Economy

THE Lusaka Stock Exchange building on Lusaka’s Cairo road yesterday caught fire but quick action by the firemen saved the building from severe damage. A...

ZAMBIA and Botswana have finally signed a loan agreement with the Japanese government to finance the construction of the Kazungula bridge project. The bridge project...

The Bank of Zambia says the appointment of its former Deputy Governor Danny Kalyalya to the position of Executive Director on the...

The Poultry Association of Zambia (PAZ) has described as false allegations that it has been exporting the breeding stock of chicks to South Africa. ...

The United States government has expressed optimism that Zambia is economically well placed and stands more advantaged to grow to about 7 percent due...

Zambia Breweries plc (ZB) has refuted reports that there is a shortage of beer in the country. Zambia National Breweries Corporate Affairs Director Luke Njovu...

Finance Minister Alexander Chikwanda this afternoon presented a K32.2 trillion budget to parliament for 2013. This translates into 26.6 percent of the Gross Domestic Product (GDP). Mr Chikwanda said a total of K24.7 trillion or 76.8 percent of this expenditure will be financed by raising domestic revenues while K1.5 trillion or 4.6 percent would be financed from grants from cooperating partners. He said the balance of K5.9 trillion or 18.4 percent of the budget would be raised by external and domestic borrowing.

President Michael Sata says Zambia is more strategically positioned to provide prospective business and investors’ access to two large regional markets. Addressing chief executives from...