Economy

Inflation Rises To 9.3%

The annual rate of inflation for the month of August has increased to 9.3 per cent from 8.8 per cent recorded in July, 2019. Addressing the media in Lusaka today,...

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330 KV Transmission Line Damaged in Central Province

Power utility firm Zesco says unknown people have brought down a 330 KV transmission line tower in the Central province of Zambia. Zesco Spokesperson Henry Kapata explains that the incident...

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Mulenga Hails Financial Sector Role in Economic Development

Youth and Sports Minister Emmanuel Mulenga has said the financial sector is critical to the attainment of sustainable economic development. During the launch of United Bank for Africa (UBA)’s Platinum...

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NAPSA Gets 100ha In Solwezi For Housing Project

National Pension Scheme Authority (NAPSA) has secured over 100 hectares of land in Solwezi’s Kazhiba area for the construction of over 400 low and high cost houses. This follows the...

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Council Razes Makeshift Structures at Mokambo Border

The Mufulira Municipal Council has demolish makeshift structures at Mokambo Border Post bordering Zambia and DR Congo on the Copperbelt Province. The demolition of the makeshift stands was conducted in...

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30 SA Investors Pledge to Invest in Zambia

A delegation of 30 South African investors visiting Zambia on a trade mission have pledged to invest in rail, road, steal, manufacturing and mining on the Copperbelt. During a courtesy...

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1,500 Contract Workers Lose Jobs at Mopani

Over 1,500 workers engaged by various contractors at Mopani Copper Mine’s Mindola and Central Shafts have lost their jobs following the mining giant’s decision not to renew all contracts for...

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ZANACO Projects Tight Liquidity

ZANACO has projected an end year inflation of 10.46 per cent this year premised on increased prices of basic commodities. ZANACO has further indicated an expected slowdown in economic growth...

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ZRA Recovers K2m From Dubiously Imported Heavy Duty Vehicles

The Zambia Revenue Authority (ZRA) has recovered K2 million in taxes  from owners of 356 heavy duty vehicles impounded for dubiously entering Zambia in June this year. ZRA Corporate Communications...

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Manda Hill Mall Up For Sale

Manda Hill Shopping Mall has been put up for sale by Hyprop Investments, the owner of Hyde Park Corner, The Mall of Rosebank and Canal Walk, as the foreign investor...

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