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 […]

Renewable Energy Expert Welcomes Plans To Set-Up CSNT

PLANS to setup the Centre for Nuclear Science and Technology (CNST) to be constructed by Russian state owned nuclear corporation, Rosatom has cheered a Renewable Energy Expert. Dr Sichilalu, who is University of Zambia (UNZA) Great East Campus lecturer of Chemical Engineering, says the facility will boast a wide range of applications of radiation technologies […]

Zambian Only Gets $600 Million From US$6 Billion Copper Export

Zambian Only Gets $600 Million From US$6 Billion Copper Export

Total annual export earnings from copper amount to between US$6 billion and US$8 billion but Government only receives between US$300 million and US$600 million. Minister of Mines and Minerals Development Richard Musukwa said the justification for increasing the mineral royalty on copper is because Government receives low revenue from the mining sector. The increase will […]

Copper Production to Hit 900,000 Tonnes

Copper Production to Hit 900,000 Tonnes

THE continued favourable copper price on the global market and opening of new mines are likely to boost gross production to almost 900,000 tonnes this year, a senior Government official says. Currently, Zambia produces an average of 870,000 tonnes per annum. Ministry of Mines and Minerals Development Permanent Secretary Paul Chanda said with all factors […]

Weak Kwacha to Gain Strength

Weak Kwacha to Gain Strength

WITH the upcoming auctioning of treasury bills, the Kwacha is tilted towards the appreciation trends against the strong greenback, financial market players say. Treasury bills, which are short-term debt obligations backed by the Government with a maturity of less than one year, segmented in 91,182,273 and 364 days, have varying interest rates of between 14.49 […]

KAGEM Mining Discovers High Quality 5,655 Carat (1.13kg) Emerald Crystal At Its Mine In Lufwanyama.

KAGEM Mining  Discovers High Quality 5,655 Carat (1.13kg) Emerald Crystal At Its Mine In Lufwanyama.

The emerald – dubbed ‘Inkalamu’, the Lion Emerald – shows remarkable clarity with a perfectly balanced golden green colour, and is already creating a buzz in the global gemstone industry ahead of its auction in Singapore next month (November). Inkalamu was discovered at Kagem, the world’s largest emerald mine, which is 75% owned by London-based […]

ZICB To Boost Local Firms

ZICB To Boost Local Firms

The establishment of the Zambia Industrial Commercial Bank Limited (ZICB) and its subsequent launch yesterday will boost liquidity and participation of local businesses in economic growth. Minister of Finance Margaret Mwanakatwe said Government will continue partnering with the private sector, especially small and medium enterprises (SMEs), in finding solutions to the challenges facing the country. […]

GRIZZLY MINING NOT AWARE OF THE $ 50 MILLION ARBITRATION AWARDS FOR BILLIONAIRE LEVI LEVIEVE

Management at Gemcanton Emerald Mines Ltd of Lufwanyama is not reasonably aware of any arbitration awards allegedly entered against it by the International Court of Arbitration as reported in the Bloomberg Newspapers. The Company is presently not aware of any Arbitration awards or legal costs entered against it by any court whether locally or internationally. […]

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