Government releases a total of K190 million to pay Road Contractors

THE Government has released a total of K190 million to pay road contractors of which K65 million will go towards the construction of the Chingola-Solwezi road. Works and Supply Minister Ronald Chitotela said Government last week released about K190 million for road works saying that...

Zambian makes it on 2018 Forbes Africa Under 30

Forbes-Africa-30-Under-30-2018
A Zambian businessman Mwiya Musokotwane has been named as one of Africa’s most influential individuals for the year 2018. Mwiya, 28, who is Former Finance Minister Situmbeko Musokotwane’s son is running Thebe Investment Management, a firm he founded with the help of his family. The family...

ZRA to freeze all bank accounts without TPIN by end of 2017

  The Zambia Revenue Authority has warned that it will freeze all bank accounts whose holders have not obtained their Tax Payer Identification Number (TPIN) by 31st December, 2017. The TPIN is a pre-requisite to all procedures of tax registration under Domestic Taxes and Customs Divisions. ZRA Corporate Affairs...

Zambia develops policy to accelerate industrialisation

The Ministry on Commerce, Trade and Industry has developed an Industrial Policy to support and accelerate industrialisation in Zambia in line with other countries in the COMESA bloc. Ministry of Commerce Permanent Secretary, Kayula Siame, has told ZANIS in Antananarivo that consultation, validation and formulation...

Government approves the Decentralisation Policy to empower provinces and districts manage their own affairs

Government has approved the long awaited National Decentralisation Policy which will empower provinces and districts manage their own affairs for effective social economic development. The new decentralisation policy would promote people’s participation in democratic governance at the local level. The policy would also promote participation of...

Bank of Zambia introduces new bank notes

New Kwacha Notes
Bank of Zambia (BOZ), Assistant Manager Talent and Resourcing Nelly Phiri says the bank has introduced new bank notes with improved features that will disadvantage counterfeit money launderers. Ms Phiri said this when she paid a courtesy call on Lundazi District Commissioner’s (DC) office. She said...

FQM’s Pascall’s departure from Zambia disgraceful

First Quantum Minerals Ltd. Chairman and CEO Philip Pascall
While I agree that there is room for dialogue between the Patriotic Front (PF) government and the mining industry in Zambia, the farewell message from First Quantum Minerals (FQM) director of operations Matt Pascall published by Lusaka Times on January 2, 2019, is disgraceful. For...

Norway not impressed with President Lungu’s purchase of Luxury jet

MOSKVA(Aftenposten):Zambia is one of the largest recipients of Norwegian aid. Now, the country's president is buying a luxury aircraft that surpasses most. The Russian company Sukhoi, Jevgenij Andratzhnikov , could start the celebration when the contract for the sale of new luxury aircraft was in...

Kariba Dam left with 3 months’ power supply-Zimbabwe Energy Minister

Zimbabwe’s Energy Minister Fortune Chasi has revealed that water levels in Lake Kariba were so low that current supplies will only be able to generate power for the next 14 weeks, paving way for deeper power cuts in the country. In a ministerial statement in...

Smuggling of Maize threatens Zambia’s food security- PS

Copperbelt Permanent Secretary Howard Sikwela has warned of an impending national food deficit if the prevailing maize and mealie meal smuggling to neighbouring countries is left unchecked. And Chililabombwe Mayor Christabel Mulala has called for reinforcement of Police patrol vehicles in the district to effectively...

Nurses get Salary increment of between 10.4% and 28.5% for the year 2016

The Zambia Union of Nurses Organisation (ZUNO) and the Government of the Republic of Zambia (GRZ) have signed the 2016 collective agreement for improved salaries and conditions of service for Nurses and Midwives in the public service ranging from 10.4% to 28.5%. This draws from...

Zambia gives key requirements for Africa’s development  

Zambia says sustainable trade, infrastructure development, gender equality and empowerment, peace, health, and education are among key prerequisites to the development of Africa. Zambia made the remarks at the just-concluded Africa-week joint debate on  New Partnership for Africa’s Development (NEPAD), focusing on the progress in...

Chambeshi Water to increase water tariffs by 45%

A Water facility for SOUTHERN Water and Sewerage Company (SWASCO)
Chambeshi Water and Sewerage Company has proposed an upward adjustment of water tariffs for districts in Muchinga and Northern Provinces effective January next year. The company which operates in Northern and Muchinga Provinces plans to increase the water tariffs by 45% for all metered customers...

Vedanta fights back against KCM liquidation

Vedanta Resources PLC Chief Executive Officer MS Mehta
Vedanta Resources Holdings Limited wants to be joined in the matter in which ZCCM-IH Plc is seeking an order to have KCM wound up. Vedanta says if it is not joined to the proceedings by the court, it stands to suffer great prejudice as it...

Kwacha strengthens

The Kwacha on 18th June 2019 rallied to K12.95 for a unit of dollar propelled by support from taxes and payroll conversions. Most corporates are selling dollars to meet their taxation obligations in local currency with a significant portion also looking to fund month-end...