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75% Electricity Tariff hike

By Hjoe Moono Following the approval of the 75% increase in electricity tariffs, I have heard on radio and TV, and even read in the newspapers that government is warning manufacturers and business houses not to adjust their prices upwards in light of the increase in electricity tariffs. The Minister of Energy, Hon. David Mabumba […]

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First Quantum Minerals push copper output up by 11 percent

Copper production at Kansanshi mine and the ramp-up of production at Sentinel mine helped push First Quantum Minerals’ copper output up by 11 percent year-on-year, according to the company’s financial results for the first quarter of 2017. Strong performances at the company’s Las Cruces mine in Spain also helped bolster total copper sales to 132,356 […]

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ZRA freezes Lamasat bank accounts over K14 million debt

The Zambia Revenue Authority has written to Finance and Barclays Bank, ordering the financial institutions to freeze the accounts of Lamasat International Ltd over unpaid taxes amounting to K14 million. According to a garnishee order signed by director for treasury Benjamin Simpungwe, ZRA wants the banks to remit any monies in the company accounts to […]

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Zambia records maize bumper harvest, lifts export ban

Zambia has recorded a maize bumper harvest of over 3,606,549 metric tonnes. And Government has since lifted the ban on export of maize and maize products. Minister of Agriculture Dora Siliya announced this in Lusaka today when she released crop forecast estimates for 2016-2017 season. Ms Siliya said the country has also recorded increases in […]

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ERB okays electricity tariffs hike by 75%

The Energy Regulation Board (ERB) has approved the application by ZESCO to increase electricity tariffs by 75%. The adjustment will be effected in two phases of 50 percent effective 15th May, 2017 and 25 percent to be effected on 1st September, 2017. ERB Acting Board Chairperson Professor Francis Yamba has told a media briefing in […]

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“Bus campaniles involved in accident must face heavy penalty”

Bus companies such as Euro-Africa Bus Services, Kobs Coach Services, CR Holdings, Power Tools, Mazhandu Family Bus Services and many others involved in passenger business should face heavy fines if they are involved in a road accident leading to loss of life or serious injuries. A research by Zambia Road Safety Trust (ZRST) in the […]

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US$40 Million deal for construction of 150 housing units inked

Hawai Estate and Lamasat International Zambia Limited have signed a partnership agreement for the construction of more than 150 housing units in Lusaka at a cost of US$40 million. Speaking at the signing ceremony held at Radisson Blu Hotel on Saturday ,Minister of Housing and Infrastructure Ronald Chitotela stated that Govt is committed to securing […]

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Zambian maize attracts Johannesburg Stock Exchange

DURBAN, South Africa – The Johannesburg Stock Exchange (JSE) is setting up a contract for Zambian maize that will be denominated in U.S. dollars. The contract will add liquidity to the Zambian market and provide the South African grain industry with better access to Zambian grain. “We are in the process of launching a contract […]

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Zambian Breweries partners with TEVETA institutions

Zambian Breweries has pledged to support the Technical Education, Vocational and Entrepreneurship Training Authority (TEVETA) with the development of practical skills for its students and also to donate available plant and equipment to the institution. During a visit and tour of the company’s Mungwi Road plant in Lusaka by TEVETA principals last month, Zambian Breweries […]

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The Young African Leaders Initiative (YALI) has called on Government to clearly outline and segment which economic sectors will create the projected 200,000 decent jobs annually in order to attain the goal. YALI President Andrew Ntewewe who has welcomed the pronouncement by President Edgar Lungu that his Government will create 200,000 decent jobs annually within […]

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