Tag Archives: billion

Zambia targets US$10 billion worth of Foreign Direct Investment (FDI)

GOVERNMENT has targeted to attract US$10 billion worth of Foreign Direct Investment (FDI) this year to increase Zambia’s capacity to produce finished and value added products. Former Commerce, Trade and Industry minister Robert Sichinga said the Government had increased the … read more »

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First Quantum to pay $1bn tax

FIRST  Quantum Minerals (FQM) has projected to be paying in excess of US$1 billion in profit tax to the Zambian Government annually once Sentinel Mine at Trident comes on stream in 2014. FQM resource optimisation manager John Gladston said in … read more »

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Zesco Seeks $2 Billion in Debt From U.K., U.S.

Zesco Ltd., Zambia’s state-owned power utility, has sent managers to the U.K. and the U.S. in a bid to raise as much as $2 billion in debt from investors, Managing Director Cyprian Chitundu said. Standard Bank Group Ltd. of South … read more »

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Zambia’s needs US7bn Hydro Power investiments

By CYNTHIA MWALE ZAMBIA’S needs US$7 billion to develop its hydro power potential Energy and Water Development Deputy Minister, Mwendoi Akakandelwa has said. Dr Akakandelwa says the total investment cost required for hydro power development is estimated at US$7 billion. … read more »

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Zambia attracts US 2.4 billion FDI flows in first half

By TRYNESS MBALEZAMBIA Development Agency (ZDA) has recorded investments worth US$2.4 billion in Foreign Direct Investment (FDI) inflows in the first half of this year. The increase represents over 100 percent rise in investment compared to last year’s US$959 million … read more »

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Napsa pumps K3.2trn into various projects

By Business Reporter THE National Pensions Scheme Authority (Napsa) has invested K3.2 trillion in various investments and projects in the current financial year as of May 31, 2010. The investment portfolio in treasury bills stands at K396 billion, representing 12 … read more »

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1,000 firms to exhibit at Show

By NKOLE CHITALA OVER 900 local and foreign firms have confirmed participation at this year’s 84th Agricultural and Commercial Show scheduled for this week in Lusaka.The agricultural and commercial show, which will be officially opened by Malawian President Mbingu Wa … read more »

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DEC nabs MP’s son

By JERRY MUNTHALI THE Drug Enforcement Commission (DEC) has arrested Ndola Central member of Parliament, Mark Mushili’s son, Sydney, for alleged money laundering involving over K4 billion. DEC public relations manager, John Nyawali, said Mushili, 33, of house number 32 … read more »

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Zambia’s exports to DRC expected to hit US $2bn

By Post ZAMBIA’S exports to the Democratic Republic of Congo (DRC) are this year set to hit US $2 billion from US $1.2 billion achieved last year, commerce minister Felix Mutati disclosed yesterday. DRC is Zambia’s biggest trading partner in … read more »

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