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Why the Kwacha is depreciating

1,009 ViewsBy Chipindi Caleb Fundanga  Zambia as it stands is one of the worlds biggest producers of copper and Copper remains Zambia’s biggest export commodity. Konkola Copper Mines (KCM) is currently in a battle with government over the introduction of sales tax. A measure which government has put in place as a method to account […]

597 ViewsZambia’s High Commissioner to India Judith Kapijimpanga has invited Kirloskar Group, a 125-year-old multimillion dollar Indian company manufacturing small tractors, oil engines, generator sets and water pumps. “Initiatives such as small tractors technically known as power tillers have helped India to be food sufficient despite having a 1.3 billion population,” Kapijimpanga said. Speaking in […]

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1,458 ViewsThe Zambian Kwacha has continued to lose value, breaching the K14 psychological mark against the US dollar. The local currency, which has been on a downward trajectory against major currencies like the greenback and the British pound, is now running towards the K15 per dollar Commercial banks are now quoting the US dollar at […]

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799 ViewsAt least 30 Indian businesswomen have declared interest in Zambia as a destination of choice for trade and tourism. Speaking when a delegation of 30 women where hosted at Zambia High Commission in New Delhi, India, Womenovator Founder Tripti Shinghal said the delegation was interested in discussions that would result in visible progress. “Womenovator […]

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Barrick Gold looking for Chinese buyer for Lumwana Mine, according to Reuters

663 ViewsBarrick Gold Corp, the world’s second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said. Fresh from two major deals in recent months, Barrick has said it plans to shed $1.5 billion […]

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TAU Head of Business faculty tips Govt on kwacha stability

734 ViewsTexila American University Head of Business, Agape Kapasa, says in order to create stability in Zambia’s currency, there should be better management of external debt. Dr Kapasa says with the recent revelations by the Bank of Zambia Governor with regards the depreciation of the value of the Kwacha, management of external debt should be […]

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HH calls for urgent dialogue on Economic recovery

952 ViewsLeader of the main opposition Hakainde Hichilema of UPND has called for an urgent Economic National Dialogue. Hichilema better known as HH made the call in a statement below availed to Zambian Eye. The UPND Leader who is an Economist says instead of wasting time and resources at the ongoing PF engineered National Dialogue […]

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Losing the PR war, the Kwacha has become a Teenager

2,053 ViewsSo you have an economic crisis and the news coverage is negative everywhere. The IMF has refused to deal with you and you have decided to go it alone. In the end you blame everyone. You blame the imperialistic West. You blame economic saboteurs. In the end you even claim it is an evil […]

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‘Reduced foreign reserves causing kwacha fall’

818 ViewsA Financial analyst has noted that the reduction in foreign reserves has contributed to the depreciation of the kwacha against major currencies. Blessings Kafwanka says the local unit, which by the close of business on Friday last week was trading at K13.00 per US dollar from 11.00 earlier in the week, is losing value […]

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485 Views UZI Zambia, the fourth mobile network provider in the country is expected to launch its on operations in October, Minister of Transport and Communications Brian Mushimba has confirmed. Dr. Mushimba says ZICTA has accorded UZI mobile network another six months extension as requested by the company to fully install the technical issues such […]

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