Economy

Brace for economic challenges, Finance Minister tells Zambians

Finance Minister Alexander Chikwanda has urged Zambians to brace for any economic challenges. Chikwanda says the current economic slump faced by the Euro zone has the potential to spread to...

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Energy Crisis Threaten to Paralyze Zambia

Zambia has been hit by an energy crisis that is threatening economic activities, about two months after the southern African state donated five million litres of fuel to its eastern...

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Zambia Backpedals on Trafigura Deal

The Zambian Ministry of Energy has backpedaled on its decision to award a multi-billion kwacha oil supply tender to Trafigura. This comes a few days after the Zambia Public Procurement...

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Sata Demands Reports from Mining Companies

The Patriotic Front administration of President Michael Sata has introduced regulations to compel mining companies to provide information on tonnage, type and grade of ore mined, including operating cost sheet...

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Zambia to Print Ballot Papers in United Kingdom

The Zambian government has contracted a United Kingdom company to print ballot papers for the July by-elections, arguing that government printers are not ready to do the job yet. Smith...

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Germany Lends Zambia K550 Billion

Zambia and Germany have signed a K550 billion finance and technical cooperation agreement. Of the k550 billion, k221 billion will go towards poverty reduction budget support with particular emphasis on...

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Ruling Party Dodges Blame over Fuel Shortages

Minister of Mines, Energy and Water Development Christopher Yaluma says Government has devised interim measures to sustain fuel supply and end the petrol shortage experienced in some parts of the country, over...

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More Fuel Shortages Hit Zambia

Permanent Secretary of Energy George Zulu says the current fuel shortages which have hit consumers are expected to improve this week. A number of service stations in Lusaka have run...

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Sweden Urges Balanced Mining Taxation

Swedish finance minister Anders Borg has urged the Zambian government to balance the collection of tax revenues from the mining sector without stifling the industry which is the country’s economic...

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Zambia’s Oil Procurement Companies Under Investigation

Under pressure from critics, the Patriotic Front government has agreed to put the recently awarded contracts to Trafigura and Gunvor for the supply of oil to Zambia under review by...

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