Samfya residents ignorant about government bonds

Several Samfya residents have said they cannot invest in government bonds and other products on the money market because they lack adequate information on how to go about the kind of investment. And the residents, who include government workers, have asked the government through the Central Bank to make available...

Germany to provide concessional and promotional loans for Zambia electricity sector

Ambassador Bwalya Chiti
Zambia’s Ambassador to the Federal Republic of Germany, Ambassador Bwalya Chiti has said that Germany is in a position to offer concessional and promotional loans for Zambia’s electricity sector. Ambassador Chiti made this disclosure while celebrating Zambia’s 51 years independence anniversary with his compatriots and...

Standard Bank Group cuts Zambia’s 2015 GDP growth prospects to 4.2 %

Christmas Shopping in Lusaka
The Standard Bank Group which operates in Zambia has Stanbic Bank has lowered the country’s growth prospects for 2015 to 4.2 percent year on year from an average of 6.3 percent. The Bank expects Zambia’s growth to reach 4.5 percent year on year in 2016. In...

Zambia’s stock exchange goes electronic

MillenniumIT of Sri Lanka has installed computers and software at the Lusaka Stock Exchange (LuSE) to facilitate electronic trading. Tuesday's launch of the electronic trading system signifies that the LuSE has now joined the league of automated stock exchanges in the Southern Africa Development Community...

Provide alternative solutions to Euro Bond Refinancing-Ntewewe

YALI President Andrew Ntewewe
The Young African Leaders Initiative (YALI) has called on the opposition and other stakeholders opposed to the refinancing of the first Euro Bond by a Turkish Firm to provide alternative solutions as opposed to simply criticising government. Commenting on the announcement by government that a...

SADC marks Africa Freedom by celebrating a range of welcome developments on the

The Southern African Development Community, SADC, says this year's Africa Freedom Day is an occasion to celebrate a range of welcome developments on the continent. A statement released to the Zambia News and Information Services, ZANIS,  by the SADC Corporate Communications Unit  says this is...

New copper deposits found

New copper deposits have been discovered in Masaiti and Mpongwe on the copperbelt. Copperbelt Province Permanent Secretary, Jennifer Musonda disclosed this in Ndola. Mrs. Musonda said there are currently increasing explorations and mineral surveys in all the towns in the province. She said this when Science and...

UNZA shopping mall to cost K248m

The construction of a shopping mall to be the property of the University of Zambia (UNZA) Great East Road campus will cost K248 million. Deputy Minister of Education, Science, Vocational Training and Early Education David Mabumba told parliament today that the prime land in...

We are still far behind in UNWTO preps, insists Livingstone Tourism Association

The Livingstone Tourism Association has insisted that the Zambia is still far behind in preparations for the forthcoming UNWTO general assembly. Last Friday, Tourism and Arts Minister Sylvia Masebo told Parliament that Zambia is on course in preparations to co-hosting the biggest tourism indaba in...

Zambia will not import or allow any Genetically Modified foods

Vice President Inonge Wina
GOVERNMENT will not import or allow any Genetically Modified foods (GMOs) as the country is food secure following bumper harvests recorded. Vice President Inonge Wina informed the House yesterday, that Government had no plans to import GMO foods in Zambia following consecutive bumper harvests the...

Mealie meal price changes due to subsidy removal on fuel and maize -JCTR

THE Jesuit Centre for Theological Reflection JCTR programme officer for social conditions programme, Faith Adwoko says mealie meal price changes were as a result of the subsidy removal of fuel and maize, poor yields in the 2012/2013 farming season and starting of the rainy...

Fuel hauliers call off strike after assurance from Bowman Lusambo

Over 50 Tanker Drivers in Ndola have downed tools petitioning the Energy Regulations Board (ERB) though the Ministry of Energy to put up a Statutory of Instrument to stop foreign tanker Drivers from getting fuel from the sources up the final consumer, a situation they described is disadvantaging them. PICTURES BY FRANK CHING'AMBU/ZANIS
FUEL hauliers have called off their strike following an emergency meeting with Copperbelt Minister Bowman Lusambo who has assured that the drivers’ concerns will be addressed. One of the key decisions was to ensure that Sahara and Dalbit, two foreign companies contracted by Government to...

Zambia’s Inflation rate continue trending down. It’s now 20.2%

Christmas Shopping in Lusaka
The monthly inflation rate for July has declined from 21.0 percent to 20.2 percent. Central Statistical Office (CSO) Director John Kalumbi has attributed the drop to a reduction in the prices of vegetables and purchase of motor vehicles and airfares. Mr. Kalumbi disclosed in Lusaka at...

Zambia Sugar Plc affected by low water levels

Zambia Sugar Plc managing director Rebecca Katowa says the sugar industry in the SADC region has not been spared by erratic water supply. Mrs. Katowa said water challenges in the sugar industry were real and with the increased load shedding in the country, a reduction...

Govt to continue engaging foreigners as long as Zambians under perform

Government says it will continue to engage foreign contractors on its projects as long as local contractors continued to under perform. Works and Supply Minister Mike Mulongoti said some local contractors have on several occasions underperformed on projects much to the disappointment of the people...