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…
MOBILE MONEY AGENTS APPEAL FOR ALTERNATIVE SPACE
Mobile money booth operators in Lusaka have continued to call on government to deliver on its promise to find alternative trading spaces for them after removing their mobile money booths…
FUEL PUMP PRICES GO UP
The pump price for Petrol has been increased to K24.31 per litre while diesel has been increased to K27.38 per litre. This is according to the revised pump prices for…
ZAMBIA RECORDS OVER $3 BILLION DOLLARS WORTH OF INVESTMENT
The Zambia Development Agency (ZDA) has disclosed that 3.89 billion dollars worth of investment was actualized from 27 projects monitored in the third quarter of 2022. Speaking during a briefing…
ZAMBIA RECORDS K1.1 BILLION TRADE SURPLUS
The Zambia Statistics Agency Monthly Dissemination Bulletin for October 2022 has revealed that the country recorded a trade surplus of 1.1 billion kwacha in September 2022 compared to 3.2 billion…
ELON MUSK COMPLETES $44BN TWITTER TAKEOVER
The world’s richest man, Elon Musk, has completed his $44bn (£38.1bn) takeover of Twitter, according to US media and an investor in the firm. He tweeted “the bird is freed,”…
SEPTEMBER INFLATION RATE DROPS TO 9.7 PERCENT
Zambia’s annual rate of inflation for the month of October 2022 has decreased from 9.9 percent to the 9.7 percent, going down by a margin of 0.2 percent. Speaking during…
ZAMBIA’S GDP RECORDS 3.5 PERCENT GROWTH IN Q2
Zambia’s Growth Domestic Product (GDP) has recorded a 3.5 percent growth rate in the second quarter of 2022. This is 1.3 percent more than the 2.2 percent recorded in the…
KCM PICKS RAND MERCHANT BANK-RMB AS FINANCIAL ADVISOR
Konkola Copper Mines (KCM) PLC has selected Rand Merchant Bank (RMB) as financial advisor to search for an equity partner. KCM Provisional Liquidator Celine Nair says Rand Merchant Bank was…