Economy
NAPSA BECOMES MAJORITY SHAREHOLDER IN ZAMBIA INDUSTRIAL COMMERCIAL BANK
Lusaka ~ Wed, 12 May 2021 By Brightwell Chabusha The National Pensions Scheme Authority (NAPSA) has increased its equity stake in Zambia Industrial Commercial Bank (ZICB) from 15.83% to 65%....
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KCM Trashes Bloomberg Report on Alleged Closure
Konkola Copper Mines has dispelled as false information attributed to Bloomberg suggesting that operations of the mine and its two subsidiaries at the Konkola Deep mine have been shut down....
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ZAMBIA IN ANOTHER MAIZE BUMPER HARVEST
Lusaka ~ Wed, 5 May 2021 By Brightwell Chabusha Zambia is expected to harvest over 3.6 million metric tonnes of maize from the 2020-2021 farming season compared to over 3.4...
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ZRA EXCEEDS REVENUE TARGET IN FIRST 4 MONTHS OF 2021, COLLECTS K5.8 BILLION
Nakonde ~ Tue, 4 May 2021 By Brightwell Chabusha The Zambia Revenue Authority (ZRA) has lifted all suspensions slapped on clearing agents who participated in the disruption of border operations...
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BoZ Gold Reserves Swell
The Bank of Zambia has purchased 282.79 kilogrammes of gold since December, 2020 at a cost of K345.6 million. About 195.95 kilogrammes was purchased from Kansanshi Copper Mining at a...
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CHAMBER OF MINES WELCOMES FITCH’S UPGRADE OF ZAMBIA’S RATING
Lusaka ~ Sat, 17 April 2021 By Brightwell Chabusha The Zambia Chamber of Mines has welcomes Fitch Ratings’ positive rating of Zambia with regard to the mining sector. Fitch has...
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IMF SEES POSSIBLE BAILOUT PACKAGE FOR ZAMBIA BEFORE AUGUST ELECTIONS
Lusaka ~ Fri, 16 April 2021 The International Monetary Fund (IMF) says it still hopes to reach a deal with Zambia before the August elections on an economic program that will form...
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BRAZILIAN BANK OFFERS SUPPORT TO SADC IMPORTS AND EXPORTS
São Paulo ~ Fri, 02 April 2021 By Brightwell Chabusha Standard Bank Brazil, one of the major financing institutions in Sub Saharan Africa, says it is ready to fund import...
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2 CEMENT COMPANIES FINED FOR PRICE FIXING, DIVISION OF MARKETS AS DANGOTE ESCAPES PENALTY
Lusaka ~ Wed, 31 Mar 2021 By Brightwell Chabusha The Board of Commissioners of the Competition and Consumer Protection Commission (CCPC) has fined Lafarge Zambia Plc and Mpande Limestone Limited...
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EAZ URGES PRIVATE, PUBLIC SECTORS TO PRODUCE MORE FOR WEALTH CREATION
Lusaka ~ Tue, 30 Mar 2021 By Brightwell Chabusha The Economics Association of Zambia has called on the private and public sectors to enhance productivity to grow the national income...
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