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. […]

MARIA ZALOUMIS BOUNCES BACK AT ZNFU*

  Controversial Vegetable Farmer and cattle rancher Maria Zaloumis, has been elected as Commodity Director at the on-going Zambia National Farmers Union(ZNFU). This is despite a social media fire-storm that engulfed her because of her alleged sexual relationship with a married man, a Mr Justin Phiri. The members have voted overwhelmingly for the industrious young […]

Investing In Zambia Was A Simple Choice – German Investor …..Chikunto Lodge In Mfuwe Resort In The Middle Of Nowhere

Investing In Zambia Was A Simple Choice – German Investor  …..Chikunto Lodge In Mfuwe Resort In The Middle Of Nowhere

A German businessman says investing in Zambia was a simple investment choice to make as it was based on the country’s unique but important qualities such as peace and political stability. Mr. Jens Kant, owner and Chief Executive Officer of Chikunto Lodge in Mfuwe says Zambia topped many investment destinations in the world in general […]

BoZ Warns Against Currencies

BoZ Warns Against Currencies

The Bank of Zambia (BoZ) has called on members of the public to be wary of risks associated with transacting in cryptocurrencies. Cryptocurrencies, which are decentralised digital currencies with the most common being Bitcoin, have taken the global market by ‘storm’ and Zambia has not been spared. BoZ said in a statement yesterday that the […]

$200m Gives KKIA New Shape

$200m Gives KKIA New Shape

About US$200 million has so far been spent on construction of a new terminal at Kenneth Kaunda International Airport. Minister of Housing and Infrastructure Development Ronald Chitotela said US$360 million will be spent on the project, which is being financed through a loan from Exim Bank of China. Mr Chitotela said this yesterday after touring […]

Investors Invade Samfya District

Investors Invade  Samfya District

Provincial investment expositions are proving to be a hit, with Samfya district, Luapula Province, running out of land on lake shores as a result of overwhelming response from investors. Luapula Province held the first-ever such investment expo in July last year, which has triggered a scramble for prime land by local and foreign investors, according […]

Box of Tomatoes Hits K10

Box of Tomatoes Hits K10

Dear Editor, In as much as we claim to diversify business into agriculture, as a country we have not invested into value addition. This is happening in Solwezi right now, a box of tomatoes selling as low as K10. Look at the huge loss incurred by our farmers, yet the country has continued to import […]

KCM To Compensate Residents With 100 Houses

KCM To Compensate Residents With 100 Houses

Konkola Copper Mines (KCM) plans to build 100 houses of families whose houses have developed cracks because of the impact of mine blasting activities in Nchanga South in Chingola. The mining giant will build the houses on humanitarian ground and has since written to the Chingola Municipal Council (CMC) to secure land where to relocate […]

Konkola Copper Mines Committed To Resolving Supplier Payment Delays

Konkola Copper Mines Committed To Resolving Supplier Payment Delays

CHINGOLA, 7 SEPTEMBER 2018: Konkola Copper Mines (KCM) confirms the payment delays that are currently being experienced by its suppliers, and is aware of the impact these delayed payments have on their businesses and dependents. KCM is engaging with all its suppliers and business partners through a structured plan to resolving these delays. KCM CEO Deshnee Naidoo […]