Economy
Enel, IDC sign US$34 million financing agreement for 34MW PV project
The Enel Group and Zambia’s Industrial Development Corporation (IDC) signed off on a financing agreement for around US$34 million for the construction of the...
Economy
TAZARA appeals for more funding
The Tanzania Zambia Railway Authority has appealed to member states to inject more funds to improve the railway line's operations and performance.
TAZARA deputy managing...
Economy
Lusaka City Council gives INDECO House 7 days ultimatum to improve sanitary conditions
The Lusaka City Council (LCC) has given National Housing Authority (NHA) seven days ultimatum to improve sanitary conditions in INDECO House situated along Cairo...
Economy
Too-Little, Too Late Syndrome: Zambia’s Sovereign Debt Management Strategy
In May of 2015, the Jesuit Centre for Theological Reflection (JCTR) warned the government of the Republic of Zambia, through an article, entitled “The...
Economy
Government should consider intervening in high bank charges-CUTS
The Consumer Unit Trust Society (CUTS) International Zambia says it may be important for the government to consider intervening in the high bank charges being slapped...
Economy
IDC borrows US$19 million from ZCCM IH
ZCCM IH has advanced a loan of up to US$19 million to the Industrial Development Corporation (IDC).
The IDC says it will use the funds...
Economy
Irish engineering firm wins €10m Ndola-Lusaka dual carriageway contract
Irish engineering consultancy firm Nicholas O'Dwyer has signed a €10m contract to carry out work on the $1.2bn Lusaka to Ndola road in Zambia.
The...
Feature Economy
How President Lungu’s loan ban and fiscal measures has averted a crisis and led Zambia to economic recovery
By Kalima Nkonde
President Lungu’s decision to stop debt contraction, cancel some existing loans, terminate projects below the 80% completion rate, accelerate payment of suppliers...