Business

KWACHA HAS DEPRECIATED BY OVER 20% SINCE OCTOBER 2022

The local currency is now depreciating in ‘auto pilot’ fashion against the United States Dollar and other major convertible currencies. The Kwacha has shown no signs of improvement since it…

MOPANI MUST BE STATE RUN, URGES SINKAMBA

By Isaac Zulu Green Party leader Peter Sinkamba has opposed plans to put Mopani Copper Mines in the hands of private investors. In an interview, Sinkamba said that the last…

INCREASED MONITARY RATE WILL MAKE BORROWING MORE EXPENSIVE FOR ZAMBIANS – DODIA

By Isaac Zulu Private Sector Development Association chairperson Yusuf Dodia has the increase in repo rates by the Bank of Zambia will result in increased lending rates by commercial banks…

KWACHA NOW SPEEDING TOWARDS K20 PSYCHOLOGICAL BARRIER AGAINST US$1

By Merlyn Mwanza The Zambian Kwacha is racing speedily towards breaking the K20 psychological barrier to the United States Dollar, as well as showing weaknesses against other major convertible currencies.…

4 POLICE OFFICERS ARRESTED FOR STEALING PRECIOUS MINERALS

By Isaac Zulu Four Police Officers have been arrested in Kabwe for allegedly stealing precious minerals that they disguised as manganese when they were escorting the truck carrying the minerals.…

ZAMBIA REJECTS CHINA’S CALL FOR WORLD BANK TO JOIN DEBT RESTRUCTURING

Zambia’s finance minister has rejected a call by China for the World Bank and other multilateral lenders to join a restructuring of the country’s debt and warned that delays to…

ALLOW KCM, OTHERS BID FOR MINE OWNERSHIP – DODIA

By Isaac Zulu Private Sector Development Association chairperson Yusuf Dodia has urged government not to place a premium on would be investors in Mopani Copper Mines. In an interview, Dodia…

KAPIRI MPOSHI PLUNGED INTO DARKNESS

By Isaac Zulu Kapiri Mposhi has in the last three days been plunged into crippling ZESCO power outages lasting between 18-24 hours, leading to most business entities failing to operate.…

SOME SERVICE STATIONS ARE LOW ON FUEL, SAYS KAPALA

Energy minister Peter Kapala says there is a shortage of fuel is some several stations Asked by Daily Revelation on what is happening as there is no petrol in most…

NO POINT COMING HERE TO TALK ABOUT CHINA, MAGANDE TELLS AMERICANS … plead with China on our behalf instead

By Patson Chilemba Former Finance minister Ng’andu Magande says the Americans should be seen to be helping Zambia by talking directly to the Chinese on the country’s debt crisis, rather…