Business

Electricity open access policy a security risk to Zambia – Dodia

By Jane Chanda  Private Sector Development Association (PSDA) chairman Yusuf Dodia says Zambia’s Electricity Open Access policy poses a significant security risk to the country. Last week, minister of Energy…

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Zambia’s economic woes run deeper than introducing new currency – Pricewaterhouse

  By Jane Chanda  Pricewaterhouse Coopers International Limited (PwC) country senior partner Andrew Chibuye says Zambia’s economic woes run deeper than introducing a new currency, requiring a comprehensive approach to…

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Miners’ union gives Emoluments Commission’s 7-day ultimatum to begin wage negotiations 

By Chinoyi Chipulu  United Mine Union of Zambia (UMUZ) president Wisdom Ngwira says he is unhappy with the Emoluments Commission’s performance regarding workers’ salaries and has since issued a seven-day…

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New K500, K200 banknotes will accelerate Kwacha depreciation – Sichinga

By Jane Chanda  Former commerce minister Robert Sichinga says President Hakainde Hichilema’s administration is introducing new K500 and K200 banknotes because of the Kwacha’s devaluation, a development he said will…

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Zambia’s tourist arrivals surged by 53% to over 2m -Sikumba

 By Jane Chanda  The Ministry of Tourism says Zambia saw a record-breaking 53.3 percent surge in international arrivals last year, reaching over 2,100,000 visitors. Speaking at a media briefing in…

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K100 value eroded – BoZ Governor

By Mubanga Mubanga Bank of Zambia (BoZ) Governor Dr Denny Kalyalya says the bank will not allow anyone to scam it when they go to exchange old notes with new ones.…

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USA interested in deals signed with Zambia, African countries – Trump Administration

By Jane Chanda  United States of America (USA) acting deputy assistant Secretary of State Scott Woodard, has revealed that US President Donald Trump’s administration is interested in developing Africa’s mining…

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BoZ introduces K500, K200 bank notes … relegates K5 to coins

By Jane Chanda  The Bank of Zambia (BOZ) has introduced a new family of banknotes and coins, set to be launched on March 31, 2025.  And BOZ has apologised for…

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Masebo must answer for K26m liability demand from drug shippers – MOHZ

By Chinoyi  Chipulu  Medical for Quality Healthcare in Zambia (MQHZ) director general Dr Quincy Mwabu has demanded that the  government provides clarity on the issue surrounding the K26 million liability…

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37% of power supplied to CB mines came through imports – CEC

By Jane Chanda  Copperbelt Energy Corporation (CEC) chief executive officer Mutale Mukuka says the company has supplied 37 percent of its Copperbelt mining companies through power imports. In a statement…

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