Economy

Government Deports Another Former Zamtel Executive

UPDATE: A statement was issued by Hans Paulsen denying the deportation, claiming he left Zambia 8 months ago. Zambian authorities have deported to Uganda the former Managing Director of Zamtel...

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Maize Agency Boss Fired as Scapegoat for PF’S Poor Farming Policies

David Matongo, the Food Reserve Agency executive director in Zambia, has been fired by the country’s president Michael Sata barely nine months in his job. Matongo, a former UPND member...

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Re-based Zambian Currency Coming January 1, 2013

The Bank of Zambia has set 1st January,2013 as the changeover date for the rebased currency. Bank of Zambia Head of Public Relations Kanguya Mayondi in a statement released to...

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Sata’s Firing of ZNBS Boss Signals Another Shake Up of Key Institutions

The Zambian National Building Society (ZNBS) finds itself on the brink of extinction following yesterday’s firing of Managing Director Noriana Muneku by order of President Michael Sata. The troubled institution,...

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Don’t Blame China for Zambia’s Mining Woes, Says Ambassador

Chinese Ambassador to Zambia Zhou Yuxiao says his country should not be blamed for the problems being faced by Zambia’s mining sector. Speaking as he officiated the 1st anniversary of the...

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Government Orders Closure of Mine Following Murder of Chinese Manager

The Zambian government has ordered the closure of operations at Collum Coal Mine until the meeting between State officials and the mine management team is held to iron out issues...

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Withdraw Minimum Wage SI – says Ex-Finance Minister

Former Finance Minister Situmbeko Musokotwane in the MMD has asked the ruling PF government to withdraw the Statutory Instrument on the revised minimum wage and engage in negotiations. The imposed...

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Wage Riots Spread to Lusaka, Chinese Fear for Safety

Pastor Nevers Mumba, the president of the opposition Movement for Multiparty Democracy (MMD), has warned that incidents of violence over the government’s imposed minimum wage will escalate if action is...

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Government to Revoke Mining Licenses from Non-performing Companies

Following earlier warnings that the state would play a larger role in the mining sector, today the ruling Patriotic Front government announced their intention to revoke mining licenses from non-performing...

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China’s Ambassador to Zambia Warns of Deteriorating Relations

Following the killing of a Chinese manager at the Maamba Collum coal mine during a labour riot this past weekend, Beijing’s Ambassador to Zambia Zhou Yuxiao has voiced his concern...

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