Economy

Zambian Minister of Education South African Satellite Project

This week Zambia’s Minister of Education Michael Kaingu made a visit to the planned site of the leading scientific research facility in South Africa, the Square Kilometre Array (SKA). The...

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Chama Oil, If Only It Had Become Reality

Chama oil, if only it had become a reality – maybe the recent fuel shortage and the many before would not have happened. Yes, if the Chama oil had become...

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Zambia Reforms its Mining Royalty Tax

After several months of negotiations with some of the country’s top international mining firms, on Wednesday the government announced changes to a controversial mineral royalty tax. The announced revision of...

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Zambian Army Under-Equipped for Modern Combat

A top level military source has told Zambia Reports that much more than uniforms, helmets and other protective gear are needed for the Zambian Army to conform to modern professional...

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Illegal CEO of Zambezi Portland Cement Flees Country after Court Ruling

The chief executive officer of the Zambezi Portland Cement (ZPC) company has fled Zambia following a High Court decision relating to the contested ownership of the $160 million Ndola-based company....

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UTH Nurses Still Not Paid

Scores of nurses who were recently re-instated into their jobs by the government have gone for two months without receiving their salaries, an independent investigation has shown. According to the...

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Credit Suisse Dumps Finance Bank Shares

In what may be seen as a sign of collapsing confidence in local financier Rajan Mahtani, Credit Suisse has dumped a 25% stake in Finance Bank of Zambia Limited (FBZL),...

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Mahtani Delists Finance Bank; Tries to Dribble Lungu

Following months of anticipation, controversial businessman Rajan Mahtani has made the surprising move to withdraw the planned listing of Finance Bank of Zambia on the Lusaka Stock Exchange (LuSE), according...

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UTH Illegally Selling Blood, Investigation Shows

There is rampant unauthorised selling of blood at the University Teaching Hospital (UTH) and Levy Mwanawasa Hospital blood banks, an independent investigation has shown. The probe into reports that health...

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Barrick Gold Unlikely to Shut Down Lumwana – Chikwanda

Finance Minister Alexander Chikwanda says that Barrick Gold will not take the drastic step to shut down Lumwana mine following protracted disputes with government. Meanwhile the protesting workers shut out...

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