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Alba Iulia
Monday, April 6, 2020

Economy

Zambia to pay Vulture Fund $15.4m

The United Kingdom Royal Court of Justice in London yesterday ruled that Zambia should pay US$15.4 million to Donegal International, the Vulture Fund that sued Zambia for US$55 million debt. And commenting on the judgement in an interview in Lusaka...

MMC embarks on a K600 million street lighting project

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)...

Major Electricity Crisis Looms

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...

Suspected bogus maize dealers invade Mazabuka

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...

RDA challenges local authorities to prepare tender documents

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...

Stanbic bank records 30 percent profit

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...

ZACCI cites export hurdles

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...

Over 900 bags of relief food condemned.

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...

Albidon Lacks Environmental Assessment report on its extension project

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...

Urgent meeting kicks off in Mazabuka to address the Albidon Mine expansion overtures

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...

Latest News

Robin Siame Enjoying Life at GBFC

Green Buffaloes winger Robin Siame is enjoying life at the Zambia Army club. Siame joined Buffaloes from Kitwe United at...

Lusambo warns Nutricom Food and Beverage Limited for claiming their Ginger Kombucha Energy drink can prevent Corona virus

Lusaka Province Minister Bowman Lusambo has warned that government will not allow business entities in Zambia to produce misleading adverts that their products can...

Government releases over K5.6 billion to finance developmental, service delivery programmes

The National Treasury released last month released a sum of K5.64 billion to finance various developmental and public service delivery programmes in the country. Of...

Germany organisations donate ambulance to Kaindu clinic

Zambia’s Ambassador to Germany Anthony Mukwita has applauded Amatheon Agri and the German Arbetheir-Samariter Bund (ASB) for investing in Zambia’s health and agriculture sectors. Mr....

Street Vending is still illegal in Zambia, says Local Government Minister

Local Government Minister Charles Banda has reiterated that street vending in the country is illegal unless when conducted in designated places as prescribed by...
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