Economy

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...

South Africa has given Zambia the mandate to host four countries that will qualify for the 2010 World Cup. Director-general of Zambia’s Local Organising Committee of the 2011 All-Africa Games (Coja), David Diangamo told the Parliamentary Committee on Sport, Youth...

Zambia Electricity Supply Corporation (ZESCO) has disconnected power at Kawambwa Tea Company for failure by the company to settle K104 million it owes the power utility company. 56 tones of tea leaves worthy millions of Kwacha have been wasted...

Government says it has completed a study on the state of the railway system in the country. Communications and Transport Minister Dora Siliya said an inter ministerial committee consisting of her ministry, State House, Railway systems of Zambia and the...

The first ever Africa-India Forum Summit opened in New Delhi yesterday with India announcing a new financial package including a duty free tariff preference scheme for third world countries including Zambia. Indian Prime Minister, Manmohan Singh said products covered under the new scheme include...

Celtel Zambia has announced its intentions to list 20 per cent of its shares on the Lusaka Stock Exchange (LUSE). Celtel Zambia managing director David Venn made the announcement at a media briefing in Lusaka today. Mr. Venn explained that the...

The Lusaka City Council (LCC) has issued a stern and final warning to individuals turning residential houses into business premises without council authority. Council Public Relations Officer Henry Kapata says the local authority would now swing into action and put...

The Economic Association of Zambia (EAZ) says the reduction in Value Added Tax will not be of great benefit to the people of Zambia. Speaking in an interview with ZANIS in Lusaka yesterday, Mwilola Imakando said the reduction in VAT...

Government says the discovery of oil and natural gas in Northwestern province will create more job opportunities for people. Provincial Minister Kenneth Chipungu said this when he addressed a public meeting at Chiyeke basic school, Monday, in Chavuma district during...

A named FRA Depot Manager employed by the Copperbelt Co-operative Union (CCU) has been arrested after swindling farmers out of K289 million. Mpongwe Member of Parliament Gabriel Namulambe who confirmed the development to ZANIS said the suspect is currently in...