Economy

ERB Announces Rare Price Reduction

The Energy Regulation Board has announced a rare downward adjustment of prices with effect from midnight. According to the ERB Board Chairperson Francis Yamba the reduction has been triggered by...

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Mutati Says Inter Market Bank Under Review; Investrust Is Safe

Finance Minister Felix Mutati says the financial market in the country is stable despite what has happened to Inter Market Bank. Delivering a Ministerial Statement Mutati said that he was...

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JCTR Punch Holes In Mutati’s Budget

The Zambian Centre for Theological Reflection has dug into the recently released budget by Finance Minister Felix Mutati and picked out the non-taxable income threshold of K3, 300 and below...

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IMF Hints At Tough Times Ahead For Zambia’s Economic Recovery

The International Monetary Fund has wound up its Zambian mission providing a brutally honest status assessment of the economic situation as the country warms up a recovery package. During the...

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Standard Chartered Bank Freeze Accounts Of UPND Spokesperson

An international bank, Standared Chartered, has allegedly frozen the bank accounts for opposition UPND spokesperson Charles Kakoma. Kakoma has since accused the bank of being manipulated by the Zambian government...

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No IMF Deal Yet, Says Mutati

Finance Minister Felix Mutati says government has not yet hosted any detailed programme discussions with the IMF and there are no preconditions. Delivering a Ministerial Statement in parliament, Mutati said...

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Zambian Youngsters Win Global Financial Award

A team of four Zambians has won the Global Financial Award in South Africa after beating Australia and Ghana in the final. According to a statement from Nicky Shabolyo at...

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Mutati Is New Finance Minister As Pres. Lungu Unveils Part Cabinet

President Edgar Lungu has hit the ground running appointing part of his Cabinet with MMD president Felix Mutati as nominated MP designated to the Ministry of Finance while Davies Chama...

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Mahtani Loses Court Battle He Attempted To Use To Extort A Financial Expert Out Of K1 million

Businessman Rajan Mahtani, widely known for his fraudulent activities, has lost a legal battle against Lusaka-based financial expert Simataa Simataa. This follows the decision by the Lusaka High Court to...

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FinTech: A Natural Fit for Africa

The following guest column was submitted on behalf of Dave van Niekerk of MyBucks: We’ve heard the sensationalism before – That the unbridled array of opportunities in Africa are either...

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