Economy

Kwacha ‘Bleeds’ Against Dollar, Pound

The kwacha has further depreciated against the US dollar and British pound, now running towards the K14 mark and beyond K17 respectively. Commercial banks are quoting the US dollar at...

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Mopani Mine to lay off 600 workers

Over 600 Mopani Copper Mines employees will be laid off next month following the announcement by the mining company to cease operations at Mindola North Shaft and Central Shaft. Mopani...

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Stale Mackerel Fish Seized in Chililabombwe

The Chililabombwe Municipal Council have seized over 2,000 boxes of stale mackerel fish worth K349, 950 from Onime Logistics, a transporting company from Namibia. This follows an inspection on the...

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300 Contract Workers Lose Jobs at KCM

Over 300 contract employees at Konkola Copper Mines (KCM) have lost their jobs following the expiration of contracts for three companies they worked for. KCM Corporate Affairs Director Eugene Chungu...

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EIU Forecasts Weak Kwacha in Absence of IMF Bailout

The Economist intelligence Unit (EIU) has forecast that the kwacha will remain under intense pressure in 2019 following the absence of an International Monetary Fund programme to provide assurance. According...

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ZRA Educates Samfya SMEs on Tax Payments

The Zambia Revenue Authority (ZRA) is sensitizing small medium enterprises (SMEs) on the importance of obtaining the Tax Payer Identification Number (TPIN). ZRA officer Kennedy Njobvu has said the authority...

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BoZ Governor Says Financial Sector a Key Target by Criminals

Bank of Zambia governor Dr Denny Kalyalya has revealed that the financial services sector is a key target by criminals owing to the large amount of funds it deals with....

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ZNFU Thanks Lungu for Halting Power Tariff Hike

The Zambia National Farmers Union (ZNFU) has welcomed President Edgar Lungu’s decision to suspend the proposed Zesco power tariff increase. Zesco had made an application to the Energy Regulation Board...

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Mwanakatwe Calls for Review of Domestic Revenue Mobilisation Strategies

Finance minister Margaret Mwanakatwe has called for a constant review of the country’s domestic revenue mobilization strategies to sustain Zambia’s development agenda and reduce poverty. Speaking during a Sales Tax...

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Govt to Roll Out Aquaculture Project in 10 Provinces

Government, through the Ministry of Fisheries and Livestock, with support from the African Development Fund, is set to roll out the Zambia Aquaculture Enterprise Development Project (ZAEDP) in the 10...

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