Home » Archives by category » Business (Page 180)
City market as management says it lost 15,000 in levies

429 Views Normal business has resumed at Lusaka’s City Market after it was grounded to a halt on Monday July 22,2013 following a protests. A check by Zambian Eye revealed that both traders and marketeers are doing their normal business at the market. And City Market management said over K15,000 was yesterday lost in levies […]

Continue reading …

292 ViewsFirst Quantum Minerals Limited has rescinded its decision to lay off 500 employees at the Sentinel Mine at Kalumbila currently under construction. This follows a decision by the government to allow the mine resume the construction of the Chisola Dam, which was halted by the Zambia Environmental Management Agency (ZEMA) in May. FQM spokesperson […]

Continue reading …

444 ViewsThe hosting of the forthcoming United Nations World Tourism Organisation (UNWTO) conference in Livingstone, among what Secretary to the Treasury, Frederick Yamba terms as “several unanticipated expenditures that have arisen in 2013” is being blamed for breaching this year’s budget. According to the latest documents, some as recent as a week old, seen by […]

Continue reading …
We will never knowingly sell harmful products – Zambeef

436 Views Zambeef says it has taken steps  to address market concerns over imported beef products. Zambeef Chief Executive Officer Francis Grogan  said in a statement on Saturday July 20,2013 that the company is commitment to providing high-quality and safe food to its customers. He said the board of directors at Zambeef takes food safety […]

Continue reading …
Tourism Minister Sylvia Masebo Opens 7th STACS in Livingstone.

349 ViewsBy Richard Akashambatwa Southern Province Tourism, Agriculture and Commercial show has received an overwhelming support from both national and local business houses that are exhibiting at the 7th STACS held in the tourism capital of Livingstone. Hon Sylvia T. Masebo officially opened the show today and said Tourism, Agriculture and Manufacturing are the three […]

Continue reading …

318 ViewsGovernment 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 […]

Continue reading …
Kwacha to sell between K5.43, K5.53 this week

340 ViewsThe 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 […]

Continue reading …

295 ViewsThe 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 […]

Continue reading …
The Black Billionaires 2013

402 ViewsSaudi-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 […]

Continue reading …
Financial Market updates: Zambeef drops

285 ViewsBy 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 […]

Continue reading …