Economy

IDC Impressed With Performance of Subsidiaries

Chairperson of the Finance and Administration Committee of the Industrial Development Corporation (IDC) Board of Directors David Kombe is happy to note that most subsidiaries under the IDC portfolio are...

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Dairy Association Gets US $2Million from Swedish govt.

The Swedish government has given the Dairy Association of Zambia (DAZ) US $2Million for the implementation of the Digital Information Management System (DIMS). The funds are meant to help the...

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Black Mountain Blast Victims May be Compensated

Kitwe District Commissioner Binwell Mpundu has handed to Chapamo Mineral Processing a report by a committee tasked to ascertain the extent of damages to houses in Nkana West after blasts...

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Rare Emeralds Discovered at Lufwanyama Mine

Kagem Mining has discovered an exceptionally rare high quality 5,655 carat (1.13kg) emerald crystal at its mine in Lufwanyama. The emerald – dubbed ‘Inkalamu’, the Lion Emerald – shows remarkable...

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IDC Approves $850 Million Investment in Rail Infrastructure

The Industrial Development Corporation (IDC) Board has approved an investment of $850 million into rail infrastructure and rolling stock for Zambia Railways Limited (ZRL). IDC Group Chief Executive Officer Mateyo...

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4th Mobile Network to Commence Operations in 6 Months

Zambia’s fourth mobile service provider UZI begin its operations in the next six months after paying for their license, Minister of Transport and Communications Brian Mushimba has disclosed. Mushimba said...

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Chitotela Warns Residents Building Structures Along the Roads

Housing and Infrastructure Development Minister Ronald Chitotela is concerned with the tendency by some residents of Kitwe building structures along the roads that are earmarked for rehabilitation. And Chitotela has...

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Mushimba Commissions $6 Million Chambishi Siding Railway

Minister of Transport and Communications Brian Mushimba has commissioned the Six million dollar siding railway line connecting to the main Zambia Railways Limited Railway Line from Chambishi Copper Smelter in...

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Wina Backs Youths for Black Mountain Mining

Republican Vice President Inonge Wina has directed Mines Minister Richard Musukwa to ensure that influential businessmen and copper dealers on the Copperbelt do not hijack operations at the infamous slag...

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China Searches for Opportunities in Eastern Province

Chinese Ambassador to Zambia Li Jie has taken a tour of Eastern Province hunting for development opportunities. Ambassador Jie said China has a good relationship with the Zambian government and...

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