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Alba Iulia
Friday, September 25, 2020

Economy

US$472.5 million of transferred funds suspected of fraud in Zambia

Funds amounting to $472.5 million transferred from the United States to Zambia between 2007 and 2017 are suspected to be the proceeds of bank fraud. This is according to revelations made this week by the International Consortium of Investigative Journalists...

Controlling stake in Mining Companies will Guarantee more Jobs-Lusambo

Copperbelt PF Mobilisation Chairman Bowman Lusambo says the decision by government through ZCCM-IH to increase its stakes in mining companies will benefit more miners. Mr Lusambo said the decision will guarantee and secure the mining jobs as government will have...

No Fuel Price Review Disccusion despite 20% Kwacha Depreciation-ERB

The Energy Regulation Board (ERB) has clarified that currently there is no fuel price review discussions contrary to assertions of a possible fuel price hike following the 20 percent depreciation of the kwacha. ERB Manager Public Relations Kwali...

Government still considering the right course of action on the issue of privatization during MMD era

Vice President Inonge Wina has said that Government is still considering the right course of action to take regarding the issue of privatization of the country’s assets during the Movement for Multiparty Democracy (MMD) regime. Mrs. Wina has described the...

Submit proposals to Government, President Lungu urges the business community

President Edgar Lungu says the government is ready to listen and take on board proposals from the business community on how to enhance the country’s economy. President Lungu said the business community should not just concentrate on lamenting but should...

Turkish businessmen seek Zambian partnerships

Turkish Industrialists and Businessmen have pledged to partner with the business community in Zambia to promote trade and investment between the two countries. This came to light when an eight-member delegation of business executives from Bursa, one of Turkey’s industrial...

Encroachment on natural water recharge worry water authority

Water Resources Management Authority (WARMA) has expressed worry that Mufuchani spring, a natural water recharge will be disrupted in Kitwe’s Mufuchani area where farmers have started demarcating their farms into residential areas. WARMA Director General Kenneth Nyundu...

UK govt pledges support towards conserving and protecting Zambia’s natural resources

The United Kingdom government has pledged support to Zambia in the conservation and protection of natural assets. British Commissioner to Zambia Nicholas Woolley says caring for the world’s biodiversity, mitigating the global impacts of climate change is one of the...

Bank of Zambia says Major foreign currencies continue to pressurize Kwacha

The Bank of Zambia says the Kwacha in the recent past weeks has come under pressure from major foreign currencies owing to low imports by the mining sector and COVID – 19 which has impacted global trade. Bank of Zambia...

First Quantum eyes operations expansion at Kansanshi mine

First Quantum Minerals Ltd has announced that it plans to expand operations at the Kansanshi mine. In a technical report, the company said it plans to expand the sulphide ore processing facility at the Kansanshi mine by 25 million tonnes...
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Latest News

Sub-Saharan Africa gets US$2.6 million in healthcare electrification grant

The Power Africa through the United States Agency for International Development (USAID) has announced a grant totaling over US$2.6...

CEC committed to ploughing back to the community

Copperbelt Energy Corporation (CEC) Senior Manager for Social and Economic Development, Dorcas Mvula says her firm is committed to carrying out Corporate Social Responsibility...

Government implements project to reduce child marriage

Ministry of Gender Permanent Secretary Sastone Silomba said Zambia has been implementing the India, Brazil, South Africa (IBSA) pilot project aimed at reducing child...

Minister of Finance Unveils a K119.6 Billion Proposed 2021 National Budget

Finance Minister Bwalya Ng’andu has unveiled a K119 billion proposed National Budget for 2021 aimed at laying a foundation for economic recovery, safeguarding livelihoods...

2021 Full Budget Speech By Finance Minister

Mr Speaker, I beg to move that the House do now resolve into Committee of Supply on the Estimates of Revenue and Expenditure for...