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Alba Iulia
Saturday, October 31, 2020

Economy

Govt reaffirms determination to develop the economy

Southern province Minister, Joseph Mulyata, says government is working hard to create an environment for increased production necessary for national economic growth. Mr Mulyata said government is currently increasing the hydro electricity sector's capacity to provide electricity to the new mines...

Government ready to partner with private sector on development

Government has reiterated its commitment to work with the private sector and it's cooperating partners on initiatives that aim to exploit the development potential of Luapula Province. Provincial Minister, John Chinyanta also said the continued cooperation between government and partners would...

Belgium pledges to write off debt

Belgium has pledged to write off Zambia’s debt of more than K21 billion (US$5 million), with President Mwanawasa calling on investors from that country to consider investing their money in various developmental areas. Belgium’s Ambassador to Zambia, Peter Maddens, said...

Zambia to pay Vulture Fund $15.4m

The United Kingdom Royal Court of Justice in London yesterday ruled that Zambia should pay US$15.4 million to Donegal International, the Vulture Fund that sued Zambia for US$55 million debt. And commenting on the judgement in an interview in Lusaka...

MMC embarks on a K600 million street lighting project

Municipal Council (MMC) on the Copperbelt Province has set aside K 600 million for street lightning projects in the border town. Town Clerk, Charles Mwandila, disclosed the development in an interview with the Zambia News and Information Services (ZANIS)...

Major Electricity Crisis Looms

The government announced on Monday that the country faced a major electricity crisis as power generation capacity had not kept pace with an economic growth spurt. The energy ministry said in a statement that power supply would be outstripped...

Suspected bogus maize dealers invade Mazabuka

Suspected bogus maize dealers are reported to have invaded Mazabuka district cheating farmers by buying maize at give away prices. Zambia National Farmers Union, Mazabuka branch, Agri- business manager, Clement Phiri who disclosed this to ZANIS in Mazabuka today said his...

RDA challenges local authorities to prepare tender documents

The Road Development Agency(RDA) has appealed to local authorities on the Copperbelt to start preparing tender documents for the K5 Billion that has been set aside by the Government to rehabilitate priority roads covering the 72 District in the...

Stanbic bank records 30 percent profit

Stanbic Bank has recorded a 30 per cent profit increase in the previous financial year, Bank managing director Larry Kalala has said. Speaking at the Bank's first ever quarterly media  briefing in Lusaka today, Mr Kalala said the 30 per...

ZACCI cites export hurdles

Zambian exports have failed to fully penetrate the lucrative Democratic Republic of Congo (DRC) market due to the high cost of production in Zambia, the  Zambia Association of Chambers of Commerce and Industry (ZACCI) has observed. In an interview with...
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Prison Leopards on Friday took a 24 hour lead in Week One of the FAZ Super Division following a...

Kazungula Bridge to enhance trade between Zambia and Bostwana

The Southern Africa Development Community (SADC) Cross Border Traders Association has praised governments of Zambia and Botswana for the progress made towards the completion...

France to attract more investors to Zambia

French Ambassador to Zambia Sylvain Berger has pledged to assist Zambia in intensifying its marketing to attract more French investors to Zambia. Mr. Berger observed...

I am not ashamed of Zambia’s indebtedness-President Lungu

President Edgar Lungu says he is not ashamed of Zambia’s indebtedness because the money has been used to finance the massive Infrastructure development taking...

Kitwe Pastor expresses disappointment with Bill 10 collapse

The Kitwe Pastors Fellowship has expressed disappointment with the collapse of the Constitution Amendment Bill number 10 in Parliament yesterday. Speaking in an interview ...