Welcome to my BLOGSPOT. Economic matters such as the exchange rate among others remains critical to governance in any country. As such, the media and bloggers equally have an important role to play in ensuring that checks and balances are offered to all players in economic matter. Here you will find all business related issues, including economic matters and updates. Kindly feel free to comment on any issues and help me improve where possible.
By Buumba Chimbulu THE media will forever play an integral part in the development of not only Africa, but the world at large, hence the need for innovative and effective skills to enable journalists report stories in a coherent and precise manner. However,...
TAX evasion is tantamount to committing murder and is a serious crime against the State, hence the need for tax compliance by all institutions, Zambia Revenue Authority (ZRA) commissioner general Kingsley Chanda has warned. And the Authority has warned...
GOVERNMENT will work together with the International Monetary Fund (IMF) and other cooperating partners in constructing the country’s economic recovery program, Finance Minister Felix Mutati has said. Mr Mutati said he believed that President Lungu would...
Effective tax collection system increases Government accountability to its citizens while paying for public services. BUSINESS entities and citizens are by law compelled to contribute to State income either by paying a portion of their earnings or through...
Countries with institutions that allow unfair use of resources, in which there is no accountability and transparency, are more likely to suffer misuse of national resources which in turn hinders poverty alleviation. MINING remains the backbone of Zambia’s...
Combatting money laundering requires developing very good intelligence and highly coordinated efforts. MONEY laundering is a massive global problem and a single scheme typically involving transferring money through several countries in order to obscure...
SAUDI Arabia has added beef and honey to the deal expected to be sealed early next month that will see Zambia exporting goats and sheep to that country. Government and Saudi Arabia in 2016 signed a Memorandum of Understanding for Zambia to export one...
ZAMBIA is developing guidelines that will address fundamental causes of inefficiency along transit routes because its geographical area in Africa exposes the country to high risks of transportation fraud, the Zambia Revenue Authority (ZRA) has announced....
VARIOUS stores costing K40, 000 procured in 2015 at the Ministry of Commerce, Trade and Industry were unaccounted for as there is no record of relevant documentation such as purchasing receipts and quotations. These procured items also lacked disposal...
MINISTER of Transport and Communications, Brian Mushimba, has challenged players in the aviation sector to introduce services which will support Governments’ efforts in making Zambia a transport hub in the Southern region. Mr. Mushimba said while Government...
PROFESSOR Oliver Saasa has projected economic growth of between 2 and 3.5 percent in the next 2 years at a maximum, depending on strategies put in place by the Government. In an interview in Lusaka, Professor Saasa projected that the Zambian economy which...
THE recent 6.4 percent drop in the annual inflation rate for the month of October 2016 is genuine as it has been triggered by the slow speed for prices of basic needs as compared to the same period last year, says Zambia Institute for Policy Analysis...
“THE mining sector is currently under pressure in contributing to the national treasury, hence the need for urgent diversification into other economic sectors,” Chamber of Mines acting chief executive officer, Talent Ng’andwe has said. In an interview...
A K64.5 billion budget for 2017 was yesterday unveiled by Finance Minister Felix Mutati characterised by difficult decisions aimed at restoring growth and development. And Mr Mutati has announced that Government is in the process of disengaging itself...
ALTHOUGH the African continent is well endowed with fossil fuels and renewable resources, these are not consistently distributed, creating windfall profits for some countries and worsening the crisis in others. Shortcomings in the power sector threaten...
ZAMBIA’s foreign reserves which are currently standing at US$2.4 billion are reasonable for the country’s economy, says Bank of Zambia (BoZ) governor Dr Denny Kalyalya. Dr Kalyalya said an interview that much as the central bank would be more comfortable...
SANITATION, mostly described as the promotion of health through prevention of human contact with hazards of waste, has remained one of the components required for a vigorous living in our society and this includes a hygienic and safe drainage system for...
A NEW payment system which will interlink all financial players in Zambia will soon be implemented by the Bank of Zambia (BoZ). BoZ director of banking, currency and payments department Lazarus Kamanga said the system called “National Financial Switch...
THE Citizens Economic Empowerment Commission (CEEC) has spent K16 million to establish the Mumbwa Farmers Ginning and Pressing Company Limited (MFGP) which has created 17, 000 seasonal jobs for the local people annually. CEEC head of communications and...
GOVERNMENT should introduce an export levy for maize bran to help the local industry have a readily available product, Dairy Association of Zambia (DAZ) executive manager Jeremiah Kasalo has said. Mr Kasalo said the association had submitted its 2017...
COMMERCIAL banks have contributed US$1, 862,000 towards the National Financial Switch (NFS) which is being implemented by the Zambia Electronic Clearing House (ZECHL) in collaboration with the Bank of Zambia (BoZ). Bankers Association of Zambia (BAZ)...
THE new US$2.1 billion Sentinel mine puts Zambia at the forefront of global mining technology while setting a precedent for future copper mining ventures in Zambia, says commercial manager John Dean. According to Mining for Zambia magazine, Mr Dean said...
THE new government should ensure to put in place measures which help service both international and local debt, says the Private Sector and Development Association (PSDA) chairperson Yusuf Dodia. Zambia’s external debt as at December 2015 stood at US$6.4...
ZAMBIA should target better dialogue on the economy with stakeholders to help maintain confidence from investors, the World Bank’s report on Zambia Economic Brief has stated. According to the brief, a key step includes the timely publication of a debt...
ZAMBIANS must unite and work together to grow the Zambian economy as no investor will want to put money in a country that is divided, says Lusaka-based economist Lubinda Habazoka. Dr Habazoka said in an interview that there was no country which had developed...
