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, K269.5Bn had been traded at a weighted average rate of 4.26%. K250Bn was on offer in the weeks Treasury bill tender. Bids totalled K203.5Bn and […]
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 its on going modernization process. ZRA assistant director Medium Tax office Northern Region Jevson Phiri disclosed this during the first ever national stakeholder engagement workshop […]
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 economic policies are materializing. Speaking to Journalists in Lusaka this morning, Dr. Musokotwane said this classification means a reduction in donor Aid to Zambia and […]
ZAMBIA’s economy has been sabotaged by the banking sector due to the bank’s failure to inject enough liquidity in circulation as a result of higher interest rates, observes the Consumer Unity Trust Society (CUTS) International. Commenting on BoZ Governor Caleb Fundanga’s concern over low competition in the banking sector, CUTS International Zambia acting coordinator Simon […]
FINANCE minister Situmbeko Musokotwane says the country has a backlog of infrastructure development that needs to be addressed immediately. Musokotwane said in interview that the government was unable to find money to offset the backlog that had characterised almost all the towns in the country hence the move to channel mining taxes towards infrastructure. He […]
ZAMBIA is yet to export maize to Kenya, says the Food Reserve Agency. In an interview, FRA marketing information coordinator Joseph Mulambu dismissed reports that the Kenyan government had rejected maize from Zambia. Mulambu said talks on maize exports to Kenya were still under way contrary to media reports that the Kenyan government had rejected […]
The United Nations Population Fund (UNFPA) says Zambia needs to work hard to ensure that the country’s population growth tallies with the growth of the economy. UNFPA country representative Duah Owusu- Sarfo says the economy is expected to triple more than the growth of the population as this is key in fighting poverty but that […]
The Bank of Zambia has dismissed media reports suggesting that it intends to introduce bank notes higher than that of K50, 000. Bank of Zambia Deputy Governor Dr. Austin Mwape told journalists at the ongoing Zambia International Trade Fair during a tour of the stand Saturday afternoon the bank of Zambia had no immediate plans […]