Economy

Mutati Is New Finance Minister As Pres. Lungu Unveils Part Cabinet

President Edgar Lungu has hit the ground running appointing part of his Cabinet with MMD president Felix Mutati as nominated MP designated to the Ministry of Finance while Davies Chama...

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Mahtani Loses Court Battle He Attempted To Use To Extort A Financial Expert Out Of K1 million

Businessman Rajan Mahtani, widely known for his fraudulent activities, has lost a legal battle against Lusaka-based financial expert Simataa Simataa. This follows the decision by the Lusaka High Court to...

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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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