Economy

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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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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