Economy

PF Plans to Increase Budget for Unemployment Programmes

The Patriotic Front government says it is keen to set up financing for youths entrepreneurship projects in the 2013 National Budget in a bid to create more jobs. Finance  Deputy...

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Government Unsteady as Cotton Farmers Revolt

Agriculture  Permanent Secretary David Shamulenge says government will penalize ginners who are buying cotton at a lower than agreed price, a move aimed at restoring patience among cotton famers who last...

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Zambia Kwacha Hits 7-week High as Forex Curbs Bite

JOHANNESBURG (Reuters) – Zambia’s kwacha rallied to its highest level in nearly two months on Monday, driven up by a new law limiting the use of dollars in Africa’s top...

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Cargill’s Cotton Burned by Zambian Farmers

Time is running out for President Sata to intervene in the impasse between cotton farmers and ginners over cotton prices. Farmers in Petauke District in Ukwimi area in Chief Sandwe...

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President Sata Bargains with Cotton Farmers Demanding Higher Prices

President Michael Sata has pleaded with cotton farmers in Zambia not to burn their crop because ginners have refused to buy the commodity at what they are demanding as market...

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DEC to Arrest Lawyer over Shoprite Checkers Share Sale

The Drug Enforcement Commission (DEC) plans to arrest Lusaka lawyer Lewis Mosho regarding the controversial sale of Shoprite Checkers shares in Zambia. Lewis Mosho is a senior partner in Lewis...

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Zambian Govt Considers Tax Reforms

The Zambian secretary to the treasury Fredson Yamba has announced a process of reform to the tax regime in Zambia. Yamba said yesterday that one of the important components for...

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Zambia’s Inflation on The Rise

Zambia’s annual inflation rate for June has shot up to 6.7 per cent from 6.6 per cent last month, the Central Statistical Office has announced, attributing the rise to an...

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Zambia Hope to End Erratic Fuel Supply with 48 Million Litres

Zambia’s energy minister hopes to end the erratic supply of fuel that has recently hit the country with the acquisition of about 48 million litres of the commodity. According to...

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Zambia’s Oil Procurement Saga Goes to Court

Zambia’s oil procurement saga is taking a new twist with one of the bidding companies Kenoil Kobil dragging the PF government to court. Minister of Energy Christopher Yaluma has hinted...

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