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Fitch Ratings downgrades Zambia’s credit rating to B-Fitch Ratings has downgraded Zambia’s credit rating to ‘B -’ from ‘B’, and maintained the country’s economic outlook to negative, mainly triggered by government’s substantial upward revision in the budget deficit targets. And Fitch has […]
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Munali Nickel to commence operations in 2019Munali Nickel Mine is expected to resume its long-awaited operations by the first quarter of next year after successfully securing US $40 million to commence production. In a statement issued from its Mazabuka base, Southern […]
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Sales Tax may increase burden on poor, warns WaterAidFinance Minister Margaret Mwanakatwe’s proposal to introduce the Sales Tax next year may increase the burden on the poor as investment in the water sub-sector could be discouraged, WaterAid Zambia has warned. And WaterAid Zambia […]
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Financial crimes projected to reduce – AmosFinancial crimes are expected to reduce in 2018 because of increased public awareness, says President Edgar Lungu’s Spokesperson Amos Chanda. And Chanda says President Lungu is eager to have in place a functional Auditor General, […]
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Saudi oil deal was a drop in the ocean – MinisterZambia’s oil deal with Saudi Arabia could not have any impact on cushioning local fuel pump prices because it represents just a drop in the ocean, says Energy Minister Mathew Nkhuwa. Reacting to the Energy […]
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Saudi oil deal amounted to nothing, reveals Energy MinisterZambia’s oil deal with Saudi Arabia could not have any impact on cushioning local fuel pump prices because it represents just a “drop in the ocean”, says Energy Minister Mathew Nkhuwa. Reacting to the Energy […]
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Vedanta Resources Plc de-lists from LSE, as KCM’s future ownership in doubtVedanta Resources Plc officially de-listed from the London Stock Exchange (LSE) on Monday morning, throwing its ownership of several of its subsidiaries, including Zambian asset, Konkola Copper Mines (KCM) Plc, into doubt. And Mineworkers’ Union […]
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Zambia’s external debt servicing costs escalate to $706m – WBZambia’s cost of external debt servicing has drastically risen to around US$706 million in 2017 from just US$63 million in 2013, a new World Bank report has revealed. According to the Bank’s latest Economic Brief, […]
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Mwanakatwe outlines more taxes in 2019 budget, as CSOs protest against corruptionGovernment has unveiled a record-breaking K86.8 billion national budget next year expected to be supported by increased tax revenues amounting to K47 billion, nearly K6 billion more than last year’s budget. And government has made […]
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Inflation down to 7.9%The annual rate of inflation has reduced to 7.9 per cent, down from 8.1 per cent recorded in August, triggered by the “base effect” arising from electricity tariffs adjusted last year, according to Central Statistical […]
