Thursday, May 1, 2025

Economy

ZESCO to hike electricity prices

Zambian state power company Zesco Ltd. plans to hike prices for electricity by 17 to 33% from May to raise money for reinvestment in...

Investor confidence guaranteed observes Magande

National Movement for Progress Party president Ng'andu Magande has lashed out at some sections of society stating that the reversal of the ZAMTEL sale...

Arrest CEEC finance manager, parley committee urges

THE Parliamentary Public Accounts Committee (PAC) has called for the immediate arrest and prosecution of former director of finance at the Citizens Economic Empowerment...

Chinese Labour force coming into the country should be reduced-Kambwili

Labour Minister Chishimba Kambwili has said that Chinese Labour force coming into the country should be reduced and replaced with Zambians with the required...

Government ups minimum capital requirements for banks from K12 billion to K104 billion

Government has hiked the amount of money investors must deposit with the Bank of Zambia if they want to establish a commercial bank, Mr...

Government warns Job Agencies collecting money as fees from unsuspecting desperate job seekers

Government warned job agencies charging fees that they risk prosecution for obtaining money by false pretences from unsuspecting desperate job seekers. Minister of Labour...

Poverty levels still high – JCTR

THE Jesuit Centre for Theological Reflection (JCTR) says the cost of living in Zambia is still high, despite the inflation rate being stable in...

DEC working under political pressure – Zamtel Managing Director

Zamtel managing director Hans Paulsen has said that siezure of ZAMTEL accounts by the Drug Enforcement Commission (DEC) was unreasonable and calculated to frustrate...