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2020 economic prospects are positive – Lungu

2020 economic prospects are positive – Lungu

1,142 Views…. Projections include a real growth rate of 3% President Edgar Lungu says the economic prospects for 2020 are positive, reports Smart Eagle a PF publication. The Head of State says projections include a real growth rate of 3 percent and inflation to be maintained within the range of 6 to 8 percent. President […]

Kagem signs collective agreement with unions

931 ViewsKagem Mining, which operates the largest emerald mine in the world, in Lufwanyama, has signed a collective agreement with unions under which unionised employees will receive a 10% increase in basic salary for 2020 and a further 10% increase for 2021. The company is owned 75% by London-based Gemfields in partnership with the Industrial […]

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British Prime Minister, African leaders urge investors to accelerate economic role on the continent

1,108 ViewsUK companies must leap at the chance to deepen economic ties with Africa, a continent with unmatched investment opportunities, several African leaders said at a high-level panel. At an oversubscribed opening ceremony for the 2020 UK-Africa Investment Summit, Monday, attended by dignitaries and delegates from 16 African countries, including President El Sisi of Egypt, […]

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ZCCM-IH records K107 million loss

1,533 ViewsZCCM Investment Holdings has recorded a loss of K107 million in 2019 compared to K433 million profit in 2018. This came to light during the 2019 Annual General Meeting in Lusaka Tuesday afternoon. ZCCM-IH Chief Financial Officer Chilandu Sakala has attributed the loss to decreased dividends from investee companies such as Kansanshi Mine. And […]

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Genuine politics in the energy sector – lessons from Eskom

1,123 ViewsBy Eng. Geoffrey Chishimba Chiyumbe Political parties in South Africa, from the ruling party to the opposition have overwhelmingly welcomed the resignation of Eskom’s chair and affirms the move as a show of credibility, responsibility and accountability. I know myself with absolutely no inch of doubt at all, that I am a very wise […]

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Free markets for Africa now!

694 ViewsBy Linda Kavuka Free and fair trade between African nations and the rest of the world is the best – and perhaps the only – way to unleash the potential of African markets, grow economies and deal a crippling blow to the soaring poverty rates of this continent. Just look at Botswana with per […]

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Maamba Collieries’ power generation back to full capacity

1,012 ViewsMaamba Collieries’ 300 MW coal-fired power plant has returned to full generation capacity and is supplying the full contracted power to ZESCO.   The country’s largest independent power producer is now supplying almost 25 percent of the nation’s power, based on the estimated 1,080 MW of power currently being distributed in Zambia. Maamba Collieries chief […]

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HH tips government on small businesses

2,017 ViewsUPND leader Hakainde Hichilema has advised government to transform the Development Bank of Zambia (DBZ) and the Citizens Economic Empowerment Commission (CEEC) into venture capital institutions that will finance the growth of Zambian startups and SMEs. Commenting on a recent study which placed Zambia at par with Nigeria as the leading African country in […]

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HH promises to tap into US$420 billion electric car industry

2,912 ViewsUPND leader Hakainde Hichilema says Zambia is well placed to win big as the world moves towards the use of electric vehicles – an industry he says is expected to be the fastest growing in the next 10 years. Hichilema says the country must seize the opportunity by setting up a factory to manufacture […]

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ZESCO and CEC have a symbiotic and synergistic relationship

1,808 ViewsBy Eng. Geoffrey Chishimba Chiyumbe “No matter how nimble, innovative, or globally networked your organization or business is, it will run smack into the limits of its capabilities just by virtue of operating in today’s dynamic world. To push through these limits, you need to tap into a nearly bottomless force of adaptability known […]

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Start: 2019-07-01 End: 2019-07-31