Business

BoZ introduces K500, K200 bank notes … relegates K5 to coins

By Jane Chanda  The Bank of Zambia (BOZ) has introduced a new family of banknotes and coins, set to be launched on March 31, 2025.  And BOZ has apologised for…

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Masebo must answer for K26m liability demand from drug shippers – MOHZ

By Chinoyi  Chipulu  Medical for Quality Healthcare in Zambia (MQHZ) director general Dr Quincy Mwabu has demanded that the  government provides clarity on the issue surrounding the K26 million liability…

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37% of power supplied to CB mines came through imports – CEC

By Jane Chanda  Copperbelt Energy Corporation (CEC) chief executive officer Mutale Mukuka says the company has supplied 37 percent of its Copperbelt mining companies through power imports. In a statement…

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Govt to blame for giving investors too much power – Kalesha 

By Chinoyi Chipulu  Emeralds and Semi-Precious Stones Association president Victor Kalesha says government is the one to blame for the bad deals with some investors because they are given too…

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ZACA writes ZICTA to stiffen penalties against Airtel

By Jane Chanda  Zambia Consumer Association (ZACA) executive secretary Juba Sakala says the association has written to the Zambia Information and Communications Technology Authority (ZICTA) to revise the current penalties…

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Emergency tariff extension will weaken Zambia’s production capacity – Dodia

By Mubanga Mubanga Economic analyst Yusuf Dodia says the decision by the Energy Regulation Board (ERB) to extend the emergency power tariffs by Zesco for another three months will affect…

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We shall compensate all customers – Airtel … Following K4m ZICTA penalty

By Agness Changala  Airtel Zambia says the company will comply with the Zambia Information and Communications Technology Authority (ZICTA)’s directive to compensate all customers impacted by the internet outage which…

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Over-reliance on foreign aid an obstacle to economic independence – Haabazoka

By Jane Chanda  Economist Lubinda Haabazoka says Zambia’s over-reliance on foreign aid is a major obstacle to achieving economic independence. And Habazoka says the recent USAID aid suspension debacle was…

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Kagem to lay off workers if govt does not reverse 15% export tariff

By Daily Revelation Reporter Gemfields has indicated that they will face an effective revenue tax of 21 percent and be forced to lay off workers if the government does not…

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Govt to spend less but tax more – Nkulukusa 

By Chinoyi Chipulu  Secretary to Treasury Felix Nkulukusa has announced that government will pursue a contractionary fiscal policy, requiring less government expenditure while increasing taxes at the same time. A…

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