$40 million spent on power import for three months-Siliya

Zambia's Minister of Energy and Water Development Ms. Dora Siliya during a panel discussion at the Africa Energy Conference in Johannesburg
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...

Mwanakatwe calls for more women participation in the Zambia’s affairs

Finance Minister Margaret Mwanakatwe
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...

Mwanakatwe confirms that bids to sell part of ZCCM-IH have been received

Finance Minister Margaret Mwanakatwe
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...

Heads of State to increase agro investment

Heads of State worldwide have resolved to increase investment in agriculture, to address obstacles to food access and to use the planets resources sustainably for present and future generations. The high level three-day conference which ended on Thursday resolved to use all means possible to...

Government to continue investing in tourism

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...

Zambia on course to hit the 1.5 million tonnes annual Copper production-Musukwa

ZAMBIA remains on course to hit the 1.5 million tonnes annual Copper production target by 2015, Mines, Energy and Water Development deputy Minister Richard Musukwa has told Parliament. Mr Musukwa also refuted assertions that relations with the mining companies had stifled over the recent years...

Barclays Bank Launches UnionPay Cards Services on all ATMs and Points of Sale machines in Zambia

Barclays Bank- Zambia Managing Director Saviour Chibiya interacting with China Ambassador to Zambia Yang Youming during the launch of "UNION Pay" Credit Card at Lusaka Pamodzi Hotel
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...

Reduction in Maize Production Triggers Hunger Warning-JCTR

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...

ZFE attributes increase in Child labour to poverty

THE Zambia Federation of Employers (ZFE) says the increase in child labour is due to high poverty levels in the country. Federation president Dan Musenge said the trend could be reduced if employers took immediate effective action in a bid to prohibit and eliminate the...

Zamtel, ZRA launch mobile tax payment platform

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,...

Zampost Workers urged to go back to work following government’s new commitment

Zampost
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...

TAZAMA dividends impress Magufuli

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...

Mahtani Doesn’t Own Zambezi Portland Cement Shares, Court Rules

In what has been one of the longest running business disputes in Zambia, the family of Antonio Ventriglia secured an important legal victory this week against the former Chairman of Finance Bank Rajan Mahtani, whom they accuse of illegally attempting to steal a...

50 Chinese Companies Eye Chambishi EZ

About 50 Chinese companies have indicated interest to invest in Zambia by September this year. Commerce, Trade and Industry Minister, Felix Mutati, disclosed Chinese companies would sert up businesses at the Chambishi economic zone. Mr Mutati, who toured the projects at NFC Mining Company and the...

Farmers in North-west cry foul as FQM explores copper ores on their land

A wrangle is emanate in Kainafumu Resettlement Scheme in Solwezi East were government has demarcated 9000 farm plots to resettle farmers and the First Quantum Mining (FQM) has started mining exploration on the same piece of land. The mining explorations have been authorized by...