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Alba Iulia
Friday, January 22, 2021

Economy

IMF studying Zambia’s Economic Recovery Programme

The International Monetary Fund has revealed that it is now studying the recently launched Zambia Economic Recovery Programme to see how it could help finance it. IMF Communications Director Gerry Rice announced during a press conference in Washington that the...

Government disburses over K1, 3 million to 30 youth Cooperatives in Kapiri Mposhi District

Government has disbursed over K1, 3 million to 30 youth Cooperatives in Kapiri Mposhi District as empowerment for them to venture into various income-generating activities. The funds are part of the K470 Million Multi-sectoral Youth Empowerment Fund under the Ministry...

EU grants Zambia 23 million Euros for increased access to electricity

The European Union has given government, a grant of 23 million Euros towards the 62.5 million Euros Increased Access to Electricity and Renewable Energy Production (IAEREP) project under the Rural Electrification Authority (REA). ZANIS reports that Secretary to...

President Lungu desire to see the economy continues to grow amidst external shocks, Ministers tells Petroleum Transporters

The government has maintained that there is need for stakeholder engagement in order to keep the country's economy afloat. Transport and Communications Minister Hon Mutotwe Kafwaya said that it is President Edgar Lungu's desire to ensure that the country's economy...

Zambia Revenue Authority Collected K57.7 billion last year in Taxes

The Zambia Revenue Authority (ZRA) has announced that it collected a net collection of K57.7 billion last year. ZRA Commissioner General Kingsley Chanda says this outturn was 17.7 percent of Gross Domestic Product (GDP) compared to 17.8 percent of GDP...

Village banking members urged to invest

Government has advised beneficiaries of the village banking programme to be strategic in investing the money so that it can help them to deal with economic challenges that will come with the second wave of the Covid-19 pandemic. Chipata...

Zambia’s Ambassador to Germany Anthony Mukwita lauds Amatheon Agri-Company

Zambia’s Ambassador to Germany Anthony Mukwita has commended Amatheon Agri Holding N.V, a private Agro investor from Germany for creating 2000 jobs in Zambia and introducing new Agro products for export. Ambassador Mukwita said he is pleased that, the...

Capitalize on high copper prices-Dodia

An Economic Analyst Yusuf Dodia says a rise in copper prices is good news for a commodity-driven country like Zambia as there will be more foreign currency. Mr Dodia said more foreign exchange will translate into an...

Fuel Supply in Zambia is back to Normal-Energy Minister

Energy Minister Matthew Nkhuwa says the country should expect to see constant fuel supply on the market. Mr. Nkhuwa says this is because a number of fuel dealers have started importing fuel into the country following the removal VAT on...

Lawrence Sikutwa sells off his shares in Madison Finance for US$ 35 million.

Lawrence Sikutwa & Associates Limited and ZFI Holdings Limited, the two largest shareholders in Madison Financial Services (MFS), have separately executed Share Purchase Agreements with XYLEM Trading Limited, relinquishing their combined 72.05 per cent shareholding in the insurance giant...
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Numba: Zesco Didn’t Underrate Nkwazi

Zesco United coach Mumamba Numba insists Wednesdays 1-0 loss to Nkwazi was not a result of overconfidence after beating...
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