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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,…
ZRA To Acquire An Integrated Tax Administration System
The Zambia Revenue Authority (ZRA) has disclosed that it is in the process of acquiring an integrated tax administration system with E-payment and E- filling Interface Solutions as part of…
Musokotwane Clarifies Lower Middle-Income Status
Finance and National Planning Minister Situmbeko Musokotwane has described the classification of Zambia to the lower Middle Income status country by the World Bank as a clear manifestation that government’s…
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