Economy

Mining Surveyor Linked to Corrupt Licensing Scam

Geological Survey Director Chipilauka Mukofu has been named in a mining licence scam in which scores of both local and foreign investors have been duped. Paper trail at the Geological...

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Mahtani Lobbies Malawi to Allow Reopening of Finance Bank

Finance Bank Chairman Rajan Mahtani departed to Malawi yesterday via a private jet with the hope of negotiating the reopening of his bank, which was shut down and banned by...

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M’membe’s New K8 Billion ZRA Debt Brought to Light

Fred M’membe’s patronage of President Michael Sata has landed The Post Newspaper owner, a self styled moralist, at odd with some Patriotic Front loyalist who are taking the fight to...

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Top ZNBC Post in Limbo

There is a tight contest between two top Patriotic Front (PF) diplomats Frank Mutubila and Ben Kangwa as the two are ‘fighting’ over the job of Director General at the...

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President’s Nephew Nabs Major Road Contract

An in-depth investigation by Zambia Reports has revealed that the Roads Development Agency (RDA) under control of State House has single-sourced a contract worth hundreds of million of kwacha to...

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Mahtani Holding Title Deeds to State Newspapers

Finance Bank Chairman Rajan Mahtani allegedly holds the title deeds to both the Times of Zambia and the Zambia Daily Mail, the country’s two government-sponsored newspapers, a source informs Zambia...

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Mahtani Seizes ZNBC Land

Finance Bank Chairman Rajan Mahtani has recently seized control of a prime plot of land belonging to the state broadcaster ZNBC, a source tells Zambia Reports. Mahtani’s bank exercised a...

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Mismanagement at Central Bank Ails Zambian Economy

Some Ministry of Finance officials have blamed the continued delay to appoint Bank of Zambia Deputy Governor for Operations as one of the reasons the financial market is not performing...

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Safari Hunting Ban Lifted; Big Cats Spared

Tourism and Arts Minister Jean Kapata has with immediate effect lifted the ban on Safari hunting that was imposed by then Tourism Minister Sylvia Masebo. Ms. Kapata announced in Lusaka...

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Weak Kwacha Prompts Layoffs at Lafarge Cement

The LaFarge Cement company is pondering laying off some 30% of its workforce of 670 employees, according to a memo circulated by a group of unionised workers. Lafarge Cement, which...

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