Economy

 President Levy Mwanawasa has paid glowing tribute to the United Kingdom for its assistance towards Zambia's national development. Speaking at State House today when the Duke of Gloucester, Prince Richard, paid a courtesy call on him, Mr. Mwanawasa said United Kingdom...

A London High Court has held Former second republican president Dr. Frederick Chiluba and four others to have conspired in defrauding Zambia of US$25 million and US$21 million respectively from two major conspiracies. The funds were mostly siphoned from the,...

Some Lusaka traders have welcomed the decision by Lusaka City Council to rid the streets of vendors. In random interviews, the traders said the action would remove most of the problems that traders especially shopkeepers have been facing along the...

The Tourism Council of Zambia (TCZ) is concerned that Zambia continues  to be one of the most  expensive tourist destinations in Africa. TCZ board chairman Jacob Simwanza says this has made the country to continue losing a number of foreign tourists. Mr...

Southern province Minister, Joseph Mulyata, says government is working hard to create an environment for increased production necessary for national economic growth. Mr Mulyata said government is currently increasing the hydro electricity sector's capacity to provide electricity to the new mines...

Government has reiterated its commitment to work with the private sector and it's cooperating partners on initiatives that aim to exploit the development potential of Luapula Province. Provincial Minister, John Chinyanta also said the continued cooperation between government and partners would...

Belgium has pledged to write off Zambia’s debt of more than K21 billion (US$5 million), with President Mwanawasa calling on investors from that country to consider investing their money in various developmental areas. Belgium’s Ambassador to Zambia, Peter Maddens, said...

The United Kingdom Royal Court of Justice in London yesterday ruled that Zambia should pay US$15.4 million to Donegal International, the Vulture Fund that sued Zambia for US$55 million debt. And commenting on the judgement in an interview in Lusaka...

Municipal Council (MMC) on the Copperbelt Province has set aside K 600 million for street lightning projects in the border town. Town Clerk, Charles Mwandila, disclosed the development in an interview with the Zambia News and Information Services (ZANIS)...

The government announced on Monday that the country faced a major electricity crisis as power generation capacity had not kept pace with an economic growth spurt. The energy ministry said in a statement that power supply would be outstripped...