Business

BoZ discussing restrictions on foreign currency usage – Musokotwane

By Chinoyi Chipulu ZMinister of Finance and National Planning Dr Situmbeko Musokoswane says the Bank of Zambia (BoZ) is holding discussions with stakeholders on the restriction of the use of…

Increase gold reserves to achieve economic stability – Economists

By Jane Chanda Economist Emmanuel Zulu has urged the government to increase its gold reserves and back the Kwacha with the precious metal to achieve economic stability and combat inflation.…

Power rationing greatly hampering poultry production – PAZ

By Jane Chanda The Poultry Association of Zambia (PAZ) says the industry is grappling with numerous challenges among them, power rationing, high input costs, and scarce raw materials, which are…

Reduced Dollar demand, govt intervention leading to Kwacha appreciation – Economist

By Jane Chanda Economist Kelvin Chisanga says the recent appreciation of the Kwacha against the US Dollar is a result of a combination of factors. Chisanga cited a decrease in…

Govt spent K13.8 billion on servicing local, international debt in June, 2024

By Mubanga Mubanga The government spent K13.8 billion towards serving local and international debt in the month of June, 2024 According to statement released by the Ministry of Finance yesterday,…

Hiked prices for stands at Trade Fair kept local participants away – Vendors association

By Chinoyi Chipulu Association of Vendors, Traders and Marketeers of Zambia National President Fredrick Tembo has bemoaned the low participation by locals at this year’s International Trade Fair due to…

Govt to build 28 new dams, rehabilitate 770 to facilitate ground water

By Chinoyi Chipulu Minister of Water Development and Sanitation Collins Nzovu says the government will construct 28 new dams and rehabilitate 770 of them in a bid to facilitate ground…

We have made loses at Trade Fair, International, local exhibitors complain

By Chinoyi Chipulu International and local exhibitors trading at this year’s Zambia International Trade Fair (ZITF) have expressed disappointment with the slow business experienced during the event. The Fair attracted a number…

Indeni Energy is now supplying feedstock to over 50 OMCs – Mauta

By Chinoyi Chipulu Indeni Energy Company Limited chief executive officer Evans Mauta says the company is supplying low sulphur diesel to more than 50 Oil Marketing Companies (OMCs) and individual…

World Bank approves $207.6 million grant for drought response

By Jane Chanda The World Bank has approved a $207.6 million grant to support Zambia’s efforts to mitigate the impact of the ongoing drought. The grant, which is the second…