ZAMBIA’S DEBT ROSE BY OVER $13 BILLION FROM 2006 TO 2022
An audit report released by the Auditor General on the stock of Zambia’s’ external debt increased from $1.02 Billion in 2006 to US$14.07 Billion in 2022, among other significant financial…
LUNGU DENIES OWNING PROPERTIES IN ESWATINI
Former Republican President Edgar Lungu has denied owning properties in the Kingdom of Eswatini. In a statement posted on his Facebook page, Mr. Lungu says he has read a report…
VALUE ADDITION WILL GROW ZAMBIA – EU
As Zambia commits to meet the three million ton copper production in ten years, the European Union( EU) has committed to helping Zambia by enhancing its private partnerships for value…
PROTEA HOTELS EMPLOYEE DISAPPEARS WITH OVER 5,000 DOLLARS
An employee of Protea Hotels in Lusaka, Bowas Chigoma, has allegedly disappeared with over 5, 000 dollars entrusted to him by the company manager, Hagar Mitemba. Police Public Relations Officer,…
ZAMBIA LOSES $2.8 BILLION TO ILLICIT FINANCIAL FLOWS
The Financial Intelligence Centre (FIC) has reported that Zambia lost 2.8 billion dollars due to financial illicit flow in the fourth quarter of 2023. The report indicates that FIC recorded…
$1.3 BILLION S3 EXPANSION PROJECT TO ACTUALIZE 1800 JOBS
Kansanshi Mining Plc (KMP) $1.2 billion S3 Expansion project has registered progress. KMP General Manager Anthony Mukutuma says an estimated 1800 jobs will be actualized following the assembling of earth-moving…
MOAZ TO PARTNER WITH ZRA ON SMART INVOICE ROLL OUT
The Media Owners Association (MOAZ) has pledged to collaborate with the Zambia Revenue Authority (ZRA) to ensure smooth implementation of the smart invoice initiative. MOAZ President, Costa Mwansa says the…
UNSCRUPULOUS INDIVIDUALS COLLECTING LEVIES FROM ILLEGAL LUBARMA MARKET
The Lusaka City Council has disclosed that it has no records of Kamwala Lubarma Market Traders paying levies or taxes. Lusaka City Council Assistant Public Relations Manager Bulumba Nyambe Mangelo…
PHASE OUT 5, 10 NGWEE, URGES CHINSALI RESIDENTS
Some consumers in Chinsali, Muchinga province have proposed that the Ministry of Finance should do away with coins especially the smallest denominations such as 5 ngwee and 10 Ngwee, citing…