ZAMBEEF Injects $6m in ZAMANITA

ZAMBEEF Products Plc has pumped US$6 million in Zamanita to expand the plant’s edible oil crushing capacity and production efficiencies. The investment is expected to increase the crushing capacity to 100,000 metric tonnes per annum, increase percentage extraction of crude oil and provide improved crude oil refinery. Company chief executive officer Francis Grogan said Zamanita’s […]

BLACKBERRY’s Future UNCERTAIN As Company Shares COLLAPSE

Research In Motion Limited (RIM), the maker of Blackberry smartphone, is experiencing troubled times. The Canadian firm, which faced increasingly fierce competition from Apple iPhone and Google Android, saw its market share shrinks into single-digit percentage and stocks tumbled 80% in just 9 months. The rapid fall of Blackberry is a stark, frightening reminder of […]

STANBIC Bank Is 2011 Africa BANK Of The YEAR

A leading journal of the global banking industry, The Banker, has named the parent company of Stanbic Bank Zambia, Standard Bank, the 2011 Bank of the Year in Africa. In addition, The Banker also named Standard Bank the Bank of the Year in Botswana, Lesotho, Malawi and Zimbabwe. It is in recognition of Standard Bank’s […]

Airtel Zambia commissions 130 network sites

AIRTEL Zambia says it has commissioned about 130 sites under the Universal Access Network Rollout Project, a government supported programme aimed at expanding communication across the country especially in rural areas. Airtel managing director Fayaz King said rural communities will remain top of the company’s agenda as it develops state-of-the-art network. “By the close of […]

ZAMBEZI Oil Transport BOUGHT For US$2.5m

A LOCAL oil marketing company, Mashallah Investment Oil Company (MIOC) has acquired former Zambezi Oil Transport (ZOT) depot in Ndola at a cost of US$2.5 million. Former ZOT depot was till the time of purchase operating as Samfuel Limited, the company which was using the facility under short-term lease. MIOC chairman Kelvin Sampa said in […]

KLM Also To Launch Lusaka Service

KLM Also To Launch Lusaka Service

Dutch carrier KLM will fly three times-weekly to the Zambian capital from May 15 next year, using A330-200 aircraft. The Amsterdam-Lusaka route will operate on Tuesday, Thursday and Saturday, departing Schiphol at 1230 and arriving at 2210, with the return leg leaving at 2355 and landing back in Amsterdam at 0955 the following day. KLM’s […]

Emirates Airlines To Market Zambia, Launches Flights To Lusaka

Emirates Airlines To Market Zambia, Launches Flights To Lusaka

One of the largest airlines in the world Emirates plans to market Zambia’s tourism globally in over 100 destinations. Emirates will fly to Lusaka, and onwards to Zimbabwe’s capital Harare from February next year. The five-times weekly service will commence on February 1, adding the 20th and 21st African destinations to the Emirates network.Bookings are already available […]

State To Float 45% PUBLIC MEDIA Shares

VICE-PRESIDENT Guy Scott says Government will soon offload 45 percent shares in the government-owned media institutions to the public. Dr Scott said discussions are under way to offload 45 percent shares in the three public media institutions to help make them operate independently without any political interference from the ruling party and the government. He […]

12 Dutch Investors Jet In

REPRESENTATIVES of 12 Dutch investment companies are expected to arrive in Lusaka today for the first-ever trade and investment mission to Zambia since independence in 1964. The visit follows the mid-September successful launch of Zambia’s investment guide in The Hague, by the Zambian Mission in Brussels, Belgium, in conjunction with a delegation from the Ministry […]