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Govt to narrow public service wage bill in 2019 budget projected at K84.6 BnGovernment has projected to roll out a K84.6 billion national budget next year expected to be supported by increased tax revenues amounting to around K7.4 billion more than last year’s budget. And government has proposed […]
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Kitwe’s cost of living breaches K5,000The cost of living in Kitwe has drastically increased to a record-breaking K5,159 for a family of five, becoming the country’s second most expensive city, according to the JCTR. Data from the Jesuit Centre of […]
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Govt missed income tax collection target – ZIPARGovernment missed its target of K10.6 billion in income tax collection for the 2018 half-year period by around K500 million, owing to lower than projected collections, says ZIPAR. According to a ZIPAR policy brief released […]
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Govt must be transparent on Chinese debt – CTPDThere needs to be transparency in the acquisition, terms and structure of Chinese loans, says CTPD. And the Centre for Trade Policy and Development (CTPD) says there is serious need to put heads together in […]
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Social Cash Transfer funding hits only 27% – ZIPARThe Social Cash Transfer programme has only received less than 30 per cent funding by the end of the first half of 2018 due to government’s huge debt interest payments, says ZIPAR. And ZIPAR research […]
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Inflation soars to 8.1%The annual rate of inflation has leaped to 8.1 per cent, up from 7.8 per cent recorded in July, the highest on record this year so far, according to Central Statistical Office data. Announcing Zambia’s […]
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CTPD demands reversal of 30 ngwee Internet calling chargesGovernment’s decision to charge mobile phone subscribers a 30 ngwee per day tariff on Internet calls should be reversed because it is misguided, says the Centre for Trade Policy and Development (CTPD). In a statement […]
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Zambia’s bonds are the world’s worst – BloombergZambia’s Eurobonds have lost value of 10 per cent this month alone, more than any of the 75 countries in the Bloomberg Barclays Emerging Markets USD Sovereign Bond Index. According to Bloomberg, these losses have […]
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Zamtel welcomes 30 ngwee Internet tariffs, won’t hike data pricingZamtel Plc says pricing on its data bundles will not be increased despite government’s move to charge a 30 ngwee per day tariff on Internet calls. And Zamtel has welcomed the Statutory Instrument (SI) that […]
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Standard & Poor downgrades Zambia’s credit rating to B –Standard & Poor’s Global Ratings has downgraded Zambia’s long-term foreign and local currency sovereign credit ratings from B to B -, reflecting the country’s faster debt accumulation and higher fiscal deficits. And S&P, the globally-renowned […]
