Archive: 26 August 2019
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First Capital Bank has highest interest rate on loans – BoZFirst Capital Bank Zambia Limited has been found to be Zambia’s most expensive lender of loan facilities among the 18 commercial banks, charging clients the highest interest rate of 32.25 per cent on personal loans. […]
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ZRA resolves $7.6 billion tax “evasion” by Kalumbila, waives some penaltiesThe Zambia Revenue Authority (ZRA) says it has resolved the US$7.6 billion tax evasion dispute with Kalumbila Mines, which is owned by First Quantum Minerals (FQM). Responding to a press query that sought to find […]
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UPND MPs vow to walk out of Parley if Bill 10 debates proceedSesheke UPND member of parliament Romeo Kang’ombe says UPND MPs will walk out of Parliament if the PF continues with its plan to proceed with the Constitutional Amendment Bill Number 10 of 2019. And Kasempa […]
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I don’t supervise Parley or judiciary to explain different decisions on Bill 10, impeachment – LubindaJustice Minister Given Lubinda says he will not be lured into giving his opinion on why Speaker of the National Assembly Dr Patrick Matibini decided to halt the Impeachment Bill on account of it being […]
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Katambo insists Zambia is food secure, as ZNFU condemns maize price controlsAgriculture Minister Michael Katambo says the ongoing smuggling of maize outside Zambia is distorting the availability of the commodity in the country and affecting mealie meal prices. And the Minister has emphasised that the country […]
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Maintaining maize subsidies hasn’t worked to reduce mealie meal prices – CSPRThe Civil Society for Poverty Reduction (CSPR) says maintaining maize subsidies is unsustainable as it does not guarantee a reduction in mealie meal prices. And Musosa has urged government to ascertain the reasons behind the […]
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Zesco’s extended load shedding hours aren’t a surprise – AkafumbaJosephs Akafumba has said Zesco Limited’s increased load shedding hours are not a surprise but a reflection of poor planning on the power’s utility’s part and the bad leadership that has caused most of today’s […]
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It’s impossible for PF to fix economy – MilupiAlliance for Democracy and Development (ADD) president Charles Milupi says the depletion of Zambia’s gross international reserves will make it difficult for the PF government to reverse the deteriorating economic situation. And Milupi says that […]
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Resource nationalism displayed by PF will deter investment in the run-up to the 2021 elections – EIUThe UK-based Economist Intelligence Unit (EIU) says the resource nationalism displayed by the Patriotic Front will deter investment in the run-up to the 2021 elections. EIU further says it expects the budget deficit to widen, […]
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Africa’s mounting debt hurting developmental projects – Ng’anduMinister of Finance Dr Bwalya Ng’andu says Africa is at a crossroads due to increasing debt levels and debt servicing that has impacted adversely on developmental investments and social sector provisions. And Dr Ng’andu says […]
