Economy

National Democratic Congress President Chishimba Kambwili says Mealie Meal prices in some parts of the country have hit a record high of K160. Mr Kambwili said Mealie Meal in shangombo district in the Western province is selling at between K150 to K160. He has urged Government...

Finance Minister Dr. Bwalya Ng'andu says Zambia is ready to host the 35th Annual General Meeting of the Trade and Development Bank to be held in Livingstone on Thursday, 22nd August, 2019. Meanwhile, Trade and Development Bank President Admassu Tadesse has arrived in Zambia and...

ZAMBIA'S High Commissioner to India Judith Kapijimpanga says a number of top Indian investors have shown interest to meet President Edgar Lungu during his State Visit to India this week. Mrs. Kapijimpanga says the reasons for meeting the Head of State will be to cement...

      The Industrial Development Corporation (IDC) has urged companies within the Group to emulate Zamtel and embrace innovation to support growth and profitability of their respective businesses. Officially launching the Zamtel ultra-modern Woodlands Customer Service Centre, IDC Group Chief Executive Officer Mr Mateyo Kaluba said the...

President Edgar Lungu has maintained his stance on the liquidation of Konkola Copper Mines saying it is supported by the people of Zambia. The Head of State yesterday met the Chairman of Vedanta Anil Argawal at the request of the Investor and informed him that...

The National Democratic Congress has appealed to the geological survey department to conduct a new exploration on gold deposits in the North Western province. NDC North Western Province Coordinator Marc Kalemba says it is saddening that 55 years after independence, the country has scanty details...

Infrastructure and Housing Minister Vincent Mwale has challenged Engineers in Zambia to work together to bring down the cost of constructing roads in Zambia. Mr Mwale said Government thinks that Zambian roads are expensive and that stakeholders must work to bring the cost down. He was...

The Zambia Cooperative Federation (ZCF) says six thousand job opportunities have been created under the Presidential Solar Milling Plant Initiative which was rolled out in 2015. ZCF Director-General James Chirwa said more youths will be employed as the installation of the milling plants progresses. Mr. Chirwa...

The Indian firm Nava Bharat Ventures Group operating the 300 Megawatt Maamba Coal Power Plant in Sinazongwe District says over $900 million has been invested to enable the plant run on full capacity. Chief Executive Officer Ashwin Devineni says the plant has been operating at...

Government has asked Mopani Copper Mines (MCM) to rescind its decision to close two shafts at its Nkana site. Mopani announced the shaft closures on Thursday in a move that an opposition leader said had led to 1,400 job losses. Mines Permanent Secretary Paul Chanda...

Zambia’s Gross Domestic Product (GDP) drop to 2% has been spurred by various economic and climatic factors but the shrinking growth is recoverable in the short and medium term, Alexander Chiteme, the Minister of National Planning has said. Zambia is one of the countries that...

AVIC International Zambia Limited has increased salaries for its employees by up to 10%. Company Public Relations Officer Justinah Kapambwe said those targeted for the upward adjustment are electricians, welders, carpenters and plumbers, all from the construction department. Mrs. Kapambwe said this follows a series of...

Rgw Chinese Ambassador to Zambia LI JIE has said that the increasing interest expressed by international investors in the Zambian economy reflects the enabling nature of the country’s business environment. Ambassador JIE reported that in the first half of the year , USD 260...

Hitachi Corporation, a Japanese company which also operates a heavy equipment assembly plant in the capital, Lusaka, plans to set up a skills development academy on the Copperbelt Province for Zambians involved in the mining sector. Japan has also offered to help Zambia with technical...

More than 1000 miners and other workers have lost their jobs after Mopani terminated contracts for some mine contractors on the Copperbelt. Mopani has shut down its Mindolo North and Central Shafts after they reached the end of their economic life. The mine says the...