Don’t Increase Electricity Tariffs In Sept, Pleads Ndhlovu

Alfred Ndhlovu has pleaded with Zesco, a power utility company not to adjust electricity tariffs upwards in the month of September. Zesco implemented phase one of the proposed tariff  increment by 50% in May, with  phase two of the  remaining  increment of 25% to be effected on September 1 this year. “This proposal came as […]

Women Own More Businesses Than Men In Zambia-US Research

More women than men own small scale businesses in Zambia, though most of these businesses fail within 2 years, a research by the American Embassy has revealed.   The research conducted by the American Corner in Lusaka and other prestigious universities across the globe and echoed by WeCreate Zambia, a Non-Governmental Organization (NGO) located in […]

JCTR Happy With Appreciation Of Kwacha

Jesuit centre for theological reflection (JCTR) says there has been a sustained appreciation of the kwacha since the last adjustment of fuel prices. Government has adjusted pump prices/litre for petrol from K12.5 to K11.67, Diesel K10.72 to K9.87, Kerosene K6.81 to 6.50 and LSG K13.01 to K12.16. Speaking in an interview, JCTR Communications Officer Tendai […]

Shimunza Calls For Limited Zambianisation Of The Economy

Shimunza Calls For Limited Zambianisation Of The Economy

  Movement for National Transformation(MNT) founding president Daniel Mvula Shimunza says Zambians have been  left out as key drivers of the country’s  economy. Shimunza said in a statement made available to the media that 53 years down the line, Zambians have not been main stakeholders in as far as driving the economic agenda of the […]

Barclays Bank Reduces Lending Rates

Barclays Bank Reduces Lending Rates

  Barclays Bank has announced that it has effective 14th August reduced its lending rates on loans by 1.5%. This follows the Bank of Zambia’s recent announcement regarding Monetory Police Rates from 12.5% to 11% and the Statutory Reserve Ratio from 12.5% to 9.5% to facilitate for more liquidity availability to Commercial banks for lending. […]

Ndhlovu Mocks ERB Over 85 Ngwee Fuel Price Reduction

Ndhlovu Mocks ERB Over 85 Ngwee Fuel Price  Reduction

Former Deputy Minister in the Chiluba regime Alfred Ndhlovu  says the Patriotic Front(PF) should not brag about the 85 Ngwee reduction of  fuel prices because it is just a drop in the ocean. Briefing the press in Lusaka recently, PF Secretary General Davies Mwila boasted that the reduction of fuel and Meali-meal prices are as […]

CSPR Pins Hope In SNDP

CSPR Pins Hope In SNDP

  Civil Society for Poverty Reduction(CSPR) Executive Director Kryticous Patrick Nshindano says the fully implementation of the Seventh National Development Plan(SNDP)will deal with the Zambian debt believed to be in billions of US dollar. Speaking in interview with Tumfweko, Nshindano said   the SNDP is a very good document that needs proper management and implementation […]

PMRC Praises BoZ For Reducing Policy Rates

Policy Monitoring and Research Centre(PMRC) Executive Director Bernadette Deka has commended Bank of Zambia(BoZ) for reducing the policy rates from 12.5% to 11%. Ms Deka said in interview that the reduction in the policy rate has the potential to alter short-term interest rates in an economy, thereby influencing a level economic growth and inflation. She […]

CMMB, Stanbic Bank Launch ‘Anakazi Banking’

CMMB, Stanbic Bank Launch ‘Anakazi Banking’

  The Catholic Medical Mission (CMMB) has joined hands with Stanbic Bank in launching the country’s first-ever women-centered banking called ‘Anakazi Banking’. The programme which is a joint venture by the two entities, namely Stanbic Bank Zambia and Catholic Medical Mission Board (CMMB) has been formulated to help small and medium business women to develop […]

DBZ Gives Out K826m

DBZ Gives Out K826m

The Development Bank of Zambia -DBZ- has given out loans worth 826 million Kwacha to environmental friendly projects in the first quarter of the year 2017. DBZ Managing Director Jacob Lushinga says the loan portfolio covers 86 projects of which 56 were completed.Mr. Lushinga says 30 projects are still under implementation. He says expenditure to […]

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