Business
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BUUMBA CHIMBULU @SunZambian FINANCIAL institutions should use digital platforms to share information throughout the year on their services to reach more people. Standard Chartered Bank Zambia Managing Director, Herman Kasekende, said financial institutions played a key role in driving the financial literacy agenda. Mr Kasekende highlighted that there was still a lot of opportunity for […]
BUUMBA CHIMBULU THE Kwacha retreated slightly following an uptick in demand from importers at the close of last week. Earlier in the day, the currency pair was changing hands at K22.02/22.07, levels it maintained until mid-day on Thursday. This is according to the Zambia Industrial commercial Bank (ZICB). According to the ZICB in its market […]
BUUMBA CHIMBULU writes @SunZambian COPPER prices have jumped to their highest in nearly a decade as top metals consumer China returned from a week-long Lunar New Year holiday, with brightening demand prospects and supply concerns underpinning the market. This added impetus to a rally that has almost doubled prices since the height of coronavirus worries […]
BUUMBA CHIMBULU writes @SunZambian FIRST Quantum Minerals (FQM) has projected its 2021 copper production to grow above 785,000 tonnes, banking on the resilience of the workforce and adaptability to the new ways of working. This makes FQM one of the top global copper producers with one of the largest mineral reserve bases, says Company Chairman […]
BUUMBA CHIMBULU writes @SunZambian GOVERNMENT will not condone the behaviour by some businesses engaging in price collusion and abusive of dominance for essential goods such as cement. The State through the Competition and Consumer Protection Commission (CCPC) is therefore currently conducting investigations across various sectors. This is to assess whether there are possibilities of price […]
BUUMBA CHIMBULU writes @SunZambian ZAMBIA’S discussions with the International Monetary Fund (IMF) for an extended credit facility (ECF) are on course. The ongoing virtual meetings started on February 11 and will end on March 3, says Bank of Zambia (BoZ) Governor, Christopher Mvunga. Mr Mvunga said at a press briefing in Lusaka yesterday that an […]
BUUMBA CHIMBULU writes @SunZambian GOODS worth over US$9,000 were in the last five years exported to Germany, signifying the need to enhance collaborations between Zambia and that country to ensure there are more exports. Zambia Development Agency (ZDA) Acting Manager Investment Promotion, Samson Simwanda, observed the need to increase exports to German. He regretted that […]
PETER SICHALI Writes @SunZambian OIL explorations in Northern Province should be expedited so that it can contribute to economic recovery and create jobs, says Northern Province Chamber of Commerce president John Zulu Mr Zulu said Northern Chamber was concerned about the delay to complete oil exploration in the region. He noted that oil was an […]
BUUMBA CHIMBULU writes @SunZambian THE road sub-sector should urgently be liberalised to attract private financing as tolling has also become an attractive option for managing traffic demand on increasingly congested highways. This is according to the Zambia Chamber of Commerce and Industry (ZACCI), president, Chabuka Kawesha. Dr Kawesha said the Road Development Agency (RDA) now […]
SUN BUSINESS writes @SunZambian GOVERNMENT has started dismantling the US$300 million debt Zesco owes Independent Power Producers (IPPS). Energy Minister Mathew Nkhuwa has said that the debt which Zesco owed the IPPS had been transferred to the government because the power utility company was highly indebted due to the losses it had continued to incur. […]
