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Mines call for stable fiscal policy in 2019 budgetThe Zambia Chamber of Mines has called on government to maintain the same mining fiscal policy for continued stability and predictability. And the Chamber has advised government to enhance indigenous ownership in the mining sector […]
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Illegal fuel dumping costing Zambia $81m a year – ERBIllegal fuel dumping and adulteration in Zambia is costing government an estimated US $81 million in lost revenues per annum, according to the Energy Regulation Board (ERB). In a statement, ERB executive director Langiwe Lungu […]
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Ferngroove secures $30 million to boost local agro-processingFerngroove BC, a Lusaka-based investment advisory firm, has secured up to US $30 million funding targeted at boosting the agro-processing sector in Zambia. According to a press release issued, Tuesday, Ferngroove BC Chairman, Conrad Gomani […]
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Mayfair Insurance hits K100m in premiumsMAYFAIR Insurance Zambia has posted huge gross written premiums of K100 million in 2017 from the K3 million recorded at inception in 2010. In a statement, Mayfair Insurance posted a massive growth in written premiums […]
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Kwacha hits 12 per dollar, as greenback gets scarceThe kwacha has continued depreciating against major currency convertibles to breach the K12 per dollar psychological barrier for the first time since October, 2015. And dollars are currently scarce on the local financial market, further […]
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Airports Corporation posts 28% surge in domestic passenger movementsZambia Airports Corporation Limited (ZACL) has recorded a 28 per cent increase in domestic passenger movements in the second quarter of 2018, triggered by reduced air fares, among others. And ZACL says the introduction of […]
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World Bank downgrades Zambia’s GDP growth to 3.3%The World Bank has revised Zambia’s real GDP growth projection for 2018 downwards to 3.3 per cent, down from 4.3 per cent, triggered by dampened agricultural activity, among other factors. And World Bank country manager […]
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Kwacha hits K11 per dollarThe kwacha has depreciated against major currency convertibles to breach the K11 per dollar psychological barrier for the first time since April, 2016. And FNB Zambia says there is a sense of panic in the […]
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KCM upbeat on resolving financial challengesKonkola Copper Mines (KCM) says it has initiated measures to raise production and improve its cash flows. Speaking when the mining company received Copperbelt Minister Japhen Mwakalombe during a familiarisation tour in Chingola, Wednesday, KCM […]
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PAYE exemption threshold should be increased to K4,000 – FFTUZGovernment should increase the Pay as You Earn (PAYE) exemption threshold from the current K3,300 to K4,000 to provide relief to workers, says the Federation of Free Trade Unions of Zambia (FFTUZ). Ahead of the […]
