs. Kapambwe said this follows a series of...
Zambia is China’s second largest trade partner in Africa-JIE
Rgw Chinese Ambassador to Zambia LI JIE has said that the increasing interest expressed by international investors in the Zambian economy reflects the enabling nature of the country’s business environment. Ambassador JIE reported that in the first half of the year , USD 260...
Hitachi Corporation to set up a skills development academy on the Copperbelt
Hitachi Corporation, a Japanese company which also operates a heavy equipment assembly plant in the capital, Lusaka, plans to set up a skills development academy on the Copperbelt Province for Zambians involved in the mining sector.
Japan has also offered to help Zambia with technical...
Over 1 000 miners sent home as Mopani shuts down two shafts in Kitwe
More than 1000 miners and other workers have lost their jobs after Mopani terminated contracts for some mine contractors on the Copperbelt.
Mopani has shut down its Mindolo North and Central Shafts after they reached the end of their economic life.
The mine says the...
Delay Zambia Airways relaunch-CTPD
The Centre for Trade Policy and Development (CTPD) has advised government put the re-launch of the national airline on hold till Zambia is in a better macroeconomic position.
CTPD researcher Bright Chizonde said a research conducted by the centre indicated that re-launching the national carrier...
High Court throws out Vedanta’s application to refer KCM case to arbitration in South Africa
Lusaka High Court Judge Anessie Banda-Bobo has dismissed Vedanta Resources Holdings Limited’s application to stay the winding-up proceedings against Konkola Copper Mines (KCM) and refer parties to arbitration.
Justice Banda-Bobo has ruled that the matter is not a proper case to refer the parties to...
Ministry of Mines Welcomes President Lungu’s directive to revoke dormant Mining licenses
The Ministry of Mines and Minerals Development has welcomed the directive by President Edgar Lungu to revoke dormant Mining and exploration licenses.
Minister of Mines and Minerals Development Honorable Richard Musukwa says the concerns by the President are timely and the Ministry has already...
Hyprop to sell stake in Manda Hill Mall
South Africa’s Hyprop Investments, the owner of Hyde Park Corner, The Mall of Rosebank and Canal Walk, is making progress exiting Africa so it can focus on better growth markets in Eastern Europe.
The company is selling its interest in Zambia’s Manda Hill shopping centre....
