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CEC’s sales volumes in DRC market up 25% – SilavweCOPPERBELT Energy Corporation Plc (CEC) has disclosed that it has continued to grow its business in the Democratic Republic of Congo (DRC), resulting in a 25 per cent sales volume boost in 2019 despite increased […]
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ZCCM-IH proposes reorganisation transaction to optimise efficiencyZCCM-IH has approved a reorganisation of its portfolio with the Industrial Development Corporation (IDC) where both entities will transfer their equity held in three corporate entities to the other to achieve optimisation of operations within […]
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Mobile subscriber base has risen to 17.9m – ZICTATHE total number of active mobile network subscriptions in Zambia has increased to 17.9 million as at June 30, 2020, an all-time high, exceeding the country’s population, according to ZICTA. And ZICTA says the value […]
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Lafarge posts K12.3m lossesLAFARGE Zambia Plc has posted losses of over K12.3 million during its financial half-year period ending June 30, 2020, mainly induced by increased production costs and a devalued kwacha. And the cement company says it […]
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Zambian Breweries posts K15.5m losses in 6 monthsZAMBIAN Breweries Plc has posted huge losses of nearly K15.5 million in its half-year period ending June 30, 2020, mainly triggered by the kwacha’s rapid depreciation against major currency convertibles, which increased the company’s debt […]
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BoZ disbursements from Medium-Term Facility rise to K1.7bnTHE Bank of Zambia (BoZ) has so far disbursed nearly K1.75 billion out of the K10 billion Medium-Term Refinancing Facility, with Atlas Mara Bank receiving the highest amount of any financial institution of K533 million. […]
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Chitimukulu, others face arrests over water rightsTHE Chitimukulu of the Bemba speaking people of Northern Province and several other traditional leaders who are shareholders in the Luapula Hydropower Corporation Limited (LHCL) are facing arrest for not surrendering two water rights. Directors […]
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Ng’andu to unveil 2021 budget on September 25FINANCE Minister Dr Bwalya Ng’andu is expected to deliver the 2021 national budget on September 25, 2020, following the just-ended budgetary consultative process. This is according to a statement issued by Ministry of Finance spokesperson […]
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We’re still reviewing Zesco’s infrastructure, which could be considered common carrier – MinistryTHE Ministry of Energy says it is still reviewing all of Zesco Limited’s transmission infrastructure, which could be considered common carrier in line with the Statutory Instrument (SI) Number 57 of 2020. And the Ministry […]
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Inflation slows to 15.5%THE annual rate of inflation has marginally decreased to 15.5 per cent in August, down from 15.8 per cent recorded in July, mainly induced by price decreases in food items, according to the Zambia Statistics […]
