Economy

Government Releases K2.5Bn In The Face Of Covid-19 Threat

Government has spelled out an economic plan amidst the outbreak of Coronavirus which is paralyzing business, with K700 million likely to be spent to mitigate the impact of COVID-19. Finance...

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Reduce Mealie Meal Prices Or Close Your Shops, Warns Mwakalombe

Copperbelt Minister Japhen Mwakalombe has threatened to close all mealie meal outlets that are selling the commodity at over K130. Mr. Mwakalombe, who was on a tour to sensitize marketers...

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The Bank of Zambia Says The Risk Of Global Growth Remains Tilted Downwards.

The Bank of Zambia Says The Risk Of Global Growth Remains Tilted Downwards. BoZ further notes that Inflation outcomes are expected to range from a minimum of 13.4% to 14.3%...

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Moody’s Comments On The Impact Of The Coronavirus Pandemic On African Banks

The Coronavirus pandemic and the sharp oil price drop have already led to portfolio outflows from emerging markets, including Africa, and will exacerbate the slowdown in economic growth at a...

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There’s Still Hope For The Kwacha

Not all is lost for the kwacha despite massive losses posted since last week as demand for the dollar continues. FNB has stated that the local unit continued to lose...

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Kwacha Loses 4.7% In Last Week’s Trading

The kwacha last week lost close to 4.7% of its value after opening the week at K15.30, when it closed the week at over K16 per United States dollar. Much of the...

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Multi-Player Participation In The Railway Sector Coming

Transport and Communications Permanent Secretary Misheck Lungu says Zambia is in the process of revising rules and regulations governing operations of the railway sector in the country to provide for...

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World Bank Positive About Zambia’s Economy

World Bank Executive Director for the Africa Group 1 Constituency Anne Kabagambe is positive that the actions being taken by the Zambian government to restore fiscal health and stabilise the...

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Inflation Expected To Remain High But Will Decline As Food Supply Improves – BoZ.

The Bank of Zambia’s Monetary Policy Committee has maintained the policy rate at 11.50 per cent. The Bank also expects the country’s inflation to remain high over an earlier part...

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Government Welcomes LUSE Commodities Market, Says It Will Assist Small Scale Farmers And SMEs

Vice-President Inonge Wina has said lack of certifiable collateral is one of the challenges being faced by small scale farmers and SMEs in accessing finance. Speaking in a speech read...

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