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Zambia’s Timber Industry To Grow – Chibamba
Zambia’s Timber Industry is poised for growth, with the looming shortage in South Africa. Economist Chibamba Kanyama says the projected timber shortfall in South Africa provides an opportunity for other…
Bank of Zambia Officially Reverses The Sale Of Finance Bank
The Bank of Zambia has officially reversed the $5.4 million sale of Finance Bank to South Africa’s FirstRand on today, returning the bank to its previous shareholders. The move was…
FNB In The Dark Over Reversed Sale Of Finance Bank
South Africa’s FirstRand Bank says it has not received any formal notification that its $5.4 million purchase of Finance Bank Zambia Limited has been reversed. FirstRand’s chief executive Sizwe Nxasana…
Commercial Banks Admit Cost Of Borrowing Is High
COMMERCIAL banks in the country have admitted that the cost of borrowing money is high and against the spirit of empowering citizens. Last week, Finance and National Planning Minister, Alexander…
New Minister To Review Energy Tariffs
NEWLY appointed Lands, Energy and Water Development minister, Christopher Yaluma has said his first task will be to conduct a review of the energy tariff structure to ensure sustainable power…
Cost Of Borrowing Too High – Chikwanda
Finance Minister Alexander Chikwanda says the cost of borrowing money in Zambia is too high and inconsistent with the low level of inflation in the country. Mr Chikwanda says the…
BAZ Speaks on Kwacha Performance
Bankers Association of Zambia Chairperson, Mizinga Melu has described as normal the recent depreciation of the kwacha prior to the 20th September general elections. Mrs Melu, who is also Standard…
Sale Of Finance Bank To FNB Set To Be Reversed
The sale of Finance Bank Zambia Limited is poised to be reversed. Highly placed sources have disclosed this to Tumfweko. The new Patriotic Front (PF) Zambian government under the leadership…
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…
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