Category Archives: Business

WHY we got it all wrong on taxation…..

By Reasonata Taxation has been defined by economists as the reduction of both purchasing power and investment. The former being PAYE deducted from employees and the latter funds that should have been used to create more wealth by companies. A … read more »

Posted in Business, Columnists | Leave a comment

Cargill’s purchase of Zamanita moves closer as Zambeef shareholders unanimously approve deal

Cargill and Zambeef Products PLC have made progress towards completing a deal for Cargill to purchase Zamanita Limited, the soybean crushing and refining subsidiary of Zambeef. The deal has been formally approved by Cargill’s Board of Directors and today Zambeef’s … read more »

Posted in Business, LATEST, Press Releases | Leave a comment

Entrepreneurship, a viable option for Zambians

  The now famous ‘UNZA 6’ graduates who protested about the lack of employment in the country and were subsequently arrested, have created a heated debate in Zambia around employment, the role of government in job creation and entrepreneurship. This … read more »

Posted in Business, LATEST | Leave a comment

Almost 1 million foreigners visited Zambia in 2014

The total number of international tourist arrivals in Zambia increased to 946,969 in 2014 as compared to 914, 576 in 2013, representing an increase of 3.4 percent. Ministry of Tourism and Arts Permanent Secretary Stephen Mwansa said in a statement … read more »

Posted in Business | Leave a comment

LUNGU’S TRIP TO BRING IN $1.5 BILLION IN INVESTMENTS

Republican President Edgar Lungu’s trip to the far East will rake in about $1.5 billion in investments back home, Foreign Affairs Minister Harry Kalaba has revealed. And Special Assistant for Press and Public Relations Amos Chanda has advised FDD President … read more »

Posted in Business, LATEST | Leave a comment

Reversing of the new mining tax regime will have negative impact

THE reversing of the new mining tax regime will have a negative impact on project implementation, the Zambia Council for Social Development (ZCSD) has said. President Edgar Lungu recently directed the ministers of Finance and Mines, Energy and Water Development … read more »

Posted in Business | 1 Comment

KCM liable found negligence

OVER 2000 victims of water pollution in Chingola have won the case in which they sued Konkola Copper Mines (KCM), seeking the court to find the mining giant guilty of negligence. This follows the judgment by the Supreme Court to … read more »

Posted in Business | Leave a comment

Zambia’s K5.4 Billion Road Sector Budget

“Road travel should not be riskier than any other daily activity we undertake. Also tackling corruption in the road sector will require a comprehensive response of integrated measures”. By Daniel Mwamba The National Road Fund Agency (NRFA) just announced the … read more »

Posted in Business, Columnists | Leave a comment

Keep on course Zambia’s economic Destiny

BY REASONATA So our country once again has sworn in a 6th President Edgar Lungu to lead us up to yet another election in 2016. So short a period that it defies logic. A situation brought about by unusual changes … read more »

Posted in Business, Columnists | Leave a comment