9.5 C
Alba Iulia
Tuesday, December 6, 2022

Feature Economy

How President Lungu’s loan ban and fiscal measures has averted a crisis and led Zambia to economic recovery

By Kalima Nkonde President Lungu’s decision to stop debt contraction, cancel some existing loans, terminate projects below the 80% completion rate, accelerate payment of suppliers and contractors owed arrears and the implementation of expenditure reduction measures should be applauded by...

Zambia’s foreign debt may hit US$13 billion next year-Chikwanda

Zambia’s external debt may grow by more than 40 percent to $13 billion next year as the cost of planned projects are added to the total, and debt-servicing charges could double, according to former finance minister Alexander Chikwanda. The government...

Economically Empowering Zambians through Infrastructure Investment

1. Introduction Every now and then, especially since the Patriotic Front took over the running of government, the citizenry of Zambia has become accustomed to hearing pronouncements of different projects being launched. In the beginning the people used to get...

How to build Wakanda: Lessons for African leaders from ‘Black Panther’

As "Black Panther" nears a billion in box office worldwide, many Africans have flocked to theaters, sporting traditional African attires with pride to watch their brothers and sisters portrayed as superheroes, a narrative that has been lacking in popular...

Zambia must resist foreign pressure to weaken laws on GMOs

Position on GMOs and the Revised Biotechnology and Biosafety Policy of 2003 Zambia must continue to uphold the highest biosafety standards Zambia’s approach to biosafety since the development of the Biotechnology and Biosafety Policy of 2003 has been cautious and aimed...

KCM’s 2013 output sharply declines

Vedanta Resources has posted 19% lower fourth-quarter copper output from its Zambia operations on the back of lower ore production at its Konkola and Nchanga underground mines. The company’s copper output l for the three months to March reached 27...

Consumer Unit Trust predicts price increases

The Consumer Unit Trust Society International (CUTS) Zambia says a price rise in commodities is expected following the rebasing of the kwacha. CUTS programme officer Tommy Singongi said this is because most business houses have incurred extra costs following the...

Chinese Ambassador commends rebased currency

Chinese Ambassador to Zambia Zhou Yuxiao says the newly launched rebased Zambian currency will make business easy for Chinese investors working in Zambia due to its similarity to their currency Yuan. The Chinese Ambassador noted that the Chinese people will...

Zambian government’s plan to ban raw copper exports may be detrimental to the Mining Industry

The PF governments' plans to ban the export of raw copper is expected to be highly discriminatory against the mining industry and undermine the integrity of Zambia as an investment destination. Chamber of Mines of Zambia (CMZ) president Frederick Bantubonse...

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...

Latest News

Jay Rox and Chile One collaborate on “Ntandaleko”

Jay Rox and Chile One collaborate on "Ntandaleko" The song is about a young couple struggling to take care of...