Wednesday 17th January 2018

Latest Business

The breakdown in talks between the Zambian government and IMF
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I have received many enquiries from colleagues about what I make of the ‘breakdown’ in talks between the Government and the International Monetary Fund. My views are as follows: 1.Both parties,...
Zamtel injects US280 million in network upgrading
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ZAMTEL is installing new power plants in Kitwe, Ndola and Lusaka, and has also launched more 4G sites to help improve the network at a cost of 280 million United states dollars. ZAMTEL Communicatio...
Electricity woes for Zambia, Zim as Kariba water levels drop
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Lusaka – Zambia and Zimbabwe are under threat of power supply shortage, as water levels in the Kariba Dam continue to drop. In the first week of this month, water levels in the 58-year-old man-ma...
$1 million fire tender damaged in accident
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One of the 42 controversial fire tenders which government recently procured at US$42 million has been involved in a serious road trafffic accident in Chililabombwe. A witness told News Diggers that...
Zambia’s Zamtel expects to more than double subscriber numbers by 2020
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- State-owned Zambian telecoms company Zamtel will more than double its mobile phone subscribers in the next three years after investing $300 million in new infrastructure, the company’s spokesman s...
AfDB Approves U.S.$ 25 Million to Zambia National Building Society
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The Board of Directors of the African Development Bank Group (AfDB) has approved a US$ 25 million in Kwacha equivalent to Zambia National Building Society (ZNBS). The Senior Loan will support ZNBS in...
Delta to complete Natbrew Zambia acquisition next year
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DELTA Corporation Limited says the transaction for the acquisition of National Brewery Zambia (Natbrew) is expected to be completed by March next year as the beverages maker consolidates i...
Director of African Department of IMF Speech
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Speech by Abebe Aemro Selassie, Director, African Department, IMF The London School of Economics, London, November 6, 201 As prepared for Delivery Good evening. It is a pleasure to be wit...
Kazungula bridge between Botswana and Zambia is nearing completion
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The Kazungula bridge, a multi-billion rand rail and road project under construction at the border between Botswana and Zambia is nearing completion. The project began in 2014 and at a cost of o...
Investors from Italy and South Africa are expected in Zambia this month
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INVESTORS FROM ITALY AND SOUTH AFRICA [SA] are headed for Zambia following an investor cooperation programme conducted by the MINISTER OF FINANCE FELIX MUTATI who was a key note speaker at the Italy-S...
African countries are having a risky affair with eurobond debt and it could end very badly
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The financial downturn of 2008, was the single largest catalytic factor compelling Sub Saharan African countries to seek alternative sources of financing for social and infrastructure development. The...
Zesa targets Zambia power for Kanyemba
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ZESA has applied to Zambia’s power utility, Zesco, for permission to import an unspecified amount of electricity to feed the Kanyemba area, Mashonaland Central Province, north of Zimbabwe. This com...
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...
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...
Zambia lifts ban on night driving for truckers to ease cargo movement
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LUSAKA, Dec 6 (Reuters) - Zambia has lifted a ban on night driving for truckers, imposed to improve road safety, after mining companies in Africa’s No.2 copper producer said the decision had hit com...
Trevor urges Zambia to pay LapGreen for Zamtel debt as Libya appeals to the UN
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International Trade Consultant Trevor Simumba has urged the Zambian government to pay the Libyan Government the US$395 million it invested in Zamtel. And the internationally recognised head of Liby...
Over 9,000 Zambians have offshore accounts-Chibamba Kanyama
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Prominent Economist Chibamba Kanyama has revealed that there about 9,000 Zambians holding offshore accounts. Mr Kanyama who is also a former official of the International Monetary Fund disclosed th...
Impasse arises at Chisokone market over foreign traders
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Marketeers at Chisokone market in Kitwe City in Copperbelt province are up in arms with the rising number of alleged foreign nationals who are doing business at the facility. This follows a dispute...
Zamtel implements a new business remodelling concept to improve operations
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The state-owned telecommunications firm Zamtel is implementing the famous Japanese Kaizen programme which places emphasis on continuous improvement of all business processes in its quest to achieve a ...
In terms of trade, Zambia is not looking good in Sweden Mr. Anthony Mukwita
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Zambians hope you brought hot spring investors from Sweden to Zambia. I don’t know about foreign direct investment. Perhaps Zambia is attracting more from Sweden through the mission there. Invest...