EXTERNAL DEBT INCREASES BY 2.5 PERCENT
Finance and National Planning Minister Situmbeko Musokotwane has revealed that Zambia’s stock of external debt increased by 2.5 percent to 13.36 billion dollars from 13.04 billion dollars. Speaking during the…
COMPANY EVADES MORE THAN K18 MILLION TAX
The Economic and Financial Crimes Court has found Santorin Investments Limited Company and its Director Victor Mwansa aged 33 with a case to answer on 112 counts of tax offences.…
FISP DISTRIBUTION STILL IN A MESS
About fifty percent of the 14,000 beneficiaries of the 2022- 2023 Farmer Input Support Program- FISP in Kazungula, are yet to receive inputs. Many are still waiting for the top…
SMEs PANIC OVER ADJUSTED 12 HOUR LOADSHEDDING
The implementation of the 12-hour loadshedding by ZESCO has sent fears on the operation of Small and Medium Enterprises (SMEs). In Solwezi District some SMEs in the alcohol industry are…
NWCCI COUNSELS GOVT ON KASENSELI
Stakeholders in the business sector have urged government to formulate a business module, that will allow Kasenseli Gold Mine in Mwinilunga District, to operate as a profitable entity. North Western…
ZAMBIA IN 4 BILLION KWACHA FISCAL DEFICIT
The Zambia Institute for Policy Analysis and Research (ZIPAR) has disclosed that the country’s fiscal deficit stood at 29.2 billion kwacha from the budgeted 25.2 billion kwacha in 2022. Institute…
BRAZILIAN INVESTOR EYES ZAMBIAN AGRICULTURE SECTOR
The Embassy of the Republic of Zambia in Brasilia has urged Brazil’s top manufacturer of agricultural equipment, AGCO to consider extending its investment into Zambia. Speaking after a factory tour…
FINANCIAL FRAUD COSTS TREASURY K277 MILLION
The Drug Enforcement Commission has revealed that it has received twenty-six cases of money laundering, involving two-hundred-and-seventy-seven-million kwacha from 2020 to date. DEC Deputy Regional Commanding Officer, Northern Province, Mathias…
DIAMOND MEDIA, BETIKA INK $20,000 WORLD CUP DEAL
Diamond Media and Betika have inked a whopping $20, 000 sponsorship towards airing and rights acquisition of the FIFA 2022 Qatar World Cup. Betika Country Manager Caristo Kanyembo says the…
PAC GRILLS MoF PS OVER $45 MILLION LOAN TO KCM
On 6th May 2021, the Government agreed to lend Konkola Copper Mines a total of 45 million US dollars of which the government remitted 1 billion Kwacha. According to the…