-
If banks don’t shape up, others will take over – KalyalyaBy Stuart Lisulo Commercial banks must innovate to stay abreast of technological developments happening in the financial market or they will cease to exist, says Bank of Zambia governor Dr Denny Kalyalya. And Dr Kalyalya […]
-
BoZ projects inflation to remain above 7.5%The Bank of Zambia (BoZ) says inflation for the remaining period of this year will remain above 7.5 per cent in view of the upside risks that include higher than anticipated food prices. And BoZ […]
-
Many taxpayers are evasive – ZRAThe Zambia Revenue Authority has disclosed that many taxpayers continue to be evasive when reporting to Customs and to Domestic Tax on comparable transactions. In a statement, ZRA commissioner-general Kingsley Chanda revealed that results following […]
-
BoZ maintains Monetary Policy Rate at 9.75%The Bank of Zambia has maintained the same Monetary Policy Rate and Statutory Reserve Ratio again in a bid to induce lower interest rates and revive economic growth. Speaking during a media briefing in Lusaka, […]
-
30 ngwee Internet tariff double-billing – ZACCIGovernment’s 30 ngwee a day tariff on Internet calls could lead to double-billing consumers, the Zambia Chamber of Commerce and Industry (ZACCI) has warned. Commenting on the Statutory Instrument (SI) that introduced a 30 ngwee […]
-
Chibuyu Finance most expensive lender – BoZChibuyu Finance Limited has been found to be the most expensive lender of loan facilities among the 33 non-bank financial institutions with a total effective annual interest rate of 262 per cent. According to a […]
-
We have betrayed Levy: those tasked to fight corruption are captains of graft – AKAThere has been a cease fire in the fight against corruption in Zambia by its ‘captains’ who continue to perpetuate the vice, says veteran politician Dr Akashambatwa Mbikusita-Lewanika. And Dr Lewanika, a key-founding member of […]
-
Don’t introduce taxes to finance supplementary budget – MagandeFormer Finance Minister Ng’andu Magande says the recently-approved supplementary budget may have an adverse impact on the economy if government intends on raising taxes to finance it. And Magande has observed that Zambia’s current economic […]
-
Govt receives additional $14.6 million for combating climate resilienceGovernment has received US $14.6 million from the Climate Investment Fund as additional financing for the Zambia Strengthening Climate Resilience – Pilot Programme for Climate Resilience (PPCR PHASE II) Project. In a statement, Ministry of […]
-
Vedanta to lose control of KCM upon LSE delisting – FoilVedanta Resources Plc’s planned de-listing from the London Stock Exchange (LSE) could see the company relinquish its control of its subsidiary Konkola Copper Mines (KCM). Foil Vedanta, an independent grassroots solidarity organization focused on British-Indian […]
