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.
The issue of subsidies is a delicate and complex one as they are introduced by governments for reasons considered to be valid.GOVERNMENTS across the world have identified ways of helping their citizens by introducing means which lead to an affordable...
THE World Bank (WB) will spend US$65.6 million to reduce environmental health risks to the local population in critically polluted copper mining areas on the Copperbelt. The US$ 65.6 million project was approved on December 16, 2016, and is expected to...
DEPOSITORS should ensure they check a bank’s balance sheet before opening an account with a financial institution to avoid losing money once the financial institution collapses, Professor Oliver Saasa has warned.Prof Saasa said in interview that much...
ZAMBIA and other emerging export markets are expected to expand by 2.3 percent in 2017 as prices gradually recover, the World Bank has projected. The World Bank explains that the economic expansion was expected as commodity prices gradually recovered...
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...
…but UNCTAD says it’s moderate and capable of being serviced THE Zambian Government is still in a position to service its internal and external debt of US$9.75 billion as it is among the African countries which are in the moderate debt risk distress category....
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
FIRST National Bank (FNB) Zambia has anticipated more stimulated economic recovery following the decision by the Bank of Zambia (BoZ) to inject cheap credit for the private sector by reducing the policy rate and statutory reserve ratio by 75 as well as...
THE banking industry has set a record and showed how resilient it is with the reopening of Zambia Industrial Commercial Bank Limited (ZICB). Bankers Association of Zambia (BAZ) chief executive officer, Leonard Mwanza, said reopening ZICB was a record...
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...
HIGH minimum balances being imposed on customers by commercial banks have continued to be a hindrance to the uptake of financial access in Zambia, says Kenyan former Bank governor, Njuguna Ndung'u. Dr. Ndung'u emphasized that high minimum balances had...
THE Bank of Zambia (BoZ) has challenged commercial banks to reduce lending rates and service charges. The charges which have remained relatively high and therefore counterproductive to the financial inclusion agenda. This follows the recent reduction...
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...
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...
