Tuta road rehab works to cost about K153bn

About K153 billion would be spent on resurfacing of Tuta road from Serenje road junction in Central Province to Mansa in Luapula Province covering a total stretch of about 323 kilometers. Luapula Province Minister Boniface Kawimbe disclosed this yesterday when he inspected road works being...

FFTUZ saddened with continued misapplying of public funds

The Labour Movement has expressed sadness at the continued revelations of financial irregularities in the Auditor General’s report, every year. The Federation for Free Trade Unions of Zambia(FFTUZ) has since called on government to put in place stringent measures to deal with those found wanting. FFTUZ...

RB Explains decision not to sign Salary bill

Acting President Mr. Rupiah Banda has explained that he refused to sign legislation for the increment of salaries and allowances for constitutional office holders because of many problems workers and the general public were facing in various sectors. He said the issues of University...

Lusaka maize prices down

THE price of maize at some markets in Lusaka has reduced drastically following an influx of cheaper supplies from farmers who are selling the commodity far below the K65,000 floor price recommended by the Food Reserve Agency. The farmers are selling their maize for an...

Fundanga urges people get organised to access loans

Bank of Zambia Governor, Caleb Fundanga, has advised people in Solwezi to obtain title deeds for their land which could serve as collateral for access to loans from financial institutions. Dr Fundanga said people, who do not own land could form cooperatives so that they...

Zambian investors pump money in real estate

Some of the Houses constructed for Police Officers
Zambia’s pension funds and insurance companies have invested $445m and local developers have invested $80m in new property developments between 2014 and 2017, according to Urban Africa Property Group. “There is a lot more local and international money in Zambia's property market than people think,”...

Re-designing of society house kicks off

The architect who has re-designed Lusaka’s Society House, says once completed, the building will be a symbol of Zambia's economic re-emergence. Robert Silke, is an architect with Louis Karol, an Architectural firm based in South Africa. Mr Silke says the building, which will be adorned in...

Zesco commissions the $4.4m transformer

ZESCO has commissioned the new US$4.4 million transformer at Leopards Hill sub-station. With the new 150MVA transformer in place, Zesco expects load-shedding to reduce by more than 50 per cent in Lusaka. The old 125MVA transformer was gutted by fire in June last year. Speaking yesterday when...

Government to set up ethanol plant in Eastern province

President Rupiah Banda has said that the government intends to put up an ethanol plant in eastern province to reduce the cost of imported oil in the country. And President Banda says his government will next year extend the Chipata /Mchinji railway to Katete...

Council Workers across the country will not get the new salaries this month-end

COUNCIL Workers across the country will not get the new salaries and Condition of service this month-end because Government has not exhausted the negotiations with union representative. Local Government and Housing Permanent Secretary Chileshe Mulenga confirmed the development in an interview in Ndola yesterday. Dr...

Miles Sampa says appreciation of the Kwacha not sustainable

DEPUTY Minister of Commerce, Trade and Industry Miles Sampa
The recent Kwacha appreciation against the US dollar and other major currencies is in my view, not sustainable. This is because it is not backed by any significant improvements in economic fundamentals . Exchange rates appreciate or depreciate based on an increase or decrease...

ZUFIAW wants immediate restructuring of management at NATSAVE for blatant failure

Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) has called on Government to immediately restructure management at NATSAVE for blatant failure to properly manage the institution. In a statement yesterday, ZUFIAW General Secretary Mr. Chingati Msiska regretted that despite the Union and management having...

Zambia Revenue Authority applauds clearing agents

ZRA Headquarters
The Zambia Revenue Authority (ZRA) has paid tribute to the clearing and forwarding agents in Zambia for improved tax compliance and service delivery in the export and import business. ZRA Acting Commissioner General Moses Shuko said the authority is impressed with the competence...

State to revoke licence for oil, gas prospectors

GOVERNMENT has threatened to revoke exploration licences issued to firms interested to explore oil and gas as they have not commenced any works. Minister of Mines Yamfwa Mukanga said the ministry is concerned over a number of licences given by the previous government, but are...

Eastern Province has potential to export power – Wignaraja

EASTERN Province has potential to export power to neighbouring countries by 2015 if Government invests in mini-hydro power stations, says United Nations (UN) resident co-ordinator Kanni Wignaraja. Ms Wignaraja says investing in hydro power stations is the answer to Eastern Province’s energy problems, which have...