Banks have sabotaged local economy – CUTS

ZAMBIA’s economy has been sabotaged by the banking sector due to the bank’s failure to inject enough liquidity in circulation as a result of higher interest rates, observes the Consumer Unity Trust Society (CUTS) International. Commenting on BoZ Governor Caleb Fundanga’s concern over low competition in the banking sector, CUTS International Zambia acting coordinator Simon […]

Government Ran Out Of Finances For Projects – Musokotwane

FINANCE minister Situmbeko Musokotwane says the country has a backlog of infrastructure development that needs to be addressed immediately. Musokotwane said in interview that the government was unable to find money to offset the backlog that had characterised almost all the towns in the country hence the move to channel mining taxes towards infrastructure. He […]

FRA Refutes Reports Of Kenya Rejecting maize

ZAMBIA is yet to export maize to Kenya, says the Food Reserve Agency. In an interview, FRA marketing information coordinator Joseph Mulambu dismissed reports that the Kenyan government had rejected maize from Zambia. Mulambu said talks on maize exports to Kenya were still under way contrary to media reports that the Kenyan government had rejected […]

Tally Population Growth To Economy,UN Tells Zambia

The United Nations Population Fund (UNFPA) says Zambia needs to work hard to ensure that the country’s population growth tallies with the growth of the economy. UNFPA country representative Duah Owusu- Sarfo says the economy is expected to triple more than the growth of the population as this is key in fighting poverty but that […]

No New Notes For Zambia-BOZ Emphasizes

The Bank of Zambia has dismissed media reports suggesting that it intends to introduce bank notes higher than that of K50, 000. Bank of Zambia Deputy Governor Dr. Austin Mwape told journalists at the ongoing Zambia International Trade Fair during a tour of the stand Saturday afternoon the bank of Zambia had no immediate plans […]

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