Fish Industry Gets K22bn Boost

GOVERNMENT will spend over K22 billion to promote the fish industry in Zambia this year, an aquaculture expert has said. Ministry of Agriculture and Livestock aquaculture deputy director Martin Chilala said the production of fish in Zambia has remained constant over the years, hence the need for Government to enhance fish and aquaculture farming. Mr […]

MALAWI Requests Finance Bank To Urgently Return To Malawi

By Correspondent. The President of the Republic of Malawi, Mrs Joyce Banda, made a solemn plea to Finance Bank to urgently return and establish a fully-fledged bank in Malawi. She was impressed with Finance Bank Zambia and all its achievements.  She admitted that she was fully aware of (and privy to) the circumstances that led […]

Zambia, Zimbabwe Seal $4 Billion Power Deal

Zambia, Zimbabwe Seal $4 Billion Power Deal

President Michael Sata who is on a State visit to neighboring Zimbabwe yesterday together with his counterpart Robert Mugabe witnessed the signing of the MoU on co-operation to jointly construct a US$4 billion 1,650 megawatt hydro-power station at the Batoka Gorge. The two Memorandums of Understanding signed were of Co-operation in Tourism and Youth Development. […]

BoZ International Reserves Drop

ZAMBIA’s gross international reserves have dropped to US$2.317.7 billion in March from US$2.371.4 billion in February this year, says the Bank of Zambia (BoZ) . BoZ head of public relations Kanguya Mayondi says the foreign reserves declined slightly to 3.2 months of import cover in March. This means that in the event of a major […]

K100 To Be Highest Kwacha Note

The K100 note will be the highest denomination when the kwacha is rebased this June. Deputy bank of Zambia governor Dr Bwalya Ngandu announced. Dr Ngandu disclosed that the K100 note will be like a K100,000 note. The other notes will be 50 Kwacha, 20 Kwacha, 10 Kwacha, five Kwacha and two Kwacha Dr N’gandu […]

Zambia’s economy, positive – BOZ

The Bank of Zambia says the country’s economic performance in the last six months has been positive. This is despite the country witnessing a change of government about six months ago. Deputy Governor of operations Bwalya Ng’andu has told QFM news that the sustained single digit inflation rate and the positive economic growth are a […]

Government To Fire Lusaka Water And Sewerage Company Senior Directors

Government To Fire Lusaka Water And Sewerage Company Senior Directors

Senior directors from Lusaka Water and Sewerage Company whose contracts are coming to an end are living in fear that they may not be re-engaged following an indication from management  that president sata’s core mandate of paying back to  his supporters in last elections is favors and job  offers. One of the directors that spoke […]

Accelerate Awareness Campaign On Kwacha Rebasing, Government Urged

The Zambia Episcopal Conference (ZEC) has called on government to accelerate the awareness campaigns and update Zambians constantly on the progress made with regards to the rebasing of the local currency. In an interview with Qfm news in Lusaka, ZEC secretary General Father Cleophas Lungu said government must ensure that the process does not disadvantage […]

Prof Saasa Says Ban On Raw Copper Unrealistic

Local Economist Oliver Saasa says it will be unrealistic for government to ban the exportation of raw copper as it accounted for a major stake of the country’s export revenue. Reacting to Commerce, Trade and Industry Minister Bob Sichinga’s recent statement that Government will ban firms exporting raw copper as a way of encouraging value […]

Zanaco In 32% Deposits Growth

ZANACO’s has posted an impressive 32-per cent growth in its 2011 deposits with the year end figure rising to K3.4 trillion from about K2.6 trillion the previous year. Releasing the 2011 performance results, Zanaco managing director Martyn Schouten said the impressive growth in the deposits was a result of a number of creative relevant products […]

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