Tuesday 30th May 2017

Latest Business

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
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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
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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....
Zambia urges Landlocked Developing Countries to reform economies
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Ministry of Foreign Affairs Permanent Secretary Ambassador Chalwe Lombe has urged Landlocked Developing Countries (LLDCs) continuously reform their economies to the dictates of times, taking into acco...
Government has no money, PF will rely on continued borrowing – Haabazoka
A man holds a collection of Zambian kwacha banknotes in this arranged photograph in Lusaka, Zambia, on Thursday, Oct. 8, 2015. Zambian Finance Minister Alexander Chikwanda is seeking to restore confidence in the economy to help reverse the world's worst currency performance, record borrowing costs and sliding growth. Photographer: Waldo Swiegers/Bloomberg via Getty Images
THE PF government is not ready to run the economy without borrowing from the international capital markets because they literally have no money, says economist Dr Lubinda Haabazoka. In an interview...
Airtel Directors Face Criminal Prosecution For Wiretapping Journalists
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The Airtel Spying case brought foward by two Zambian journalists has taken a new twist as directors of the mobile phone company face criminal prosecution. Meanwhile, the matter has been re-allocated t...
EU-funded project to help Zambia improve governance of mining sector
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Being one of the world’s leading copper exporters comes with its own problems and one of them, for Zambia, is the huge task of monitoring its mineral production so as to ensure maximum revenues from...
TODAY’S BLOG: Lungu’s Economic Policy Based On False Promsies
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An independent review of the Zambian economy released by VTB Capital Investment Bank yesterday has spelled out the economic failings of the Patriotic Front government since 2011, and hints that Edgar ...
“We will keep publishing” – The Post
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POST editor-in-chief Fred M’membe says the newspaper will continue publishing despite having the newsroom and other operation offices locked up under police guard. Speaking on BBC’s Foc...
Fears for African Economies as Britain leaves European Union 
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TODAYS BLOG: Early this morning it was announced that Britain has voted to leave the European Union in a referendum by a margin of 51.9% to 48.1%. As a result, David Cameron has chosen to step down ...
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...
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...
Zambia’s kwacha weakens as investors hold dollars over dismissed election challenge
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Zambia's kwacha weakened more than 1.5 percent to the dollar on Tuesday as investors were cautious after a court ruled that the opposition had missed a deadline to challenge President Edgar Lungu's re...
FQM blames government for mine job cuts
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FIRST Quantum Minerals director of operations Matt Pascall says massive job layoffs especially on the Copperbelt are a result of frequent changes to mine tax laws, which hurt investors. And Pascall...