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Update on Exchange Rate

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Update on Exachange Rates

20 ViewsExchange Rates (A single unit to the Zambian Kwacha) Currency                             Buying                  Selling US Dollar                             5.5546                   5.5646 GB Pound                            9.1529                   9.1705 Euro                                     7.5493                   7.5634 SA Rand                               0.4917                   0.4970   Source: Bank of Zambia Date: 30 Jan 2014

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Zambia is headed for doom under Sata – HH

18 ViewsOpposition UPND president Hakainde Hichilema has maintained that Zambia’s economy and governance affairs were being mismanaged under the PF government even going by simple economic and governance indicators and harsh conditions of life that people were currently being subjected to. Reacting to president Michael Sata’s accusations yesterday that he was just a reckless rumour-monger […]

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The Proposed Creation of INDECO: A Critique

61 ViewsBy Henry Kyambalesa From the late 1960s to 1991, the Zambian economy was managed by means of socialist state policies, which barred both local and foreign private investors from certain commercial and industrial sectors of the economy. Dr. Kenneth D. Kaunda made the policy pronouncements which ushered in an era of both parastatal and […]

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38 ViewsKantanshi Copper Mine in Solwezi has allegedly employed 38 more Chinese nationals in the construction department and laid off 20 more Zambian contractors Reports that have reached the Zambian Eye through affected workers who did not want their names mentioned said the number of Zambian constructors who have been so far been laid off […]

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22 ViewsOpposition UPND president Hakainde Hichilema laid out an agenda and policy that will ensure his government starts by embarking on a five-year plan that will place emphasis on empowering Zambian youths, women and people with disabilities. Addressing youth entrepreneurs from various parts of the country over the weekend, in Lusaka, Mr. Hichilema said as […]

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Why Education in Local language is retrogressive to National Development

28 ViewsBy Hjoe Moono Sometime last year, there had been numerous rants by the Hon. Minister of Justice, Honorary. WynterKabimba, MP (appointed) for the introduction of local languages as a medium of learning in schools from primary school to high school in Zambia. I now hear that this has reached advanced stages and local language […]

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INDECO a tool for modernization, diversification of economy – Sata

19 Views LUSAKA, Wednesday, January 8, 2014 – His Excellency, Mr Michael Chilufya Sata, President of the Republic of Zambia, says the Industrial Development Corporation [IDC] will be a tool for the modernization and diversification of the economy in order to create jobs, wealth and prosperity for the Zambian people. The Head of State says […]

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The Curse of the 10% Property Transfer Tax to Zambia: The death of the Real Sector, Birth of Illegal Real Sector and Fat Cheques for Lawyers

19 ViewsLast year, the Hon. Alexander Chikwanda, MP, Minister of Finance announced among other measures aimed at raising domestic revenue in the 2014 National Budget an increase in the Property Transfer Tax(PTT) from 5% to 10% with the aim of raising $10million. I have not yet seen nor heard outcries from the key players in […]

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Chikwanda signs loans with China

26 ViewsThe Zambian and Chinese Governments have today signed two multi -million dollar bilateral agreements to accelerate development in different sectors of the economy. The grants are worth 183 million kwacha and an interest free loan of another 183 million kwacha which is to be repaid over a period of 20 years. Speaking at the […]

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