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Friday, January 22, 2021

Economy

Energy Minister Matthew Nkhuwa announces the removal of excise duty on diesel

Energy minister Matthew Nkhuwa has announced the removal of excise duty on diesel while excise duty on petrol has been reduced to K0, 64 per liter from K2.07 to maintain the fuel pump prices. Mr. Nkhuwa has disclosed that some...

Acquisition of the 100 % stake in Mopani Copper Mine by Government wins praise

The Economic Association of Zambia (EAZ) has commended government for acquiring a 100-percent stake in Mopani Copper Mine. Yesterday Government through ZCCM-IH acquired 90-percent shareholding in Mopani in addition to its 10-percent stake in a 1.5-billion-dollar deal. EAZ President...

Mopani deal in simple terms

Glencore has agreed to sell 90% of its shareholding in Mopani Copper Mines to the Government of Zambia(ZCCM-IH). At the completion of the transaction Mopani will be wholly owned(100%) by ZCCM-IH. Terms of the Transaction: ZCCM-IH will pay of US$1 for...

ZCTU calls on Government to recruitment more teachers

The Zambia Congress of Trade Union (ZCTU) has appealed to the government to consider recruiting more teachers in Lukulu and Mitete districts in Western province. In a press release issued to the media , ZCTU Lukulu District Chairperson...

The Office of the Auditor General has began the Auditing of 2020 financial year

The Office of the Auditor General has announced the commencement of the auditing of accounts for the financial year ending 31st December 2020. Auditor General Dick Sichembe has since made a clarion call for all auditees to ensure that their...

BOZ orders top Zim Banker George Manyere to exit MyBucks

The Bank of Zambia (BoZ) has ordered a top Zimbabwean banker George Manyere to exit from both controlling shareholding and directorship in the fintech company MyBucks after violating banking rules. The Brainworks Capital Management founder, but now former managing director...

Govt tackling army worms – Katambo

The government has provided 90 thousand liters of chemicals to be distributed to areas that have been ravaged by fall army worm, Agriculture Minister Micheal Katambo has disclosed. Mr Katambo said his ministry has received reports of fall army worm...

Kansanshi Mine salutes labour leaders for successful negotiations for new condition of service

KANSANSHI Mining Plc management has saluted labour leaders from five trade unions for the commitment exhibited during the just-ended collective bargaining process for improved conditions of service for the 2,350 unionised workers at the First Quantum Minerals’ subsidiary mine. The...

Local government workers in six percent salary increment

Government has awarded local authorities and fire services workers a six percent salary increment graduated in the range of three to eight percent. This came to light at a signing ceremony held at Twangale Park in Lusaka yesterday. Local...

Zambia Ratifies and Deposits Instruments of the Tripartite Free Trade Area (TFTA) Agreement

Zambia has become the latest country to deposit its instruments of ratification for the Tripartite Free Trade Area (TFTA) Agreement with the COMESA Secretariat. This brings the number of countries that have ratified and deposited the TFTA instruments to...
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Latest News

Numba: Zesco Didn’t Underrate Nkwazi

Zesco United coach Mumamba Numba insists Wednesdays 1-0 loss to Nkwazi was not a result of overconfidence after beating...
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