Economy

More Promises: 4th Mobile before Dec 2013

After making numerous promises that are yet to be fulfilled before coming into power, the Patriotic Front is determined to continue on the same path. This time, transport minister Christopher...

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Agency Predicts Price Rise after Rebasing

The Consumer Unit Trust Society International (CUTS) Zambia says a price rise in commodities is expected following the rebasing of the kwacha. CUTS programme officer Tommy Singongi says this is...

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Mealie Meal Prices Still High

Mealie Meal prices on the Copperbelt is still high despite President Michael Sata’s directive to millers to sell the commodity at less than KR50 (K50, 000). The commodity is still...

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BoZ Chief Concedes Inadequacies on Rebased Currency

Bank of Zambia (BoZ) governor Michael Gondwe has admitted inadequacies in the sensitisation process for people in rural areas on the rebasing of the kwacha. Dr Gondwe said though the...

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Veep Scott Rebukes Energy Agency

Vice-President Dr Guy Scott has rebuked the Energy Regulations Board (ERB) for constructing an office complex at K50 billion. Dr Scott when he conducted the tour of the building that...

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Kwacha Loses Value as Rebased Currency Introduced

The Kwacha slipped significantly by mid-morning, trading at KR5.33 (K5, 330) against the greenback after Tuesday’s close of KR5.156 (K5156) by Lusaka based bureaux. On the central bank, little changed...

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World Bank Happy with Zambia’s Economy Growth

The World Bank is impressed with Zambia’s economic performance and growth rate which revolves around 5.5 percent annually. World Bank Country Director Kundhavi Kadiresan says the global bank is now...

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UTH Claims 2012 was a Success

Zambia’s biggest referral heath institution, the University Teaching Hospital, has shockingly said 2012 was a successful year despite for the first time in history suffering a water crisis that forced...

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Police Worried about New Currency Fraud

Inspector General of Police Stella Libongani has pledged more commitment towards combating fraud-related crimes as commercial banks begin disbursing the new rebased kwacha notes today. According to a statement released...

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