Zambian Government Owes Toyota $8 Million

Transport minister Yamfwa Mukanga has acknowledged that the Zambian government owes Japan car manufacturer Toyota K40 billion (US$8 million) in unpaid arrears. However the minister has dismissed reports that the...

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Zambia Inks $2.5b Oil Deal with Angola

The Zambia Development Agency (ZDA) and an international corporation of Angola on Friday signed a US$2.5 billion memorandum of understanding (MoU) which will see the construction of a petroleum pipeline...

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CEC Shareholders in $12.2m Dividend

The Copperbelt Energy Corporation (CEC) declared dividend of over US$12.2 million to shareholders as at October, 2011.  The firm has also posted a double increase in profit before interest and...

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