Former Finance Minister Katele Kalumba has advised government to consider finding strategy equity partners to invest in some of the limping state owned enterprise and quasi government institutions as opposed to fully selling them off. Recently Finance Minister Situmbeko Musokwatwane indicated that government will soon announce and embark on the privatization process of some of […]
Doricah SakalaRoad transport and safety agency acting director and CEO Alinani Msisya says the Road Traffic Amendment Act No. 8 of 2022 is now in force which has seen a revision of the age at which a taxi driver can obtain a Public Service License from 25 years to 20 years.Mr. Msisya says this amendment […]
By Kalunga MwapeStakeholders have received with mixed feelings the approval of the US$1.3 billion international monetary fund-IMF bailout package, with a call for government to reveal the conditions attached to the bailout.The International Monetary Fund-IMF approved a 3 years US$1.3 billion support package for Zambia based on home-grown economic reform plan that aims to restore […]
By Seniya BandaOil Marketing Companies Association of Zambia (OMCs) has projected a three percent reduction in the fuel pump prices next month owing to the drop in the oil prices on the international market.Early this month, the Energy Regulation Board (ERB) increased fuel pump prices by an average of K2.01 for petrol and diesel.The pump […]
By IRVIN MUYUMBWA SOME political stakeholders have said the World Bank’s decision to reclassify Zambia as a low income country is shameful and a reminder for Government to review its economic policies. Patriots for Economic Progress President Sean Tembo said Zambia’s reclassification to low income status from lower middle income shows that the government’s interventions […]
Government should speed up the cultivation of cannabis to address the high employment levels in the country, the Zambian Hemp Growers and Industries Association (ZamHemp) has said.
Demand for personal loans is expected to remain high during the second quarter of this year in view of the need by households to supplement incomes in the wake of the high cost of living.
The authorities in Malawi have announced a 25% devaluation of the local currency, the kwacha, starting on Friday.
The world’s two largest economies were the heaviest borrowers in the first three months of this year as global debt climbed to above $305 trillion, the Institute of International Finance (IIF) reported on Wednesday.
An Energy expert has called on the government to build more oil reserves which will enable the country to have adequate stocks that will last for longer period of time.