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 […]

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 […]