Economy

New Kwacha Notes Hit the Market

For the first time in two decades, Zambia will have a new currency. Three zeros have been knocked off the currency to give it some semblance of value but in...

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Central Bank Shifts Minimum Capital Deadline

The Bank of Zambia (BoZ) has extended the deadline for meeting the minimum capital requirement for commercial banks to December 2013. BoZ head of public relations department Kanguya Mayondi said...

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Government Borrows K65.5 billion from China

The PF government has signed a K65.5 billion loan with the government of China meant to fight poverty. Speaking when he signed the deal today, Finance minister Alexander Chikwanda said...

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Price Controls Are Not the Answer for Mealie Meal Crisis

Sata doesn't seem to understand how the market works...

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Mopani Gives Zambian Miners Pay Rise

Glencore International PLC (GLEN.LN) unit Zambian copper-and-cobalt producer Mopani Copper Mines’ workers will get a 10% pay rise next year. The deal, effective January 2013, ends months of negotiations, union...

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Picture: Mealie Meal Prices Remain High

Zambians yesterday celebrated Christmas Day with a lot of worries as mealie meal prices remain high on most shelves of retail outlets. The situation may not be any better when...

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Soaring Food Prices Irk President Sata

Sata says the soaring mealie-meal prices in the country is unjustified and unacceptable...

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Zambia Reopens Oil Refinery

Indeni Petroleum Refinery in Ndola will today resume operations after it temporally shut down last week to facilitate the shipment of the first consignment of 90 0000 tonnes of fuel...

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Zambia’s FDI falters in 2012

Zambia has recorded a drop in Foreign Direct Investment under the PF government in 2012. According to a preliminary report on a 2012 survey on Foreign Private Sector Investment and...

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Investrust Bank cashier swindled K40 million in magic experiment

In an attempt to offer herself a cash gift during the festive season, a cashier from Investrust Bank in Livingstone has been swindled out of K40 million cash by two...

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