Economy

Ministry of Finance Public Relations Officer Chileshe Kandeta has disclosed that the European Union (EU)- Zambia relations are cordial and both parties are focused on achieving greater development. In a Statement made available to ZANIS in Lusaka yesterday, Mr. Kandeta said this is contrary to...

Luanshya town has been hit by a critical shortage of mealie meal despite having a milling company in the area, namely, Antelope. A check by ZANIS today in the central business area revealed that most of the outlets including shoprite, National milling outlet...

The Tanzania-Zambia Railway Authority (TAZARA) resumed operations on Monday after more than 1,000 Tanzanian workers ended a two-week strike, the company said. The strike over unpaid wages by 1,067 workers crippled operations at the loss-making railway, which is used to transport copper from Zambia to...

The President has defended government decision to privatize ZAMTEL saying the move will help improve the status of technology in the Parastatal.President Banda said the institution was important to the country, hence the need to find investors with financial capacity to improve its operations. President...

The Auditor General (AG) has joined the Anti Corruption Commission (ACC) as investigations in the alleged corruption scandal surrounding the management of Zambia Railways Limited (ZRL) intensify. ZRL chief executive officer Clive Chirwa was recently suspended by President Michael Sata for alleged corrupt doings while...

Over six hundred companies are at the verge of being de-registered for failing to submit annual returns to the Patents and Companies Registration Agency-Pacra. Pacra- has confirmed that it is in the process of deregistering companies which have failed to submit annual returns for the...

AVIC International site manager Chen Yiju says the company is expected to complete major works on the Mongu-Kalabo Road by December, four months ahead of schedule. Mr Chen said the company which is supposed to complete the project in April 2016, has done 80 percent...

Finance Minister Alexander Chikwanda has called on the African Development Bank to support institutions of development and help to strengthen policy implementation mechanisms of member countries. This is contained in a statement released to the media today by Ministry of Finance Public Relations Officer...

Government has so far paid out K711 million to farmers who sold maize to the Food Reserve Agency (FRA) during the 2014 crop marketing season. Agriculture and Livestock Minister Wylbur Simuusa said in an interview with ZANIS in Lusaka today that the Ministry of...

Parliament heard today that 29 geological blocks in Chama and Lundazi districts in Eastern province have so far been demarcated for prospective oil explorations. Mines and Mineral Development Minister Maxwell Mwale told parliament that his ministry has invited exploration companies to bid for the oil...