Tag Archives: USD

Zambia copper output to rise to 2 million tonnes

Copper output in Zambia is expected to rise to 1.5 million tonnes in 2017 from 800,000 tonnes this year due to increased investment in the mining sector. The projection is due to new projects coming on stream and expansion of … read more »

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Zambia Projected US$300 million annual copper revenue

THE World Bank says Zambia’s revenue from its vast mining sector will by 2015 increase by an additional US$100 million from the current US$300 million for every overall export earnings of about US$5.3 billion. Country manager for Zambia Dr Kapil … read more »

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Mining investors noticing Zambia − development agency

Zambia is looking increasingly attractive to global mining investors, Zambian Development Agency director-general Andrew Chipwende said on Wednesday. The global interest could be attributed to the country’s mining legislation, which he said was conducive to exploration and investment. Speaking at … read more »

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IMF ranking of Zambia cheers RB

By ANGELA CHISHIMBA PRESIDENT Banda says he is happy with the International Monetary Fund (IMF) ‘s announcement that Zambia has been rated among the top four high-performing African countries. President Banda’s special assistant for press and public relations Dickson Jere … read more »

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PRESIDENT Banda’s son James sues Mpombo

By CHARLES MUSONDA PRESIDENT Banda’s son James has sued Kafulafuta member of Parliament George Mpombo for libel over the latter’s allegations that he was involved in the procurement of arms worth US$100 million from South Africa. Mr Banda says Mr … read more »

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Is another debt crisis looming – Asks JCTR

While spending K1.3 trillion (approximately 6% of 2011 budget) on road works for Kitwe and Lusaka as was recently announced by the President is a welcome move, the mode of financing these works is of great concern, says JCTR. Since … read more »

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Zambia to buy 1.3 million tonnes of maize from farmers

LUSAKA (Reuters) – Zambia will buy 1.3 million tonnes of maize from its farmers after a bumper harvest left it with a surplus of 1.6 million tonnes, the Food Reserve Agency (FRA) said on Tuesday. The state-run FRA said in … 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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