Economy

Zambia’s Oil Procurement Saga Goes to Court

Zambia’s oil procurement saga is taking a new twist with one of the bidding companies Kenoil Kobil dragging the PF government to court. Minister of Energy Christopher Yaluma has hinted...

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Energy Minister Claims Malawi Fuel Donation Unrelated to Shortages

Energy minister Christopher Yaluma has claimed that the fuel shortage still being experienced in some parts of Zambia had nothing to do with the recent donation of fuel to neighboring...

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Brazil Lessons Elate Zambian President Sata

Zambian president Michael Sata is happy to draw some vital lessons from Brazil particularly the operations of councils. President Sata, a former Lusaka governor who was later local government minister,...

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Guy Scott Says Zambia Needs to Invest Billions

Vice-President Dr Guy Scott says the PF government needs billions of dollars to fix Zambians problems or risk being kicked out of power in 2016. Answering to questions from school...

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Sharp Decline in Copper Prices Threaten Zambia’s Economic Stability

Copper prices dropped to a six-month low on Friday around US$7,200 per tonne, prompting concerns of a shaky economic outlook and possible political challenges to President Michael Sata in his...

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Sata Has Ignored Zambian Tech Start-Ups, Says Businessman

Zambia’s international engineering expert has Professor Clive Chirwa has dismissed as “untruthful” requests by President Michael Sata for help with western technology. Prof Chirwa who is head of Bolton Automotive...

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Zambia Down to Two Weeks of Fuel Reserves

Zambia has only enough fuel reserve to last up to July 6, this year, according to information obtained from Indeni, the country’s only refinery. Source say if the country does...

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Mining Companies in Zambia to Face Higher Electricity Tariffs

The Energy Regulation Board plans to gradually hike electricity tariffs for mining firms to achieve cost reflectivity by 2015. ERB director for infrastructure and regulation, James Manda, said the energy regulator...

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Zambia needs Reforms for Pro-Poor Growth – IMF

IMF says Zambia needs reforms to lay the basis for pro-poor development to facilitate employment growth in the formal sector. Contributing to debate on job creation in the country at...

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Vice President Scott Assails Mining Companies over Corporate Social Responsibility

Vice-President Dr Guy Scott has urged mining firms to enhance their social responsibility by investing into the communities they operate in. Speaking at the 2nd Zambia international mining and energy...

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