9.5 C
Alba Iulia
Monday, April 6, 2020

Economy

Proflight grounds all flights

Proflight has suspended operations for 30 days due to the COVID-19 pandemic. The airline will cease international flights effective from today, March 27, 2020, and domestic flights will not operate between April 1 and April 30. The airline plans to resume...

Government considering suspending funding to C400 road rehabilitation Projects

Housing and Infrastructure Development Minister Hon Vincent Mwale says government remains committed to funding the C400 road rehabilitation and construction project on the Copperbelt. The Minister says the Ministry of Finance is seriously considering ways and means of funding the...

Government to releases 8 thousand metric tons of Maize on Copperbelt to stabilse mealie meal prices

The government has arranged 8 thousand metric tons of maize to be sent to the Copperbelt Province under the tripartite agreement to stabilise maize and mealie-meal supply in the region. Ministry Agriculture Permanent Secretary Songowayo Zyambo says this has been...

COVID-19: Impact On Economy Not Known, Dr Ng’andu

Finance Minister Bwalya Ng’andu says the full impact of the coronavirus on the economy is not yet known as the pandemic is still evolving. Dr. Ng’andu says it is, therefore, difficult to assess exactly how it will affect the economy...

COVID-19: Tourism Losses Increase

Tourism Minister, Ronald Chitotela says the tourism sector in Zambia has seen an increased loss of over US$6 million resulting in cancellations of tourists’ planned visits. Mr. Chitotela says Eastern province is the most affected, with losses amounting to over...

Halt trade for now, Cross border traders implored

The Southern Africa Development Community (SADC) Cross Border Traders Association has appealed to cross borders in the SADC region to comply with the border and health management regulations that have been put in place to address the spread of...

Transport Ministry wants Suspension of International Flights at Airports till further notice

The Ministry of Transport and Communication has written to the Secretary to the cabinet recommending the suspension of International flights from landing at Harry Mwaanga Nkumbula, Simon Mwansa Kapwepwe and Mfuwe International Airports from Friday 27th March, 2020 until...

Africa should not pay interest on debt owed to West due to Coronavirus-Dr Habaazoka

The Economic Association of Zambia has observed that Africa’s economies risks collapsing if the African Union does not collectively agree and declare that it will not pay interest on debt for the duration of the Corona...

Zambian Banker appointed as Absa Uganda new Managing Director

Zambian Banker Kenneth Mumba Kalifungwa is the new Managing Director of Absa Bank Uganda Limited. “We are delighted to announce the appointment of Mumba Kalifungwa as Managing Director of Absa Bank Uganda Limited,” the company said in a statement. Mr. Mumba...

COVID-19 Economic turbulence hits Zambia: What does this mean for Zambia and for International Cooperation?

Fr. Charlie Chilufya, S.J. Economic and financial turbulences worsened by the COVID-19 crisis are fast appearing for Zambia as prices soar and as the Kwacha goes into a fast-downward spiral and free fall. If not resolved by both Zambia and...

Latest News

Robin Siame Enjoying Life at GBFC

Green Buffaloes winger Robin Siame is enjoying life at the Zambia Army club. Siame joined Buffaloes from Kitwe United at...

Lusambo warns Nutricom Food and Beverage Limited for claiming their Ginger Kombucha Energy drink can prevent Corona virus

Lusaka Province Minister Bowman Lusambo has warned that government will not allow business entities in Zambia to produce misleading adverts that their products can...

Government releases over K5.6 billion to finance developmental, service delivery programmes

The National Treasury released last month released a sum of K5.64 billion to finance various developmental and public service delivery programmes in the country. Of...

Germany organisations donate ambulance to Kaindu clinic

Zambia’s Ambassador to Germany Anthony Mukwita has applauded Amatheon Agri and the German Arbetheir-Samariter Bund (ASB) for investing in Zambia’s health and agriculture sectors. Mr....

Street Vending is still illegal in Zambia, says Local Government Minister

Local Government Minister Charles Banda has reiterated that street vending in the country is illegal unless when conducted in designated places as prescribed by...
[Read 4 times, 1 reads today]