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Alba Iulia
Sunday, September 20, 2020

Economy

ZCCM-IH opens talks with Glencore as it seems to increase Mopani stake

Glencore and ZCCM-IH are in talks about ZCCM-IH acquiring additional shares in Glencore subsidiary Mopani Copper Mines, Glencore and Mines Minister have revealed. ZCCM-IH holds a 10% stake in Mopani Copper Mines. Glencore is the majority owner with 73.1% and First...

Uganda pharmaceutical company halts exports to Zambia over unpaid debts

Cipla Uganda, the biggest manufacturer of drugs in that country, has suspended exports to Zambia, over unpaid invoices on products worth almost $12m, over two years. Cipla’s Uganda may be warning investors of problems in Zambia, but yesterday it also...

PF Media Director hints at the Reason for Bank of Zambia Governor’s Dismissal

The ruling Patritic Front Media Director Sunday Chanda has hinted that the Bank of Zambia Governor Denny Kalyalya has been dismissed because of the poor disbursement of the stimulus package into the economy. In a post responding the opposition United...

The Dismissal of Dr. Denny Kalyalya is Another Sad Development for Zambia-HH

By Hakainde Hichilema "What has happened at BOZ is like replacing an experienced heart surgeon with a mechanic, in the middle of heart surgery". The PF is at it again with its typical hallmark of failure in upholding the...

Minister denies authorising Mopani to Move Procuring of Contracts and Supply to South Africa

Minister of Mines and Minerals Development Honourable Richard Musukwa has said that allegations that he has given Mopani a go-ahead to move their Forward Purchase Agreement (FPA) to South are false and should be ignored by all well-meaning Zambians. The...

Come up with alternative banking strategies tol make debt servicing easier for customers-Finance Minister

Finance Minister Bwalya Ng’andu has challenged banks to come up with alternative banking strategies that will make debt servicing easier for customers during the COVID-19 period. Dr. Ng’andu says the rise in Covid-19 infections has resulted in a significant...

Ministry of Labour not happy with the salary disparities at TAZARA between Zambian and Tanzanian workers

The Ministry of Labour is not happy with the salary disparities at TAZARA, between Zambian and Tanzanian workers. The Ministry has discovered that TAZARA workers on the Zambian side are underpaid, a situation which it says must be addressed. The lowest-paid...

Zambia’s Economic Conditions have Worsened and Prospects for Growth are Weak-BoZ Governor

Bank of Zambia (BoZ) Denny Kalyalya observed that Zambia’s economic conditions during the second quarter of this year have worsened and prospects for growth are weak. Addressing the media during a quarterly briefing in Lusaka yesterday, the Central Bank Governor...

Lubambe Copper Mine discovers a new Copper Ore Body

Lubambe Copper Mine has discovered a new ore body, containing 2-hundred and 35 metric tonnes of copper and cobalt, which is expected to extend the Chililabombwe based mine’s lifespan to 30 years. Company Chief Executive Officer, Nick Bowen says the...

Farmers are Free to sell their Maize to Anyone-Agriculture Minister

Agriculture Minister Michael Katambo has said that the government is not forcing farmers to sell their maize to the Food Reserve Agency (FRA). Mr. Katambo said that FRA is in the market to buy maize just like any other player,...
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Latest News

HH Opts Out of ZNBC’s Sunday Interview with Grevazio Zulu

United party for National Development (UPNP) President Hakainde Hichilema has informed management at ZNBC that he is not available...

Chipolopolo U15 Face Zamalek Youth in Junior International Friendly

Chipolopolo U15 are heading to Egypt today to face Zamalek Youth Team in a junior international friendly this Sunday. Zambia, who left Lusaka on Saturday...

High rates of contraceptives uptake among school girls worry Education Ministry

The Ministry of General Education (MoGE) in Chienge District has expressed sadness at the high number of school pupils accessing family planning services in...

Ministry of Health Concerned at the relaxed attitude towards the fight of COVID 19

The Ministry of Health in Mufulira District has expressed concern at the relaxed attitude by members of the public towards the fight of COVID...

Kitwe youths empowered with Higer bus worth US$270,000

Kwacha Member of Parliament Joseph Malanji has handed over a Higer bus worth US$270,000 to youths in his constituency for them to engage...