Business
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BUUMBA CHIMBULU writes @SunZambian THE Bank of Zambia (BoZ) is expecting to buy more gold from Kansanshi Mine within the first quarter of this year. The central bank has started accumulation of gold as part of the official international reserves assets after buying 47 kilogrammes of ore gold from Zambia Gold Company Limited. “Reserves are […]
BUUMBA CHIMBULUwrites @SunZambian THE Bank of Zambia (BoZ) should revisit upwards the monetary policy rate in the next sitting to counter the rising inflation currently at 19.2 percent. Without first arresting the high rate of inflation, the growth rate in 2021 will be as subdued as it was in 2020, warns Bridges Limited Managing Consultant, […]
BUUMBA CHIMBULUwrites @SunZambian XYLEM Trading (Pty), a company and investment vehicle incorporated in South Africa has expressed confidence in the Zambian economy as it invests US$35million in the financial industry through Madison Financial Services (MFS). Xylem has great confidence in the Zambian economy and hence the investment in MFS which it will grow further into […]
BUUMBA CHIMBULU writes @SunZambian THE business community should ensure that they adhere to all Covid-19 measures to ensure that their workforce does not get affected which in turn may have a negative impact on their revenue generation. This is according to the Zambia Private Sector Alliance (ZPSA) Chairperson, Chabuka Kawesha. Dr Kawesha warned that business […]
BUUMBA CHIMBULU writes @SunZambian THE Policy Monitoring and Research Centre (PMRC) remains committed to continue providing policy analysis to compliment the Government in the pursuit of prudent macroeconomic policies which will stabilise the economy. PMRC Board Chairman, Margaret Mwanakatwe, said the research institute was committed to continue providing policy analysis to compliment the Government in […]
BUUMBA CHIMBULU writes @SunZambian THIS year will require participation by all stakeholders and leadership to transform the economy coupled with innovation, says Zambia Union of Government and Allied Workers (UG) president, Muyaywa Kabisa. Mr Kabisa said 2021 would require active involvement in most social, political and economic activities of membership concern at all levels. He […]
BUUMBA CHIMBULU writes @SunZambian ZAMBIA recorded a trade surplus of K7.15 billion in November 2020 compared to a surplus of K6.5 billion in October 2020. This is according to the Zambia Statistics Agency (ZamStats), Interim Statistician General Mulenga Musepa. Mr Musepa said exports which mainly comprised of domestically produced merchandise, increased by 7.0 percent to […]
BUUMBA CHIMBULU writes @SunZambian ABOUT K630 million has been extended to customers by Absa Bank Zambia under the Covid-19 payment and relief packages between April and October, 2020. From the time of inception to 31 October 2020 when the Covid-19 payment relief package was closed off, Absa Bank Zambia PLC was able to extend about […]
BUUMBA CHIMBULU writes @SunZambian LONDON copper rose 0.2 percent to US$7,872.50 a tonne on Wednesday making dollar-priced metals cheaper and more appealing to buyers holding other currencies. This happened in thin holiday trade as the dollar fell to a multi-year low, making greenback-priced metals cheaper and more appealing to buyers holding other currencies, says Absa […]
BUUMBA CHIMBULU writes @SunZambian THE European Union and the Common Market for Eastern and Southern Africa (COMESA) have signed a EUR 7.6 million Financing Agreement for the market body Institutional Capacity Building Programme. Secretary-General Chileshe Mpundu Kapwepwe co-signed the Agreement with the Ambassador of the European Union to Zambia, who is also the Special Representative […]
