Economy

UK Intelligence Unit Predicts Minor Unrests in Zambia

The Economic Intelligence Unit of the United Kingdom has predicted that Zambia may be marred by occasional social and labour unrest for the period running 2012 to 2016. The latest...

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Unions Argue Shamenda Passed Minimum Wage without Consultation

The Zambia Federation of Employers (ZFE) is shocked that Labour Minister Fackson Shamenda has gone ahead to announce minimum wages for domestic workers before consultation with stakeholders are concluded. The...

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Under Pressure PF Revise Minimum Wage

In the wake of growing dissent arising from frustrations by the majority of Patriotic Front supporters, government has revised the minimum wage for low-income earners in an attempt to revive...

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Times of Zambia Journalists Worried over Shamenda’s Bankruptcy Statement

Following an announcement by Zambia’s Minister of Information Fackson Shamenda that the Times Printpak, owner of the state newspaper Times of Zambia, was bankrupt and likely unable to continue operations,...

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Kwacha Expected to Make Gains on Dollar

Currency market analysts are predicting a strengthening of the Zambian kwacha against the U.S. dollar in the short term, indicating that the local currency is likely to trade below K5,100...

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Zambia Delays Rebasing of Currency

The Bank of Zambia says the planned re-basing of the kwacha which was expected to take effect this month has been postponed indefinitely because of unforeseen technicalities. The Central bank...

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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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