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Turkey’s Eurobond funding not sign of failure – MwanakatwePresident Edgar Lungu’s announcement of a Turkish firm which expressed interest in refinancing Zambia’s US$750 million Eurobond maturing in 2022 is not a signal of failure, says Finance Minister Margaret Mwanakatwe. And Mwanakatwe confirmed that […]
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AfDB warns of increased crop losses due to armywormsThe fall armyworm that has ravaged crop productivity in Africa will lead to increased losses worth billions of dollars if not quickly tackled, the African Development Bank (AfDB) has warned. And Agriculture Minister Michael Katambo […]
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K70 still too low for maize price – ZNFUThe Food Reserve Agency’s (FRA) revised maize purchase price of K70 per 50Kg bag for this year’s crop marketing season equates to nothing for farmers, says development expert Dr Frank Kayula. And the Zambia National […]
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CEC signs contact to supply 78MW to DRCThe Copperbelt Energy Corporation Plc has signed a long-term contract to supply up to 78 megawatts (MW) of electricity to Metalkol SA, a major cobalt and copper tailings reprocessing operation in the Democratic Republic of […]
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Zambia in K1.6 billion trade deficitZambia has recorded the third trade deficit of the year at K1.6 billion, according to Central Statistical Office data. According to provisional CSO data, Zambia has sustained a massive trade deficit in June this year, […]
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FRA adjusts maize price to K70The Food Reserve Agency has revised upwards its maize purchase price of K65 per 50Kg bag for this year’s crop marketing season to K70, representing an increment of only K5. According to a press release […]
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Zambia’s economic outlook negative – FitchFitch Ratings has affirmed Zambia’s credit rating at ‘B’, but with a negative economic outlook, mainly triggered by continued uncertainty about the government’s commitment to consolidate public finances and a high public debt burden. In […]
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Inflation shoots back to 7.8%The annual rate of inflation has again shot up to 7.8 per cent, from 7.4 per cent recorded in June, according to Central Statistical Office data. Announcing Zambia’s annual rate of inflation for the month […]
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Mine accident kills KCM employeeAn accident at Konkola Copper Mines (KCM) in Chingola has claimed the life of a KCM business partner employee, according to Vedanta Africa Base Metals. According to a statement, the accident occurred at Konkola Mine, […]
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Lungu to attend BRICS summit in SAPresident Edgar Lungu will be travelling again to South Africa to attend the BRICS summit in Johannesburg, South Africa, slated for July 26-27, according to the Ministry of Foreign Affairs. In a statement, Minister of […]
