9.5 C
Alba Iulia
Friday, July 10, 2020

Economy

Shamenda dissmises budgetary deficit talk from Nawakwi, describes her as a frustrated and failed politician

GOVERNMENT has dismissed as mischievous allegations by FDD president Edith Nawakwi that the country is headed for a K5 billion budgetary deficit. In a statement issued to the media, acting Minister of Information and Broadcasting Services, Fackson Shamenda said Ms...

Stop the falsehoods on Zambia’s fiscal situation – Ministry of finance

Ministry public relations officer Chileshe Kandeta appealed to Zambians especially former ministers to stop issuing irresponsible statements on the fiscal situation of the country. Press Statement Recently, there has been a spate of dramatic statements about the fiscal position of government,...

Some Mining companies seeking tax relief from Government

SOME mining companies on the Copperbelt have appealed to Government to consider exempting them from paying certain taxes to enable them recover from the high production costs they are incurring due to the fallen copper prices at the London...

Indeni needs $1.7 billion for plant upgrade

INDENI Petroleum Refinery managing director Maybin Noole says the company needs US$1.7 billion to put up a new plant or upgrade to enable it meet the current demand for petroleum products in the country. Mr Noole said the current plant...

3 senior Government officials suspended over dubious UNWTO contracts

THREE senior Government officials have been suspended over the manner in which they handled a contract for the construction of a dome to be used during the forthcoming United Nations World Tourism Organisation (UNWTO) general assembly. Tourism and Arts Permanent...

Gemfields posts healthy quarterly results

Gemfields, the majority owners of Kagem Mines have reported another healthy quarter having produced 8.9 million carats of emerald and beryl in the three months to 30 June. The company increased production from Kagem, in which the Zambian government owns...

ZRA increases revenue collection at Kasumbalesa border post by over 50%

The Zambia Revenue Authority (ZRA) has increased its revenue collection at Kasumbalesa border post by over 50 per cent. And Finance Minister Alexander Chikwanda has commended ZRA management for adequately tackling the problem of resource misdirection which he said was...

New bulk fuel storage depot commissioned

Government has commissioned the 25 million litre Lusaka Bulk Fuel Storage Facility for strategic fuel reserve. The facility, situated along Buyantanshi road in the industrial area will be able to store 13 million litres of Diesel, 10 million litres of...

ZAMBIA’s economic outlook will remain favourable-Bank Governor

ZAMBIA’s economic outlook will remain favourable in the second half of 2013 due to continued strong domestic investments in key productive sectors. Bank of Zambia (BoZ) Governor Michael Gondwe said Zambia’s economic prospect for the second half of 2013 had...

Government launches computerised land management system costing K4.39 million

GOVERNMENT has launched a new land management system aimed at tackling land malpractices, Lands, Natural Resources and Environmental Protection Minister Wylbur Simuusa has said. The Computerised Land Administration System valued K8 million would provide secure, transparent and traceable land transactions...
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Latest News

Government Receives the First 8, 520 Tablets for Census Use, More Expected – PS Chabala

The Government of Zambia, through the Ministry of National Development Panning, has received the first 8, 520 tablets to...

No Political Party is allowed to campaign in correctional facilities across the country-Inonge Wina

Vice President Inonge Wina says no political party is currently allowed to campaign in correctional facilities across the country. Mrs Wina says Government is not...

KCM Saying Caving in of ground at the Nchanga Open Pit happening as predicted

Konkola Copper Mines has announced that the Caving in of ground following slope instability within a section of the Nchanga Open Pit Cut 2...

UPND MP Cornelius Mweetwa refuses to apologize to the Vice President Inonge Wina for calling her disgraceful

Choma Central UPND Member of Parliament Cornelius Mweetwa this morning refused to apologize to the Vice President for calling her disgraceful over the gassing...

Resolve Football Differences, President Lungu urges FAZ as FIFA deadline looms

President Lungu has said that he is hopeful that football stakeholders will resolve their differences before today's FIFA deadline, which will see Zambia banned...
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