9.5 C
Alba Iulia
Wednesday, April 1, 2020

Economy

ZESCO, Albidon seal US2.2m deal

The Zambia Electricity Supply Company (ZESCO) has signed a power supply agreement involving US$2.2 million with Albidon Zambia Limited company. Speaking at the signing ceremony in Lusaka today, ZESCO Managing Director Rodnie Sisala said ZESCO would construct a 33 KV...

Govt. releases K200m for terminal construction in Mongu

Government, through the Ministry of Transport and Communication, has released K200 million for the construction of a passenger bus terminal at Mulamba Harbour in Mongu district. Mulamba Harbour Master, Washington Nkhonjela, said the construction of the terminal would commence as soon...

Lake Kariba silt, sand blocks irrigation progress

By Tovin Ngombe The Small Scale Irrigation Project (SSIP) has observed that sedimentation has become a serious problem at Buleya Malima irrigation scheme on Lake Kariba in Sinazongwe district. Sedimentation which is a process where small particles that are moved...

Voluntary Medical Scheme Introduced

The Government has introduced a voluntary medical scheme for public service workers following an agreement with the public service unions, Zambia Daily Mail reported Monday. Employees and the government will be required to contribute 40 and 60 percent of the...

China offers Zambia tariff-free market

Lusaka - China had offered Zambia tariff-free market access for its products and would allow its citizens to borrow investment capital from the Bank of China, finance minister Ng'andu Magande said yesterday. Chinese firms had started feasibility studies on how...

China Offers Zambia Investment Package

Chinese President Hu Jintao on Saturday offered Zambia a multimillion dollar investment package aimed at boosting ties. Facing mounting accusations of Chinese exploitation of African labor and resources _ an issue during last year's Zambian presidential elections ...

Government oders cobalt smelter Closure

The Zambia Government has told Chambishi Metals plc it must shut down its cobalt smelter for 45 to 60 days in order to make repairs following an explosion last month in which its circuit was damaged. The accident, which happened...

Govt to invest $65 million in Indeni

The Zambian government and French oil major Total SA (TOT) are set to invest up to $65 million in the country's sole petroleum refinery, Indeni, in the next five years as the country seeks to stabilize fuel supply to...

Lumwana copper project wins award

Zambia continues to amass accolades for its burgeoning mining sector. The latest news is that Equinox Minerals’ Lumwana project has been awarded Mining Deal of the Year by Project Finance International (PFI) at the PFI Annual Awards Dinner held...

Sinazongwe Farmers cry for School..

Sinazongwe farmers from Chuunga in senior Chief Mweemba area have called on government to construct a road, School, Clinic, and boreholes to save them from difficulties they are facing. Chuunga area which has more than 400 hundred people have...

Latest News

Chef 187 releases video for Grammy Muchibemba

Chef 187 released the video for the song Grammy Muchibemba that is off his latest album Bon Appetit. https://www.youtube.com/watch?v=gHtoO-LLavA

Zambia asks proposals from banks on how to postpone its debt repayments

The Zambian government has asked banks for proposals on reorganizing as much as $11.2 billion of foreign debt as its debt-service costs rise and...

Covid-19 grounds Mahogany Air

Mahogany Air has announced it has suspended all flights from 30th March to 30th April 2020 in response to the Coronavirus control measures and...

Standard Chartered to commit $1 billion of financing for companies to help COVID-19

Standard Chartered has announced it will commit US$1 billion of financing for companies that provide goods and services to help the fight against Covid-19,...

Defiant Bar Owners in Solwezi District have been arrested

A joint team of health inspectors from the Solwezi municipal council, council and Zambia police officers have apprehended eight bar owners who defied...
[Read 4 times, 1 reads today]