Economy

Energy Minister Dora Siliya has revealed that over US$40 million was spent to import 148 MW of emergency power between September and December 2015. The power was imported from Aggreko Mozambique, a subsidiary of Aggreko Plc, the world's largest temporary power generation company, headquartered in...

Minister of Finance, Margaret Mwanakatwe has called for more women participation in the country’s affairs to spur economic development. Mrs. Mwanakatwe says President Edgar Lungu has shown commitment to women inclusion and participation in national governance by appointing more women in key and influential government...

Zambia has received bids from Canada's First Quantum Minerals (FQM) and others for a 17 percent stake in state mining investment arm ZCCM-IH, the finance minister said on Tuesday. “There are multiple unsolicited offers on the table, including from FQM, which are based on preferential...

Government says it will continue to invest in the tourism sector in order to create wealth and employment. Speaking during Labour Day celebrations in Livingstone, Minister of Tourism and Arts Jean Kapata said government will continue to focus on policies, strategies that will significantly contribute...

Barclays Bank Zambia Plc has launched the UnionPay International (UPI) card services on all the Bank’s Automated Teller Machines (ATMs) and Point of Sale (POS) machines nationwide. UPI is the largest card brand in the world with over 5 billion Credit and Debit...

Press Release 14th June, 2018. Climate change is a significant developmental challenge both globally and locally. It puts at risk efforts aimed at reducing poverty and stifles progress towards the attainment of Sustainable Development Goals. The effects of climate change include changes in the levels...

State owned telecommunications company Zamtel in partnership with the Zambia Revenue Authority (ZRA) has announced the launch of a mobile tax payment system using Zamtel Kwacha. The move will see Zamtel customers remit all their domestic taxes such as Turnover Tax, Base Tax, Income Tax,...

The National Union for Communications Workers has urged Zampost Workers to go back to work following government’s commitment to help them collect the K20 million owed to them by partners which they can use to pay salaries. Union General Secretary Richard Mulenga said government has...

Tanzanian President Joseph Magufuli has praised the Tanzania Zambia Mafuta (TAZAMA) pipelines for declaring dividends to the two governments. President Magufuli is impressed that TAZAMA declared dividends at a time when jointly owned firms and many parastatal companies have failed to do so. ZANIS reports that...