Economy

-Government says it intends to upgrade the Pedicle Road once the construction of the Chembe Bridge across the Luapula River is completed. Mines and Minerals Resources Minister, Kalombo Mwansa, disclosed that government has set aside funds for the improvement of...

Government has no intentions of privatizing the embattled Nitrogen Chemicals of Zambia, NCZ, because it is a strategic national asset. And Government through cabinet has approved a K58.5 billion for recapitalization and payment of benefits to rentrenched workers at NCZ. Acting...

Zambia and Mozambique have sighed a Memorandum of Understanding, MoU, on Science and Technology as tools for enhanced cooperation for the economic development of the two nations. Science and Technology Minister, Peter Daka signed on behalf of Zambia while Mozambique...

The Millers Association of Zambia, MAZ, has described as unjustified the increase in mealie meal prices by some traders. MAZ vice Chairperson, Peter Cottan, told ZANIS in an interview that some traders have taken advantage of recent speculations that indicated...

Kansanshi Copper Mine in Solwezi in the North Western Province has paid over $30 million to the Zambian government under the newly introduced windfall tax on mining firms. Finance Deputy Minister, Jonas Shakafuswa said government expects other mining firms to...

The Energy Regulation Board (ERB) says increased industrial activity on the Copperbelt has contributed to the energy deficit in Zambia. ERB Copperbelt Regional Office Manager, Yohane Mukabe says most existing mines are expanding their operations. He said this is in order...

Lusaka Province Permanent Secretary Elijah Chisanga has expressed disappointment at the failure by most provincial heads to attend developmental and planning meetings. Mr. Chisanga has since appealed to technocrats to not belittle such meetings as they are meant for the...

Acting Northern province Permanent Secretary, Gabriel Kaunda, has asked the Zambia Electricity Supply Corporation, ZESCO, to consider upgrading Chishimba and Luzuwa Hydro-Electric power stations in Kasama and Mbala district. Mr Kaunda is of the view that expanding the two hydroelectric power...

Alfa and Crux Mining Group of South Africa have supplied mining equipment worth over US$2 million to Kampelembe Manganese Mine of Mansa. Alfa and Crux Mine Engineer and Quality Controller, Gerhard Weltsz, said the equipment would enable Kampelembe mine to...

Bank of Zambia Governor, Caleb Fundanga, has advised people in Solwezi to obtain title deeds for their land which could serve as collateral for access to loans from financial institutions. Dr Fundanga said people, who do not own land could...