China Gives Zambia 85 Billion Kwacha Grant

Zambia has signed a 15.8 million dollars economic and technical corporation grant agreement with China. The two countries have also signed five bilateral exchanges of notes which will cover the implementation of the technical corporation for the Agriculture Technology demonstration center, provision of solar mobile system and support to the Confucius institute at the University […]

MTN Rated Africa’s Most Valuable Brand

MTN has again emerged as Africa’s most valuable brand for two years ruinning, after moving up 12 places to 188th position in the world’s rankings. MTN was Africa’s only company in the Brand Finance Global 500 grading, and this is the second year running . The improvement indicates MTN’s growing prominence and continued presence in […]

World Bank MD Tips Zambia On Economic Development

Visiting World Bank Managing Director Sri Mulyani Indrawati has observed that for Zambia to develop its economy, policy implementation should be a core factor. Ms. Indrawati says the World Bank will always remain supportive to the Zambian government’s efforts in policy implementation. She has also called on the need to rejuvenate the economy in the […]

ZRA Declares War On Tax Evaders

The Zambia Revenue Authority (ZRA) has declared war against tax evaders in the country. ZRA Commissioner General Berlin Msiska says tax evasion is one of the major challenges that the commission faces in tax collection. Mr. Msiska explains that the commission is currently making its operations more efficient by sealing loopholes for tax evasion. He […]

Weak Kwacha Source Of Concern

The negative perception that people have especially towards foreign investors has contributed to the continued weakening of the Kwacha, Lusaka financial analyst Maambo Hamaundu has said. The Kwacha has been depreciating for the past few months and has been a source of worry and a rather disturbing factor towards the country’s economic development. The Kwacha […]

Over Dependency On Mining Has Adversely Affected Zambia’s Economy

The Zambia Union of Financial Institutions and Allied Workers (ZUFIAW) has observed that over dependence on mining as a mainstay of the economy has impacted adversely on other sectors. Union president Cephus Mukuka has told Qfm news that government needs to apply a policy framework that will revamp other economic sectors.Mr. Mukuka says the country […]

Standard Chartered Bank Profits SOAR

Standard Chartered PLC has announced a ninth consecutive year of record profits and income in 2011. According to the reports, Its continued performance is underpinned by strong capital and liquidity and multiple sources of income across the faster-growing markets of Asia, Africa and the Middle East. The bank reports that the Income was up 10 […]

Egyptian Investment In Zambia To Increase

Egyptian Ambassador to Zambia Salah Al Sadek says the investment by Egyptian businesses into Zambia is likely to experience an upward trend. Speaking in an exclusive interview with Qfm, ambassador Sadek said the increase will be attributed to the conducive environment that government has created for foreign investment. He has further explained that the stance […]

Africa Targets Free Trade Area By 2017

Africa will target the establishment of a continental free trade area by 2017, said a document issued at the closing of the 18th summit of the African Union (AU) Tuesday. “The Continental Free Trade Area (CFTA) should be operationalised by the indicative date of 2017,” said the document. The AU has made a three-step plan […]

JANUARY Inflation Rate Declines To 6.4 Percent

The annual rate of inflation for January, 2012 has been recorded at 6.4 percent. The January inflation rate is based on the new methodology and software for data processing. Acting CSO director William Makaya says of the total 6.4 percent annual inflation rate recorded in January, 2012, food, non alcoholic products and non-food products accounted […]

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