Economy

Maamba to Borrow $550 for Zambian Core Plant

Maamba Collieries Ltd., the Nava Bharat Singapore Pte Ltd. unit building Zambia’s first coal- fired power plant in 50 years, hopes to complete $550 million in debt financing by August,...

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Zambia Needs a Credible Report on Unemployment

The unemployment rate is an economic indicator that refers to the number or proportion of people in an economy who are willing and able to work, but are unable to...

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BoZ Circulates Kr 3.2 Billion Rebased Currency

The Bank of Zambia has circulated about Kr 3.2 billion of the rebased currency as at March 31, 2013. Out of the Kr3.2 billion circulated, Kr 13.7 million are coins....

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PF Calls its Job Seeking Supporters Selfish

A Patriotic Front official has called its members seeking jobs in government after campaigning for the party to win the 2011 elections as selfish individuals. Chanda Mfula, the media and...

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Police Intercept 12 Tonnes of Smuggled Mealie Meal

Police in North Western Province have intercepted about 12, 500 kilograms of smuggled maize meal. Solwezi police confirmed that they intercepted a Fiso fighter truck with an Angolan plate number...

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Govt Begins Luangwa Road Works

President Michael Sata will leave for Luangwa district on Saturday where he is expected to officiate at the ground-breaking ceremony for commencement of construction of the 91 kilometre Luangwa Bridge-Feira...

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Despite Hunger, Police Destroy Smuggled Mealie Meal

Over 200 bags of 25 kilogrammes mealie meal that was seized by police in Chembe District have been disposed off following a court order. The canter truck registration ADC 2284...

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PF Gives in to High Mealie Meal Prices

President Michael Sata’s government has finally given in to high mealie meal prices after earlier attempts to control millers with a flat rate has backfired with countrywide shortages of the...

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Permanent Secretaries Are Ignorant On Finance Act – Yamba

The Secretary to the Treasury Fredson Yamba says Ministry Permanent Secretaries do not have the nessesary qualifications to adjudicate over matter that deal with the procurement process. Appearing before the...

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