KCM EXPECTED TO PAY ITS CREDITORS THIS MONTH – HH
Republican President Hakainde Hichilema says Konkola Copper Mines (KCM) is expected to pay debt owed to its creditors by this Monthend. According to the President, officials from the mining firm…
TOMATO PRICES DROP TO K20 A BOX, FARMERS BLAME GOVERNMENT
Some farmers in Lusaka have blamed the Zambian government for the drop in tomato prices saying imported tomatoes from Tanzania have flooded Kasumbalesa market thereby distorting the market price. In…
CHIRUNDU CALLS FOR A CHARCOAL BAN
Due to the district’s scarcity of trees, the Chirundu Town Council has requested that the Ministry of Green Economy and Environment extend the charcoal ban to valley areas such as…
INVESTRUST DEPOSITERS IN PANIC AT ZANACO BILL MASTER TWO DAYS PRIOR TO PAYOUT CLOSURE
Long queues have persisted at the Zanaco Bill Master branch in Lusaka, with two days remaining before the deadline for paying off Investrust depositors ends. Speaking with a few depositors,…
UK PLEDGES 2 BILLION POUNDS TO HELP FIGHT EFFECTS OF CLIMATE CHANGE
British High Commissioner to Zambia, Nicholas Woolley, has disclosed that his country has made available two billion pounds which Zambia can access to help fight the effects of climate change.…
ZESCO STARTS IMPORTING ELECTRICITY
ZESCO limited has disclosed the importation of electricity, effective 1st May 2024 in order to supplement the national power supply, following reduced generation due to low water levels. Company Spokesperson,…
OF UNENDING COSTS: ERB OKAYS NEW ZESCO TARIFFS
Within just hours before Zambians could stomach increased fuel prices, they have yet again been hit by another economic bombshell. The Energy Regulation Board (ERB) has approved ZESCO’s electricity tariffs…
DELAY TO ACCESS THEIR MONEY FRUSTRATES INVESTRUST DEPOSITORS
Scores of Investrust Bank Plc (in possession) depositors, who lined up at the Zanaco Bill Master Cairo branch, were frustrated by delays in accessing their money. A check by Diamond…
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…
$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…