Business

Vedanta’s debts amount to $12 billion – Agarwal

By Isaac Zulu Vedanta Group chairman Anil Agarwal says the company has debts amounting to $12 billion. According to Business Standard and other media in India, Agarwal’s Vedanta, which owns…

Improve economy for us to maintain bus fares, association urges govt

By Agness Changala Buses and Taxi Owners Association of Zambia (BTOAZ) has urged the government to adjust the fuel pricing review to three or six months to ensure stability where…

Equipment to set up plant for car battery manufacture has arrived – Chipoka

By Mubanga Mubanga Commerce minister Chipoka Mulenga has disclosed that the equipment to set up a plant to manufacture car batteries in Zambia has arrived. Speaking during the launch of…

Chiefs pay gratitude to Lubusha for the 5000 bags relief mealie-meal

By Daily Revelation Correspondent Traditional leaders in Chipangali constituency have expressed gratitude for receiving 5000 bags of relief food from area member of parliament Andrew Lubusha. Speaking when they received…

KCM operations to be returned to Vedanta when creditors approve debt-repayment deal – Bloomberg

By Staff Reporter The operations of KCM will be returned to Vedanta if Konkola Copper Mines (KCM) creditors approve the debt-repayment deal next month. In the story on Mining.com quoting…

AG’s report reveals weaknesses in management of external public debt

By Agness Changala The Auditor General’s office says a Special Report on External Public Debt for the period January 2006 to December 31, 2022, found weaknesses in the management of…

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…