Business

Zambia on track to reach 1000 megawatts from solar – HH

By Jane Chanda  President Hakainde Hichilema says the country is on track to reach 1000 megawatts of solar energy by the end of the year through Public-Private Partnerships with banks.…

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Sawmillers Association says only Chinese benefiting from timber trade 

  By Chinoyi Chipulu  The  Zambia National Association for Sawmillers says Zambian traders are not benefiting from the timber trade because the Chinese community has dominated the industry. And Association…

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ZAM raises fears over Tobacco Control Bill

By Jane Chanda  Zambia Association of Manufacturers (ZAM) president Ashu Sagar has warned that the proposed Tobacco Control Bill (TCB) 2025, currently under review poses significant threats to the country’s…

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Dangote welcome, but must comply with fair competition – OMCAZ

By Jane Chanda  Oil Marketing Companies Association of Zambia (OMCAZ) president Dr. Kafula Mubanga says Dangote Petroleum Refinery is welcome to participate in Zambia’s oil sector, but must comply with…

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French minister says his country contributed $2.8m towards Ukraine grain initiative to help Zambia

By Jane Chanda  French minister of State for Francophone and International Partnerships Thani Mohamed-Soilihin has announced that France has pledged 2.8 million euros to support the “Grain for Ukraine” initiative,…

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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…

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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…

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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,…

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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.…

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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…

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