Tag Archives: investment

Pull out by biofuels firm regrettable

THE Biofuels Associations of Zambia (BAZ) has described the decision by a Chinese firm, Kaid Bio Mass to pull out of Zambia, as unfortunate because the move will deny the country of the immense economic benefits. Kaid Biomass Zambia Limited … read more »

Posted in Business | Tagged , , , , , , , , | Leave a comment

Zuma warns west’s ‘colonial’ corporates in interview with FT

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. Jacob Zuma, South Africa’s president, has warned western companies they must change their old “colonial” approach to … read more »

Posted in Columnists | Tagged , , , , , , , , , | Leave a comment

Mopani invest $27 million to upgrade its Nkana Cobalt Plant

Mopani Copper mines Plc is to invest more than KR142, 000,000 ($27,000,000) to upgrade its Nkana Cobalt Plant which will result in an increase in production capacity from 2,800 tonnes to 7,000 tonnes of cobalt metal per annum. The upgrade … read more »

Posted in Business | Tagged , , , , , , , , , | 1 Comment

TAZARA needs over $130 million to recapitalise

Over $130 million (about KR 650 million) is required to recapitalise the Tanzania-Zambia Raliway Authority (TAZARA) into a self sustainable railway line. At a TAZARA Board of Directors and Council of Ministers meeting in Lusaka recently, management revealed that the … read more »

Posted in Business | Tagged , , , , , , , , , | Leave a comment

TAKE KEEN INTEREST IN AFRICA – SAMPA ADVISES SCHOLARS AT HARVARD

Deputy Finance Minister Miles Sampa has called on scholars in business management, economics and government policy at Harvard University in Boston to take keen interest in Africa. Mr. Sampa said Africa is endowed with huge reserves of raw materials that … read more »

Posted in LATEST | Tagged , , , , , , , , | Leave a comment

GEMFIELDS SHOWCASES ZAMBIAN EMERALDS TO THE WORLD

Gemfields, which owns 75 percent of the Kagem emerald mine in Lufwanyama District in partnership with the government of Zambia, has recently been highlighting the nation’s gemstones at the world’s largest mining investment event. The stylish Cape Town initiative demonstrated … read more »

Posted in arts, Beauty & Health, Business, Culture & Fashion, Press Releases, STATEMENTS | Tagged , , , , , , , , , | Leave a comment

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 »

Posted in Business | Tagged , , , , , , , , | Leave a comment

Vedanta to invest $200m in Zambia copper mine

LUSAKA – Zambia’s Konkola Copper Mines (KCM), owned by London-listed Vedanta Resources, plans to invest $200-million in an abandoned openpit mine which last produced copper in the 1970s, its CE said on Thursday. KCM CE Jayekumar Janakaraj said on Thursday … read more »

Posted in Business | Tagged , , , , , , , , | 3 Comments

Lusaka second on top 10 African cities with most growth over the next five years

This is if the recently released MasterCard African Cities Growth Index is to be believed. The index, produced on behalf of MasterCard by Prof. George Angelopulo of the University of South Africa, includes 19 sub-Saharan African cities, ranking them according … read more »

Posted in Business, Columnists | Tagged , , , , , , , , , | 1 Comment