Economy

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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Zambia Inks $2.5b Oil Deal with Angola

The Zambia Development Agency (ZDA) and an international corporation of Angola on Friday signed a US$2.5 billion memorandum of understanding (MoU) which will see the construction of a petroleum pipeline...

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Government Lost K2 Trillion in Corrupt Oil Deals

According to a Commission of Inquiry headed by Patriotic Front General Secretary Wynter Kabimba, the previous government lost approximately 2 trillion Kwacha (about US$400 million) through corrupt oil supply deals....

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Magande tips government on falling economy

Former Finance Minister Ng’andu Magande has advised the Zambian government to instill confidence on the challenges facing the economy. Mr. Magande says there is need for the Zambian government to...

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CEC Shareholders in $12.2m Dividend

The Copperbelt Energy Corporation (CEC) declared dividend of over US$12.2 million to shareholders as at October, 2011.  The firm has also posted a double increase in profit before interest and...

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