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Inflation rates drops to 7.1

127 ViewsThe annual rate of inflation for the month of August has reduced by 0.02 percentage point from the July rate. The inflation for August is now at 7.1 percent as compared  to 7.3 percent in July. Central Statistic Office (CSO) Director John Kalumbi said food and non alcoholic beverages  accounted for 3.5 percentage points […]

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Barclays introduces depositing through ATM

696 ViewsBarclays Bank Zambia has introduced a system which will enable its customers deposit money through the Automated Teller Machine (ATM) slots. Barclays Bank Zambia Managing Director, Saviour Chibiya announced the development in Lusaka on Wednesday night, August 28, 2013. Chibiya said the initiative will make the banking for its customers easy. He said the […]

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194 ViewsGovernment says it is commitment to address challenges associated with cyber security in the country through the creation of an enabling policy and regulatory framework. Ministry of Transport, Works, Supply and Communications Permanent Secretary Charity Mtonga says her ministry is also committed to ensuring that citizens have access to quality and secure communications that […]

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Total and Puma responsible for fuel shortage – Minister

178 ViewsThe Zambia government has accused Total and Puma Oil companies of being behind the shortage of fuel being experienced in some parts of Lusaka. Energy Minister Christopher Yaluma said in Lusaka on August 18, 2013 that the fuel shortage being experienced were as a result of the two Oil companies not collecting the commodity […]

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Chinese Government provides 300 million for L400 Lusaka roads

293 ViewsThe Chinese Government has provided US$300 million for the construction of 400 km to be constructed in Lusaka under the project dubbed L400. Under the project over 400 km of roads in the City will be worked on at a cost of K1.8 billion. The project involves the rehabilitation, construction and upgrading of 400km […]

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Donald Kaberuka: Planning For An Economically Successful Africa

148 ViewsDonald Kaberuka‘s performance has been described by some as ‘flawless’. His endeavours to improve growth and development in many African countries have earned him much acclaim. Kaberuka has stepped-up the African Development Bank’s (AfDB) role in financing major infrastructure projects in all African regions, committing more than $12 billion to these projects in the […]

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Magande explains budget deficit

309 Views  A deficit is the difference between tax revenues and expenditure in a budget. During my time as Minister of Finance and National Planning, there were planned deficits and these were announced at budget presentation time and during budget briefs during the year. Due to the heavy foreign debt of US $7.2 billion, there […]

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Shamenda says PF govt has created 316, 089 jobs

233 ViewsActing Chief Government Spokesman Fackson Shamenda has disclosed that the ruling Patriotic Front (PF) has so far created 316, 089 jobs since it came in government. Shamenda who is also Labour Minister released the latest figure of jobs on Monday. He said 218, 344 jobs were created in Tourism Sector, 27, 369 jobs were created in […]

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Chikwanda admits but underplays budget deficit

273 ViewsThe Zambian government has now accepted that they have a deficit in its 2013 National Budget after disputing reports recently. Minister of Finance Alexander Chikwanda admitted Sunday, August 11, 2013 before the Press in Lusaka but he underplayed the development as normal. admits “Yes there is a budget deficit but deficits are normal. It happens everywhere and there is […]

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Council of Churches commends govt for reviewing Mining regulations

193 Views    The Council of Churches in Zambia (CCZ) would like to commend the government, through the Ministry of Mines, Energy and water Development for embarking on a programme to review Zambia’s mining regulations. As a Church mother body that seeks to promote transparency and accountability in the management of natural resources, we have over […]

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