Economy

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...

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...

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....

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,...

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...

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...

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...

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...

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...

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...