Economy

Zambia Bans Maize and Wheat Exports

The government has banned the export of maize and wheat bran in a move aimed at protecting the local livestock sector. Announcing the ban today, agriculture minister Emmanuel Chenda stated...

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Mass Resignations at Zambia National Building Society

In a sign of ongoing economic management difficulties being faced by the new government of Zambia, all four directors at the Zambia National Building Society (ZNBS) have resigned from their...

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Zambia Inks $355m Millennium Challenge Goal

Zambia today signed a US$355 million (about K1.8 trillion) compact with the Millennium Challenge Corporation (MCC) for the improvement of water, sanitation and drainage systems in Lusaka. Finance Minister Alexander...

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Saudi Arabia to Loan $12 Billion to Zambia

The Zambian Government has signed a 12 million United States dollars loan agreement equivalent to K62.4 billion with the Saudi Fund for Development of the Kingdom of Saudi Arabia for the Kalabo-Sikongo-Angola border road project....

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Sata in Zimbabwe for International Trade Fair

President Michael Sata is expected in Zimbabwe this week for a State visit during which he will officially open the Zimbabwe International Trade Fair, which begins in Bulawayo today. Zimbabwean...

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Zambia Inks $354.8m Deal with Millennium Challenge Corporation

THE government is expected to sign a US$354.8 million five-year Compact with the Millennium Challenge Corporation (MCC), the largest investment in Zambia’s water sector since independence. First secretary for press...

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Tourism Sector Worried by Livingstone Violence

The Zambia Tourism Board says urgent security measures need to be put in place for Livingstone to maintain its status as one of the most peaceful tourist destinations in the...

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Finance Delegation In America For IMF/World Bank

Minister of Finance and National Planning, Mr. Alexander B Chikwanda arrived in Washington DC as head of a Zambian delegation to the 2012 IMF/World Bank Spring Meetings. Also attending the...

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Zambian Government Owes Toyota $8 Million

Transport minister Yamfwa Mukanga has acknowledged that the Zambian government owes Japan car manufacturer Toyota K40 billion (US$8 million) in unpaid arrears. However the minister has dismissed reports that the...

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Kabimba Lashes Out at the Business Sector

During the presidential campaign last year, the Patriotic Front sent a chill down the spine of the business community, promising to take revenge against “foreign infestors.” Then, it seemed for...

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