Economy

High mealie meal prices have increased Zambia’s annual inflation rate to 9.3 percent in August from 8.8 percent last month. The annual rate of inflation has been rising for the past five months with March figures recorded at 7.5 percent rising to August’s rate...

Government has signed a memorandum of understanding with a Japanese company Toyota Tsusho and an Egyptian firm El Sewedy for the construction of two solar power stations in Western Province. The two power stations which will generate fifty megawatts of power each will be located...

The Zambia National Farmers' Union (ZNFU) says it is saddened by the reintroduction of price controls of maize by Minister of Agriculture Michael Katambo. And the Farmers body has described Mr Katambo as the Minster of Millers. The Union says it would like to disassociate itself...

Economist Oliver Saasa has commended the government for opening up investments in the country through hosting of provincial investment expositions. Professor Saasa said that it was important that the government has seen the need to showcase each province’s investment potential through an expo. He cited Northern...

Government has pledged to support efforts aimed at promoting the growth of Electronic commerce especially among Small and Medium Enterprise (SMEs) in the country. Ministry of Commerce, Trade and Industry (MCTI) Permanent Secretary Kayula Siame said in order to achieve this, the government has already...

Statement from the Hon. Minister of Information and Broadcasting Services and Chief Government Spokesperson on mealie meal prices Government wishes to express great concern over the high price of mealie meal which is reported to have reached K150 for 25kg bag of breakfast and...

Ecobank Zambia has received USD 15 million from its parent company Ecobank Transnational Incorporated (ETI). This is part of a syndicated loan facility of USD200 million arranged by the Netherlands Development Finance Company (FMO) with other DFIs in support of Ecobank Group’s strategic development objectives...

President Edgar Lungu has thanked the Indian government for enhanced cooperation between Zambia and that country. The President was speaking when he and Indian Prime Minister Narendra Modi witnessed the signing of six Memorandum of Understanding between Zambia and India. Foreign Affairs Minister Joseph Malanji signed...

The Bank of Zambia has noted that weakening economic growth, load shedding and tightening liquidity in Zambia are threatening financial stability in the market. And the Central Bank’s Monetary Policy Committee has maintained the policy rate, a key determinant in lending rates, at 10.25 percent. BoZ...

By Memory Chipili “The mantle to develop the North-Western Province rests on all of us as local residents and not non-Zambians to change the status quo and create a conducive economic diversification especially in priority sectors that can produce fruit such as agriculture, tourism, energy,...

Open dialogue and transparency between government and the private sector is needed to improve and safeguard Zambia’s investment climate, says First Quantum Minerals. The mining firm believes that a natural equilibrium must also be sought that sees Zambian people share the benefits of the country's...

Agriculture Minister Michael Katambo says crop diversification has the potential to increase availability of affordable, healthy foods and food security. Mr. Katambo says with climate change effects becoming severe on food production, crop diversification will help avert the negative impacts and increase income for many...

The Private Sector Development Association (PSDA) says it expects the 2020 national budget to focus on economic stimulation through enhanced private sector growth. Association Chairperson Yusuf Dodia says there is need for government to put in place a deliberate measure that will see a larger...

Minister of Energy Mathew Nhkuwa has disclosed that government is exploring various measures aimed at mitigating the energy crisis that the country is facing. Mr Nhkuwa noted that the current electricity deficits caused by the low water levels in most hydro generating water resources is...

President Edgar Lungu hjas said that the Zambian Government is looking forward to receiving serious investors into the country who will respect the national values, investors who will not abrogate labour laws, and investors who are not only interested in profit-making, but...