Category Archives: Business

Barclays forecasts further, rapid kwacha fall

THE kwacha is expected to continue depreciating at a rapid pace going into 2016 owing to difficult global and local economic conditions, says Barclays Bank Africa chief economist Jeff Gable. The kwacha broke the K8.00 psychological barrier last week per … read more »

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Cargill completes acquisition of Zamanita from Zambeef

Cargill has completed the acquisition of Zamanita Ltd, the soybean crushing and oil refining subsidiary of Zambeef. Zamanita now becomes an integral part of Cargill’s business in Zambia. As part of the deal, Cargill has acquired all of Zamanita’s assets, … read more »

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Embrace hire purchase of vehicles, Yeti Motors advises Zambians

YETI Motors Limited, the dealers of Hyundai motor vehicles, says a new car is no longer a luxury, urging Zambians to embrace the hire purchase arrangement the company has introduced. Hyundai dealer principal, Solomon Kimme said the hire purchase arrangement … read more »

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Nyamuka Zambia Application Period Ends

The Nyamuka Zambia Business Plan Competition application period is now closed. The competition whose application period was officially opened by the deputy Minister of Commerce, Trade and Industry, Honourable Miles Sampa, on Tuesday, 17 February 2015 at 12h00, closed at … read more »

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Uncovering Zambia’s Agriculture Potential

Zambia has one off the most favourable climate in Africa. Despite Zambia being richly blessed with abundant natural resources water inclusive and arable land. She has never fully utilized her agriculture potential. Hon Akinwumi Adesina former Nigeria’s Minister of Agriculture … read more »

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IRISH AID SPONSORS NYAMUKA ZAMBIA GOOD NUTRITION PRIZE

Nyamuka Zambia has announced that Irish Aid has come on board to sponsor the ‘Nyamuka Zambia Good Nutrition Prize’ for its business plan competition. The prize is being sponsored as part of Irish Aid’s contribution to the Scaling Up Nutrition (SUN) … read more »

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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 »

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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 »

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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 »

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