Zambia Buys Back Mopani Mine

Zambia Buys Back Mopani Mine

(Reuters) – Glencore has agreed the sale of its majority stake in Mopani Copper Mines to Zambia’s mining investment arm ZCCM-IH in a $1.5 billion deal, the miner and trader said on Tuesday. The deal is funded by borrowings from Carlisa Investments Corp – a British Virgin Islands based company through which Glencore holds its […]

Carnival Furnishers Regional Manager On The Run

Carnival Furnishers Regional Manager On The Run

Carnival Furnishers Zambia Regional Manager, Josh Kabir is reported to be on the run after auctioning part of the company properties leaving over 200 workers stranded with four of the company outlets closed down. Carnival Furnishers Chingola Branch Manager, Francis Mubanga has since asked government to intervene in the alleged disappearance of Mr. Kabir and […]

Flash Drivers Go On Paid Leave

Flash Drivers Go On Paid Leave

  ALL Flash Bus employees whose health situations put them at high risk of contracting the deadly Coronavirus will be on paid leave, company Proprietor Ismael Kankara has announced. Since breaking out in the Chinese town of Wuhan last December, COVID-19 has killed more close to 30,000 people worldwide and infected more than 700,000 globally. […]

Tungi School Demostration Expected To Raise K80,000 From Fish Farming

ZAMBIA Aquaculture Cooperative Society (ZACOSO) Limited chairperson Collins Kachaka says the demonstration fish pond at Tungi Primary School in Mongu is expected to raise a minimum of K80,000 at harvest time. Dr Kachaka said in an interview that the pond, which was recently stocked with 10,000 fingerlings, is expected to produce four tonnes of fish […]

Mealie-meal prices stable – Siliya

GOVERNMENT has stabilised the price of mealie-meal to K136 following the recent intervention. Minister of Information and Broadcasting Services Dora Siliya said the cost of mealie-meal is expected to get lower when the new crop hits the market in April and May. “The mealie-meal price has hit over a K100 mark and for many years […]

ZRA Tracks Down K2.1m Horses

TH E Z a m b i a Revenue Authority (ZRA) has seized four trucks worth K 2 . 1 m i l l i o n imported using a forged value added tax (VAT) deferment facility at Nakonde border post. ZRA commissioner of customs services Sydney Chibbabbuka said the interceptions in Nakonde are some […]

Copperbelt in $450m solar investment

Copperbelt in $450m solar investment

THE Copperbelt Province is earmarked for a US$450 million investment in solar energy generation. And provincial permanent secretary Bright Nundwe has urged public officers in the province to reduce audit queries as those found wanting will be prosecuted. Meanwhile, Mr Nundwe has disclosed that the National Housing Authority (NHA) is expected to build 200 houses […]

Yalelo Lauds DBZ, Pays Back K31 Million Loan

YALELO Limited chief executive officer Bryan McCoy has commended Development Bank of Zambia (DBZ) for trusting the organisation with equity to enable it to address operation challenges. “When DBZ originally invested in Yalelo, we were actually a small company that was beginning to [learn] how fish could be grown in Lake Kariba. We had just […]

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