Economy

The global trend of rising food prices may not be very far from hurting Zambia after the Energy Regulation Board (ERB) increased the price of fuel. A check by ZNBC news at Soweto market in Lusaka showed that the...

The construction of the Chipata-Mchinji Railway line in Eastern Province is likely to be completed before June. Eastern Province Minister, Charles Shawa said government has released K10 billion towards the construction of the railway line. Mr. Shawa explained that...

Albidon Mine Zambia limited in Mazabuka says it has mined 40,000 metric tonnes of Nickle ore in readiness for testing the Mill, Crusher and Concentrator which has been set for April 28. General Manager for Corporate affairs, Sixtus...

Albidon Zambia Limited (AZL) in Southern province says it would commence mining and production of nickel concentrates on April 28, 2008. AZL Chief Executive Officer (CEO) Ecen Fwanecoel told ZANIS in an interview that Nickel concentrate production was two months...

Government says the ongoing uranium mining exploration project in Southern Province is in line with its diversification of the mining industry in the country. Mines and Minerals Development Minister Dr. Kalombo Mwansa says the Kariba uranium project which is still...

The Food Reserve Agency (FRA) says K317 billion has been spent on farmers who supplied their maize in the 2007/2008 season. Public Relations Officer, Mwamba Siame said all the farmers have been paid. Mrs. Siame told ZNBC news that the agency...

The Zambia Sugar Company PLC in Mazabuka says it would explore the potential of sugarcane cultitivation in Chief Mwanachingwala's area at the end of the current expansion programme in 2011. Corporate Affairs Manager, Lovemore Sievu disclosed this in...

Bank of Zambia (BoZ) deputy Governor Tukiya Mabula has observed that the weak financial sector in Zambia was one of the main obstacles to economic development. And Dr. Mabula has observed that the Zambian laws have tended to stagnate and...

Acting Finance Minister, Felix Mutati, said government has made steady progress in reducing the country's dependncy on external assistance. Mr. Mutati said government has reduced its foreign aid dependency from 40 per cent to 24 per cent over the last...

Lumwana Mining Company (LMC) Managing Director Harry Michael has expressed worry at the illegal mining activities by unscrupulous individuals taking place in the LMC license area. Mr. Michael said it was unfortunate that some individuals had started mining...