Economy

Kwacha Gains After 2-day Loss

The kwacha has picked up some gains the past two days after a massive fall in Friday’s trading. The local currency traded at K12.60 per dollar at the close of...

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Kafubu Water Cancels K2.9m Debts

Kafubu Water and Sewerage Company (KWSC) has written off K2.9 million outstanding debts for 897 households in Upper Ndeke Township in Ndola. The water bills had accumulated between 2004 and...

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Munali Nickel Mine Re-Opens Today

President Edgar Lungu will today flag off the exportation of nickel ore from the Munali Nickel Mine in Mazabuka District. Munali Nickel Mine has been off operations for the last...

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Kwacha Update: Local Currency at K12.60 per Dollar

The weakest rate reached at close of trading on Friday was K12.60 against the dollar, with sentiments continuing to look gloomy for the local currency. With this, most corporates have...

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Kwacha Falls after World Bank Cuts Zambia’s GDP Growth Forecast

The Kwacha Falls After World Bank Cuts Zambia’s GDP Growth Forecast The kwacha on Friday traded on a very weak footing following the World Bank’s cutting of Zambia’s Gross Domestic...

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Kafwaya Says Lafarge Has ‘Built’ Zambia

Works and supply minister Mutotwe Kafwaya has said Lafarge Zambia’s quality cement has built Zambia. Speaking when new Lafarge Chief Executive Officer Jimmy Khan paid a courtesy call on him...

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Mopani Resumes Underground Operations

Mopani Copper Mines has announced the resumption of operations suspended last month to pave way for investigations following two mine accidents that led to the loss of five lives in...

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No Revenue Lost at Kasumbalesa, Says ZRA

Zambia Revenue Authority says the current long queues at Kasumbalesa Border Post have no impact on revenue collection. ZRA communications manager Topsy Sikalinda has stated that the trucks going into...

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Central Banks Against Cryptocurrencies Because They Challenge Their Control on Monetary Policies, says BoZ

Bank of Zambia deputy governor for operations Dr Bwalya Ng’andu has said most central banks around the world are skeptical about cryptocurrencies because they challenge their control over key functions...

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BoZ, DEC and FIC Probe Forex Trading Firm

The Bank of Zambia, Drug Enforcement Commission and Financial Intelligence Centre  are investigating a financial company engaged in foreign exchange trading called “Microsavers Hub”. Microsavers is reported to be engaging...

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