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.
RESERVATION schemes exist in Zambia Public Procurement Authority (ZPPA) for local contractors as a way of empowering citizens, says principal and public relations officer John Chipandwe. Mr Chipandwe said schemes were there to promote the empowerment...
ZAMBIAN Breweries will this year buy more than 3,000 tonnes of cassava from Mansa’s small scale farmers for the production of Eagle Lager, says company corporate affairs director Ezekiel Sekele. Mr Sekele said in an interview that the company bought 1,500...
CONFIDENCE in Zambia’s economy has improved in 2017 owing to measures taken to restore fiscal fitness and enhance macroeconomic stability, Minister of Finance Felix Mutati has said. Mr Mutati said such measures had triggered reasonable returns on credible...
GOVIEX Uranium, a Canadian mineral resource company, has concluded a final agreement with African Energy Resources to acquire its uranium mineral interests in Zambia. GoviEx is a Canadian mineral resource company focused on the exploration and development...
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...
GOVERNMENT with or without the International Monetary Fund (IMF) support remains responsible to deal with its debt and prudent spending as indicated by difficult reforms which have already been undertaken such as those dealing with subsidies, says Minister...
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...
DIRECTIVES on electronic money issuance aimed at creating an enabling and safe environment for automated payment systems are this year expected to be revised by the Bank of Zambia (BoZ). The central bank in 2015 issued directives on electronic money issuance...
GOVERNMENT is investing an excess of in US$1 billion in the aviation sector through the improvement of infrastructure development aimed at increasing activities in the industry, says Transport and Communication, Minister Brian Mushimba. Mr. Mushimba said...
ZAMBIA is expected to have a fourth mobile service provider by the middle of next year which is anticipated to shake up the local telecommunication industry by providing more competition to the already existing players. Zambia currently only has three...
PRELIMINARY Economic Assessment (PEA ) conducted on Zambia’s Mutanga uranium project in Chirundu has indicated positive results with the project having an after-tax net present value of US$112 million which will increase revenue collection for Government...
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...
COMMERCIAL banks’ lending to the private sector increased to K22,950.7 million in June 2017 from K22, 622.4 million recorded in March 2017, representing an upward adjustment of 1.5 percent. And the banks’ Non-Performing Loans (NPLs) as at June 2017 stood...
THE Zambia Institute and Policy Analysis Research (ZIPAR) says the country is capable of raising at least K10 billion domestically from the economy this year owing to a sound and deep financial sector. And the institution has said Pay As You Earn (PAYE)...
GOVERNMENT will roll out the Output Based Budget (OBB) aimed at transitioning to a more performance-oriented 2018 national budget system, says Secretary to the Treasury, Fredson Yamba. OBB is a tool used in many countries to make social sector expenditure...
NON-PERFORING Loans (NPL) are what contributes to the collapse of most commercial banks as borrowers fail to pay back the money on the agreed terms, says the Bank of Zambia (BoZ) And BoZ has said the current minimum capital requirements for commercial...
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...
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...
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...
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...
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...
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...
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...
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...
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...
