Stop politicking over the performance of your economies, Mutati tell politicians

Mutati speaks to party officials in Ndola on Sunday.
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Former Finance Minister Felix Mutati has advised politicians on the continent to desist from politicking over the performance of their economies. Mr Mutati says the continent's economy cannot be managed through propaganda and playing politics. He observed that most of the times, politicians live in denial...

Zambeef posts annual profit rise despite tough Zambia market

ZAMBEEF Head Office
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  Zambeef Products PLC has reported a full-year profit rise but the Kwacha headwinds contributed to a mixed revenue picture, in what was a "challenging year" for the food producer. In the year ended September 30, revenue was up 13% to ZMW3.13 billion from ZMW2.78 billion...

Female entrepreneur encourages women to be self-relient

Tobacco Industry Stake holders Meeting
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  A female tobacco farmer in Kakanda area in Kaoma District in Western Province has urged her fellow women to take up enterprises that contribute meaningfully to national development. Speaking during a tour of her tobacco farm in Kakanda area, Namakau Sikamutuma said time has come...

It’s critical that we find a solution to Bulk Supply Agreement with ZESCO before it expires-CEC

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  The Copperbelt Energy Corporation has reiterated that it is critical that a lasting solution is found to the Bulk Supply Agreement with ZESCO ahead of its expiry so as to avoid any challenges to the Copperbelt and the economy at large. In a statement, CEC...

There is need to restore sanity in the utilization of public resources-President Lungu

President Lungu during the swearing in ceremony of Deputy Auditor General in the office of the Auditor General, Francis Mbewe and Public Policy Specialist –Policy Analysis and Co-ordination Division at State House
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President Edgar Lungu says there is a need to restore sanity in the utilization of public resources in the country. The Head of State expressed concern at the huge financial resources that are either being misapplied or misappropriated in the public sector. The President said this...

Former Finance Minister Felix Mutati invited to Convention in Ruwanda

Mutati speaks to party officials in Ndola on Sunday.
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  Former Finance Minister Felix Mutati is among the eminent world Leaders that have been invited to speak at the Association of Certified Chartered Accountants, African member's Convention to be held in Kigali, Rwanda between 9th and 11th December 2019. Mr. Mutati, who is the 2017...

CEC could cease operations by March next year-CEO

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Copperbelt Energy Corporation (CEC) may be forced out of business as early as March 2020 if a new Bulk Supply Agreement with ZESCO is not signed, company Plc Chief Executive Officer Owen Silavwe has revealed. And some Ministry of Energy officials have said Zesco has...

Habazoka blames Diplomats “venting’ for Kwacha fall

President of the Economic Association of Zambia(EAZ), Dr. Lubinda Habazoka
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Economics Association of Zambia President Lubinda Habazoka has attributed the recent sharp depreciation of the Kwacha to the venting from some diplomats. Dr Habaazoka said the statement issued by some Diplomats serving in Zambia has helped create anxiety in the economy leading to the Kwacha...

PF Government pushes ahead with WhatsApp and Netflix tax

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The PF government has moved a step closer to enacting a law that will tax internet services. The move could effectively see internet services such as Netflix and WhatsApp attract tax by as early as January 2020. This is according to the VAT Amendment Bill 2019...

President Edgar Lungu warns Millers hoarding maize and creating an artificial shortage

His Excellency Dr. Edgar Chagwa Lungu
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President Edgar Lungu has advised millers desist from hoarding maize and creating an artificial shortage of the commodity. President Lungu says the government is aware of such schemes aimed at further increasing the price of mealie meal, which he says will fail because of various...

It is not true that Bill Number 10 will take away Bank of Zambia Powers

Bank of Zambia
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The Bank of Zambia has said that it is not true that the Constitutional Amendment Bill number 10 of 2019 will take away its powers to print the currency and supervise the financial sector. The Bank says contrary to social media reports, the Central Bank...

Foreign Direct Investment in flows into Zambia fell by almost 50%

Bank of Zambia Governor Dr. Denny Kalyalya
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Bank of Zambia (BoZ) Governor Denny Kalyalya says Foreign Direct Investment (FDI)  in flows fell by almost 50 percent to about US$560m in 2018. Dr. Kalyalya says the significant decline was mainly due to losses of almost US$340m mostly in the mining sector where some...

PF plans to increase fuel and electricity to unaffordable margins – UPND

HH speaking during a radio programme on SUN FM
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As predicted, the PF want to increase fuel pump prices and electricity tariffs to new unaffordable margins. These services are a lifeline and engine with which any economy is driven and spurred. The adjustments will therefore have a telling effect for both big and...

KCM contractors protest over unresolved liquidation process

KCM's CHINGOLA ACID PLANT SHUTDOWN
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  Contractors at Konkola Copper Mines (KCM) in Chingola yesterday staged a peaceful demonstration with a call on the government to expedite the mining firm's liquidation process. Speaking on behalf of the contractors, Ronald Mwautene said the liquidation process has taken longer than expected, hence the...

Dutch fund for climate development launched

BoZ Deputy Governor Bwalya Ng’andu
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  The government says the effects of climate change have contributed to the slowdown of the country’s economy. Minister of Finance Bwalya Ng’andu notes that there is need for concerted efforts from government and various stakeholders to mitigate and adapt to the effects of climate change. Dr...