Zambia signs a US$15.8million economic and technical corporation grant with China

Zambia has signed a US$ 15.8 million dollars economic and technical corporation grant agreement with China. China and Zambia on Monday signed bilateral agreements in different sectors aimed at strengthening relations between the two countries. Chinese Vice Minister of Commerce Li Jinzao, who is leading a...

Delays to Appoint Bank of Zambia Governor Affecting Injection of Capital

The labour movement in the financial sector says lack of a Governor at the Bank of Zambia undermines the respect due to the institution. Zambia Union of Financial Institutions and Allied Workers–ZUFIAW- President, Cephas Mukuka said the state of affairs is hampering investors’ injection of...

President Sata’s rapid ‘reforms’ unsettle investors

AFTER a peaceful transfer of power in September’s election, Zambia faces the uncertainty of the new government getting laws through parliament and a possible energy crisis that could hit the expansion of Africa’s biggest copper sector. Investors have been rattled by the doubling of royalties...

Change with Economic Continuity

By Chibamba Kanyama The success of the economic policies of the Michael Sata-led government will depend on the speedy and open adoption of the programmes initiated by the previous regime. It has been a common practice in Zambia that whenever there is a regime change, leaders...

Zambia lauds China’s zero-tariff decision

The private sector in Zambia has commended China over its decision to grant zero-tariff status to some least developed countries (LDCs), saying it would increase trade opportunities for Zambians. "As the private sector in Zambia, we welcome the move because any opportunities that opens up...

Do we have to block roads for Government to Listen?

I would like to air my grievances over both the former and present government for continuously neglecting G.R.Z. students abroad. We have been airing our problems to them but all in vain. I feel like it takes the blocking of the Great East road for...

Local Money Market Rates

The Kwacha continued on a downward trend on Thursday mimicking further falls in the euro-dollar currency pair, Zanaco Bank reported this morning. According to Zanaco, the local currency extended losses in early trade as it opened at K5035-5055 against a close of K5005-5025 on Wednesday. “The...

Small-scale developments-our mud and our dust in Zambia

By Nellow Simukonde( Civil Engineer) Development to the man in the street, typically means improvement in the environment in which we conduct our daily lives. In our country, it has so far been the opposite in too many places. Development brings along significant deterioration in the...

Scraping of FirstRand Deal Fuels Zambian Currency Slide

Zambian President Michael Sata yesterday scrapped FirstRand Ltd.’s purchase of a local lender and fired the board of the central bank. The Kwacha fell the most against the Dollar. Sata, who defeated incumbent Rupiah Banda in a Sept. 20 election, dissolved the boards of three...

The Task Ahead

By Gray Soko One of the international observers to the just ended elections said that the successful outcome of the elections should be a victory not only for the winning party but for Zambia. Indeed it is all about Zambia and not the party in...

Increase tax exemption – CSOs

The Civil Society organisations have proposed an increase in the tax exemption threshold for Pay-As-You-Earn from K1 million to K1.3million per month in the 2012 budget. The organisations that include the Civil Society for Poverty Reduction and Action Aid, have also proposed an increase in...

Hard Facts

By Gray Soko In 2010 the World Bank named Zambia as one of the world’s fastest economically reforming countries and the Bank has reclassified Zambia as a Lower Middle Income country. This is the World Bank’s analytical income category based on the Bank’s lending strategies....

5 major Zambian roads to be upgraded

THE Development Bank of Southern Africa (DBSA) has released US$71million to the National Road Fund Agency (NRFA) to finance the upgrading of five major roads in Zambia to tarmac level. The released amount is part of the US$262 million DBSA has loaned the agency for...

Mulungushi textiles coming back

Government has assured Kabwe residents that it is making joint efforts with the Chinese government to re-open the Zambia-China Mulungushi Textiles joint venture (ZCMT) which was closed due to under-capitalisation.   Mr Kunda said on March 27 at a public rally that the construction of schools,...

Why the Government needs to tap into the Potential of Zambians living in the Diaspora

The government should also offer business incentives for Zambians in the Diaspora willing to invest back home. This is one of the biggest challenges that need to be faced boldly. Government should ensure that they are incentives that promote investment for citizens in their own country and make sure that Zambians living in Diaspora can easily access and own land. The Business incentive could include tax exemption i.e. on machinery for those setting up industries. This in partnership with other institutions will be one of the forces to building a better Zambia