Home » Archives by category » Business (Page 2)
Trade between Zambia and India exceeds US$1 billion

562 ViewsThe Zambian Mission in New Delhi says trade between Zambia and India exceeded the US$1 billion target in the year 2018. A statement released by First Secretary Press and Tourism, Bangwe Naviley, reveals that trade between the two countries improved from US$650 million in the year 2016 to US$980 million for the year 2017 and […]

Continue reading …
“illegal Tollgates in townships”

1,015 ViewsI had a very humbling encounter just now. Be warned, a bit of sensitive language but the gospel must be shared. As I was passing through Mtendere this morning, came across what has become a common feature in our compounds, illegal Tollgates amounted by our jobless youths where we are forced to pay something […]

Continue reading …
Mutale explains Zambia’s privatization ‘mess’

1,296 Views“I think that, in the fullness of time, when all the numbers are finally tallied up and the last statements recorded, the Zambian privatisation programme will rank as the biggest fraud in economic history.” By Bivan Saluseki Sunday December 16, 2007 [03:00] ZAMBIA’S privatisation programme ranks as the biggest fraud in economic history, discloses […]

Continue reading …
I’ve also been implicated that I sold the Cold Storage Board – President Lungu

1,764 ViewsI’ve also been implicated that I sold the Cold Storage Board and that I pocketed the money, President Lungu said today. And President Lungu said he is yet to decide on whether to setup a Judge led inquiry into the privatisation programme. Commenting on the matter after information emerged that he also participated in […]

Continue reading …
I have never privatised anything -HH

2,711 ViewsUPND President has stated that the Commission of inquiry in the privatisation process is a non issue as he was never in government at the time the process was taking place. Hichilema says the inquiry must include the 42 million dollars acquired fire engines, 68 million dollars private jet, road and health exaggerated deals […]

Continue reading …
The Privatization Story

673 ViewsBy Pamela Chisenga Before its independence from British colonial rule in 1964, Zambia had a booming private sector that was mostly foreign owned. The mines were for instance owned by 2 mining corporations – Anglo-American Corporation and Roan Trust. Post independence, private sector growth flourished due to government investment in infrastructure and social services […]

Continue reading …
Privatisaion Inquiry will cost money but let’s go for it – Chibamba Kanyama

841 ViewsEconomist Chibamba Kanyama has supported calls to have an Independent enquiry on Privatisation. Kanyama says though the process is going to be expensive for the country but it is worth going for it. He says in a statement below that the enquiry would bring to rest the debate on the issue. “I am one of […]

Continue reading …
State House confirms Lungu’s participation in privatisation

2,950 ViewsState House has confirmed that President Edgar Lungu participated in the privatisation program. Spokesperson Amos Chanda confirms that President Lungu was chairman in the sell of Zambia Cold Storage Limited to foreigners during the privatisation. Chanda has however called for a the setting up of an inquiry that should be led by a Judge. He […]

Continue reading …
ZRA clears Kagem Mining of tax evasion allegations

748 ViewsKagem Mining Limited has been cleared of wrongdoing following recent tax investigations by the Zambian Revenue Authority, its parent company Gemfields has announced. The investigations commenced on August 16, 2018 when the ZRA served two search warrants during a raid on Kagem mining. The search warrants were served on Kagem and another company – […]

Continue reading …
Zambian Breweries sales Coca-Cola business, focuses on clear beer

1,106 ViewsZambian Breweries has finalised the sale of its Coca-Cola bottling business to Coca-Cola Beverages Africa (CCBA) in a move that paves the way for it to focus fully on its clear beer operations. The transaction follows shareholder and regulatory approval and is part of Coca-Cola’s wider restructuring of its bottling and distribution business across […]

Continue reading …