Economy

Finance and National Planning Minister Situmbeko Musokotwane has said the Government will no longer subsidise the fuel costs in the country. Speaking in Lusaka on Sunday, Dr Musokotwane said Government’s continued subsidy on fuel would impact negatively on other key sectors of the economy....

The National Union for Miners and Allied Workers (NUMAW) has expressed happiness over the progress achieved at the former Luanshya Copper Mine by China Non-ferrous Metal Group Company Limited (CNMC). NUMAW president Mundia Sikufele said the new investor is living up to its promises in...

Government has implored local producers and manufacturers to take advantage of the recently launched SADC Free Trade Area (FTA) to produce goods of high quality which will compete favorably in the region. Commerce, Trade and Industry Permanent Secretary, Davison Chilipamushi says the launching of the...

Alternate Executive Director of the Africa Group One Constituency at the World Bank, Dr. Denny Kalyalya has implored the Zambian government to take full advantage of the current warm relations and the numerous opportunities the World Bank Group and the International Monetary Fund (IMF)...

GOVERNMENT will not condone the laying-off of workers by companies experiencing operational difficulties, Labour Minister Fackson Shamenda has warned. Mr Shamenda said companies operating in Zambia should not rush to retrench workers but find alternative means of addressing teething problems. Mr Shamenda said in an interview...

 The Ministry of Tourism has been urged to intensify the marketing of Zambia abroad. The call is from Courtyard hotel manager Satinder Babbar. Ms Babbar also says road infra-structure development and ICT services are some of the  challenges which need urgent attenetion if Zambia is to record...

DIRECTIVE BY PRESIDENT LUNGU REGARDING THE NEW MINING TAXES We note the directive by President Edgar Lungu to the Minister of Finance and Minister of Mines regarding the regulations passed in the 2015 budget increasing mineral royalty tax rates from 6 per cent to 20...

Governments say it is important for Zambia to trade with China as it is among the major growing economies in the world. Commerce, trade and industry Permanent Secretary bulleti Nsemukila says China is a very powerful growing economy which creates a very conducive environment...

Vedanta Resources has posted 19% lower fourth-quarter copper output from its Zambia operations on the back of lower ore production at its Konkola and Nchanga underground mines. The company’s copper output l for the three months to March reached 27 000 tones, compared with the...

Municipal Council (MMC) on the Copperbelt Province has set aside K 600 million for street lightning projects in the border town. Town Clerk, Charles Mwandila, disclosed the development in an interview with the Zambia News and Information Services (ZANIS) in Mufulira today. Mr Mwandila said...