Zambia Heading Towards Debt Crisis-Prof Saasa

Zambia Heading Towards Debt Crisis-Prof Saasa

  THE Centre for Trade Policy and Development CTPD has launched the Debt study on weathering the storm of rising public debt. In presenting the findings of the study, CTPD Researcher Bright Chizonde, noted that Zambia’s debt management strategy had been cited to be based on pronouncements instead of quantifiable targets and benchmarks. “MTDS, Budgets […]

Firms Invited To Resume KCM Business

Firms Invited To Resume KCM Business

Copperbelt Minister Japhen Mwakalombe has urged companies which supply copper concentrates to Konkola Copper Mines (KCM) to resume business with the mine. Mr Mwakalombe yesterday held a meeting with management at KCM where he was assured that the smelter is operating effectively and is not affected by the contaminated diesel. “Those who supply the mine […]

Yes, Food Security Starts At Household Level-Zambia Land Alliance

Zambia Land Alliance (ZLA) agrees, to some extent, with the Minister of agriculture that food security starts at household level by ensuring that farmers secure their harvest as opposed to selling it to unscrupulous businessmen. ZLA believes that the basis for food security is land tenure security for small scale farmers as they are the […]

Ndola Lime Loses $100m

Ndola Lime Loses $100m

NDOLA Lime Company (NLC), a company owned by ZCCM-IH, has lost US$100 million to an Italian company, Terruzzi, which went under immediately after receiving the money in 2014. Terruzzi went into liquidation before it built a kiln which has not been operational since then. The Parliamentary Committee on Parastatals quizzed NLC management how it paid […]

Sales tax: No retreat

Sale tax will not be reversed but consultations on how best to implement it will continue, President Edgar Lungu has said. President Lungu says dialogue on the Sales tax which will replace Value Added Tax (VAT) is aimed at creating an environment that will enable various economic players and other stakeholders meet their obligations. The […]

Statement On Govt’s Decision To Save Jobs At KCM And Mopani

Zambian DNA commends Government’s decisive action to protect jobs at KCM and Mopani Copper Mines. Indeed, it is unacceptable for the mining firms to continue arm-twisting government with threats of job losses to force them to give in to their demands. It is also unfortunate that the mining firms are using the new tax regime […]

betPawa Paints Lusaka Green

WHILE online sport betting firms are establishing their roots in Zambia, betPawa has proved to be trusted and outstanding; owing to its cordial customer relation and the manner it conducts its business. Customers talked to said betPawa has a unique and encouraging payout strategy which cannot be matched by any online sport betting firm. “Well, […]

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 […]

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