Economy

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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Hichilema Worried over Zambia’s Economic Outlook

The United Party for National Development (UPND) leader Hakainde Hichilema has charged that the patriotic front has no proper plan of managing the economy. Mr. Hichilema says that the country’s...

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Transparency in Zambia’s mining sector improves

Mining has for many years single handedly driven the Zambian economy with copper being the protagonist among the several metals in the country. Up until 2008, there has been no...

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BoZ warns of increased fraud in the banking sector

BANK of Zambia has warned of illegal schemes in which unsuspecting participants are being swindled out of huge investments. According to Bank of Zambia (BoZ), some individuals have been approaching...

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Economist: Banning raw copper exports unrealistic

Local Economist Oliver Saasa says it will be unrealistic for government to ban the exportation of raw copper as it accounted for a major stake of the country’s export revenue....

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Forbes rates Zambia among best investment destinations

A world leading financial and information Magazine – Forbes has rated Zambia as one of the most attractive investment destinations in the world. In this month’s edition, Forbes Africa says...

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ZDA Introduces Electronic Registration for Businesses

Red tape and bureaucracy are often cited as the main roadblocks to foreign investment, and now the government is making an attempt to address the issue. The Zambia Development Agency...

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