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Alba Iulia
Tuesday, August 11, 2020

Economy

Parastatal and Statutory institutions remit statutory obligations amounting to 3.4 billion Kwacha

Parastatal and statutory institutions failed to remit statutory obligations amounting to 3.4 billion Kwacha in 2018. This is according to the Report of the Auditor General on the accounts of Parastatal Bodies and other statutory institutions for the...

President Lungu calls for debt relief and cancellation in light of reduced revenue in call with Chinese President

President Edgar Lungu yesterday held a telephone meeting with President Xi Jinping of the Peoples’ Republic of China. During the meeting, the two Heads of State acknowledged the excellent relations between the two countries. They undertook to further enhance...

Forged Certificate gets Diaspora Support Initiative Suspended from Participating in Public Procurement in Zambia

The Zambia Public Procurement Authority has with immediate effect suspended Diaspora Support Initiative Limited from participating in public procurement in Zambia for a period of two years, for submitting a forged Compliance Certificate. This is pursuant to Section 65 of...

ZCCM-IH will take up a more active role as an investor in the mining sector-IDC CEO

IDC Group CEO Mr Mateyo Kaluba has said ZCCM-IH will take up a more active role as an investor in the mining sector rather than being a holding company for the Government’s minority shares. Mr Kaluba said ZCCM-IH should meet...

Zambezi River Authority has increased water allocation for power generation operations at Kariba

The Zambezi River Authority has increased water allocation for power generation operations at Kariba by 4 billion Cubic Meters. This follows a review of the hydrological outlook at Kariba undertaken at the end of the second quarter of 2020. Zambezi River...

Zambia needs a new economic order-The Golden Party

The Golden Party says Zambia needs a new economic order to respond and adapt to the new normal beyond short term economic stimulus packages recently prescribed. Party President Jackson Silavwe says many countries in Africa, Zambia inclusive are experiencing economic...

Government has disbursed 19 million Kwacha to 35 Small Medium Enterprises-Yaluma

The government has disbursed 19 million Kwacha to 35 Small Medium Enterprises-SMEs, Producers’ Organisations and farmers. Of the amount, SMEs have received 10-million Kwacha while producers’ organizations and farmers have been given nine million. The funds under the auspices of the...

Zambia’s K8 Billion Covid-19 Bond- Restating The Facts On Economic Stimulus Plan

By Bernadette Deka Zulu - PMRC Executive Director Zambia’s cabinet recently approved the establishment of an economic stimulus package that will be financed through the issuance of a COVID-19 bond. This is in addition to other economic measures instituted...

FRA will find it hard to meet the 1 Million Maize Purchase Target

The Center for Trade Policy and Development says the Food Reserve Agency will have a serious challenge in meeting the targeted One Million Metric tons of grain in the 2019/2020 Marketing Season. In May this year, Agriculture Minister Michael Katambo...

K950 million paid to institutions to clear outstanding bills to suppliers of goods and services during the COVID-19 pandemic

Finance Minister Dr. Bwalya Ng’andu has disclosed that K950 million has been paid to institutions to clear outstanding bills to suppliers of goods and services during the COVID-19 pandemic. Dr. Ng’andu said K500 million was released to the Public Service...
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Kamanga Congratuates Champions Nkana

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Zesco United Congratulate Successors Nkana

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Ndola Lime Company not sold-ZCCM-IH

The ZCCM-IH has denied signing a memorandum of understanding Global Human Benefit Zambia Limited for the sale of a 65% stake and the...

Cabinet Approves Introduction of Bills to Provide for Economic Processing and Exportation of Cannabis

Cabinet has at its 18th meeting today approved, in principle, to the introduction of Bills in Parliament to provide for cultivation, processing and exportation...