Economy

Dangote Selling Stolen Cement Below Value to Dodge Taxes – Source

A scheme has been uncovered in which the Indian managers at the Nigerian-owned Dangote Cement company are allegedly colluding with local distributors to steal cement and sell it below the...

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Zambezi Portland Cement Doesn’t Owe Dangote – Court Docs

A new legal dispute has come before the Lusaka courts as two of the top cement producers clash over a purchase deal. Dangote Industries Zambia Ltd., a newcomer to Zambia...

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Mahtani May Lose Radisson Blu

The disgraced former banker Rajan Mahtani may be in danger of losing his controlling interest in the Radisson Blu Hotel, according to sources close to the management. Mahtani first came...

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Post Newspapers Face Staggering Debts

One of Zambia’s largest private media firms may be on the brink of bankruptcy over unpaid taxes and a series of large debts. According to an investigation, the Post Newspapers...

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Zambia’s Inflation Nears 20% In November

ZAMBIA’S inflation is 0.5 percent less the 20% ceiling after dropped further to 19.5 percent in November from 14.3 percent recorded last month. The increase has been attributed to the...

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Scandal: Mahtani Accused of Bribing Judge to Escape Criminal Charges

The controversial businessman Rajan Mahtani has again escaped accountability before the law today, as a High Court judge ruled to dismiss two criminal charges of forgery against him on the...

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Copperbelt Braces for Job Losses

Copperbelt residents are bracing themselves for tough economic times in face of the current jobs cuts in the mines, which have seen scores of miners losing employment. There is increasing...

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UTH Cancer Patients Suffer from Broken Equipment

Anger and anxiety has continued to characterize scores of cancer patients at the University Teaching Hospital Cancer diseases Hospital because they are not receiving their cancer treatment. The radiotherapy treatment...

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Post Raid Not Political – ZRA

The Zambia Revenue Authority says claims that the warrant of distress on the Post Newspaper for non-payment of taxes was not politically motivated as the Newspaper Company is not the...

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ZRA Raids The Post for Over K15 Million in Unpaid Taxes

The Post Newspapers’ debt problems weighed even heavier this morning when taxmen pounced on the publication serving a K6, 954, 911.75 warrant of distress. Fred M’membe’s Post Newspapers has earned...

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