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Government has clarified that it has not banned the export of emeralds and other producers in Zambia by Kagem Mining Zambia Limited. Minister of Mines, Energy and Water Development Christopher Yaluma says the exportation of emeralds will go to respective countries of buyers in line with the existing export guidelines. Yaluma said government as a […]

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The Standard Chartered Bank has indicated that the Kwacha was expected to be range bound this week between K5.430 and K5.530 against the United States dollars for bid and offer respectively. And the Zambia National Commercial Bank (ZANACO) has observed that the US dollar was likely to test the Kwacha’s resilience in the short term […]

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The business community in Kalabo district of Western Province  has complained of serious shortage of the newly introduced coins currency in circulation in the district. Kalabo Merchants Association Spokesperson Samuel Masiye disclosed to the Zambia News and information Services(ZANIS) in Kalabo. Masiye said there was a serious shortage of both one kwacha and fifty ngwee […]

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Saudi-Ethiopian billionaire Mohammed Al-Amoudi is no longer the richest black person in the world. He has been ousted by Nigerian cement tycoon Aliko Dangote, who is worth an estimated $16.1 billion. That’s $2.6 billion richer than Al-Amoudi. American TV mogul Oprah Winfrey and newcomer Isabel dos Santos of Angola are the only black female billionaires […]

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By Richard Akashambatwa Zambeef (z) Limited recorded a slight drop in the share price on Lusaka Stock Exchange of Kr0.05 while National Breweries and Larfarge increased by kr0.10. Zambeef drop in share price can be attributed to the ongoing investigations into the alleged contamination of their imported products. Trading activity also was recorded in CEC, […]

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Local Government Minister Emmerine Kabanshi has threatened to dissolve the Livingstone City Council if it does not show remorse. Kabanshi told Parliament in a statement on Thursday June 26 that the council has not not shown any repentance since it was suspended for among other things illegally suspending the Town Clerk. The Minister said the […]

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Mines Deputy Minister Richard Musukwa says Zambia has one of the best Mine regulations on the continent. Musukwa said the country also has the most stable and predicable policy on the industry. The Deputy Minister who was addressing an international conference on the mines in London said this is important because Mining is a long […]

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Zambeef Plc is facing a challenge in winning back the confidence of the Zambian people after revelations that it was using a chemical to preserve its imported meat products. A random check at most Zambeef outlets in Lusaka revealed that only a sizable number of people are getting into the company’s outlets in the capital […]

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President Michael Sata says he decided to remove subsidies because he wanted to improve the country’s transport sector. The President said the bad transport system had greatly affected the poor. He has since called for the improvement of the sector. President Sata said this when he swore in Transport Works Supply and Communication Permanent Secretary […]

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By Malcolm Gongs Jhala PF budget performance: Q1 January to March 2013 > Budgeted Revenue and Grants – Kr5.9 billion (actual: Kr5.1 billion) > Budgeted Expenditure – Kr8.2 billion (actual: Kr8.1 billion) > Deficit to be financed – Budgeted Kr2.3 billion (actual: Kr3 billion) The increase in budget deficit for Q1 meant government had to […]

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