Economy
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By Prisca LuminguGovernment has released K33 million for the clearance of the salary arrears for TAZARA employees ending September 2022.Transport and Logistics Minister Frank Tayali says the New Dawn Administration is poised to continue fulfilling all the promises made to the Zambian people of improving their living standards.Mr. Tayali says the TAZARA case has been […]
By Seniya BandaThe Annual Inflation rate for the month of September has increased to 9.9 percent from 9.8 percent recorded in the previous month.Zambia Statistics Agency (Zamstat) Interim Statistician General Mulenga Musepa says this represents an increase of 0.1 percent from the inflation rate recorded in the previous monthMr. Musepa has attributed the increase to […]
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 […]
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.
