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Finance Bank Sold To FirstRand Of South Africa
JOHANNESBURG (Reuters) – South Africa’s FirstRand has agreed to pay $5.4 million for Zambia’s Finance Bank, the central bank said on Monday, giving South Africa’s second-largest lender a big boost…
Copper Prices To Remain High In Next 12 Months
The price of copper is likely to remain high over the next 12 months even as commodity prices fall on worries of a global economic slowdown, First Quantum Minerals president…
Government Signs $650 Million Power Project Deal
The Ministry of Energy and Water Development has signed a 650 million dollars project agreement with Lunzua Power Authority (LPA) to carry out the development of hydro-power projects in the…
Chinese Firm To Set Up Plastic Recycling Plant In Zambia
A Chinese Firm is to set up a Plastic recycling plant in Zambia. H.Y Investments Director, Huang Xianggao says his firm expects to produce 100 tonnes of recycled plastics per…
ZB Appoints First Zambian MD
ZAMBIAN Brewerise Plc has appointed its first-ever Zambian-born and educated managing director ever since SAB Miller took over the country’s biggest brewer. Anele Malumo, a chartered accountant and holder of…
BOZ : Zambia’s Re-Classification Economic Status will Take Time To Manifest
The Bank of Zambia (BOZ) has said the benefits of Zambia’s re-classification as a lower middle income status country will take time to manifest into better lives for the people…
Dangote Kicks-Off U.S.$400 Million Zambia Cement Plant Construction
Nigerian Conglomerate, Dangote Industries Limited, has extended the frontier of its businesses in Africa with the launch, last weekend, of a new $400million dollar cement manufacturing plant in Zambia. According…
Mopani Confirms Arrival Of A US$26m Converter At Mufulira Site
The 26 million US dollar worth 132 tonne convertor owned by Mopani Copper Mines (MCM) arrived safely at its Mufulira site on Saturday morning. The converter arrived at Richards Bay,…
Financing Scheme For Small Businesses Launched
A 5 million dollars financing facility, for micro, small and medium businesses, has been set up. This is under the initiative of the Zambia Development Agency (ZDA) and the Development…
Foreign and Local Money Market Update
Market liquidity was recorded at K558.6Bn on Thursday, dipping by K148.7Bn from the previous session K272.1Bn was traded on the interbank market at an average rate of 4.36%. On Wednesday,…
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