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Kitwe chamber demands transparency on causes of C/belt fuel shortagesTHE Kitwe Chamber of Commerce has demanded full transparency into the actual causes of the fuel shortages that hit the Copperbelt Province, saying the commodity has been in short supply before the truck drivers’ protest. […]
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Copper prices hit $7,000 per tonneCOPPER prices have hit the US $7,000 per metric tonne threshold for the first time since 2018, representing a two-year-high, following Chinese economic recovery and a resurgence in demand for the red metal. Data from […]
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Society Business Park work upgrades set for December completionBICON Zambia Limited, the consultants responsible for the supervision of the structural engineering works at Society Business Park in Lusaka, say the column strengthening works on the office block are expected to be completed in […]
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Zambia’s external debt was $27.3bn in 2019, reveals World BankZAMBIA’s total external debt stock has drastically increased to hit a total of US $27.3 billion as at end-December, 2019, mainly consisting of public and publicly-guaranteed debt of over US $11 billion, according to the […]
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Govt to repay China $854m in external debt servicing by end-2021GOVERNMENT is due to pay a total of over US $854 million in external debt service repayments to various Chinese entities in 2020 and 2021 as part of its ongoing debt servicing commitments, according to […]
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ZCCM-IH’s profits soar to K438.9mZCCM-IH has posted huge after tax profits of K438.9 million during its financial half-year ending June 30, 2020, triggered by increased income derived from exchange rate gains from the group’s foreign-denominated assets. And ZCCM-IH says […]
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Manage debt carefully to revive growth, ZACCI urges govtGOVERNMENT must strictly manage its debt contraction policy to ensure the 2021 national budget delivers on its intended objectives of ensuring Zambia’s economic recovery plan is achieved, says the Zambia Chamber of Commerce and Industry […]
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StanChart posts K225m lossesSTANDARD Chartered Bank Zambia Plc has posted huge losses of over K225 million after tax during its half-year period ending June 30, 2020, mainly induced by the kwacha’s massive devaluation and the bank’s impairments on […]
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K8bn COVID-19 Bond reaches 72% subscription – BoZGOVERNMENT has extended the issuance period of the COVID-19 bond to December 31, 2020, to allow for more time to realise the targeted amount of K8 billion. According to a notice issued via the Bank […]
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KCM now owes CEC $150m in unpaid electricity bills – SilavweKONKOLA Copper Mines Plc (KCM) now owes Copperbelt Energy Corporation (CEC) an outstanding US $150 million electricity bill, up from around US $144 million at the end of June, 2020. And CEC managing director Owen […]
