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        <title><![CDATA[Buumba.over-blog.com]]></title>
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        <description><![CDATA[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.]]></description>
                    <item>
    <title><![CDATA[‘Nuclear technology can boost Zambia’s exports’]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/07/nuclear-technology-can-boost-zambia-s-exports.html]]></link>
    <guid>https://buumba.over-blog.com/2018/07/nuclear-technology-can-boost-zambia-s-exports.html</guid>
    <pubDate>Fri, 27 Jul 2018 15:29:01 +0200</pubDate>
    <description><![CDATA[ZAMBIA can become a major supplier of agricultural products and exporter of electricity if it embraces of the use of nuclear technology, says Economist Lubinda Haabazoka. Dr Haabazoka said in an interview that some agricultural products could not make... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[ZRL revenue swells]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/07/zrl-revenue-swells.html]]></link>
    <guid>https://buumba.over-blog.com/2018/07/zrl-revenue-swells.html</guid>
    <pubDate>Fri, 27 Jul 2018 15:21:02 +0200</pubDate>
    <description><![CDATA[A TOTAL of K55.09 million revenue was realised from freight, passenger and real estate activities by the Zambia Railways Limited (ZRL) during the first quarter of this year. ZRL Chief Executive Officer, Christopher Musonda, said the parastatal recorded... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Beef, honey added to Saudi deal]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/07/beef-honey-added-to-saudi-deal.html]]></link>
    <guid>https://buumba.over-blog.com/2018/07/beef-honey-added-to-saudi-deal.html</guid>
    <pubDate>Fri, 27 Jul 2018 15:16:26 +0200</pubDate>
    <description><![CDATA[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... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Zambia, Angola trade volumes low]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/05/zambia-angola-trade-volumes-low.html]]></link>
    <guid>https://buumba.over-blog.com/2018/05/zambia-angola-trade-volumes-low.html</guid>
    <pubDate>Fri, 04 May 2018 11:19:44 +0200</pubDate>
    <description><![CDATA[ZAMBIA'S exports to Angola have remained significantly low with the country exporting goods worth K20 million the whole of last year, says Ministry of Commerce, Trade and Industry Permanent Secretary Kayula Siame. Ms Siame said therefore that there was... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[ZRA awaits FQM response over K76.5bn claim]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/05/zra-awaits-fqm-response-over-k76.5bn-claim.html]]></link>
    <guid>https://buumba.over-blog.com/2018/05/zra-awaits-fqm-response-over-k76.5bn-claim.html</guid>
    <pubDate>Fri, 04 May 2018 11:19:04 +0200</pubDate>
    <description><![CDATA[THE Zambia Revenue Authority (ZRA) is still waiting for a response from First Quantum Minerals (FQM) over the K76.5 billion assessment of duties regarding the import of capital items, authority Corporate Communications Manager Topsy Sikalinda has said.... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[930 tonnes of sugar dumped in Zambia monthly]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/05/930-tonnes-of-sugar-dumped-in-zambia-monthly.html]]></link>
    <guid>https://buumba.over-blog.com/2018/05/930-tonnes-of-sugar-dumped-in-zambia-monthly.html</guid>
    <pubDate>Fri, 04 May 2018 11:18:01 +0200</pubDate>
    <description><![CDATA[OVER 930 tonnes of sugar is currently being smuggled into Zambia on a monthly basis through various border posts. The illegal trend has caused price distortion and compromised product quality on the market. Zambia Sugar plc managing director, Rebecca... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[ZAMBIA SET TO REDUCE DEFICIT - ECONOMIST]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/04/zambia-set-to-reduce-deficit-economist.html]]></link>
    <guid>https://buumba.over-blog.com/2018/04/zambia-set-to-reduce-deficit-economist.html</guid>
    <pubDate>Tue, 03 Apr 2018 15:54:35 +0200</pubDate>
    <description><![CDATA[ZAMBIA’S fiscal deficit is expected to reduce immensely this year due to the slowdown in acquiring new loans by Government, economist Lubinda Haabazoka has predicted. Recently, the Southern Africa Economic Outlook 2018 also indicated that Zambia is among... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[ZANACO SET FOR TOP-FLIGHT SERVICES]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/04/zanaco-set-for-top-flight-services.html]]></link>
    <guid>https://buumba.over-blog.com/2018/04/zanaco-set-for-top-flight-services.html</guid>
    <pubDate>Mon, 02 Apr 2018 12:10:39 +0200</pubDate>
    <description><![CDATA[Zambia National Commercial Bank (ZANACO) is set for a re-launch this month-end to become the top transactional and digital institution in the country by 2020, company managing director and chief executive officer, Henk Mulder, has announced. And the bank... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[Mushimba challenges aviation sector players]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/03/mushimba-challenges-aviation-sector-players.html]]></link>
    <guid>https://buumba.over-blog.com/2018/03/mushimba-challenges-aviation-sector-players.html</guid>
    <pubDate>Mon, 26 Mar 2018 12:43:09 +0200</pubDate>
    <description><![CDATA[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... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[Zambia’s US$40m mill-balls firm targets export market]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/03/zambia-s-us-40m-mill-balls-firm-targets-export-market.html]]></link>
    <guid>https://buumba.over-blog.com/2018/03/zambia-s-us-40m-mill-balls-firm-targets-export-market.html</guid>
    <pubDate>Fri, 02 Mar 2018 13:34:37 +0100</pubDate>
    <description><![CDATA[ZAMBIA will soon be exporting mill-balls used by mines in crushing ore following the construction of a US$40 million manufacturing facility which is nearing completion in Kalumbila. The plant meant to start operations this year will be producing high-quality... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[Maintenances of govt vehicles to be regulated-Mutati]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/03/maintenances-of-govt-vehicles-to-be-regulated-mutati.html]]></link>
    <guid>https://buumba.over-blog.com/2018/03/maintenances-of-govt-vehicles-to-be-regulated-mutati.html</guid>
    <pubDate>Fri, 02 Mar 2018 13:33:07 +0100</pubDate>
    <description><![CDATA[GOVERNMENT will in the next three months finalise the formulation of the transport policy and implement a freight management system which will regulate the maintenance of State vehicles currently costing Zambia K2 billion annually. This policy and freight... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[APRICA Investments puts US$2m in its Zambian subsidiary]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/03/aprica-investments-puts-us-2m-in-its-zambian-subsidiary.html]]></link>
    <guid>https://buumba.over-blog.com/2018/03/aprica-investments-puts-us-2m-in-its-zambian-subsidiary.html</guid>
    <pubDate>Fri, 02 Mar 2018 13:32:11 +0100</pubDate>
    <description><![CDATA[APRICA investments, a subsidiary of Swan Insurance of Mauritius has acquired 85 percent shares of Diamond General Insurance (DGIL) and has since invested US$1.8 million to recapitalise the company. And the company has announced that it will in the next... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[US$10m beans plant set for Mbala ]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/02/us-10m-beans-plant-set-for-mbala.html]]></link>
    <guid>https://buumba.over-blog.com/2018/02/us-10m-beans-plant-set-for-mbala.html</guid>
    <pubDate>Fri, 23 Feb 2018 13:03:06 +0100</pubDate>
    <description><![CDATA[MBALA will by next year begin exporting beans to neighbouring countries as well as China following a plant which will be set up by the private sector in the area at a total cost of about US$10 million. This plant will also provide a readily market for... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[Interest rates on all loans linked to monetary policy rate to fall-BAZ]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/02/interest-rates-on-all-loans-linked-to-monetary-policy-rate-to-fall-baz.html]]></link>
    <guid>https://buumba.over-blog.com/2018/02/interest-rates-on-all-loans-linked-to-monetary-policy-rate-to-fall-baz.html</guid>
    <pubDate>Fri, 23 Feb 2018 13:02:09 +0100</pubDate>
    <description><![CDATA[INTEREST rates on all loans linked to the monetary policy rate are expected to scale down by 50 basis points following the Bank of Zambia’s decision to cut lending rates for the fifth consecutive time, to the lowest in four years. And First National Bank... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[State launches new strategy to tackle debt crisis]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/02/state-launches-new-strategy-to-tackle-debt-crisis.html]]></link>
    <guid>https://buumba.over-blog.com/2018/02/state-launches-new-strategy-to-tackle-debt-crisis.html</guid>
    <pubDate>Fri, 23 Feb 2018 13:01:22 +0100</pubDate>
    <description><![CDATA[GOVERNMENT is currently developing a new strategy to ensure the country’s debt distress is moderate over the medium term to help re-engage IMF, Minister of Finance, Margaret Mwanakatwe, has said. Ms. Mwanakatwe explained that the new strategy was also... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[ZCM rejects transfer mispricing claims ]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/01/zcm-rejects-transfer-mispricing-claims.html]]></link>
    <guid>https://buumba.over-blog.com/2018/01/zcm-rejects-transfer-mispricing-claims.html</guid>
    <pubDate>Fri, 12 Jan 2018 13:01:24 +0100</pubDate>
    <description><![CDATA[THE Zambia Chamber of Mines (ZCM) says it is concerned by the number of unsupported accusations that have been levelled at the mining industry in recent months. ZCM president Nathan Chishimba said the allegations which the mines had received were general... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[ZRA exceeds 2017 income by K1,500m]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/01/zra-exceeds-2017-income-by-k1-500m.html]]></link>
    <guid>https://buumba.over-blog.com/2018/01/zra-exceeds-2017-income-by-k1-500m.html</guid>
    <pubDate>Fri, 12 Jan 2018 12:58:32 +0100</pubDate>
    <description><![CDATA[THE Zambia Revenue Authority (ZRA) has exceeded its 2017 revenue collection target by over K1, 500 million largely driven by positive performance by the domestic Value Added Tax (VAT) as well as the tax amnesty exercise which were introduced during the... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[5 insurance firms face chop …as they fail to meet minimum paid up capital]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/01/5-insurance-firms-face-chop-as-they-fail-to-meet-minimum-paid-up-capital.html]]></link>
    <guid>https://buumba.over-blog.com/2018/01/5-insurance-firms-face-chop-as-they-fail-to-meet-minimum-paid-up-capital.html</guid>
    <pubDate>Thu, 11 Jan 2018 14:57:06 +0100</pubDate>
    <description><![CDATA[FIVE insurance companies will not have operating licences for this year following the failure to meet the required minimum capital requirement whose deadline was on 31st October, 2017. The entities are currently being assessed and a decision will soon... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[ZABS exceeds 2017 goals]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/01/zabs-exceeds-2017-goals.html]]></link>
    <guid>https://buumba.over-blog.com/2018/01/zabs-exceeds-2017-goals.html</guid>
    <pubDate>Tue, 02 Jan 2018 10:44:45 +0100</pubDate>
    <description><![CDATA[THE Zambia Bureau of Standards (ZABS) has exceeded its product testing for 2017 by 5, 032, meaning most of the products that were sold to consumers were tested thus increasing the conformity levels and giving consumers quality merchandises. During the... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
    </item>
                    <item>
    <title><![CDATA[State launches EU-funded SADC trade project]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/01/state-launches-eu-funded-sadc-trade-project.html]]></link>
    <guid>https://buumba.over-blog.com/2018/01/state-launches-eu-funded-sadc-trade-project.html</guid>
    <pubDate>Tue, 02 Jan 2018 10:44:08 +0100</pubDate>
    <description><![CDATA[GOVERNMENT has started implementing the €1, 400, 000 European Union-funded Southern African Development Community (SADC) Trade Related Facility (TRF) project for Zambia meant to among others, develop key position on trade. The project with two-year duration... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[‘Indaba’ predicts another bumper maize crop]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/01/indaba-predicts-another-bumper-maize-crop.html]]></link>
    <guid>https://buumba.over-blog.com/2018/01/indaba-predicts-another-bumper-maize-crop.html</guid>
    <pubDate>Tue, 02 Jan 2018 10:42:41 +0100</pubDate>
    <description><![CDATA[WITH the forecasted good rains, Zambia is likely to produce another bumper maize crop in the 2017/2018 production season, the Indaba Agricultural Policy Research Institute (IAPRI) has predicted. According to IAPRI, this development will come after the... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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                    <item>
    <title><![CDATA[‘Let’s market minerals locally to enjoy high copper prices’]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2018/01/let-s-market-minerals-locally-to-enjoy-high-copper-prices.html]]></link>
    <guid>https://buumba.over-blog.com/2018/01/let-s-market-minerals-locally-to-enjoy-high-copper-prices.html</guid>
    <pubDate>Tue, 02 Jan 2018 10:41:26 +0100</pubDate>
    <description><![CDATA[WITH copper prices at their highest, Government has been urged to urgently localise the marketing of all minerals and link exports earnings to local banks for money to remain in Zambia for the country to benefit from the high costs. The Economic Association... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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    <title><![CDATA[Finance Ministry discards manual LPOs]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2017/12/finance-ministry-discards-manual-lpos.html]]></link>
    <guid>https://buumba.over-blog.com/2017/12/finance-ministry-discards-manual-lpos.html</guid>
    <pubDate>Fri, 29 Dec 2017 11:17:31 +0100</pubDate>
    <description><![CDATA[THE Ministry of Finance has announced that it will no longer make Treasury Single Account payments to suppliers of goods and services who turn-up with manually generated purchase orders, those that are handwritten. This means that manually generated Local... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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    <title><![CDATA[‘Born again’ ZA targets $500m income from ticket sales]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2017/12/born-again-za-targets-500m-income-from-ticket-sales.html]]></link>
    <guid>https://buumba.over-blog.com/2017/12/born-again-za-targets-500m-income-from-ticket-sales.html</guid>
    <pubDate>Fri, 29 Dec 2017 11:16:40 +0100</pubDate>
    <description><![CDATA[AN estimated US$500 million of revenue is expected to be generated from the revived Zambia Airways which will hit the skies mid-2018 through air ticket sales. The US$500 million will be retained in the domestic economy, thereby providing more revenue... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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    <title><![CDATA[State won’t budge over sinking fund]]></title>
    <link><![CDATA[https://buumba.over-blog.com/2017/12/state-won-t-budge-over-sinking-fund.html]]></link>
    <guid>https://buumba.over-blog.com/2017/12/state-won-t-budge-over-sinking-fund.html</guid>
    <pubDate>Fri, 29 Dec 2017 11:15:55 +0100</pubDate>
    <description><![CDATA[GOVERNMENT is determined to set up a sinking fund to refinance the Eurobonds despite concerns from the World Bank that the approach will not work following Zambia’s large fiscal deficits. Government announced that it has set aside US$20 million for the... ]]></description>
        <dc:creator><![CDATA[Buumba Chimbulu]]></dc:creator>
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