9.5 C
Alba Iulia
Thursday, April 2, 2020

Economy

ZCCM-IH to appeal against the Lusaka High Court judgment delivered in favour of First Quantum Minerals

ZCCM Investments Holdings Plc (ZCCM-IH) has said that the company intends to appeal against the Ruling of the Lusaka High Court delivered on 23 March 2020 regarding a matter the firm commenced in 2016, against First Quantum Minerals Limited...

Zambia Revenue Authority to undertake a Tax Compliance Audit on Copperbelt Based Millers

The Zambia Revenue Authority (ZRA) will undertake a tax compliance audit on Copperbelt based millers as soon as the list of those that have an agreement with the government is cleared by the Commissioner General's office. ZRA Indirect...

Zambian Crocodile Farmers Association commends government’s move to suspend export duty

The Zambian Crocodile Farmers Association has commended government’s move to suspend export duty on crocodile skins as part of measures to support the economy amid the global COVID-19 pandemic. Minister of Finance Bwalya Ng’andu on Friday announced various measures that...

First Quantum re-routing Zambia copper exports after SA imposes border restrictions

First Quantum Minerals was exporting copper from its Zambian mines through alternate routes after restrictions were imposed by South Africa. Commenting in an update regarding its handling of operations in response to the COVID-19 threat, the Toronto-listed firm also said...

Vedanta CEO resigns

Vedanta Ltd says its Chief Executive Officer Srinivasan Venkatakrishnan has resigned citing personal reasons. The resignation will be effective April 5, Vedanta said in a Bombay Stock Exchange filing. “The board of directors of the company in their meeting held on...

Proflight grounds all flights

Proflight has suspended operations for 30 days due to the COVID-19 pandemic. The airline will cease international flights effective from today, March 27, 2020, and domestic flights will not operate between April 1 and April 30. The airline plans to resume...

Government considering suspending funding to C400 road rehabilitation Projects

Housing and Infrastructure Development Minister Hon Vincent Mwale says government remains committed to funding the C400 road rehabilitation and construction project on the Copperbelt. The Minister says the Ministry of Finance is seriously considering ways and means of funding the...

Government to releases 8 thousand metric tons of Maize on Copperbelt to stabilse mealie meal prices

The government has arranged 8 thousand metric tons of maize to be sent to the Copperbelt Province under the tripartite agreement to stabilise maize and mealie-meal supply in the region. Ministry Agriculture Permanent Secretary Songowayo Zyambo says this has been...

COVID-19: Impact On Economy Not Known, Dr Ng’andu

Finance Minister Bwalya Ng’andu says the full impact of the coronavirus on the economy is not yet known as the pandemic is still evolving. Dr. Ng’andu says it is, therefore, difficult to assess exactly how it will affect the economy...

COVID-19: Tourism Losses Increase

Tourism Minister, Ronald Chitotela says the tourism sector in Zambia has seen an increased loss of over US$6 million resulting in cancellations of tourists’ planned visits. Mr. Chitotela says Eastern province is the most affected, with losses amounting to over...

Latest News

2020 Labour Day gatherings cancelled

The government has announced the cancellation of gatherings for Labour Day events at national, provincial and district levels. Minister of...

Let’s support Lungu in fighting COVID-19-Lusambo

Lusaka Province Minister Bowman Lusambo has called on Zambians to continue rallying behind President Edgar Lungu as the country intensifies its battle against the...

WHO concerned about Africa as COVID-19 cases accelerate across the continent

With more than 6000 COVID-19 cases reported in Africa, the virus is threatening fragile health systems on the continent. Infections are increasingly spreading not...

Barotse Royal Establishment appeals to people in Western Province to adhere to the preventive measures outlined against COVID-19

The Barotse Royal Establishment (BRE) has appealed to the people in Western Province to be deliberate and adhere to the preventive measures outlined...

ZACCI proposes buy, sell local during lockdowns

The Zambia Chamber of Commerce and Industry (ZACCI) has advised government to consider supporting import substitution measures by giving markets the priority to buy...
[Read 4 times, 1 reads today]