Kwacha Grips On Against Dollar

Kwacha Grips On Against Dollar

The Kwacha closed the week on a stronger note after its received further support from sellers, coupled with some tight liquidity in the money markets. Friday saw the local unit touch an intra-day high of K9.870 / K9.920 compared to the beginning of the week when it was trading at K10.030 / K10.080. The Kwacha’s […]

Chicagos Manda Hill, Fresh View Close Due To High Rentals

Chicagos Manda Hill, Fresh View Close  Due To High Rentals

Businesses have continued to close at various shopping Malls in Lusaka due to high rentals charged by owners. Over the last few years, businesses have closed at Manda Hill and Levy Malls due to increases in rentals. All Sports, Wimpy, Petauke Place, Fresh View Cinemas and Chicago’s were among the stores that closed due to […]

Fire Under performing CEOs In Parastatals, Guess Nyirenda Tells Pres. Lungu

Operation Young Vote(OYV) Executive Director Guess Nyirenda has called on President Edgar Lungu to get rid of cadres who have been appointed to head parastatal companies Speaking during a joint press briefing  in Lusaka, Nyirenda said all Chief Executive Officers(CEO) in parastatal companies should be employed on merit and not on political patronage. “The CEOs […]

President Lungu Visits IMF

President Edgar Chagwa Lungu  has met the International Monetary Fund (IMF)assuring that the Zambian Government remains committed to spearheading the nation’s development based on an economic stabilisation and growth programme. “Although we remain committed to continue on the path of economic reform and stabilisation, there is need to bring the programme negotiations to a conclusion. […]

Zambia Needs Agriculture Champions – ZAMBEEF

Zambia Needs Agriculture Champions – ZAMBEEF

LUSAKA, ZAMBIA – Zambeef has commended the agriculture sector’s and government’s increasing commitment to the diversification of the Zambian economy away from over dependence on mining and focus on agriculture as the engine to drive the economy going forward and has called for agriculture champions to market surplus food into the SADC/COMESA regions. “This is indeed […]

It Is Not True That Tsidi Tsikata Has Been Intentionally Replaced By IMF-Baldini

International Monitory Fund(IMF) Resident Representative Alfredo Baldini has refuted a story that Tsidi Tsikata has been replaced as IMF Mission Chief for Zambia for failing to close a deal with the Zambian  Government. Mr Baldini said: “An article published on the web on October 24 on the Media open platform  ” Lusaka Times” claim that […]

Court of Appeal Rules In Favour Of Stanbic Bank

  The Court of Appeal has ruled in favour of Stanbic Bank Zambia in a long-running dispute with a defaulting borrower that sued the bank claiming K192.5 million in damages for loss of business as a result of being registered as a bad debtor with the Credit Reference Bureau. “Stanbic Bank Zambia commends the judiciary […]

Court of Appeal Rules in Favour of Stanbic in Landmark Judgment

Court of Appeal Rules in Favour of Stanbic in Landmark Judgment

LUSAKA, ZAMBIA – The Court of Appeal has ruled in favour of Stanbic Bank Zambia in a long-running dispute with a defaulting/delinquent borrower that sued the bank claiming K192.5 million in damages for loss of business as a result of being registered as a bad debtor with the Credit Reference Bureau. “Stanbic Bank Zambia commends the […]

‘Fuel Pump Prices Instability Will Hurt Small Businesses’

‘Fuel Pump Prices Instability Will Hurt Small Businesses’

THE instability in the fuel pump prices in the country will hurt small business because it will be difficult for business planning, Kitwe District Chamber of Commerce and Industry (KDCCI) vice president Lackson Ndhlovu has said. On Tuesday this week, the Energy Regulation Board (ERB) announced the adjustment in retail fuel pump prices upwards by […]