Daily Archives: Feb 27, 2013

Fitch Assigns B+ Rating to Zambia

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Parliament News – Zambia

Government is putting stringent measures to strengthen the kwacha and maintain Zambia as a credible investment destination, Finance Minister Alexander Chikwanda told Parliament yesterday. Mr Chikwanda said a continually weakening kwacha induced inflationary spirals which impinged negatively on the country’s … read more »

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Mazhandu Family Bus burnt to ashes along Livingstone-Zimba road

A passenger bus belonging to Mazhandu Family Bus Services, registration number ABX 8677, has been burnt to ashes along Livingstone-Zimba road. ZANIS reports that Southern Province Commissioner of Police, Charity Katanga confirmed the incident an interview in Livingstone , yesterday … read more »

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Zambia Mines GDP contribution to hit $1bn in 2015

ZAMBIA’s mining contribution to the Gross Domestic Product (GDP) is projected to grow to US$1.35 billion by the year 2015, due to increased mining activities. According to the Zambia Extractive Industry Transparency Initiative (EITI), reconciliation report, contribution to GDP was … read more »

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Cancellation of the mining license for Collum Coal Mine in national interest

Government says the cancellation of the mining license for Collum Coal Mine Limited should not be mistaken for nationalization. In a statement made available to ZANIS today, Chief Government Spokesperson Kennedy Sakeni said the action by government is merely a … read more »

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