$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 […]

Luanshya Mine Fires Union Chairman For Theft

Luanshya Mine Fires Union Chairman For Theft

Luanshya Copper Mines has dismissed the chairman for the National Union of Miners and Allied Workers (NUMAW) after he was caught with a spare part of a motor vehicle concealed on his body as he was knocking off from work. Meanwhile Luanshya Copper Mines management has complained to both the National Union of Miners and […]

KCM Denies Allegations Of Cobalt Export Scam

KCM Denies Allegations Of Cobalt Export Scam

CHINGOLA, 4 September 2018: Konkola Copper Mines (KCM) has noted the article on “alleged cobalt scam” reported in the Daily Mail of 4 September 2018 with great concern. The company unequivocally refutes the unfounded and mischievous allegations. Even a cursory review of the company’s website indicates that cobalt is an important by-product at KCM, and […]

MTN Hits Back At Nigeria’s Central Bank

MTN Hits Back At Nigeria’s Central Bank

Mobile phone giant MTN has accused Nigeria’s central bank of damaging investor confidence after it accused the company of illegally transferring $8bn (£6.1bn) abroad. The allegations against MTN had been investigated by the Senate, Nigeria’s upper parliamentary chamber, and it found that the company “did not collude to contravene foreign exchange laws”, the firm said […]

Road To Cost Zambia Sugar K10 Million

Road To Cost Zambia Sugar K10 Million

ZAMBIA Sugar Limited Plc has started working on the 10-kilometre Lubombo Road to enhance agriculture and entrepreneurship in Mazabuka.The project, which is an initiative by Zambia Sugar, will be complemented by other stakeholders such as the Road Development Agency (RDA), Lafarge Zambia, International Labour Organisation (ILO) and the National Council for Construction (NCC). The NCC […]

Zambia Never Hides Debts It is Sustainble-Mwanakatwe

Zambia never hides debt, it’s sustainable and being serviced – Mwanakatwe …as Chiteme urges diplomats to fly homeland flag higher abroad WASHINGTON DC, USA, Saturday, 21 April 2018 – The Minister of Finance Honourable Margaret Mwanakatwe has assured Zambians and the international community that Zambia does not and will never hide its debt. And the […]