Economy

Sata Says Japan Trip Has Produced Positive Results

Coming to the end of a five-day visit to Japan, Zambian President Michael Sata has described his meetings successful and yielding positive results. According to ZANIS the President was speaking...

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Analysis of Zambia 2013 Budget: Revenue and Expenditure

Minister of Finance Alexander Chikwanda today announced a K32.2 trillion 2013 national budget, about K5 trillion higher than this year’s expenditure. The new budget has triggered anxiety among stake holders...

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Foreign Investors Worried by State Intervention in Zambia

While Zambian President Michael Sata is visiting Japan this week courting foreign investment, a number of analysts are pointing out growing concerns among the business community in response to the...

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Zambians Anxiously Await PF’s 2013 National Budget Today

As Minister of Finance Alexander Chikwanda struts up the National Assembly stairs this afternoon to present the 2013 budget, not only interest groups will watch television with bated breath, ordinary...

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Brazilian Firm Opens Copper Production in Zambia

Brazil’s Vale SA (VALE5.SA) said it has begun producing copper concentrate at its Lubambe mine in Zambia. Production at the mine, which began on October 4, is expected to lead...

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Sata’s Seizure of RDA Will Cause Problems – Mulongoti

Former Works and Supply Minister Mike Mulongoti has advised President Michael Sata not to be too selfish by wanting to run all government parastatals at State House. Featured on Face...

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President Sata Visits Japan Seeking Foreign Investment

President Michael Sata has expressed worry at the lack of interest by Japanese companies to invest in Zambia despite the cordial relationships existing between the two countries. According to a...

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Zambia’s Ministry of Health Receives $100m Grant; Promises Accountability

Health Minister Dr Joseph Kasonde today received a K500 billion (about US$100 million) Global Fund single stream financing with a renewed pledge to total accountability. Speaking at the signing ceremony...

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PF Promises ‘Flawless’ Implementation of 2013 Budget

Government spokesperson Kennedy Sakeni says that the Patriotic Front will deliver on expectations of the 2013 budget that will be released this Friday. Speaking in Lusaka today, Sakeni said the...

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Zambia’s Free-Falling Currency Slumps to Near all Time Low

Zambia’s currency, the kwacha, has slumped to a near all time low dropping to its lowest in more than three months against the dollar. The currency of Africa’s biggest copper...

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