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Sunday, April 11, 2021

Economy

RSZ earmarks $US11million for investment

The Railways Systems of Zambia (RSZ) has this year earmarked US$ 11 million for investment in improving railway infrastructure in the country. RSZ Deputy General Manger for corporate affairs, David Phiri said the money will be invested in the...

FRA yearns for more funding

The Food Reserve Agency (FRA) has asked government to scale up the budgetary allocation to the agency. FRA Provincial Marketing Coordinator Sunday Mwelwa says an increase in the budgetary allocation to the agency would facilitate the purchase of more maize...

Power stations to be upgraded

Plans are underway to upgrade Chishimba and Lunzuwa hydro power stations in Northern Province. This will be done to increase power supply in the province. Energy Deputy Minister, Gaston Sichilima said government is aware of the negative effects of load shedding. Mr....

Cooperating partners pump US$74m into PEMFA

Seven Cooperating Partners today committed a total of US$74 million towards the Public Expenditure Management and Financial Accounting-PEMFA programme for over a period of 2005-2009. The eleven cooperating partners include the United Kingdom Department for International Development, the European Commission,...

Mobile Phone Plant starts in August

By Sanday Chongo Kabange Starting from August, handsets for Malaysian cell phone manufacturer, M.Mobile will be produced in Zambia. An official told Network World that M.Mobile would be investing more than $3 million in the plant, which will assemble units...

Opening of Mine in Mporokoso to stimulate economic activity

Government says the opening of the Mine in Mporokoso will stimulate economic activities ion the region. Lunte Mp Felix Mutati said the development will not only create the much needed employment opportunities for the local people but will also...

Mgt Buyout only option for NCZ, FDD official

A politician in Kafue district has proposed a management buyout for Nitrogen Chemicals of Zambia, NCZ, as a measure of addressing operational woes at the company. FDD Provincial Information and Publicity Secretary, James Musemuna, advised workers at the company to...

Maamba/Batooka road to cost K26 billion for rehabilitation

The Road Development Agency (RDA) has awarded a K26 billion contract to Reubex Construction Company to do the periodic maintenance of the Maamba/Batooka road. RDA Public Relations Officer Royce Saili told ZANIS in Sinazongwe that the contractor would work...

CEEC to Commence the Disbursement of Funds

The Citizens Economic Empowerment Commission- CEEC will next month begin the disbursement of empowerment funds to all provinces of the country. This is in conformity with the directives issued by President Levy Mwanawasa and Commerce and Trade Minister...

Zambians should brace for high fuel prices – Levy

President Mwanawasa says Zambians should brace for high fuel prices as the adjustment of global fuel prices is beyond Zambia’s control. Dr. Mwanawasa says the other evil to mitigating fuel prices is for taxation to go up which would weigh...

Latest News

Northern Province backs President Lungu’s candidature

Northern Province Minister Chungu Bwalya says the Patriotic Front in Northern Province is ready to support the agenda...