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 is this year expected to spend K9 million to purchase additional laboratory and information technology (IT) equipment for the Geological Survey Department (GSD) at the Ministry of Mines and Minerals Development (MMMD). The equipment would be...
ABOUT 400 business delegates from 30 African countries are expected to attend the 2017 8th Ease of Doing Business Initiative (EDBI) conference which Zambia is hosting in Livingstone from 15th to 19th May. The conference, to be held under the theme “Opportunities...
THE Kwacha on Monday broke the K9.300 per dollar psychological barrier, a level last seen in April 2016, when it touched a high of K9.200 / 9.250 on Interbank. The local currency posted further gains against the dollar during Monday's trading session....
THE shrinking of the regional agricultural market is likely to impact on prices for commodities such as maize and soya beans during the 2017/2018 marketing season, Centre for Trade Policy and Development (CTPD) has observed. CTPD acting executive director,...
A TOMATO processing plant worth US$1.5 million planned for Lusaka by the Zambia Cooperative Federation (ZCF) will be commissioned this year. ZCF director general, James Chirwa, said plans to set up the tomato processing plant had advanced, saying the...
AFFORDABLE interest rates on loans and advances is cardinal in improving cash flows in an economy, thereby encouraging investments, a senior research fellow at the Zambia Institute for Policy Analysis and Research, (ZIPAR) Caesar Cheelo has said. Mr Cheelo...
TALKS between Government and the International Monetary Fund (IMF) for a possible economic bailout programme will soon be concluded with about 95 percent work done, the Ministry of Finance has announced. And the ministry has announced that the IMF team...
THE cost of borrowing and servicing loans in Zambia is expected to reduce following the Bank of Zambia’s (BoZ) decision to cut its benchmark lending rate by 150 basis point. The BoZ has reduced its monetary policy rate to 12.5 percent from the previous...
MPULUNGU Harbour Corporation handled 38,090 metric tonnes of exports during the first quarter of 2017 compared to 15,931 MT in the same period in 2016. The harbour is wholly owned by Government and manages the Mpulungu port on Lake Tanganyika. The port...
BUSINESSES should utilise the Electronic Fund Transfer (EFT) mode for any invoices above K25,000 following the limits on cheques put in place by the Central Bank, says Bankers Association of Zambia (BAZ). According to the Item Value Unit issued by the...
GOVERNMENT’S submission for an International Monetary Fund (IMF) supported programme is still solid and things will go as planned, Minister of Finance, Felix Mutati, has said. Mr. Mutati explained that an IMF programme was fundamentally framed on the...
THE Zambia Revenue Authority (ZRA) has collected K719.22 million with income tax and Value Added Tax (VAT) accounting for 72 percent from the on-going Amnesty on interest and penalties which was launched in April this year. And the ZRA has announced that...
COPPER prices are on the ascent with a tonne trading at $6, 407.50 owing to the latest Chinese trade data and genuine excitement among investors over worldwide growth and capacity cuts. The price of copper has reached one of its highest level since May...
THE shape of the 2018 national budget has been formed following the overwhelming response from stakeholders who have continued to make submissions on the plan, says Finance Minister Felix Mutati. And the minister disclosed that the 2018 national budget...
ZAMBIA’S climate resilient livestock management project with an estimated value of US$6,210,000 is in the pipeline following support from the African Development Bank (AfDB) pending approval. This project is under AfDB’S ongoing Livestock Infrastructure...
VISA, a leader in global payments, is set to launch a mobile-based application in Zambia during the second quarter of 2018 which facilitates expenses by scanning the Quick Response (QR) code displayed on the Smartphone. The application called M-VISA is...
COMPLIANCE levels on filing returns by large taxpayers has in the second quarter of the year increased to 77.1 percent from the 65.5 percent recorded in the first quarter of the year under review, Zambia Revenue Authority (ZRA) has announced. ZRA director...
GOVERNMENT has said the introduction of maize exports has boosted Zambia's trade to the Great Lakes Region with volumes increasing to 15,899.59 tonnes in August 2017 from 13,474.70 tonnes the previous months. This came to light when Transport and Communications...
THE Zambia Development Agency (ZDA) has recorded about US$12 billion investments pledges and about 29, 000 projected employment in the first half of 2017. The ZDA’s performance during the first half of the year 2017 has recorded an increase in both value...
OVER K6.4 billion is estimated to be circulating outside the banking sector because Zambia is a cash economy thereby creating a shortage of funds for productive sectors, says the Bankers Association of Zambia (BAZ). A cash economy is where goods and services...
YIELDS on Government securities, particularly the bonds, last week edged higher by over 3 percent owing to reduced liquidity in circulation. And the Kwacha is this week expected to trade in the range of K10.000-K10.050 against the dollar with a biased...
A CONSORTIUM of Italian and French investors have set aside US$2o million to set up a tin mine in Southern Province. Operations for the Daled Tin Ore are set to kick start in the second week of November while full production was expected to start in January...
INDO-ZAMBIA Bank (IZB) says it is optimistic Government will successfully acquire the US$1.3 billion package from the International Monetary Fund (IMF) owing to positive local economic indicators. IZB managing director, Maheshkumar Bansal, said positive...
DESPITE Zambia and Zimbabwe being Africa’s pioneers in establishing a One-Stop-Border Post (OSBP) - the Chirundu border, the two countries have not been able to fully realise the benefits that comes with such an important facility. OSBP aim to eliminate...
AN International Monetary Fund (IMF) programme will provide the Zambian government with a policy anchor for its reform agenda and secure other sources of long-term external financing, says Fitch, a global credit rating agency. And the agency has rated...
