Tag Archives: price

Zambia loses KR46.7m in shaddy deals

THE latest Auditor-general (AG)’s report has revealed errors where Government was charged US$8.9 million (KR46.7 million) as penalty in an irregularly awarded contract for the supply of eight fire tenders, of which only two have been supplied. In another development, … read more »

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Traders warned over new Kwacha

GOVERNMENT has warned traders countrywide against frustrasting its efforts in implementating the Kwacha rebasing exercise, saying this will trigger price increases and inflation.   Director of domestic trade in the Ministry of Commerce, Trade and Industry, Albert Muchanga said yesterday … read more »

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Rain and drainage issues again?

IT seems the issue of drainages throughout the country is a sharp thorn in the necks of local authorities, especially in Lusaka and the Copperbelt. This clearly exposes their inefficiencies as they went to sleep the whole of last year … read more »

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ZAMBIA: Business round up for the week by Uncle mike

The Return of price controls Events of the week review a disturbing trend of the emergence of price controls. In the financial sector Bank of Zambia has set a ceiling rate for interest to be charged by commercial banks. This … read more »

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Mealie-meal prices reduced

MILLERS have with immediate effect slashed mealie-meal prices following an emergency meeting called by President Michael Sata. The Head of State yesterday held a meeting with members of the Millers Association of Zambia (MAZ) to halt escalating prices of the … read more »

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CUTS predicts price rises

The Consumer Unit Trust Society International (CUTS) Zambia says a price rise in commodities is expected following the rebasing of the kwacha. CUTS programme officer Tommy Singongi says this is because most business houses have incurred extra costs following the … read more »

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CUTS predicts price rises following rebasing

The Consumer Unit Trust Society International (CUTS) Zambia says a price rise in commodities is expected following the rebasing of the kwacha. CUTS programme officer Tommy Singongi says this is because most business houses have incurred extra costs following the … read more »

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PF government will revoke milling licences and resort to price controls

President Michael Sata has strongly warned that the PF government will revoke milling licences and resort to price controls if millers fail to reduce the escalating Mealie meal prices. “All of us here (State House) are getting tax payers money … read more »

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Maize offloaded to cushion escalating price of mealie meal

Agriculture Minister Emmanuel Chenda says the food Reserve Agency has started off loading maize to millers to cushion the escalating price of mealie meal. Mr Chenda has told ZNBC that the process dubbed operation flood the market is expected to … read more »

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