Sharp drop in the annual rate of inflation is genuine-ZIPAR

Shopping in Lusaka
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The Zambia Institute for Policy Analysis and Research (ZIPAR) says the 6.4 percentage-point drop in the annual rate of inflation from 18.9% in September to 12.5% in October is genuine. ZIPAR says Research Fellow-Public Finance Shebo Nalishebo said the Central Statistical Office inflation figures should...

IMF Bailout: A Strangulation of Zambia’s Future

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I will not allow Zambians to be turned into guinea pigs – Levy Mwanawasa (MHSRIP)

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Zambia and three other African countries shocked the world in 2002 when they declined food aid during a regional famine. They wouldn’t accept the food because it was both genetically modified (GM) and unmilled, which meant that it could potentially be planted to grow...

Zambia should get IMF aid, Situmbeko Musokotwane

Former Finance Minister Situmbeko Musokotwane
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Former Finance Minister Situmbeko Musokotwane says Zambia should access emergency funding from the International Monetary Fund to prevent further deterioration in the economy. Dr Musokotwane said in a statement that Zambia is quickly running out of money saying it is incumbent upon the government to...

Zambia bans foreigners from selling poultry, quarrying and block making

A chinese Chicken Farmer Selling Chickens at the market
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Government has with immediate effect banned foreigners from selling poultry, quarrying, block making and engaging in domestic haulage. Chief Government Spokesperson Chishimba Kambwili said such businesses shall be reserved for indigenous Zambians because government is determined to empower its citizens. He said this follows the decisions...

Chingola residents ask why mine was grabbed from Zambian owner and given to Chinese by Yaluma and Musenge

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Residents living around a disputed prospecting area in Chingola’s Kafisali area have called for a forensic audit into how a Chinese investor grabbed the mining area from Zambian owners under the directive of Mines minister Christopher Yaluma and Copperbelt Minister Mwenya Musenge. The residents allege...