Business

Czech Republic donates $200,000 to Zambia for drought mitigation

By Mubukwanu Kaingu The government of Czech Republic has donated 200 thousand United States dollars to Zambia for drought mitigation, saying this demonstrates commitment towards supporting the country’s development agenda.…

Only K1.3 billion of the required K23.5 is available for recovery needs owing to droughts – Hichilema

By Staff Reporter President Hakainde Hichilema says 9.8 million people have been adversely affected by the drought, and of these 6.6 million are in urgent need of humanitarian assistance “On…

We expect deal with remaining creditors in months – Musokotwane tells Bloomberg

By Mubanga Mubanga Zambia has made good progress in concluding a marathon debt restructuring and is confident of soon striking agreements with its remaining creditors. “We expect the deal to…

Be responsible in managing public funds, urges Musokotwane

By Staff Reporter Finance minister Dr Situmbeko Musokotwane has cautioned public officials who are charged with the responsibility of managing public funds to exercise prudence and comply with relevant laws,…

Copper projected to reach $12,000 by 2026 – Bank of America

Copper is increasingly ‘dancing to its own tune’, with prices of the red metal forecast to reach about $12,000 per tonne by 2026, say Bank of America analysts. BofA analysts…

Investrust depositors to start accessing monies by April 26, 2024

By Agness Changala The Bank of Bank of Zambia (BoZ) has announced that the first round of payments for Investrust Bank PLC depositors will be made on April 26, 2024. And…

MLife partners with Vitality on insurance solution

By Staff Reporter MLife, has partnered with Vitality Health international and together, they have announced and launched their ground-breaking insurance solution. Vitality Health International’s health insurance offering is a unique…

OMCs have not formally complained to us about Agro-Fuels – ERB

By Agness Changala Energy Regulation Board (ERB) chairperson Raynolds Bowa says he does not know which Oil Marketing Companies Dr Kafula Mubanga is representing because none of them have gone…

Agro Fuels arm twisting govt to trade petroleum products in Dollars OMCs … attributes shortages to the same

By Agness Changala Oil Marketing Companies Association of Zambia (OMCAZ) president Dr Kafula Mubanga says the Energy Regulation Board (ERB) should instruct Agro Fuels to stop forcing association members to…

Govt appoints Noel Nkoma as new NRFA chairperson

By Mubanga Mubanga Government has appointed economist Noel Nkoma as National Road Fund Agency (NRFA) chairperson. Finance minister Dr Situmbeko Musokotwane announced the development in a statement released by Secretary…