Zanaco Bank lost about K60 million in 2018. Speaking at a post-annual general meeting media briefing, bank chief executive officer Henk Mulder said the development could have an impact on branches but assured customers that business will continue through Zanaco Xpress. “Zanaco has an extensive branch network and automatic teller machines countrywide. Some are not […]
Zamtel targets to erect 700 new towers by end of 2019-Mupeta Zamtel has announced that it will erect 700 new communication towers by the end of 2019 as it continues with its aggressive network roll out. Zamtel Chief Executive Officer Sydney Mupeta revealed that by end of 2019, 700 new sites will be active […]
By Kwacha Celebrity Reporter Innolead Consulting, a Botswana firm that empowers organisations with Best practice Project Management and Corporate Strategy services was launched in Zambia at a colourful high profile breakfast meeting held at Radisson Blu Hotel in Lusaka The monumental event was officiated by Commerce, Trade and Industry Minister, Hon Christopher Yaluma. High Commissioner […]
THE Kwacha has appreciated slightly against the dollar helped by inflows from corporates looking to meet their mid-month taxes amid subdued Energy importer demand in the local market. This is according to Barclays Bank Zambia daily market update. At 08:30 hours, the bank said, commercial banks quoted the local unit at K11.96/12.01 per dollar, compared […]
MARKET activity was relatively sluggish with the Kwacha holding firm for a third straight day against the dollar, Barclays Bank Zambia has said. In its daily market update, the bank indicated that the local currency closed the market at K11.88/93. Barclays explained that the local unit traded flat in both the morning and afternoon sessions […]
Communications and Transport Minister Brian Mushimba has appealed to Zambians to fully support the transformation that is currently taking place at Zamtel. Mr Mushimba noted that Government through Zamtel is making huge investments such as the construction of 1009 communication towers across the country at a cost of US$280 million. He said the members of […]
SOUTHERN Africa Centre for Constructive Resolution of Dispute (SACCORD) Executive Director Boniface Cheembe has emphasised the need for an international Indaba to demystify China trade in Zambia. And Operation Young Vote (OYV) Executive Director Guess Nyirenda says if the access to information bill was in place, the riots that were sparked by the alleged […]
CHIBAMBA Kanyama says the reason why there are many speculations about the ZAFFICO issue is because there are hidden values that have not been made public by Government. Mr Chibamba whose a renowned economist said in an interview that the listing of ZAFFICO shares is a good transaction that has just been politicised. “I think […]
PLANS to setup the Centre for Nuclear Science and Technology (CNST) to be constructed by Russian state owned nuclear corporation, Rosatom has cheered a Renewable Energy Expert. Dr Sichilalu, who is University of Zambia (UNZA) Great East Campus lecturer of Chemical Engineering, says the facility will boast a wide range of applications of radiation technologies […]
Total annual export earnings from copper amount to between US$6 billion and US$8 billion but Government only receives between US$300 million and US$600 million. Minister of Mines and Minerals Development Richard Musukwa said the justification for increasing the mineral royalty on copper is because Government receives low revenue from the mining sector. The increase will […]