BoZ Says “REMOVAL Of 3 Zeroes WONT Affect VALUE Of KWACHA”

The Bank of Zambia has commenced the process of procuring the rebased currency. Bank of Zambia head of public relations Kanguya Mayondi has disclosed in a statement to QFM that once the rebased currency is procured and delivered by the printers and minters,it will be issued to circulate side-by-side with the existing currency for a […]

BARCLAYS Bank Spends K12 Billion On INTERNET Banking SERVICES

Barclays Bank Plc has spent K12 billion on its internet banking services. Through internet banking, customers will be able to carry out banking transactions via internet facilities. Speaking during the launch of the inter banking in Lusaka today, Barclays bank managing director Savior Chibiya said Barclays bank is committed to ensuring that it continues to […]

BREAKING News: 3 Zeroes To Be Removed From Kwacha CURRENCY

BREAKING News: 3 Zeroes To Be Removed From Kwacha CURRENCY

The Zambian government will rebase the Zambian Kwacha currency by lopping off three zeros Finance Minister Alexander Chikwanda said on Monday 1/23. Chikwanda told a media briefing today Monday 1/23. What this actually means is that the rebasing of the Zambian Kwacha will be by dividing the current notes by 1000, consequently knocking out three […]


MARKETEERS in Kitwe have refused to pay the revised market levies despite the local authority threatening to take punitive action against them. Early this month, the Kitwe City Council (KCC) revised market levies, in a bid to increase revenue collection but the move has angered market associations. KCC acting public relations manager Dorothy Sampa said […]

ZAMBIA Losing Over $500m YEARLY

ZAMBIA is losing more than US$500 million¬†a year in the gemstone industry due to a poor export monitoring system, Mines Minister Wilbur Simuusa has said. The minister has also called for increased supervision in the export of base metals in the mining industry to enable the country realise full benefits from the global market. Mr […]

ECONOMIST Predicts Stability Of The KWACHA

A Lusaka based economist Trevor Simumba has expressed confidence that the current volatility that the Kwacha has faced against major currencies will soon normalize. In an exclusive interview with Qfm, Mr. Simumba says the instability is temporal and that there is no need for Punic. Mr. Simumba explains that as soon as the Patriotic Front […]


Lands, energy and water development minister Chris Yaluma says the country has sufficient fuel stocks contrary to media reports that there is a shortage of fuel in the country. Mr. Yaluma however states that the fuel shortage that was minimally experienced in some few parts of the country this week can be attributed to a […]

DFID Gives Zambia K152 BILLION

The United Kingdom’s Department for International Development (DFID) has revealed that it is supporting the UNICEF sanitation and hygiene programme in Zambia with a contribution of ¬£19 million (152 Billion Zambian Kwacha) over a period of four years. Mike Hammond, Head of the DFID office in Zambia, says poor sanitation and hygiene currently present a […]


Zambia plans to start importing refined petroleum products from neighbouring Angola to lower the cost of fuel. Energy permanent secretary George Zulu has told Reuters that oil-rich Angola was willing to supply Zambia with petroleum, which the country has been importing from the Middle East. Mr Zulu says a technical team led by the minister […]

Solwezi Airport To Gobble 117 Billion Kwacha

First Quantum in conjunction with the Ministry of Works, Supply and Communication is spearheading a 117 Billion Kwacha upgrade of Solwezi Airport in North Western Province.antumtTT The upgrade will allow the airport to handle bigger aircraft like Boeing 737s, a development expected to further fuel the growth of diversified industries such as agriculture and tourism […]

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