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Madison Financial Services to inject K70m into MAMCoTHE Securities and Exchange Commission’s (SEC) temporary possession of Madison Asset Management Company (MAMCo) came as a result of its financial challenges, which emanated from exposure to companies that collapsed, LSA Group chairman Dr Lawrence […]
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Data proves Wina wrong on kwacha depreciationTHE kwacha’s depreciation to an all-time low of K16.00 per dollar has been proven to be the worst-performing African currency despite Zambia being one of three countries on the continent without confirmed cases of the […]
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Airtel’s profit slumps to K15.7mAIRTEL Networks Zambia Plc has posted reduced net profits of only K15.7 million during its 2019 financial year period compared to over K64 million in the prior corresponding period in 2018, partly triggered by the […]
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Kwacha trades in red as it hits K16 per US dollarTHE kwacha has depreciated to hit the K16.00 per dollar psychological barrier for the first time in Zambia’s history, owing to a sustained high demand for the greenback on the local market, compounded with little […]
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ZCCM-IH sets gold buying price at K550/grammeZCCM-IH chief executive officer Mabvuto Chipata says talks with various companies outside Zambia are at an advanced stage to secure a viable market for the off-take of gold that will be due to be sold. […]
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Zesco’s revenues endangered if BSA remains unresolved – MutatiZESCO Limited’s revenues are at serious risk of being endangered if there is no speedy resolution to the Bulk Supply Agreement (BSA) with the Copperbelt Energy Corporation (CEC) Plc, warns former Finance Minister Felix Mutati. […]
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Kwacha tumbles to K15.32 per dollarTHE kwacha has continued depreciating to hit K15.32 per dollar owing to a sustained demand for the greenback on the local market, compounded with little supply. According to financial market players, the kwacha maintained a […]
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Commodity prices, debt skyrocket over 100% since 2015ZAMBIA’S external public debt, along with the country’s major commodity prices, have more than doubled since 2015 when President Edgar Lungu first assumed office in January. Analysis of data from February, 2015 after the Presidential […]
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Kwacha hits K15 per dollar againTHE kwacha has depreciated to hit the K15.00 per dollar barrier for the second time in less than four months, owing to a sustained high demand for the greenback on the local market, compounded with […]
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Inflation rises to 13.9%THE annual rate of inflation has jumped to 13.9 per cent in February, up from 12.5 per cent recorded in January, the highest on record since October, 2016, according to the Zambia Statistics Agency (ZSA). […]
