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RB sues PACRA

RB sues PACRA

412 ViewsFormer President Rupiah Banda and two others have sued the Patents and Companies Registration Agency -PACRA- and 29 others for allegedly changing and adding shareholders and directors to their company. Mr. Banda, James Banda and George Chabwera allege that PACRA and 29 others changed and added shareholders and directors to Nyize Enterprises Limited without […]

World Bank downgrades Zambia’s GDP to 3.3%

285 ViewsWorld Bank downgrades Zambia’s GDP growth to 3.3% from 4.3 per cent in its latest Economic Brief released in Lusaka. This is triggered by dampened agricultural activity, among other factors. And World Bank country manager Dr Ina-Marlene Ruthenberg says the country’s lending rates remain too high for the private sector to borrow credit and […]

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Stanbic comes to the aid of orphans

440 Views Stanbic Bank Zambia has partnered with Habitat for Humanity to build a house in Freedom township for Luke, Elita, Elina and Mary Simuyaba; a young family of four that has been struggling to make ends meet from the time they lost both parents. The donation of the house in Chilanga–means the four youngsters […]

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The negative noise is killing Zambian economy – Economist Haabazoka

1394 ViewsEconomist Dr Lubinda Haabazoka has charged that the the negative loud talk is killing the economy in Zambia. Dr Haabazoka who is also the president of Economic Association of Zambia (EAZ) says citizens need to avoid the negative talk and exhibit patriotism to serve the Zambian economy. Following reports of suspension of Aid by […]

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No one will frustrate our efforts to restructure the tobacco industry – TBZ

716 ViewsTobacco Board of Zambia (TBZ) Executive Officer James Kasongo says he would rather have reduced Tobacco production with a well-structured marketing system as opposed to an increased production that benefits only few individuals. Speaking at the official opening of the stakeholders meeting in Lusaka Wednesday, the TBZ CEO says his efforts to restructure the […]

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Zambia under financial pressure

1647 ViewsZambia is under intensive financial pressure with President Lungu now giving a one-week ultimatum that those involved in theft of donor money be brought to book. This follows the freezing of donor aid by the United Kingdom. And with the story making international headlines, the Kwacha, the local currency depreciated against the major currencies […]

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HH is inciting Zambians to rise against the Chinese – PF

1787 ViewsThe ruling party, Patriotic Front (PF) has accused opposition leader Hakainde Hichilema (HH) of inciting Zambians to rise against the Chinese Nationals in the country. And the PF has appealed to the International community and Human rights bodies to take an interest in HH and what they call a clique of some foreign funded […]

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Govt desperate for cash, cars are moving even more slowly than usual as motorists are fleeced

1349 ViewsTHE cars in Lusaka are moving even more slowly than usual: hidden speed cameras have spooked drivers in Zambia’s capital. The government is desperate for cash, so motorists who speed are being fleeced. The regime has also announced taxes on boreholes, internet calls and even weather reports. “The pressure is falling on the ordinary […]

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KCM is an important part of the Zambian economy – British Envoy

1288 ViewsBritish High Commissioner to Zambia his Excellency Fergus Cochrane – Dyet has said KCM plays an important part in the mining sector and economy of Zambia. He said this when he visited KCM operations in Chingola yesterday. The High Commissioner noted that Zambians are benefiting from the mine through employment and the company’s robust […]

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How to identify and mitigate risks in a small business

799 ViewsAlthough small and medium enterprises (SMEs) face a number of the same risks and challenges as large businesses, their limited capacity to absorb subsequent profit losses can severely affect the business’s cash flow, and in extreme cases, lead to bankruptcy. This is according to Alison Lungu, Country Manager at Business Partners Zambia (BUSINESS/PARTNERS), who […]

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