Economy

Celtel Zambia Plc, raised 665.6 Billion Kwacha ($205 million) on Lusaka Stock Exchange (LuSE) in the Zambia's biggest initial public offering )IPO). The company shares gained 13 percent in its Lusaka trading debut. Celtel Zambia, which sold 1.04 billion shares,...

Lusaka City Council says Government should consider giving the local authority grants that would enable it implement developmental projects in Lusaka’s peri-urban areas. In an interview with ZANIS in Lusaka, Council Public Relations Manager Chanda Makanta said the Council makes...

Government says Zambia has not refused to host Zimbabwean victims of xenophobic attacks in South Africa but that it needed to be consulted and that adequate resources should be available to host more refugees. Foreign Affairs Minister Kabinga Pande who...

Barclays Bank Zambia has admitted that it made a biggest mistake in closing rural branches in the country some five years ago. Bank Managing Director Zafar Masud said the pulling out of the bank from rural areas was due to...

Finance and National Planning Minister, Ngandu Magande, says there is need for Zambians to make adjustment on the consumption of oil so as to reduce the impact of soaring prices of the commodity on the Zambian economy. Mr. Magande observed...

A senior government official in Northwestern province has urged Zambians to continue diversifying into all sectors of economy in order not to experience an economic decline when the mines reduce production and when the copper prices fall. Solwezi District Commissioner,...

The Economic Association of Zambia (EAZ) says the persistent shortage of sugar on the market might fuel the rate of inflation. EAZ President, Mwililoa Imakando said this is because the price of some food stuffs, which depend on sugar as...

Kafue Sugar Company has commenced sugar production with a view to help cushion the impact of sugar shortage that hit the country recently. Kafue Sugar company Managing Director, Iqba Aloo, disclosed to ZANIS in Kafue that the company is since...

Heads of State worldwide have resolved to increase investment in agriculture, to address obstacles to food access and to use the planets resources sustainably for present and future generations. The high level three-day conference which ended on Thursday resolved to...

The latest Central Statistics Office (CSO) report has revealed that the living conditions of people in Northwestern Province has remained poor over the years with poverty levels standing at 76 per cent. The report says out of the 76 percent,...