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Alba Iulia
Saturday, August 15, 2020

Economy

Government lifts suspension on China Henan International Corporation

GOVERNMENT has lifted the suspended on China Henan International Corporation to resume carrying out civil works for Southern Water and Sewerage Company (SWASCO) in Livingstone following the recent accident in the tourist capital in which two of its workers...

Tarrifs hike will reduce power outages-Miles Sampa

Commerce, Trade and Industry Deputy Minister, Miles Sampa has said that while the increase in ZESCO electricity tariffs will result in the high cost of production, it will also help reduce the power outages affecting the manufacturing industry. Speaking during...

Electricity tariffs should not be used to increase prices of goods and services-ZESCO

ZESCO has said the recently announced hike in electricity tariffs should not be used as a scapegoat to increase prices of goods and services. ZESCO managing director Cyprian Chitundu said the 25 percent tariff hike which was recently announced...

BOZ’s new measures have started stabilising the Kwacha-Gondwe

THE Bank of Zambia (BoZ) says it remains alert on the Kwacha performance as it continues to monitor the sharp recovery process from a shocking slump that hit a record high of over K7 against the dollar recently. The BoZ...

Finnish envoy concerned with Zambia’s high budget deficit

Finnish Ambassador to Zambia, Perti Antiinen, has observed that Zambia's main economic challenge is the fiscal policy management as can be seen from the budget deficit which he believes is too high. Mr. Antiinen told QFM Business News in an...

Katele favours revision of mining agreements

Former Finance Minister Katele Kalumba has encouraged members of public to take advantage of the commencement of the preparations for 2015 Budget by making submissions that will confront the current economic situation in the country. The Ministry of Finance announced...

A listening Government? Or a ‘Weakling’ in the presence of the IMF?

Public outcry at $1.75billion debt For many months, a large section of the Zambian public concerned with current and future development of Zambia has expressed concern at the high rate of government borrowing from both the banking system and from...

FQM Sentinel mine could contribute $441 million to the country’s treasury in 2019-Saasa

FIRST Quantum Minerals (FQM) Sentinel mine is estimated to contribute US$441 million to the country's treasury in 2019, economist, Oliver Saasa has said. Professor Saasa in a case study titled 'Economic Impact of the Trident Project', said it...

Dangote Industries fined K18,000 for flouting construction regulations

THE National Council for Construction (NCC) has fined Dangote Industries Zambia Limited and three companies contracted by the company K18,000 each, for flouting construction regulations. This was after NCC suspended the operations of the three contractors on Friday for failing...

Ministry of Finance commences preparations for 2015 budget

The Ministry of Finance has commenced preparations for the 2015 National Budget and the 2015 to 2017 Medium Term Expenditure Framework (MTEF). Ministry of Finance Public Relations Officer Chileshe Kandeta said in a media statement released to ZANIS today that...
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Latest News

President Lungu praises countries in SADC for upholding democracy

President Edgar Lungu has praised countries in SADC for upholding democracy. President Lungu said that during...

I didn’t Block UPND, HH Refused to Pay K4 000 for a Political Program on PASME Radio-DC

Petauke District Commissioner Mrs Velenasi Banda Moyo refuted reports that he had stopped PASME Radio from running a paid program of United Party for...

Revenue Collection from Toll Gates drop by 20%

The National Road Fund Agency (NRFA) has recorded a 20 percent drop in revenue collections from its toll gates following the outbreak of corona...

Higher Education Minister Challenges Youths to come up with Entrepreneurship Ideas

Higher Education Minister Brian Mushimba has challenged youths in Kabwata to come up with entrepreneurship ideas that will contribute positively to the country’s economic...

Only a limited number of Youth to Attend President Lungu’s Launch Event-Siliya

Chief Government Spokesperson Dora Siliya has said that only a limited number of youths have been invited to attend the launch of another Youth...