Annual Rate of Inflation For December Decreases to 6.1%

Annual Rate of Inflation For December Decreases to 6.1%

The annual rate of inflation for the month of December has decreased to 6.1 percent from the 6.3 percent recorded in November 2017. Meanwhile Zambia has recorded a growth rate of 3.3 percent in the third quarter of 2017 which was 0.1 percentage points higher than that recorded in the second quarter. Speaking during the […]

Lafarge Fined K99 Million For Over Pricing

Lafarge Fined K99 Million For Over Pricing

COMPETITION and Consumer Protection Commission has fined Lafarge Cement Zambia Plc K99,235,400 for applying abusive loyalty discount schemes, price discrimination and excessive pricing. Competition and Consumer Protection Commission Board of Commissioners chairperson Kelvin Fube Bwalya stated in a statement today that the board had further ordered Lafarge Cement Zambia Plc to cease and desist from […]

Pres.Lungu’s Book Goes On Xmas Sale…adds flavour to festivities against all odds, says Daily Mail

  If you are a bookstore, library owner or plain lover of modern Zambian contemporary history, there is good news for you this Christmas as the best performing local book based on President Edgar Lungu goes on 50 percent sale. The is according to advertisements running in the Zambia Daily Mail stipulating that Against all […]

ZAMTEL Launches Lowest Internet Bundles

ZAMTEL Launches Lowest Internet Bundles

State Owned Enterprise Zamtel is investing US$280 million in network modernization and upgrade countrywide. And the state owned company has today released a cocktail of lowly priced internet bundles in an apparent fierce price battle among the three mobile players. Zambian customers woke up Saturday morming to a social media frenzy about the lowest Internet […]

Government Urged To Reduce Borrowing

Government Urged To Reduce Borrowing

The Economics Association of Zambia says there is need for government to put in place stringent measures to reduce borrowing. Reacting to concerns raised by the IMF on the country’s debt levels which has resulted in the halting of talks on a possible bailout package, Association Programmes Officer, Kampamba Shula feels enacting the public procurement […]

Peasant Farming Must Come To An End-Ndhlovu

Source: Kwacha Celebrity Newspaper Former Transport and Communication Deputy Minister Alfred Ndhlovu is strongly advocating for Zambia to transform from  peasant farming to improved and modernized  agricultural   methods. And Ndhlovu is disappointed that while Finance Minister Felix Mutati has found K4,000 for the E-Vulture system, he has not found money  to pay farmers what […]

Don’t Import Vegetables, Siliya Tells Zambians

    Agriculture Minister Dora Siliya says she is against the importation of vegetables from other countries. She says Zambia should take advantage of the abundant waterfalls to grow vegetables all year round. Meanwhile, Ms Siliya says Zambia has seen massive  developments in  much in recent years, therefore there is need for Zambians to start […]

Kwacha Closed November On a Weak Note

Kwacha Closed November On a Weak Note

THE Kwacha closed its trading session for November by 1.25 percent weaker compared to the beginning of the same month when it was trading at K10.000 / K10.050. The local unit is currently trading in the range of K10.0257 and K10.2243 per dollar. Most financial institutions indicated that the exchange rate market saw the performance […]

BOZ Lowers Policy Rate

BOZ Lowers Policy Rate

The Bank of Zambia has reduced the policy rate to 10.25 percent from 11 percent. And the central bank has also reduced the statutory reserve ratio to 8 percent from 9.5percent. Speaking at a media briefing in Lusaka today, Bank of Zambia Governor Denny Kalyalya attributed the reduction to the continued improvement in the economic […]

ZRA Extends Mandatory Bank TPIN Registration To 31st March 2018

ZRA Extends Mandatory Bank TPIN Registration To 31st March 2018

The Zambia Revenue Authority has extended the deadline for application for Tax Payers Identification Numbers from 31st December 2017 to 31st March 2018. The deadline has been extended in order to allow more eligible people to comply especially those in peri urban and rural areas after considering the current challenges in registering for TPINs. The […]