Business

Kwacha has continued to depreciate due to stalled tracking framework – Dodia

By Mubanga Mubanga Economist Yusuf Dodia says he is disappointed that the implementation of the Export Earnings Tracking Framework by the Bank of Zambia (BoZ), seems to have stalled. Speaking…

Investrust depositors to start accessing monies today – BoZ

By Agness Changala The Bank of Bank (BoZ) has announced that depositors of Investrust Bank Plc. (In Possession) will begin to access their money today. According to assistant director-communication Besnat…

TIZ urges against dismissing report on external debt

By Mubanga Mubanga Transparency International Zambia (TI-Z) has cautioned the public against politicising the Special Report on the External Public Debt for Zambia labelling it a witch-hunt as though it…

ERB Fines Taam Zambia for operating without licence

By Staff Reporter The Energy Regulation Board (ERB) has fined Taam Zambia Limited a sum of K60, 000 for operating without a license. And ERB reprimanded Vivo Energy Zambia, for…

Copper hits new 2-year high at $10,000 per ton

By Mubanga Mubanga Copper prices have now hit $10,000 a ton, a new high in two years, on assumptions that miners will struggle to service a surge in demand for…

SA company allegedly involved in gold scam receives jet from Zambia

An SA aviation company allegedly involved in a gold smuggling scheme has had its business jet returned after a Zambian court ruled that the seizure of the aircraft was unprocedural,…

Negotiations for new conditions of service commence at Mopani – Simujika … Union expects 3000 jobs to be created in Mufulira

By Isaac Zulu Negotiations for new conditions of service for workers at Mopani Copper Mines (MCM) have resumed. National Union for Miners and Allied Workers president Saul Simujika has confirmed…

Rio Tinto Group, Saudi-backed company among suitors considering bids in FQM – Mining.Com

Rio Tinto Group and Saudi Arabia’s state-backed Manara Minerals Investment Co. are among suitors considering bids for a stake in First Quantum Minerals Ltd.’s Zambian copper mines, according to people…

Currency appreciation, reduced fuel prices push electricity cost 13.7% down in Kenya

Kenya Power has recently announced a significant reduction of 13.7 percent in electricity costs, effective from this month onwards, which comes as a welcome relief for consumers across the country. …

We can’t manage to fight smuggling on our own – ZNS Commander … It’s good there is a law being worked on to jail smugglers for 5-years

By Agness Changala Zambia National Service commander Lieutenant General Maliti Solochi has urged Mwense Council chairperson Stephen Chikota to work with his office to curb mealie meal smuggling in his…