Archive by category Business

$1BN BOND TO STEADY ECONOMY, SAYS YAMBA

$1BN BOND TO STEADY ECONOMY, SAYS YAMBA

ZAMBIA’S economy is headed out of turbulence following the recent issuance of the US$1billion Sovereign Bond, Secretary to the Treasury Fredson Yamba has …

NCZ starts fertilizer production

NCZ starts fertilizer production

Nitrogen Chemicals of Zambia has started producing fertilizer for the 2014/2015 farming season. Agriculture Minister, Wilbur Simuusa says the company will …

Zambia loses $4m in maize wastage

Zambia loses $4m in maize wastage

From DARLINGTON MWENDABAI in Chadiza GOVERNMENT is losing about US$4 million annually in maize wastage due to lack of storage facilities in the country, …

Luangwa to be connected

Luangwa to be connected

Luangwa District is poised for economic boom when the district is connected to the National Grid in December this year. And Luangwa District Commissioner, …

KCM in financial woos

KCM in financial woos

Management at Konkola Copper Mines KCM has admitted that the mining firm is going through a challenging financial position. Meanwhile, the Mine Workers Union …

REA to connect more rural areas

REA to connect more rural areas

The Rural Electrification Authority-REA is this year expected to carry out nine electricity grid extension projects at a cost of 24-million kwacha. Corporate …

Comesa, Russia consider rail

Comesa, Russia consider rail

COMESA is exploring ways in which to work with Russia in setting up a regional Railway system. COMESA Secretary General Sindiso Ngwenya says the region cannot …

KCM in financial woos

KCM in financial woos

Management at Konkola Copper Mines KCM has admitted that the mining firm is going through a challenging financial position. Meanwhile, the Mine Workers Union …

Zambia float $1bn bond

Zambia float $1bn bond

Zambia has successfully issued a second sovereign bond in the international capital market amounting to 1- billion United States dollars. Acting Finance …

Zambia launches US$1bn 10-year Eurobond

Zambia launches US$1bn 10-year Eurobond

The Zambian Government has launched a US$1bn 10-year Eurobond at a final yield of 8.625%. Reuters reports citing sources that at 8.625%, the yield is at the …

GDP grows by 25%

GDP grows by 25%

The Central Statistical Office says Gross Domestic Product-GDP has increased by more than 25 percent after the GDP base year was changed from 1994 to 2010. …

Emirates draw picks a winner

Emirates draw picks a winner

Lucky raffle winner receives two tickets to Dubai Emirates, which flies daily direct from Lusaka to Dubai and Harare, has given a lucky shopper the chance to …

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