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Alba Iulia
Thursday, September 24, 2020

Economy

Government Launches domestic tourism campaign

Minister of Tourism and Arts Ronald Chitotela has launched the domestic tourism campaign to mark the commencement of World Tourism Week celebrations. Mr. Chitotela has called on the Zambia Tourism Agency (ZTA) to market the local tourism charges for...

Broke: Zambia pushes to defer Eurobond interest payments for six months

Zambia has launched a vote with its Eurobond holders, proposing to defer interest payments on its three outstanding dollar-denominated bonds until April 14, 2021. Zambia has $3 billion of Eurobonds outstanding and owes $2 billion to commercial banks, $2 billion...

Load shedding to Disappear-Minister of Energy

The government has assured that load shedding will be a thing of the past once the construction of all the power plants is completed. And Minister of Energy Matthew Nkhuwa has explained that the reason the power utility company...

Zim, Zambia happy with progress at Batoka hydro plant

Zambia and Zimbabwe have expressed satisfaction on the progress made in the construction of the Batoka Gorge Hydro-Electric Scheme (BGHES) since the project was awarded to a Chinese contractor. The two parties' Council of Ministers (COM) of the Zambezi River...

US$472.5 million of transferred funds suspected of fraud in Zambia

Funds amounting to $472.5 million transferred from the United States to Zambia between 2007 and 2017 are suspected to be the proceeds of bank fraud. This is according to revelations made this week by the International Consortium of Investigative Journalists...

Controlling stake in Mining Companies will Guarantee more Jobs-Lusambo

Copperbelt PF Mobilisation Chairman Bowman Lusambo says the decision by government through ZCCM-IH to increase its stakes in mining companies will benefit more miners. Mr Lusambo said the decision will guarantee and secure the mining jobs as government will have...

No Fuel Price Review Disccusion despite 20% Kwacha Depreciation-ERB

The Energy Regulation Board (ERB) has clarified that currently there is no fuel price review discussions contrary to assertions of a possible fuel price hike following the 20 percent depreciation of the kwacha. ERB Manager Public Relations Kwali...

Government still considering the right course of action on the issue of privatization during MMD era

Vice President Inonge Wina has said that Government is still considering the right course of action to take regarding the issue of privatization of the country’s assets during the Movement for Multiparty Democracy (MMD) regime. Mrs. Wina has described the...

Submit proposals to Government, President Lungu urges the business community

President Edgar Lungu says the government is ready to listen and take on board proposals from the business community on how to enhance the country’s economy. President Lungu said the business community should not just concentrate on lamenting but should...

Turkish businessmen seek Zambian partnerships

Turkish Industrialists and Businessmen have pledged to partner with the business community in Zambia to promote trade and investment between the two countries. This came to light when an eight-member delegation of business executives from Bursa, one of Turkey’s industrial...
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Government warns against succession wrangles as Chief Mukonchi is buried

Chiefs and Traditional Affairs Minister, Lawrence Sichalwe has advised the people of the Swaka chiefdom to remain calm following...

Encroachment in Namwala and Mumbwa Game Reserves Areas Worrying-Itezhi Tezhi District Commissioner

Government has bemoaned increased encroachment in Namwala and Mumbwa Game Management Areas (GMAs). Itezhi Tezhi District Commissioner, Isaac Nabuzoka said Namwala and Mumbwa GMAs have...

Government gets support from EAZ on Suspending Debt Payment

The Economics Association of Zambia has said that it is encouraged that the Zambian government has joined other countries in implementing measures aimed at...

Edith Nawakwi’s Lawyer Responds to HH, claims lacks sufficient particulars

FDD President Edith Nawakwi has responded to her UPND counterpart Hakainde Hichilema’s lawsuit in the High Court by asking for better particulars. Mr Hichilema is...

Religious Affairs Minister Raises Strong Objection to introducing Comprehensive Sex Education in Schools

The Ministry of National Guidance and Religious Affairs has said that Zambia should have nothing to do with Comprehensive Sexual Education (CSE), a...