Pilgrim Writes…

OUR ECONOMY, OUR NEMESIS ______________________________ A sound economy, well-managed, prospers nations. It saves lives, increases both the quality of life and its expectancy, and ensures both social and political stability. In its current state, the framework of Zambia’s economy does NOT guarantee such desired returns. The current framework is wrong/poor. It is an inadequate response […]

INDO Declares K24M Dividends to Govt

INDO Declares K24M Dividends to Govt

Indo Zambia Bank has declared a 24 million Kwacha dividend to government. IZB Board Chairperson Orlean Moyo says the declared dividend will be payable to government through the Industrial Development Corporation -IDC- which holds 40 percent of the bank’s shares. Mrs. Moyo said the bank’s shareholders approved a dividend totalling 60 million Kwacha for the […]

Zanaco In K60m Loss

Zanaco In K60m Loss

Zanaco Bank lost about K60 million in 2018. Speaking at a post-annual general meeting media briefing, bank chief executive officer Henk Mulder said the development could have an impact on branches but assured customers that business will continue through Zanaco Xpress. “Zanaco has an extensive branch network and automatic teller machines countrywide. Some are not […]

Zamtel Targets To Erect 700 New Towers By End Of 2019-Mupeta

Zamtel targets to erect 700 new towers by end of 2019-Mupeta   Zamtel has announced that it will erect 700 new communication towers by the end of 2019 as it continues with its aggressive network roll out. Zamtel Chief Executive Officer Sydney Mupeta revealed that by end of 2019, 700 new sites will be active […]

Innolead Launched In Zambia

By Kwacha Celebrity Reporter Innolead Consulting, a Botswana firm that empowers organisations with Best practice Project Management and Corporate Strategy services was launched in Zambia at a colourful high profile breakfast meeting held at Radisson Blu Hotel in Lusaka The monumental event was officiated by Commerce, Trade and Industry Minister, Hon Christopher Yaluma. High Commissioner […]

Kwacha Beams Up

Kwacha Beams Up

THE Kwacha has appreciated slightly against the dollar helped by inflows from corporates looking to meet their mid-month taxes amid subdued Energy importer demand in the local market. This is according to Barclays Bank Zambia daily market update. At 08:30 hours, the bank said, commercial banks quoted the local unit at K11.96/12.01 per dollar, compared […]

Kwacha Holds Firm

Kwacha Holds Firm

MARKET activity was relatively sluggish with the Kwacha holding firm for a third straight day against the dollar, Barclays Bank Zambia has said. In its daily market update, the bank indicated that the local currency closed the market at K11.88/93. Barclays explained that the local unit traded flat in both the morning and afternoon sessions […]

Zamtel SIM Cards Should Be Our Primary Cards-Mushimba

Zamtel SIM Cards Should Be Our Primary Cards-Mushimba

Communications and Transport Minister Brian Mushimba has appealed to Zambians to fully support the transformation that is currently taking place at Zamtel. Mr Mushimba noted that Government through Zamtel is making huge investments such as the construction of 1009 communication towers across the country at a cost of US$280 million. He said the members of […]

China-Zambia Trade Must Be Clarified-SACCORD

SOUTHERN Africa Centre for Constructive Resolution of Dispute (SACCORD) Executive Director Boniface Cheembe has emphasised the need for an international Indaba to demystify China trade in Zambia.   And Operation Young Vote (OYV) Executive Director Guess Nyirenda says if the access to information bill was in place, the riots that were sparked by the alleged […]

Chibamba Defends Govt Over ZAFFICO

CHIBAMBA Kanyama says the reason why there are many speculations about the ZAFFICO issue is because there are hidden values that have not been made public by Government. Mr Chibamba whose a renowned economist said in an interview that the listing of ZAFFICO shares is a good transaction that has just been politicised. “I think […]

1 2 3 29