Economy

Zambia Backpedals on Trafigura Deal

The Zambian Ministry of Energy has backpedaled on its decision to award a multi-billion kwacha oil supply tender to Trafigura. This comes a few days after the Zambia Public Procurement...

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Sata Demands Reports from Mining Companies

The Patriotic Front administration of President Michael Sata has introduced regulations to compel mining companies to provide information on tonnage, type and grade of ore mined, including operating cost sheet...

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Germany Lends Zambia K550 Billion

Zambia and Germany have signed a K550 billion finance and technical cooperation agreement. Of the k550 billion, k221 billion will go towards poverty reduction budget support with particular emphasis on...

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More Fuel Shortages Hit Zambia

Permanent Secretary of Energy George Zulu says the current fuel shortages which have hit consumers are expected to improve this week. A number of service stations in Lusaka have run...

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Sweden Urges Balanced Mining Taxation

Swedish finance minister Anders Borg has urged the Zambian government to balance the collection of tax revenues from the mining sector without stifling the industry which is the country’s economic...

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