Thursday 19th October 2017

Latest Business

High Taxes A Big Challenge To Mining In Zambia
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First Quantum Minerals Country Manager General Kingsley Chinkuli has observed that Zambia’s mining industry is failing to compete favourably in production due to high taxes. And Gen. Chinkuli has...
TIZ Say Corruption Is Rife In Construction Tenders
Transparency-International
Transparency International Zambia (TIZ) Executive Director Wesley Chibamba has charged that there is a lot of corruption in the awarding of tenders in the construction sector in the country. Chibam...
150 workers lose jobs after Atlas Mara buys off Finance Bank
financebank
About 150 workers at BancABC and Finance Bank have been laid off after Atlas Mara bought off Finance Bank. On Friday, Atlas Mara and the Zambia Union of Finance and Allied Workers signed a redundan...
Speed up Land Act-UNIP
FRUITS
THE United National Independence Party (UNIP) has called on the Government not to drag its feet towards implementing the Land Act to help curb the crisis in the allocation of land. UNIP information a...
Turkish medical firm eyes Zambia
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THE Federation of Medical Device Manufacturers and Suppliers Associations, a consortium of 600 Turkish reputable companies, will send a delegation to Zambia to assess prospects of setting up a medi...
Stanbic Bank launches E-commerce platform
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STANBIC Bank Zambia has partnered with a Kenya-based company in an initiative that will enable customers to make online sales without physically presenting their credit or debit cards at the time of p...
Copper Price Goes Down By 1%
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The price of copper, which has previously been trading on an upward trend on the global market, yesterday witnessed a one percent decline ,weighed down by high inventories ahead of key Chinese trade d...
CEEC Chairperson impressed by a youth who created employment for Mpika residents
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The Citizens Economic Empowerment Commission (CEEC) is fascinated by a youth who has created jobs for residents of Mpika district by putting up a milling plant using funding from CEEC. CEEC Board C...
Zambian banks charge highest interest rates in region, they need to reduce interest drastically
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By Mwansa Prospery Chalwe The Zambian economy will not recover quickly enough as long as Commercial banks continue charging unjustifiable and exorbitant lending rates. Zambia commercial Banks inter...
Stanbic Bank says Zambia’s inflation rate will rise by December
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Stanbic Bank has forecast a rise in the Zambia’s annual rate of inflation by December 2017. In a note to investors, the bank said Zambia’s rate of inflation reached 7 percent year on year in Ja...
Dear Politicians, what is happening to our education system?
Dear Editor, Since the conclusion of the elections we have heard very little from our politicians on education, something I recall they were only too keen to talk about and make promises on durin...
Our economy has hit rock bottom – Mutati
Lusaka, Zambia: Supreme Court of Zambia - Haile Selassie Avenue and Independence Avenue - red-brick colonial architecture of Northern Rhodesia - photo by M.Torres
FINANCE minister Felix Mutati says Zambia’s economy has hit rock bottom. And the Zambia Chamber of Commerce and Industry wants the government to reduce company tax to mitigate the impact of the i...
Inactivity stabilises kwacha
IMF
FINANCIAL market analyst Maambo Hamaundu says economic inactivity is responsible for the current stability of the exchange rate. As of yesterday, the kwacha was buying and selling at K9.92 and K10....
Zambezi residents prefer cheaper, smuggled maize meal from Zambia
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Namibia's drought has been blamed for the increase of smuggled maize meal in the Zambezi region, and residents opt for the illegal products because it is cheaper than the locally-produced. On Monda...
Mutati On The Defence As He Prepares For Budget
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  Minister of Finance Felix Mutati is fighting back following continued calls for his expulsion. The calls, which the minister claims are an attempt to distract him from his work, have plagued...
Maize Floor Price Set: FRA to buy a 50 Kg bag of maize bag at K60.00
FRA Maize
The Food Reserve Agency -FRA- has announced that it will buy a 50 Kilogram bag of white maize at 60 Kwacha under the 2017 crop Marketing exercise. FRA Board Chairman Joe Simachela announced the 201...
Put life in tourism potential
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France leads the world in the field of tourism with 83.7 million international tourists visiting the country in 2014. The Eiffel Tower on the Seine River in Paris in France is one of the most iconi...
Lungu To Sell ZCCM Shares To The Israelis
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Zambia is Africa's second-largest copper producer,  and news has broken that President Lungu is talking to an Israeli company that wants to buy a stake in state mining investment arm Zambia Consolida...
Only 2.8% of adult Zambians are insured – Insurers Association
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The Insurers Association of Zambia has revealed that only 2.8 percent of adult Zambians are insured. Association Executive Director Christabel Banda explained that cultural issues coupled with the ...
Airtime and Data charges go up, Phone Companies Blame Government for the Increase
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All mobile phone networks have announced that they are increasing their prices effective January 1st 2017. Mobile internet service provider Vodafone has also joined the list of firms hiking their c...