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Economy
GOVT MAINTAINS STANCE TO TRANSITION INDENI INTO AN OIL MARKETING COMPANY AND RETRENCH ITS 327 EMPLOYEES
By Tinkerbel Mwila Government has maintained that it will finance redundancy and pay packages to the 327 Indeni employees as the refinery transitions to a new working model as an oil marketing company. In an interview with Phoenix News, Energy Minister Peter Kapala says government is in the process of refining the crude that is currently in the…
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CITIZENS URGED TO PARTICIPATE IN ONGOING 2023 BUDGET CONSULTATIONS
By Prudence Siabana The Zambia Council for Social Development-ZCSD- is urging members of the public to take keen…
REDUCED COMMODITY PRICES LIKELY TO LOWER TOWARDS END OF THIS YEAR
By Tinkerbel Mwila The Zambia Association of Manufacturers –ZAM- has observed that the rate at which prices of…
ZAMBIA-ANGOLA FUEL DEAL HANGS IN BALANCE
By Michael Kaluba Zambia's quest to get more affordable fuel from neighboring Angola hangs in the balance after the initial approach from that country went unattended to by the previous regime. According to Commerce Minister Chipoka Mulenga, Angola approached Zambia in March last year at the inception of the 200,000 barrels per day Lobito Refinery…
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TOBACCO MARKETING COMPANIES URGED TO OFFER COST REFLECTIVE PRICES TO TOBACCO…
By Lukundo Nankamba Chipangali District Council has called on Tobacco Marketing Companies, Japan Tobacco…
GOVT URGED TO PRUDENTLY MANAGE ITS BORROWING FROM RETAIL BANKS
By Tinkerbel Mwila Economist Mathews Muyembe is calling on government to prudently manage its borrowing from…
STANBIC ZAMBIA PREDICTS RISE IN ZAMBIA`S PRIVATE INVESTMENT THIS YEAR
By Michael Kaluba Stanbic Zambia Limited has predicted that private investment in Zambia will rise in 2022 against a backdrop of improving economic conditions and a more business-friendly environment while foreign direct investments are likely to rebound in the coming quarters. Stanbic Bank Head of Global Markets Victor Chileshe also predicts that…
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ZESCO AND CEC COMMENCE PROCESS OF RENEWING BULK POWER SUPPLY AGREEMENT
By Chileshe Mwango ZESCO Limited and the Copperbelt Energy Corporation –CEC- have commenced initials that will…
ZRA EXCEEDS REVENUE COLLECTION TARGET FOR FIRST QUARTER OF 2022
By Leah Ngoma The Zambia Revenue Authority-ZRA- says it has in the first quarter of 2022, exceeded the revenue…
IMPORTATION OF ONIONS CONTINUE DESPITE SUSPENSION
By Prudence Siabana The Cross Border Network Africa, an organization promoting and facilitating Small and Medium Enterprises –SMEs- in Africa has disclosed that the importation of onions has still continued with trucks being allowed to enter Zambia despite the suspension on onion importation. Addressing the media in Lusaka today, Network Chairman…
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