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,...
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...
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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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...
“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...
IN the modern world, every government aims at maximising the welfare of its country and it requires a number of infrastructural, economic and social welfare activities. All these activities require huge expenditure to be incurred. This requires appropriate...
STANBIC Bank Zambia will continue with its commitment of driving local business and industry growth through the provision of customer-centric services, says the bank’s head of personal and business banking Mukwandi Chibesakunda. Ms Chibesakunda said the...
EVIDENCE shows that extractive sector-dependent countries such as Zambia are the most venerable to illicit financial flows, according to the Financial Intelligence Centre. FIC assistant director, Clement Kapalu, said in an interview that such countries...
LACK of a single account for revenue from the mines has made it difficult to trace areas which it is being utilised for, the Extractive Industry Transparency Initiative has observed. EITI Zambia head, Siforiano Banda, said in an interview that mining...
THE Financial Sector Deepening Zambia (FSDZ) intends to form 1,000 savings groups countrywide through an initiative called master training programme aimed at promoting financial inclusion in Zambia, says senior officer (savings group) Chipili Mwaba. Ms...
THE Civil Society for Poverty Reduction (CSPR) has called on the incoming government after the August 11 elections to focus on poverty reduction. It has also implored political parties which will lose the elections to accept defeat and avoid causing confusion...
NATIONAL Savings and Credit Bank (NATSAVE) has lent out K16 million to 300 farmers countrywide through a memorandum of understanding (MoU) signed with the Zambia National Farmers Union (ZNFU). NATSAVE managing director Cephas Chabu said that access to...
THE Zambia Weights and Measures Agency (ZWMA) has fined National Milling Company and APG Milling in Lusaka K60,000 and K71,000 respectively for offloading underweight mealie meal on the market. Selling underweight mealie meal is punishable under Section...
THE New Partnership for Africa’s Development Infrastructure Project Preparation Facility (NEPAD-IPPF) has approved US$3.88 million in grants to the governments of Zambia, the Democratic Republic of Congo (DRC) and Mozambique to finance the completion...
THE World Bank has disbursed US$13.45 million for agriculture productivity programme in Zambia, Malawi and Mozambique and other Southern African countries. The project, called Regional Agricultural Productivity Programme for Southern Africa (APPSA), was...
THE performance of Zambia’s Eurobonds on the African bond market has remained attractive with investors offering more than US$10 billion for each of the three. Market assessment by the Ministry of Finance indicated that as of February 1st 2017, investors...
