Economy

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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PF Promises to Create 1 Million Jobs

The Patriotic Front government says it will create over a million jobs by 2016. Finance minister Alexander Chikwanda said government was working towards creating one million new jobs in the...

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Steep Interest Rates Holding Back Investment

A Zambian investor who has invested in China and employed more than 5,000 Chinese workers but is refusing to invest back home because of high interest rates.  A recent disclosure from...

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Zambian Government Panics over Looming Fuel Shortages

Zambia has imported 100, 000 tonnes of petrol this week to mitigate scenes of shortages recorded in the last few weeks following the shutdown of Indeni Petroleum Refinery. But energy...

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DBZ Denies Canceling Debt of Post Newspaper

The Development Bank of Zambia (DBZ) says it has never received instructions from any quarters to write off the money which is subject of a case involving the bank versus JCN Holdings Limited, Post...

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