Economy

January 2020 Food Basket Cost Shoots Up!

The cost of living as measured by the Jesuits Centre for Theological Reflections Basic Needs and Nutrition Basket for the month of January 2020 has increased to K7,410.96 for a...

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Meet The Dad Who Bought His 10-Year Old Daughter a Vending Machine

Instead of toys, clothes, or gadgets, Reco Oxendine, a father from Pennsylvania, has gifted his 10-year old daughter with her very own vending machine to give her an early start...

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MUZ Goes Ahead To Sign 7% Salary Increment For Workers, Despite It Being Rejected.

The Mineworkers Union of Zambia (MUZ) and other unions have signed the 2020 collective agreement with Mopani Copper Mines at 7% despite the percentage being rejected by miners. This follows...

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Zambia – Vedanta Row Escalates, As Minister Calls Company “Criminal.”

Zambia has escalated its attacks on miner Vedanta, owned by Indian mining magnate Anil Agarwal, saying the company has been involved in criminal activities, including underpaying taxes and breaking investment...

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Kapiri To Get Vehicle Assembly Plant.

Zambia’s celebrated UK-based Professor Clive Chirwa has announced that the AUVIV vehicle assembly plant will soon be launched in Kapiri Mposhi, Central Province that is expected to create about 1,000...

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ZCCM – IH Establishes A Gold Company

ZCCM Gold Company is a Zambian newly established company that will oversee the mining, processing, refining and marketing of gold in Zambia. The company is owned by ZCCM- IH (51%)...

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Dangote Customers Complain Over Defective Cement

Some residents of Chingola have cried foul over the substandard cement which was produced  by Dangote. Some consumers who reportedly bought the product before it was recalled have taken to social...

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Pay Rise For Kagem Unionised Employees!

Kagem Mining, which operates the largest emerald mine in the world, in Lufwanyama, has signed a collective agreement with unions under which unionised employees will receive a 10% increase in...

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The ZESCO – CEC Impasse May Erode Investor Confidence In The Energy Sector – Mutati

Former Minister of Finance Felix Mutati has cautioned that the impasse between ZESCO and the Coperbelt Energy Corporation arising from the power sharing agreement may erode investor confidence in Zambia....

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Zambian Breweries Plc Dragged To Lusaka High Court!

A Siavonga resident has dragged Zambian Breweries Plc to the Lusaka High Court after he consumed beer contaminated with fungi. Mr. Oliver Muunga is now claiming damages for personal injuries...

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