Economy

No Mealie Meal Prices Reduction – Millers

Government and millers have continued their shadow boxing contest with the latter saying they will not reduce mealie meal prices until they are supplied with cheaper maize. Government had thrown...

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Niza Phiri: Pres. Lungu’s Threats to Millers Unfounded

Miller’s are purchasing maize at 1.8 kwacha per kg from local farmers, translating to k45 per bag. The government is however proposing a selling price of k45, the price it...

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Banker No More: Mahtani Sells Finance Bank for 16 Times Less than Claimed Valuation

After almost 30 years of business, the embattled banker Rajan Mahtani is exiting the industry after reaching a deal to sell Finance Bank of Zambia Ltd to Atlas Mara at...

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Finance Bank to Sell at Steep Risk Discount

Finance Bank of Zambia Ltd (FBZL) is reportedly in negotiations with Atlas Mara to sell the bank at a heavy discount. According to a new report by the London Evening...

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Mahtani Now Aims to Take Over NCZ

The accused criminal Rajan Mahtani is aiming to take over control of Nitrogen Chemicals of Zambia (NCZ) after extending a 10 million kwacha loan to the company through Finance Bank,...

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Daytripping Zambians Have No Conscience – Chikwanda

PEOPLE who have an insatiable propensity for travelling go on foreign trips even for a day because they have no conscience over the serious poverty levels in the country, says...

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Chikwanda to Retire From Politics in 2016; No Exchange Control Coming for Ailing Kwacha

Finance Minister Alexander Chikwanda says government will not be forced to introduce exchange control policies despite the kwacha crumbling under pressure. And Chikwanda said the tumbling of the kwacha has...

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Citizen’s View: Zambia Enduring Worst Crisis

There’s no denying the fact that Zambia is currently facing the worst ever crisis. I’m sure we are all feeling the effects, individually and severally. • Power cuts last as...

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UTH Director Under Investigation

Investigative wings are probing University Teaching Hospital (UTH) Managing Director Luckson Kasoka for allegations of graft and abuse of authority of office. Sources have revealed that Dr Kasonka has massed...

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Zambia Not Among Africa’s 19 Poorest Countries

Out of the 23 poorest countries in the world, 19 are located in Africa, according to an analysis by the Global Finance Magazine. Zambia is not among the 23 poorest...

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