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.
GOVERNMENT should seriously consider lowering taxes to encourage compliance to tax laws, says Zambia Chamber of Commerce and Industry (ZACCI) president Geoffrey Sakulanda. Mr Sakulanda said currently Government operated on the basis that it wanted to...
OBSESSION with international investors who pay low mineral taxation to Government has led to Zambia almost giving away the natural resources for free, says former Bank of Zambia governor Dr Caleb Fundanga. Dr Fundanga said most of African countries tax...
ZAMBIA is among 16 African countries to benefit from the four agriculture and forestry sector risk participations amounting to US$62 million under the Private Sector Credit Enhancement Facility (PSF) approved by the African Development Fund (ADF). The...
BROADER financial inclusion and services cannot only benefit the poor, but also coincides with greater local economic activity and decreased economic inequality at the macro-economic level. Financial inclusion is a delivery of financial services at affordable...
THE new Taxpayer Identification Number (TPIN) requirement should be removed from the 2017 national Budget to allow the industry consult with the Zambia Revenue Authority (ZRA), the Bankers Association of Zambia (BAZ) has said. The TPIN is a unique 13-digit...
A MEALIE meal deal between Zambia and the Democratic Republic of Congo (DRC) yesterday failed to take place after Minister of Agriculture, Dora Siliya, and her permanent secretary Julius Shawa failed to ink the memorandum of understanding (MoU) in unclear...
ZAMBIA’S copper production for 2016 is expected to hit 740, 000 tonnes, mainly supported by greenfield mining projects, says the Zambia Chamber of Mines (ZCM). ZCM acting chief executive officer, Talent Ng’andwe, explained in an interview that greenfield...
GOVERNMENT will formally write to the International Monetary Fund (IMF) to request for a financing programme once the 2017 national Budget has been approved by Parliament, Finance Minister Felix Mutati has announced. Mr Mutati said Government could not...
ZAMBIA is among the five African countries which have recently attracted huge progressive portfolio inflows by allowing foreign investors participate in government securities markets The country has also managed to attract these investments following...
GOVERNMENT should introduce a depositor protection scheme among local banks to protect investors, says the Zambia Union for Financial and Allied Workers (ZUFIAW) ZUFIAW president Ackim Mweemba said in an interview that the absence of such a scheme currently...
GOVERNMENT has reduced the export duty on unprocessed timber from K10 per kg proposed in the 2017 national Budget to K1 per kg with immediate effect.Timber Association of Zambia (TAZ) president Charles Masange said in an exclusive interview that his organisation...
GOVERNMENT spent K16.3 billion between 2011 and 2016 which was unbudgeted for on fuel, electricity and agriculture subsidies and this has drained the foreign reserves, says Ministry of Finance permanent secretary for budget Pamela Kabamba.Ms Kabamba explained...
ZAMBIA will soon receive a Euro 320 million blend finance of loans and grants for various projects from the European Investment Bank (EIB).The grant will be used for Zambia’s development needs in sectors such as energy, cash-crop agriculture, infrastructure,...
THE Citizens’ Economic Empowerment Commission (CEEC) has secured a US$ 7 million facility to fund various business loans as well as sensitisation programmes to sell various projects and business opportunities countrywide. CEEC director general Likando...
THE World Bank is currently undertaking a climate resilience project in Western Province at a total cost of US$36 million. This is in a bid to help Government to strengthen the country’s institutional framework for climate resilience and improve the adaptive...
THE requirement for all bank account holders to have a Taxpayer Identification Number (TPIN) is targeted at those who evade paying taxes by using personal accounts to conduct business, the Zambia Revenue Authority (ZRA) has clarified.ZRA commissioner...
ZAMBIA will soon receive a Euro 320 million blend finance of loans and grants for various projects from the European Investment Bank (EIB).The grant will be used for Zambia’s development needs in sectors such as energy, cash-crop agriculture, infrastructure,...
ZAMBIA is among several African countries selected to benefit from US$14.83 million approved by the New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) of eight regional projects covering energy, transport...
THE implementation of Statutory Instrument (SI) 76 which restricts movement of business and private vehicles at night has slowed down the economy and may damage the projected economic growth for 2017, says Professor Oliver Saasa. Prof Saasa, an international...
ZAMBIA provides opportunities for business prospects which is why Barclays Group has continued to support key economic sectors, says Barclays Africa chief executive officer Maria Ramos. Ms Ramos said Barclays Bank Zambia was among the top 5 markets which...
COPPER prices in the fourth quarter of 2016 rose by 10.5 percent, driven by a huge pick-up in the Chinese economy, the Bank of Zambia (BoZ) has said. BoZ Governor Denny Kalyalya said the increase in the copper prices in the period under review was also...
OVER US$1.3 million was realised from exports at the Mpulungu Harbour Corporation Limited as at December 31st 2016, company general manager Davies Kaluba has revealed. Mr Kaluba said some of the commodities exported during the period under review were...
THE Central Bank should not consider re-introduction of capping interest rates but allow the financial system to regulate itself, says economist Noel Nkhoma. Mr Nkhoma, the BetterNow Finance Limited chief executive officer, said in an interview that the...
FULL operations at the Munali nickel mine near Mazabuka, with a total investment of US$40 million, are expected to commence in June this year. Munali nickel mine is expected to produce 5, 000 tonnes of metal per annum once production commences. Operations...
THE African Risk Capacity (ARC) and the African Development Bank (AfDB) have partnered to strengthen African countries struggling with climate disasters, following the Letter of Intent (LoI) signed between the two institutions in May 2016 during the AfDB’s...
