Tag Archives: Situmbeko Musokotwane

Glencore’ Mopani told to pay more taxes

LUSAKA – Zambia has asked commodity trader Glencore’s Mopani Copper Mines for unpaid taxes after an audit of the subsidiary, leaked earlier this year, revealed it had underpaid mining dues, Minister of Finance and National Planning Situmbeko Musokotwane has said. … read more »

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Mine tax funds K1 trillion road construction

By CHRISTINE CHISHA GOVERNMENT has disclosed that the K1 trillion to be used on an urban roads rehabilitation programme will be paid by mining companies. Minister of Finance and National Planning Situmbeko Musokotwane said this is money that the mining … read more »

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Zambia 2011 GDP to grow above 7%

LUSAKA, May 21 (Reuters) – Zambia’s economy is likely to grow beyond 7.0 percent in 2011 largely driven by investments in mining and infrastructure, Finance Minister Situmbeko Musokotwane said on Saturday. “We are set to have very good growth in … read more »

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ZAMBIA has frozen Libyan 75 percent shares in Zamtel

LAP Green shares frozen By DARLINGTON MWENDABAI ZAMBIA has frozen LAP Green Network’s 75 percent shares in Zamtel in conformity with the international community’s decision to freeze all assets belonging to Libya following the unrest in the Arab country, Zamtel … read more »

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Saudis plan major pineapple project US$125 million

By CYNTHIA MWALE SAUDI firm Menafea Holding intends to invest US$125 million in a 5,000-hectare farm in North-Western Province this year and in building 2,000 housing units in Lusaka South multi-facility economic zone (MFEZ). The project is expected to create … read more »

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Zambia ready to launch $500 million eurobond, has a B credit rating

Zambia is getting ready to launch a debut $500 million eurobond after receiving a B credit rating from Fitch this week, Finance Minister Situmbeko Musokotwane said on Today. Dr Musokotwane told Reuters in an interview the rating will also help … read more »

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Zambia to secure a credit rating in March

Zambia, Africa’s largest copper producer may secure a credit rating by March this year to enable the Southern African nation attract more portfolio investors into the country and develop infrastructure.   The ascendance of Zambia to a credit rate status … read more »

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President Rupiah Banda on a 5-day Eastern province tour

President Rupiah Banda will this week launch the construction of the 97 billion kwacha Chipata – Lundazi road in the Eastern province. This will be during his five day tour of the province. The President who is expected in the … read more »

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Zambia: Poverty levels worry State

By NANCY MWAPE GOVERNMENT is concerned with the high poverty levels in Zambia and low per capita incomes despite significant strides made in growing the economy over the last decade. Minister of Finance and National Planning Situmbeko Musokotwane said in … read more »

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