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Alba Iulia
Saturday, January 25, 2020

Economy

Zambia Airways is another case of Sales Tax

By Bright Chizonde Researcher-CTPD The Center for Trade Policy and Development (CTPD) is greatly concerned with the poor management of the decision to relaunch Zambia Airways. The limited consultation, poor planning, lack of transparency, inclusiveness, and limited engagement with the public...

Barclays Bank Zambia PLC to change to Absa Bank Zambia PLC in February

Barclays Bank Zambia PLC today announced that it will officially change its name to Absa Bank Zambia PLC on Monday, 10 February 2020. The Bank will legally trade as “Absa Bank Zambia PLC” in Zambia from this date while...

ZESCO to get less water for Electricity Generation from Zambezi River Authority in 2020

The Zambezi River Authority has allocated 11 billion cubic meters of water to ZESCO for power generation for this year compared to 17 billion cubic meters in 2019. ZESCO Managing Director Victor Mundende says the water allocation is subject to...

Zambia Compulsory Standards Agency says Unsafe Dangote Cement was not sold on the Market

The Zambia Compulsory Standards Agency (ZCSA) has dispelled social media reports alleging that the Agency allowed Dangote cement to be sold on the market after allegedly failing to meet the required standardized tests. ZCSA Communications Officer, Caroline Kalombe said that...

Kenyan firm buys Alexander Forbes stake in Zambia

Nairobi-based financial services provider Octagon Africa has completed the purchase of a 49 per cent shareholding in Alexander Forbes Financial Services Zambia. This follows an announcement on the Johannesburg Securities Exchange News Service (SENS) by Alexander Forbes Group Holdings to...

President Lungu launches the Cassava Outgrower scheme for Sunbird Bioenergy refinery in Kawambwa

President Edgar Lungu has launched the Cassava Outgrower scheme for the US$190m Sunbird Bioenergy refinery in Kawambwa district. The company targets to engage 20-thousand farmers by 2021 spending about 20-million dollars on farmers annually. President Lungu says the cassava processing plant...

Dangote Cement Fires It’s Quality Manager After Failing Zambia Compulsory Standard Tests

Dangote Cement has fired it's Quality Manager after the company's product failed the Zambia Compulsory Standard Agency tests. Dangote is one of the major manufacturers of Cement in the country with a countrywide influence on the price of the commodity...

First Quantum weighs $1 billion Zambian copper mine expansion – document

TORONTO/LONDON (Reuters) - Canadian miner First Quantum Minerals Ltd is weighing an investment of around $1 billion to lift output at Africa's biggest copper mine in Zambia, a company document seen by Reuters showed, despite a feud with state...

Zambia 2019 copper output drop due to new mining taxes-Chamber of Mines

Zambia's copper sector, which dominates the country's export economy, saw production drop in 2019 due to new mining taxes, which were also the primary cause of the drying up of investment, Zambia Chamber of Mines President Goodwell Mateyo told...

2019 has been a disappointing, depressing and difficult year for the local business community

Ground Focus Group Chief Executive Officer Jimmy Mubashi says 2019 has been a disappointing, depressing and difficult year for the local business community. Mr. Mubashi says 2019 ended on a very difficult note with very depressing economic circumstances as the...

Latest News

Lwandamina Demands Honourable Win From Zesco

Zesco United coach George Lwandamina says the onus is on his team get their first Group...

140 Chingola Residents rushed health centers after their houses were spread with unknown chemicals

About 140 residents of Chingola were this morning rushed to various health centers across the district after their houses were last night spread with...

Government urged to unlock the water channels leading to Lunga District.

The Civil Society Scaling Up Nutrition Alliance has urged the government to provide financial support to the Lunga District Administration to start unlocking the...

Kamba reacts angrily to media reports questioning his source of funding for his Mansion in New Kasama.

PF Lusaka Province Secretary Kennedy Kamba has reacted angrily to media reports questioning his source of funding for the mansion he has built in...

Government has released K 4 Million towards the construction of the 113 kilometre Musaila-Lubwe Kasaba road

Government has released K 4 Million towards the construction of the 113 kilometre Musaila-Lubwe Kasaba road in Luapula Province. Housing and Infrastructure Development Minister Vincent...
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