Economy

Kavindele Says Zambia Losing Jobs to Chinese Workers

Following a business summit held today between Vice President Guy Scott and a representative of China’s Communist Party’s foreign development office, the opposition has come forward to criticize the Patriotic...

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Zambia Aims to Boost Chinese Investment

Speaking today during a business summit in Lusaka with the Visiting Chinese Minister for International Development, Vice President Guy Scott said that Zambia is looking for help from developed countries to...

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Zambia May Lose $2.2 Million to Trafigura

Zambia may start losing US$2.2 million per year by awarding Trafigura the tender to supply finished petroleum feedstock to the country for the next two years, according to sources familiar...

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Barclays and Deutsche Bank to Handle Zambia’s $500m Eurobond

On Thursday, Reuters reported that Zambia has selected Barclays and Deutsche Bank as book runners for a debut $500 million Eurobond, according to government sources. The long-awaited issue is expected...

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Economist Intelligence Unit Gloomy over Zambia’s Stability

The latest Economist Intelligence Unit (EIU) outlook has predicted that relations between Zambia and the European Union (EU) may sour following accusations by President Michael Sata that EU diplomats have interfered in...

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Reforming Zambia’s Agricultural Sector

International Monetary Fund African department deputy director, Sean Nolan says Zambia needs reforms to lay the basis for pro-poor agricultural sector development to address the skill mismatch and to facilitate...

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IMF: Zambia Should Focus on Rural Economic Development

The International Monetary Fund (IMF) says the benefits of Zambia’s economic growth should be directed to rural areas where the levels of poverty are alarmingly high. Zambia’s poverty levels stand...

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Zambian Police Arrest K1 Billion MTN Lotto Fraudster

Police in Lusaka and the Drug Enforcement Commission have formally charged and arrested the purported winner of K1 billion, MTN Summer Campaign WIN BEEG Promotion and the MTN Call Centre...

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Auditor General Reports Huge Waste at Zambia’s State-Owned Companies

The Auditor General Anna Chifungula has released a second 2010 Report on parastatals highlighting glaring irregularities and abuse of funds amounting to over K1 trillion. Some of the parastatals mentioned...

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Sata U-Turns on Expropriation of Zanaco

President Michael Sata’s special assistant for economics and development affairs, Paul Siame has clarified that government has no intentions of nationalizing the Zambia National Comercial Bank (Zanaco). “Don’t be mislead...

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