41 Youth groups got funds irregularly -Auditor General

The latest Auditor General’s report has revealed that 41 youth associations were irregularly awarded loans under the Youth Development Fund (YDF) totalling K1.2 million without signing loan agreements. Auditor General Anna Chifungula said according to the YDF operational guidelines number 6.0 and 6.1, applicants of...

China boosts mining investments to $900 million

China has boosted its planned investment to US$900 million in Zambia`s mineral-rich Copper Belt over the next four years, the government said on Wednesday. The Ministry of Commerce and Trade said China Nonferrous Metals Corporation (CNMC) president Luo Tao told Zambian authorities that Chinese firms...

US$3 billion worth of new investments in 2008, Mutati

Government has targeted US3 billion dollars in various new investments next year. Commerce Trade and Industry minister Felix Mutati disclosed this when he officiated at the Private Sector Development Reform Programme (PSDRP) meeting in Chisamba today. Mr. Mutati said the Uranium Mine, Cement plant, Meter and...

Govt completes printing of KAZA visa for tourists to Zambia and Zimbabwe

Minister of Finance Felix Mutati.
The Ministry of Finance has completed the process of printing Unified Visa for foreign visitors to Zambia and Zimbabwe, commonly known as KAZA Visa.  Commenting on the development in Lusaka this morning, Minister of Finance Felix Mutati expressed confidence that the completion of the printing...

CEEC engages Chinese firm to construct the first ever Industrial park in North Western Province

Mongu District Commissioner Susiku Kamona (l) confers with Tusano Mango Processor CEO Mwisiya Waluka (r) during the inspection of work progress on projects funded by Citizens Economic Empowerment Commission (CEEC) in Mongu
The Citizens Economic Empowerment Commission (CEEC) has engaged Golden horse, a Chinese construction company based in Zambia to construct industrial yards in Northwestern province. CEEC business development officer, Esther Chingoma the construction company was engaged through an international competitive bidding process to win the tender. ZANIS...

Prepare Adequate Contingency Plans for Debt Shocks – JCTR

The Jesuit Centre for Theological Reflection (JCTR) says the proposed strategy to refinance the two Eurobonds of US$750 million and US$1 billion by way of borrowing from International Capital markets as they mature in 2022 and 2024 will worsen the country’s indebtedness. In a statement...

Mining companies see problems with proposed requirements for permits

Mining Companies in Zambia have said the proposed requirement for an import export permit and mineral analysis certificate for every congniment will cause problems in the industry. Chamber of Mines, Zambia (CCZ) and the Association of Zambia Mineral Exploration Companies (AMEZ)complained that the current list...

Miles Sampa to extend Metro cabs to rest of Zambia

Matero MP Miles Sampa has decided to extend his Metro Cab youth empowerment initiative to the rest of the country. Speaking at a signing ceremony in Lusaka with Big Brother Suppliers Limited to supply 10 taxis by September 01 2014, Mr Sampa said the positive...

Kawambwa Tea company problems to persist as Zimbabwean investor says he has no resources

Problems at Kawambwa Tea Company in Luapula province are expected persist as the Zimbabwean investor, Kumul Holdings, says it has no resources to resume production at the company. And Secretary to the Cabinet, Roland Msiska, has pleaded with workers to give govt time to study...

ZACCI tells Govt to stop blacklisting companies through the media

Zambia Association Chamber of Commerce and Industry (ZACCI) has appealed to government to stop blacklisting companies from conducting business with it through public statements. In a statement released to ZANIS in Lusaka today, ZACCI board chairperson Hanson Sindowe advised government to write...

Govt bans importation of edible oils

Government says it has restricted the importation of refined, packed and bottled edible oils in the country. Commerce, Trade and Industry Minister Margaret Mwanakatwe says the move is meant to protect the local industry. Mrs Mwanakatwe said the move will be monitored by various government agencies...

Don’t attack Levy for selling KCM at $25 million, blame those who removed the windfall tax-Kalala

Former Special Assistant to late President Levy Mwanawasa for Policy and Project Implementation and Monitoring Jack Kalala has defended the Mwanawasa administration over the sale of Konkola Copper Mines (KCM). Mr Kalala said the Mwanawasa administration handled the sale of KCM to Vedanta above board. And...

Americans seek links with Zambia’s private sector

Ray Wasburne, President and Chief Executive of the Overseas Private Investment Corporation(OPIC), a United States of America Government Development Finance Institution, has said his delegation is in Zambia to explore investment prospects in energy, agriculture processing, transport and logistics, tourism, information and communication technology,...

Zambia, Swedish research institute agree on funding, water project collaboration

Zambia and Sweden’s IVL Environmental Research Institute have agreed to work together to develop a series of water and environmental related projects which will be funded and implemented through the Water Resources Management Authority (WARMA). And world-renowned water management body, Stockholm International Water Institute (SIWI),...

Israeli Company wants to commence charter flights to bring Israelis tourists directly to Zambia

Israeli big destination Management Company, Eshet has expressed interest to commence charter flights to bring Israelis tourists directly to Zambia and Zambians to Israel for pilgrimage. Speaking during a meeting with Zambian Minister of Tourism and Arts Charles Banda in Tel Aviv, company President...