Economy

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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Zanaco declares K9.2m dividend to IDC

Zanaco Plc has declared a K9.2 million dividend to its shareholder, the Industrial Development Corporation (IDC) for the financial year ended December 31, 2018. Speaking before presenting the dividend cheque,...

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Indo-Zambia Bank Declares K24m Dividend to IDC

Indo-Zambia Bank has declared K24 million dividend to its shareholder, the Industrial Development Corporation, for the financial year ended December 31, 2018. Speaking during a media briefing before the cheque...

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Kwacha Gains After 2-day Loss

The kwacha has picked up some gains the past two days after a massive fall in Friday’s trading. The local currency traded at K12.60 per dollar at the close of...

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Kafubu Water Cancels K2.9m Debts

Kafubu Water and Sewerage Company (KWSC) has written off K2.9 million outstanding debts for 897 households in Upper Ndeke Township in Ndola. The water bills had accumulated between 2004 and...

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Munali Nickel Mine Re-Opens Today

President Edgar Lungu will today flag off the exportation of nickel ore from the Munali Nickel Mine in Mazabuka District. Munali Nickel Mine has been off operations for the last...

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Kwacha Update: Local Currency at K12.60 per Dollar

The weakest rate reached at close of trading on Friday was K12.60 against the dollar, with sentiments continuing to look gloomy for the local currency. With this, most corporates have...

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