OYV Wants A Progressive Budget

  By Tetiwe Mweemba As the nation awaits the official presentation of the 2020 National Budget by Finance Minister Bwalya Ng’andu in Lusaka tomorrow amidst the high cost of living, Power outages and suffering intense effects of Climate Change, the Operation Young Vote OYV says the country is expectant of a user friendly budget which […]

Fuel Prices To Go UP

Fuel Prices To Go UP

FUEL prices will be increased as a result of hiked prices of the commodity on the international market following a drone attack on fuel storage facilities in Saudi Arabia. Minister of Energy Mathew Nkhuwa said that the fuel price hike will be implemented on the new stock of the commodity. Mr Nkhuwa said this yesterday […]

Emirates Gives Zambian Cabin Crew An Experience Of A Lifetime

Emirates Gives Zambian Cabin Crew An Experience Of A Lifetime

AFTER four years working as a cabin crew member with Emirates, Zambia’s Lunda Mutwale has enough stories to last a lifetime. From the excitement of Dubai to the food of Japan – she has experienced the world; but she never forgets home, especially its friendly people and her favourite food. Ms Mutwale had dreamt of […]

ZESCO To Buy Power From South Africa

ZESCO To Buy Power From South Africa

ZESCO Limited intends to start importing 300 megawatts of electricity from South Africa at a total cost of US$13.5 million to mitigate the electricity power deficit in Zambia. Zesco director for commercial and customer services Chiti Mataka said the power utility company has an opportunity to start importing power from South Africa. Mr Mataka said […]

Pick ‘n’ Pay Zambia Pledges To Buy Local

Pick ‘n’ Pay Zambia Pledges To Buy Local

PICK ‘n’ Pay Zambia has pledged to continue supporting local farmers by creating a market for local farm produce. And Luanshya Mayor Nathan Chanda has clinched a deal for small-scale local farmers to supply their produce to Pick ‘n’ Pay. Pick ‘n’ Pay managing director Lucus Houben said his desire is to make affordable prices […]

Latest Court Update-ZCCM IH VS KCM Liquidation Proceedings

Latest Court Update-ZCCM IH VS  KCM  Liquidation Proceedings

LUSAKA, 27TH AUGUST 2019: The High Court for Zambia today, 27th August, 2019 heard two different applications from Vedanta. These are: The application on behalf of Vedanta Resources Holdings Limited (“Vedanta”) to stay the proceedings in the High Court until the appeal Vedanta wants to make to the Court of Appeal of Zambia is decided following the High […]

Kagem Raises $19 million at Emerald Auction

Kagem Raises $19 million at Emerald Auction

KAGEM Mine Plc has raised almost US$19 million from the just-ended emerald auction, which will enable the company contribute to the national treasury through taxes and royalties. The company, which is 75 percent owned by Gemfields and 25 percent by the Industrial Development Corporation (IDC), last week held an auction for commercial quality rough emeralds […]

Kwacha Performs Better Than ‘Sister’ Currencies

Kwacha Performs Better Than ‘Sister’ Currencies

DESPITE the Kwacha trading on the back foot, it has generally performed better than other emerging market currencies in the region. Unlike the South African rand, which has been trading above ZAR 15 against the United States (US) dollar, the Kwacha has been resilient, financial market players say.

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