Economy

Manufacturers Happy with Bank Rates

The Zambia Association of Manufactures (ZAM) is expecting to grow the sector after banks reduced their interest rates. ZAM president Chance Kabaghe said the reduction in bank interest rates will...

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Zambia to Explore Underground Railway System

Recently appointed Zambia Railways Limited (ZRL) Chief Executive Officer (CEO) Clive Chirwa yesterday unveiled designs to revamp the railway sector and turn it into a 21st-century railway system that is...

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Zambia Blocks Copper Exports to Boost Local Processing

Zambia’s Minister of Mines and Energy Yamfya Mukanga has stopped First Quantum Minerals Limited (FQM) from exporting the 60,000 tonnes of copper concentrates for processing. He said the mining firm...

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Apathy Towards Coins Worry Boz Chief

Bank of Zambia Governor Dr Michael Gondwe is worried that some Zambians are refusing to use the coins as a mode of transaction. Dr Gondwe has since urged commercial banks...

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PF Misapplies over K500 Billion

The PF government has misapplied over K532 billion in 2011, the latest Auditor General’s report states. According to the report scheduled to be released soon, the government abused the resources...

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Zambia Upgrades Military Equipment

The Zambia government has started replacing obsolete military equipment in all defence forces units with modern and advanced military equipment, according to the minister of Defence. Geoffrey Mwamba said the...

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Investrust Calls for China Co-operation

Investrust Bank managing director Friday Ndhlovu has called for stronger partnership with the Chinese business community in order to grow the Zambian economy. Ndhlovu was speaking when his bank hosted...

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BoZ Withdraws Another K2.4 Trillion Old Currency

The Bank of Zambia (BoZ) has withdrawn about K2.2 trillion old currency from circulation and replaced it with K2.4 billion rebased. Current Rebasing Project manager Moses Mulomba said on Friday...

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Airport Agency Gets KR 85Million

The National Airports Corporation (NAC) has been provided with equipment valued at KR 85 million to enhance safety and improve the quality of service to airlines and passengers. The equipment...

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ZIALE Explains Poor Lawyer’s Pass Rate

Zambia Institute of Advanced Legal Education (ZIALE) director Enock Mulembe says the poor pass rate at the institution is because of the poor quality of students from various law schools....

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