Economy

Government says the ongoing uranium mining exploration project in Southern Province is in line with its diversification of the mining industry in the country. Mines and Minerals Development Minister Dr. Kalombo Mwansa says the Kariba uranium project which is still...

The Food Reserve Agency (FRA) says K317 billion has been spent on farmers who supplied their maize in the 2007/2008 season. Public Relations Officer, Mwamba Siame said all the farmers have been paid. Mrs. Siame told ZNBC news that the agency...

The Zambia Sugar Company PLC in Mazabuka says it would explore the potential of sugarcane cultitivation in Chief Mwanachingwala's area at the end of the current expansion programme in 2011. Corporate Affairs Manager, Lovemore Sievu disclosed this in...

Bank of Zambia (BoZ) deputy Governor Tukiya Mabula has observed that the weak financial sector in Zambia was one of the main obstacles to economic development. And Dr. Mabula has observed that the Zambian laws have tended to stagnate and...

Acting Finance Minister, Felix Mutati, said government has made steady progress in reducing the country's dependncy on external assistance. Mr. Mutati said government has reduced its foreign aid dependency from 40 per cent to 24 per cent over the last...

Lumwana Mining Company (LMC) Managing Director Harry Michael has expressed worry at the illegal mining activities by unscrupulous individuals taking place in the LMC license area. Mr. Michael said it was unfortunate that some individuals had started mining...

Southern Water and Sewerage Company (SWSCO) has said preliminary studies for the improvement of the water supply system at Maamba Collieries have been completed. SWSCO Operations Manager Charles Shindayile told ZANIS in an interview on Tuesday that at the...

Energy and Water Development Minister Kenneth Konga has advised potential investors wishing to grow Jathropha and other energy producing crops to work closely with the Energy Regulation Board (ERB). Mr. Konga say this is because government needs to have adequate...

Works on a multi billion irrigation project co-funded by government and the African Development Bank (ADB) in Manyonyo area of Mazabuka has resumed. Mazabuka district project Manager, Alex Nonde disclosed this ZANIS in Mazabuka today. Mr Nonde said a Chinese contractor...

Finance and National Planning Minister Ng’andu Magande has expressed dissatisfaction with the operations of the Rail Systems of Zambia (RSZ), the concessionaire operating the country’s rail network. Mr. Magande, who is in Washington DC to attend the IMF/World Bank Spring...