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Economy

TAZARA records improvement in freight traffic

The Tanzania-Zambia Railway Authority (TAZARA) has registered a four percent improvement in freight traffic in 2020 compared to the previous financial year which ended...

Parliament ratifies Mvunga’s appointment as BOZ Governor

Parliament has unanimously ratified President Edgar Lungu's appointment of Christopher Mvunga as Bank of Zambia (BOZ) Governor replacing Denny Kalyalya. This came to light when...

Collection of Revenue by councils on behalf Zambia Revenue Authority welcomed

A land Rights activists in Kitwe has welcomed the initiative by the government to allow councils across the country to be collecting certain taxes...

Government has not defaulted or failed to pay back the Euro Bond-Antonio Mwanza

PF Deputy Media Director Antonio Mwanza has said that the Government has not defaulted or failed to pay back the Euro Bond. ...

Holders of Zambian Eurobonds Reject Government Request to Delay Interest Payments

A group representing many holders of Zambian Eurobonds has rejected a government request to delay interest payments until April, but said it was ready...

ZCTU happy with PAYE threshold exemption

The Zambia Congress of Trade Union (ZCTU) is elated by the government’s decision to raise the pay as you earn tax exception threshold to...

Zambia seeks restructure deal with creditors within six months

Zambia, the first African nation to seek debt relief from Eurobond holders since the onset of the pandemic, aims to reach a restructuring deal...

IDC to secure $1bn to invest in Zambia Railways Limited

The Industrial Development Corporation says it will secure $1bn to invest in rolling stock and infrastructure that will modernise Zambia Railways Limited. Group CEO Mr...