Economy

FinTech: A Natural Fit for Africa

The following guest column was submitted on behalf of Dave van Niekerk of MyBucks: We’ve heard the sensationalism before – That the unbridled array of opportunities in Africa are either...

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Mahtani Caught Up in Panama Papers Tax Evasion Scandal

The controversial Zambian businessman Rajan Mahtani is facing a potential new criminal investigation related to alleged tax evasion activities revealed by the whistleblower leaks of the so-called “Panama Papers” of...

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ZRA Shuts The Post For K53 Million Debt

Following a Supreme Court ruling ordering Zambia’s largest newspaper, The Post, to pay taxes amounting to K53 million, the country’s Revenue Authority has moved in and this evening raided the...

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Dangote Cement Crippled by Strikes

Operations at the Dangote Cement Zambia Ltd plant near Ndola were reportedly ground to halt this week by striking workers. According to local sources familiar with the dispute, the workers...

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Mahtani Caught Up in Lands Ministry Fraud

Zambia’s most controversial businessman Rajan Mahtani has been caught up in another corruption scandal, this time in an alleged fraud to steal property via the Ministry of Lands, Natural Resources,...

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President Lungu Pursues Innovation Solutions to Power Crisis

President of Zambia Edgar Lungu is taking action to pursue innovative solutions to the ongoing power crisis in Zambia by importing 100MW from a “powership” stationed in neighbouring Mozambique. The...

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Lungu Upgrades Bweengwa Basic School, Where HH Was Educated

President Edgar Lungu has once again proved critics wrong by walking the talk when he promised to upgrade Bweengwa Basic School. President Lungu has sent his Special Assistant for Projects...

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PACRA Official Testifies Against Mahtani’s Cement Shares Fraud

The controversial former banker Rajan Mahtani failed to follow procedure and never presented original share transfer certificates for his disputed claim of shares in Zambezi Portland Cement, according to a...

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UNZA Don Praises Forbes For Ranking Zambia 7th Best African Business Spot

UNIVERSITY of Zambia (UNZA) lecturer Euston Chiputa says the ranking of Zambia as seventh best country in Africa for doing business is commendable. Dr Chiputa said the ranking means that...

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Atlas Mara’s Purchase of Finance Bank Hits Stalemate

The beleaguered former banker Rajan Mahtani seems to not be having a very merry Christmas, as the sale of his business Finance Bank of Zambia Ltd to Atlas Mara for...

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