Business
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BUUMBA CHIMBULU writes @SunZambian TAXES that govern the petroleum procurement system should be revisited to eliminate any expensive acquirement procedures of the commodity, Policy Monitoring and Research Centre (PMRC) has suggested. Eliminating any expensive procurement procedures will allow greater competition in the market, says PMRC Executive Director, Bernadette Deka-Zulu. Ms Deka-Zulu said this however required […]
BUUMBA CHIMBULU writes @SunZambian GOVERNEMENT has applied for debt treatment under the Group of 20 (G20) the Common Framework which will facilitate Zambia’s engagement with all G20 and Paris Club creditors. This reassures commercial creditors and encourages them to join the restructuring process. Finance Minister, Bwalya Ng’andu, expressed confidence that debt treatment under the G20 […]
BUUMBA CHIMBULU writes @SunZambian GOVERNMENT has targeted to increase the manufacturing sector’s contribution to Gross Domestic Product (GDP) to 36.12 percent by 2030, says Ministry of Commerce, Trade and Industry Permanent Secretary, Mushuma Mulenga. Mr Mulenga said Government would also increase manufactures exports as a share of merchandise exports to 71 percent by 2030. He […]
BUUMBA CHIMBULU writes @SunZambian COVID-19 has reinforced the need for the manufacturing sector to adopt smart technologies, such as Internet of Things (IoTs) in their production processes. This can be used for industrial automation systems. The efficiency with which IoTs can be used to improve the production process and other tasks can significantly reduce production […]
BUUMBA CHIMBULU writes @SunZambian CANADA has expressed interest in working with COMESA to increase opportunities for international trade. Canadian Ambassador to Zambia, Pamela O’Donnell, expressed optimism that COMESA and Canada could share best practices, connect entrepreneurs and ideas. This could result in mutual benefits of increased economic integration. Specifically, Ms O’Donnell identified gender and trade […]
PETER SICHALI writes @SunZambian CLEARING agents have protested the proposed clearing agents module introduced by Zambia Revenue Authority (ZRA) that will require importers to be paired to agents. The agents fear that local firms will be sidelined in preference for international companies. Customs Clearing and Freight Forwarding Agents Association of Zambia (CCFFAAZ) president Bruce Kaemba […]
SUN BUSINESS writes @SunZambian SPAR Choma and Musokotwane Compassion Mission Zambia (MCMZ) have signed a goat supply contract. In the deal, the MCMZ would be supplying goat meat to the supermarket. MCMZ Executive Director, Sibbuku Genious Musokotwane, said his organization was using agriculture as an income-generating tool to address the fight against child marriage in […]
BUUMBA CHIMBULU writes @SunZambian COMMERCIAL banks are worried about Government schools and tertiary education insistency on actual cash deposit for tuition fees instead of electronic payments, thereby congesting the branches throughout Zambia which is against the five golden rules to fight Covid-19. The schools are only admitting cash deposit into their school accounts not any […]
BUUMBA CHIMBULU writes @SunZambian THE volume of Zambia’s refined copper exports for last year between January and December increased by 11.9 percent compared to 2019. Interim Statistician General at the Zambia Statistics Agency, Mulenga Musepa, said the volume of refined copper exported for the period January to December, 2020 was 931,052 metric tonnes compared to […]
BUUMBA CHIMBULU writes @SunZambian OVER K730 million has been invested in technology at Stanbic Bank Zambia in the last five years, providing customers with superior customer service through continuous digital innovations. The bank has therefore launched Stan an AI (artificial intelligence) powered automated agent providing customer support across social media and chat platforms. Stanbic’s aim […]
