Economy

Zambian Government Official Condemns Chinese Killing over Minimum Wage

The Zambian Labour Minister Fackson Shamenda has issued a statement condemning the riot that resulted in the death of a Chinese supervisor over a dispute with employees on the revised...

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Minimum Wage Crisis: Chinese Miner Killed in Zambia

The recent controversially adjusted minimum wage in Zambia has continued to cause havoc with the latest incident claiming the life of a Chinese miner while another is battling for his...

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PF Maintains Low Cotton in Zambia

Zambia’s minister for agriculture Emmanuel Chenda says the PF government will not dictate the price of cotton because it runs a liberalised economy despite complaints that the commodity is selling...

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First Quantum Makes a Vote of Confidence in Zambia with $4b Investment

According to an announcement made today, the Canadian mining group First Quantum is planning to invest more than $4 billion in Zambia over the 2-3 years in a new mine...

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Chinese Mine Threatens to Close over License Dispute

The Chinese-owned mining company Sino-Metals Leach operating in Chambishi on the Copperbelt has threatened to close all its plants in Zambia, putting 400 jobs on the line following the refusal...

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Power Failures Will Take a Toll on the Economy

The trade and consumer NGO Consumer Unit Trust Society (CUTS) has observed that the increasing frequency of blackouts and brownouts will have adverse impact on the country’s economic performance. CUTS...

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Zambian Farmers Demand Improved Cotton Price

THE Zambia National Farmers Union (ZNFU) has urged Government to consider re-evaluating cotton prices for peasant farmers who make money from the produce only once a year. ZNFU president Jarvis...

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Why Zambia’s Banning of Dollar Transactions Won’t Help in the Long Run

Today in an article published on Seeking Alpha, the author argues that the Sata administration’s bold new policies to ban the use of U.S. dollars in domestic transactions while rebasing...

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New Minimum Wage Law May Drive Up Inflation

The Zambia Consumers Association (ZACA) says more companies are expected to increase prices of food and other goods and services to ease the costs associated to production following the increase...

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Zambia’s Copper Production Decreased in 2011

After reaching its highest levels since 1973 just two years ago, last year copper production in Zambia slightly decreased at the end of the year following the presidential elections. According...

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