Business
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ZACCI urges govt to launch own sateliteZambia Chamber of Commerce and Industry (ZACCI) president Chabuka Kawesha has challenged government to utilise space coordinates awarded to the country and consider space satellite launch. Commenting on ZICTA’s decision to award Beeline a license […]
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Court ruling against Nkhuwa on CEC power lines will impact investor confidence – SilavweCOPPERBELT Energy Corporation (CEC) chief executive officer Owen Silavwe has hailed the High Court ruling overturning Energy Minister Mathew Nkhuwa’s declaration of its infrastructure as a common carrier, saying it would positively impact investor confidence […]
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Milupi hails High Court’s decision to declare Nkhuwa’s actions against CEC illegalADD president Charles Milupi has hailed the High Court ruling which quashed Energy Minister Matthew Nkhuwa’s decision to declare the Copperbelt Energy Corporation’s transmission and distribution lines as a common carrier, saying it sends a […]
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Inflation rises to 22.2%THE annual rate of inflation has continued rising to hit 22.2 per cent in February, up from 21.5 per cent recorded last month, mainly induced by sustained price increases in food items, a near-five-year high, […]
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Zambia’s copper production soars to 882,061 tonnesZAMBIA has recorded a huge increase in its copper production for 2020 to over 882,000 metric tonnes from 796,432 tonnes recorded in 2019, mainly triggered by record-breaking output from First Quantum Minerals’ (FQM) subsidiary companies, […]
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BoZ needs support from MoF to aid economic recovery – SaasaTHE Ministry of Finance must rise to the occasion and compliment the Bank of Zambia’s (BoZ) efforts in trying to stabilise and revive the economy because the central bank’s Monetary Policy tools have short-term effects, […]
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FQM profit jumps to $1.1bnFIRST Quantum Minerals (FQM) Limited has posted an increased gross profit of over US $1.1 billion during its 2020 financial year ending December 31, mainly boosted by higher sales volumes of copper and gold. In... […]
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Heavy flooding won’t affect 2021 crop harvest – ZNFUZNFU president Jervis Zimba says Zambia will remain food secure despite heavy floods being experienced in some parts of the country as the damage sustained on crop fields is not severe. In an interview, Zimba... […]
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BoZ’s MPR hike will increase loan defaults – NkhomaECONOMIST Noel Nkhoma says the Bank of Zambia’s (BoZ) decision to raise the Monetary Policy Rate (MPR) by 50 basis points will increase the Non-Performing Loans (NPL) ratio, a situation that will result in more... […]
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Clear bottlenecks with mines to address dwindling reserves, Mutati urges govtGOVERNMENT must focus on clearing the bottlenecks around the mining sector if Zambia is to re-build its international gross reserves, says Movement for Democratic Change (MDC) leader Felix Mutati. And Mutati says it will be... […]
