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ACC prosecutes 3 cases from FIC’s 2018, 2019 trends reportsTHE Anti-Corruption Commission (ACC) says three cases from the 2018 and 2019 Financial Intelligence Centre (FIC) reports made it to court while one was closed due to “insufficient evidence”. And the Commission says out of […]
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Zambia drops out of top 50 global mining jurisdictionsZAMBIA’S position in the world’s top 50 global mining countries has plummeted in the latest Fraser Index to 58, losing a massive 28 places from the country’s previous 30. The country’s placing in the Index, […]
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Speeding truck kills two rhinos in LivingstoneTWO rhinos have been hit and killed by a speeding truck along the Livingstone-Kazungula road, Tuesday evening, according to the Ministry of Tourism and Arts. In a statement released, Wednesday, Ministry public relations officer Sakabilo […]
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Airtel, Natsave partner to launch eWallet serviceNATSAVE Bank has partnered with Airtel Mobile Commerce Zambia Limited to launch its Wallet-to-Bank and Bank-to-Wallet services, which allows customers of both institutions to instantly send money directly from either account to the other and […]
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Interest rates rise to 28%INTEREST rates on loan facilities increased to an average 28 per cent by the end of last year from 26.1 per cent by September 30, 2019, reflecting elevated government financing needs and tight liquidity conditions. […]
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Zambia far from debt sustainability to attract IMF – BoZZAMBIA is a long way from attaining debt sustainability due to the huge level of indebtedness and massive restructuring required in the economy, says Bank of Zambia (BoZ) governor Dr Denny Kalyalya. And Dr Kalyalya […]
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BoZ must maintain MPR at 11.5% – CTPDThe Bank of Zambia (BoZ) must maintain the Monetary Policy Rate (MPR) at 11.5 per cent and resist any attempts to adjust it upwards to avoid increasing the cost of borrowing, says the CTPD. In […]
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Lungu extols cordial Zambia-Russia relationsPRESIDENT Edgar Lungu says the high level visits between Zambia and the Russian Federation, such as the visit to Zambia by Russia’s Federation Council Chairperson, Valentina Matviyenko, is a demonstration of the warm relations that […]
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Lungu mourns MoiPresident Edgar Lungu has expressed sympathy for Kenyans on the demise of their former president Daniel Arap Moi, who passed away in Nairobi, Tuesday. In a statement released by State House, Wednesday, President Lungu expressed […]
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Mining, construction companies still seeking insurance abroad – PIALarge corporations in the mining and the construction sectors are still sourcing insurance services from abroad and violating the law, says the Pensions and Insurance Authority (PIA). However, Zambia’s insurance industry recorded increased growth in […]
