Economy

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...

The government announced on Monday that the country faced a major electricity crisis as power generation capacity had not kept pace with an economic growth spurt. The energy ministry said in a statement that power supply would be outstripped by demand by next year...

Suspected bogus maize dealers are reported to have invaded Mazabuka district cheating farmers by buying maize at give away prices. Zambia National Farmers Union, Mazabuka branch, Agri- business manager, Clement Phiri who disclosed this to ZANIS in Mazabuka today said his union is worried at the...

The Road Development Agency(RDA) has appealed to local authorities on the Copperbelt to start preparing tender documents for the K5 Billion that has been set aside by the Government to rehabilitate priority roads covering the 72 District in the country. And Copperbelt Minister Mwansa Mbulakulima...

Stanbic Bank has recorded a 30 per cent profit increase in the previous financial year, Bank managing director Larry Kalala has said. Speaking at the Bank's first ever quarterly media  briefing in Lusaka today, Mr Kalala said the 30 per cent increase in the net...

Zambian exports have failed to fully penetrate the lucrative Democratic Republic of Congo (DRC) market due to the high cost of production in Zambia, the  Zambia Association of Chambers of Commerce and Industry (ZACCI) has observed. In an interview with ZANIS in Lusaka today, ZACCI...

About 935 by 50 kilogram bags of maize out of the 3,080 bags of the grain meant to feed starving families in the Bangweulu swamps in Samfya have been condemned as unfit for human consumption. This follows an assessment exercise conducted  by health inspectors and...

The Environmental Council of Zambia (ECZ) says it has not yet received an Environmental Assessment Report (EAR) concerning the extra 2,100 hectares of land applied for by Albidon Nickel Mine in Mazabuka mugoti area. ECZ Communications Officer, Chama Nyendwa noted that her organisation only approved...

A meeting aimed at resolving the controversy surrounding the approval of a land application for Munali Nickel Mine by councillors has kicked off in Mazabuka. The urgent meeting which has been called by the United Party for National Development, Southern Province executive committee is being...

The Environmental Council of Zambia, ECZ, has approved 12 projects that include the proposed establishment of a 33KV electricity line at Munali Hills Nickel Mine in Mazabuka district. This is in accordance with the Environmental Protection and Pollution Control Act Cap 204 of the Laws of...

World Oil Prices have continued to raise amidst tension between Iran and Britain over the capturing British sailors. According to Oil Producing and Exporting Countries (OPEC) daily bulletin obtained by ZANIS , oil was yesterday trading at $US63.73 per barrel as compared...

Multi-choice Zambia says it is unshaken by the competition arising from Free-to-Air facilities that have come on the scene. Multi-choice Zambia Public Relations Officer Kamiza Chikula says the firm has witnessed a rise in subscribers amid the competition from Free-to-Air providers. He told ZANIS in an...

Zambia Sugar Plc has challenged the general public to come forward and provide evidence of corrupt practices at the company. Zambia Sugar Plc corporate affairs manager Lovemore Sievu said corruption is counterproductive and  any member of the public with evidence of corruption should be free to...

The permanent secretary in the ministry of community development and social services has told the parlaimetary accounts committee that his ministry has managed to retrieve K148 million in unretired imprest. Teddy Kasonso said over K5 million was recovered from a former minister, K27 million and...

The Citizens Economic Empowerment Commission, CEEC, says its policy is aimed at empowering the local people economically. Citizens Economic Empowerment Commission, CEEC, chairperson Jacob Sikazwe says this will be done by putting in place measures that will incorporate the local people in the development of the country. Mr...