Finance Minister assures Investors, Zambian Government is on course with the economic reform and transformation agenda

Finance Minister Dr BWALYA NG'ANDU addressing investors from North America, South America, Europe, Middle-East and Asia, at an Investors Forum held at the Hay Adams Hotel in Washington DC, USA
The Zambian Government is on course with the economic reform and transformation agenda despite the country's power supply and fiscal space constraints, Finance Minister Dr BWALYA NG'ANDU has said. Making a presentation to Zambia's financial asset investors on the sidelines of the 2019 Annual Meetings...

Economics Association of Zambia urges South Africa businesses operating in Zambia to increase the use of local banking services

Economics Association of Zambia president Dr Lubinda Habazoka
Economics Association of Zambia president Dr Lubinda Habazoka has called on South Africa businesses operating in Zambia to increase the use of local banking services. Dr Habazoka has said the use of local banks will help foreign businesses sustain their investments in Zambia. He was speaking...

Engage profitably with IMF/World Bank, no time for shopping-Chibamba

Chibamba Kanyama
Economist Chibamba Kanyama has urged the Zambian delegation attending the World Bank/IMF Annual Meetings in Washington DC to approach the meetings seriously. Mr Kanyama said the team led by Finance Minister Dr. Bwalya Ng’andu and his counterpart at Planning Alexander Chiteme should not use the...

Zambia’s Finance Minister in Washington for IMF and World Bank Annual Meeting

Finance Minister Dr BWALYA NG'ANDU says observations raised by the public on the 2020 Budget have helped to structure and sharpen Zambia's resolve to address public concerns ahead of the planned engagements with bilateral and multilateral cooperating partners at the ongoing 2019 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington DC, United States of America
  Finance Minister Dr BWALYA NG'ANDU says observations raised by the public on the 2020 Budget have helped to structure and sharpen Zambia's resolve to address public concerns ahead of the planned engagements with bilateral and multilateral cooperating partners at the ongoing 2019 Annual Meetings...

ZESCO announces increased load shedding

Power Utility Company Zesco has announced there will be increased load shedding countrywide from 19th October 2019 for a period of 12 days due to the limitation of power generation. This follows the taking out of service of one generating unit at Maamba Collieries Limited...

Government will not allow Mopani to disadvantage local contractors and suppliers-Musukwa

Minister of Mines and Minerals Development Honourable Richard Musukwa has reiterated that the suspension of the new procurement method at Mopani Copper Mines still stands.
Minister of Mines and Minerals Development Honourable Richard Musukwa has reiterated that the suspension of the new procurement method at Mopani Copper Mines still stands. Mr. Musukwa said that the new procurement method called “Mopani’s contractor optimization programme,” disadvantages Zambian Citizens and is contrary to...

Government pledges continued support to the film industry

President Edgar Lungu
President Edgar Lungu has emphasized on the need to support local content in the country's film industry. President Lungu has noted that Zambians must realize that the film industry can be a good source of income if well harnessed. He says the film industry is also...

K418million not collected In 2018

The Auditor General’s report for the financial year ending December 31, 2018 has highlighted failure to collect K418 million in revenue as the highest irregularity for the period under review. Head of Public Relations in the Office of the Auditor General Ellen Chikale says the...

Zambia expected to produce over 3 million metric tones of maize in the 2019-2020 farming season

Agriculture Minister Michael Katambo
Minister of Agriculture Hon. Michael Katambo has stated that Zambia’s agriculture sector is expected to produce over 3 million metric tones of maize in the 2019-2020 farming season, and an increase of about 3.5 million metric tones in the 2020-2021 farming season. He said going...

Private sector is struggling – Zambia Tax Platform

Minister of National Development Planning Alexander Chiteme handing over awards to various recipients on behalf of Government institutions and private sector companies during the Labour Day Celebrations in Mbala on 1 May 2018. – PHOTO | CHIBAULA D. SILWAMBA | MNDP
The Zambia Tax Platform is concerned with the measures set out in the 2020 national budget aimed at stimulating the domestic economy. Zambia Tax Platform Coordinator Ibrahim Kamara says it is evident that the private sector in the country has continued to struggle despite being...

ZRA pleased with new VAT measures

ZRA Commissioner General Kingsley Chanda
The Zambia Revenue Authority is pleased with the new VAT measures proposed in the 2020 budget by the Minister of Finance Dr. Bwalya Ng’andu. ZRA Commissioner General Kingsley Chanda said the decision by Government to maintain the Value Added Tax will be implemented by the...

Kafwaya challenges ZICTA to start sanctioning mobile phone companies for shoddy services

Transport and Communications Minister Mutotwe Kafwaya has challenged the Zambia Information and Communications Technology Agency to start sanctioning mobile phone service providers that are providing below par services.Mr Kafwaya said ZICTA should start getting tough on service providers that flout standard of service guidelines. He...

Barrick’s $1bn Lumwana mine in Zambia attracts Chinese interest

The Lumwana copper mine is located about 100 km west of Solwezi in Zambia’s Copperbelt. (Image courtesy of Barrick Gold.)
China Minmetals, Jiangxi Copper and Zijin Mining are among the firms weighing to bid for Canadian mining firm Barrick Gold’s Lunwana copper mine in Zambia. If the deal materialises, the mine could be worth approximately $1bn. China Molybdenum and Aluminum Corp were also invited to take...

TAZARA to be recapitalized-Ministers

Tazara
The Council of Ministers from Zambia and Tanzania has resolved to finance the re-capitalization of the Tanzania-Zambia Railways. During a meeting held in Dar-es-salaam, the Council of Ministers notes that the performance of Tazara remained below break-even point and therefore requires immediate action to...

Government is doing everything possible to address Zambia’s power deficit-President Lungu

President Edgar Chagwa Lungu (centre) accompanied by Minister of Agriculture Michael Katambo (left) and National Milling Corporation Managing Director David Bosse tour the Ultra Modern New Mill in Lilayi, Lusaka on Friday, October 11,2019 .
President Edgar Lungu says government is doing every possible to address the power deficit the country is experiencing. The President has observed that the power deficit is impacting negatively on agricultural production and other economic sectors. Meanwhile, President Lungu says the Zambian government has embarked on...