Category Archives: Business

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

LUNGU DIRECTS CHANGES TO NEW MINERAL ROYALTY TAX

PRESIDENT Edgar Lungu has directed the Minister of Finance and Minister of Mines and Minerals Development to effect changes to the 2015 Mineral Royalty Tax by 8th April 2015. In letters to the two ministers today, President Lungu stated that … read more »

Posted in Business, LATEST | 1 Comment

PTA Bank has no intention to stop financing Zambia

PTA Bank has confirmed that it reminded Ministry of Finance over Zambia’s outstanding debt accumulated from crude oil financing, but says it does not intend to stop dealing with the country. PTA Bank stated that Zambia’s outstanding debt was affecting … read more »

Posted in Business | Leave a comment

BOZ to curb Kwacha depreciation – Kalyalya

BANK of Zambia (BoZ) Governor Denny Kalyalya says the central bank will take necessary measures to curb the depreciation of the Kwacha. He said BoZ has already instituted measures such as open market operations to stabilise the Kwacha. Dr Kalyalya … read more »

Posted in Business | Leave a comment

Government procures enough fuel to sustain the country – Yaluma

Energy Minister Christopher Yaluma says Government has succeeded in containing the fuel shortage that recently hit some parts of the country. Mr. Yaluma says government has procured enough fuel to sustain the country for a considerable period of time. The … read more »

Posted in Business, LATEST | Leave a comment

Kwacha now hits K8 per dollar

The Zambian Kwacha continued fairing badly against the major currencies this week, by closing og business on Friday the US dollar was selling at K7. 79 and buying at K7.64. The British Pound was selling at K11.49 and buying at … read more »

Posted in Business | Leave a comment

Nyamuka Zambia Business Plan Competition Officially Launched

  The Minister of Commerce, Trade and Industry Honourable Margaret D. Mwanakatwe, MP says the Private Sector, Civil Society, Training Institutions, Development Partners and entrepreneurs should synergize interventions and join hands with the Government of the Republic of Zambia to … read more »

Posted in Business, LATEST | 1 Comment

GOVT ANNOUNCES THE REDUCTION OF WHOLESALE MEALIE MEAL PRICES

Government has announced the reduction of wholesale mealie meal prices. Agriculture and Livestock Minister Given Lubinda says millers have agreed to reduce the wholesale prices from a maximum of K61 breakfast mealie meal to K56 per 25kg bag saying the … read more »

Posted in Business, LATEST | Leave a comment