‘Indeni Full Production To Resume Soon’

‘Indeni Full Production To Resume Soon’

GOVERNMENT says the production of fuel at Indeni Petroleum Refinery in Ndola will come to full capacity over the next four days. Minister of Mines, Energy and Water Development Christopher Yaluma says Government has devised interim measures to sustain fuel supply and end the petrol shortage experienced in some parts of the country, over the […]

Zamtel, Barclays Bank Seal K16 Billion Switch Deal

Zamtel, Barclays Bank Seal K16 Billion Switch Deal

ZAMTEL has signed a K16.4 billion service deal with Barclays Bank Zambia (BBZ) to enhance technology in all the bank’s 55 branches countrywide. BBZ managing director Saviour Chibiya says the two- year deal will result in Zamtel supplying and maintaining the multi-protocol label switching (MPLS) networks connecting all Barclays’ main centres and automated teller machines […]

Kwacha On An Upward Swing

Kwacha On An Upward Swing

By KALONDE NYATI THE Kwacha is slowly gaining ground after the market witnessed United States dollar (US$) inflows on the market, financial analysts have said. Standard Chartered Bank said the local unit is expected to hold between K5,270 and K5,370 yesterday (Monday) due to the US$ inflows which are trickling in the market. According to […]

Copper Should Be Processed Locally, Maintains Sichinga

Commerce Trade and industry minister Bob Sichinga says he has no apologies to make over his statement in which he suggested that there is need for the country to start processing copper locally. Mr. Sichinga says as long as remains minister in charge of commerce he will ensure will continue to push for the establishment […]

Cancellation Of Kuomboka To Affect Tourism Revenue

  Deputy Minister of Foreign Affairs and Tourism, Effron Lungu says  the cancellation of this year’s Kuomboka Ceremony of the Lozi people in Western Province will negatively impact on the flow of tourists into Zambia, he says incomes derived from the influx of tourists will decline as a result of not holding the famous Kuomboka […]

Zambia,MCC Sign K1.8 Trillion Compact

Government has signed a 355 million United States Dollars approximately K1.8 trillion compact with the Millennium Challenge Corporation (MCC) for the improvement of water, sanitation and drainage systems in Lusaka. Finance Minister Alexander Chikwanda signed on behalf of the Zambian government while Daniel Johannes signed on behalf of the MCC. The compact is expected to […]

LuSE Index Drops

THE Lusaka Stock Exchange (LuSE) all-share index closed last week at 3,920.71 points down by 0.03 percentage point from 3,921.80 points. On a year to date in Kwacha terms, the index dropped by 1.11 percent. According to LuSE weekly stock news for May 4, 2012, the index which measures the performance of stocks on the […]

Mine stakeholders oppose State’s plan to ban raw copper exports

GOVERNMENT’s plans to ban the export of raw copper is expected to be highly discriminatory against the mining industry and undermine the integrity of Zambia as an investment destination, Chamber of Mines of Zambia (CMZ) and Association of Zambian Mineral Exploration Trade and Industry (AZMEC) have said. CMZ president Frederick Bantubonse and AZMEC president Gilbert […]

FRA Sells Maize Worth $42 Million To Zim

The Food Reserve Agency has signed a contract for the sell of 300,000 metric tonnes of maize with Sakunda Trading of Zimbabwe at a contract price of USD42.5 million. FRA Public Relations officers Mwamba Siame has disclosed in a statement to QFM News that the Maize will mainly be uplifted from Eastern, Northern and Southern […]

Zambia, Saudi Arabia Sign K62 Billion Road Deal

Zambia, Saudi Arabia Sign K62 Billion Road Deal

The Zambian Government has signed a 12 million United States dollars loan agreement equivalent to K62.4 billion with the Saudi Fund for Development of the kingdom of Saudi Arabia for the Kalabo-Sikongo-Angola border road project. The Kalabo-Sikongo-Angola road project will be implemented at a total cost of 54 million United States dollars. Of the 54 […]

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