Business
Page: 3
The delay and zero delivery and distribution of fertilizer across the country is a deliberate ploy to create a crisis that would lead to ‘corrupt’ single sourcing of farm inputs.
By Seniya BandaThe annual inflation rate for the month of October has reduced to 9.7 percent from 9.9 percent recorded in the previous monthZambia Statistician Agency (Zamstat) Interim Statistician General Mulenga Musepa has attributed the reduction in the inflation rate to the slowdown in the price movement in food items.Meanwhile Mr. Musepa says the food […]
By Prisca Lumingu Government has explained that the US$275 million approved concessional loan by the World Bank will be disbursed in two tranches, with US$175 million disturbed immediately after the signing of the agreement while US$100 million in the next three months.Finance and National Planning Minister Situmbeko Musokotwane says this is to allow the Government […]
THE Kwacha is expected to trade stable as demand in the market seems to be slowing down while corporates seek to pay for their local tax obligations.
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 […]
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 […]
