BoZ sets timeline for phasing out cheques
By Jane Chanda The Bank of Zambia has set a timeline for phasing out cheque usage, marking a significant shift towards digital and electronic payment methods.In statement yesterday, the bank announced…
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15% export tax removed to help address Kwacha instability – Musokotwane
By Jane Chanda Finance and National Planning minister Dr Situmbeko Musokotwane says not all taxes have been suspended on precious minerals, as a six percent mineral royalty tax is still being…
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Govt’s decision to suspend duty on precious stones opposed
By Jane Chanda Action Institute for Policy Analysis Centre (AIPAC) executive director Solomon Ngoma, has opposed the Ministry of Finance’s decision to suspend export duty on precious stones and metals, citing…
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Kabuswe anticipates increased investment after geological bill enactment
By Jane Chanda Mines minister Paul Kabuswe says the private sector should prepare for investments once the geological bill is enacted, as it will enhance economic activities in the sector.Speaking at…
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CSPR casts doubt over targeted inflation of 6-8% owing to rise in Monetary Policy
By Jane Chanda The Civil Society for Poverty Reduction (CSPR) is concerned that the government’s ambitious target of maintaining inflation within the 6-8 percent band may not be achievable, given the…
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Chikote aims to raise electricity access from 53% to 100% by 2030
By Jane Chanda Energy minister Makozo Chikote says Zambia has taken a transformative step towards energy self-sufficiency, electricity security and economic growth with the signing of Power Purchase Agreements (PPA) under…
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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 Makozo Chikote…
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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 tackling inflation.Speaking…
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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 ultimatum…
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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 only…
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