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Of Anglo American, transparency and you

Of Anglo American, transparency and you

229 ViewsAnother reason you need ATI. For those who have been following us for sometime, you will recall that at one time we said the UPND’s government biggest scandal if ever they will be one will not be the Alpha Commodities Fertiliser scandal but it will come from the mining sector. Indications so far are […]

Anglo American back to Zambia

273 ViewsMining Giant, Anglo American is back to Zambia after existing the country in 2001, reports Asa Manda. Anglo American this time is coming through a join venture with Arc Minerals (ARCMALL). The development has been revealed by Reuters News Agency in a story below monitored by Zambian Eye. CAPE TOWN, May 12 (Reuters) – […]

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It’s a lie. FQM is putting butter on our faces

211 ViewsBy Miles B. Sampa, MP Foreign Mine Investors are like a Religion with one doctrine. ‘Thou Shall be Clever and Pay close to Zero Tax’. The over $1BN FQM promissory ‘investment’ into our Copper still underground will be spent on equipment and machinery bought from group companies abroad. They also ‘pay’ 16% VAT on […]

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HH, Ramaphosa meet

234 ViewsPresident Hakainde Hichilema (HH) has held talks with his South Africa counterpart Cyril Ramaphosa. The Zambian leader who is in South Africa attending Africa Mining Indaba met his counterpart on the sidelines of the meeting. President Hichilema announced in a Facebook post monitored by Zambian Eye this evening. Fellow citizens. Earlier today, we held […]

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$1.8 billion for Kansanshi mine

105 ViewsThe First Quantum Minerals has approved $1.25 billion mine expansion in Zambia, reports Reuters. First Quantum Minerals said on Sunday that its board has approved plans for a $1.25 billion expansion of the company’s Kansanshi copper mine in Zambia, first floated in January 2020, a decision the miner said was prompted by “renewed confidence” […]

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Times Printpak Zambia Limited not for sale, despite President HH’s suggestion- gvt

444 Views The government has assured the nation that Times Printpak Zambia Limited has not been put up for sale, despite President Hakainde Hichilema’s suggestion that it could be commercialised. In his interaction with the media recently, as part of the commemoration of the World Press Freedom Day (WPFD), President Hichilema engaged in a brainstorming […]

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The Gambling Business is Africa

393 ViewsThe lottery monitoring system was launched in Nigeria just a couple of months ago. According to the General director of the National Lottery Regulatory Commission, after the introduction of the monitoring system, the lottery business became the main source of income for the country. The Director of the commission also said that the management […]

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Local firm sets aside US$300m for solar farms in 7 Provinces

451 Views A local independent power firm AKUS Solar Power Enterprise has expressed interest to invest US$300 for renewable energy projects in the country. The company wants to establish solar farms in 7 out of the country’s 10 Provinces. Each farm will have an installed capacity to generate 200 megawatts to be fed into the […]

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Small Scale Cross Traders intra-trade volumes worry government

297 Views The government has expressed concern over the volume of intra-trade between Small scale Cross Traders who are not included in the tax basket. Permanent Secretary in the Ministry of Finance, Trevor Kaunda says it is worrying that small scale Cross Traders transacting below US$2,000 are not captured by the Zambia Revenue Authority. He […]

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Maintaining Kwacha’s appreciating trajectory

462 Views Zambia relies heavily on copper exports which account for a staggering 70% of export earnings, as such, the Kwacha responds to forex earnings which are dependent on copper prices and production, market watchers note. Meanwhile, according to economists, the recent appreciation of the local currency which was necessitated by China’s coming on board […]

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