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Why is HH defending mines instead of defending Zambians?

Why is HH defending mines instead of defending Zambians?

174 ViewsBy Antonio Mwanza HH says The Mines can’t wait to have him as President because he has promised them that he will revert to VAT and so that the mines can continue getting the lavish VAT – refunds. One would have thought that as a leader of the biggest opposition political party Mr Hakainde […]

2019 will be a year of economic misery – former Finance Minister

1,013 Views2019 will be a year of economic misery, former Minister of Finance Situmbeko Musokotwane has charged. In his New Year as opposition UPND  Chairperson for Economics, Situmbeko predicted a difficult year for Zambia under the PF government. Dr Musokotwane served as Minister of Finance under Rupiah Banda’s MMD. He is currently a member of […]

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Ndola Council is delaying development – PF MP

1,004 ViewsA Member of Parliament from the ruling party, PF for Bwana Mkubwa says the Ndola City Council is delaying development in his constituency. The Lawmaker revealed this in a press statement below made available to Zambian Eye: NDOLA CITY COUNCIL BUREAUCRACY IN CDF DISBURSEMENT DELAYING DEVELOPMENT PROJECTS IN BWANA MKUBWA – DR CHANDA Lusaka, […]

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SACCORD calls for quick solution to mine tax impasse

794 ViewsThe Southern African Centre for the Constructive Resolution of Disputes (SACCORD) says it has taken note of and is concerned about the impending impasse between the Zambian Government and the mining companies over the newly introduced sales tax regime. In a statement issued to the media, SCCORD executive director Boniface Cheembe, said the impasse […]

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Power ‘safe’ for human consumption

982 ViewsVarious laboratory tests carried out on Natural Power SX Energy Drink have confirmed that product is safe for human consumption. This is according to test results obtained from the Zambia Bureau of Standards, the Uganda National Bureau of Standards, the Malawi Bureau of Standards and the South African National Accreditation System (SANAS), a public […]

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Zambia doomed

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Zambia doomed

1,032 ViewsEvery macroeconomic indicator on debt sustainability for the country has been breached. The country’s debt, officially standing at US$15.94 billion as at end of June 2018 represents a Debt to GDP ratio of 61% (based on 2017 GDP of US$25.81 billion). The Africa convergence criteria under COMESA member states stipulates that Debt-GDP ratio shall […]

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Stanbic Anakazi support brings local business to life

1,223 ViewsWhen Cynthia Chitalu Sindani moved back to Zambia from South Africa in 2016 she had no idea she would be the owner of a fast-growing car dealership. As a seasoned entrepreneur Ms Sindani saw an opportunity to enter the car supply business and a year-and-a-half later her company, Red Olive Motors, is growing from […]

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Mines Contribute $1 billion to treasury – EITI report

498 ViewsLatest figures from the Extractive Industries Transparency Initiative (EITI) reveal the mining sector accounted for more than a quarter of the Zambia government’s income, contributing K10.72 billion – over US$1 billion – in 2016. The country’s largest taxpayer, First Quantum Minerals (FQM), accounted for 41 percent of the industry’s tax payments through its subsidiaries […]

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Preliminary review of the Zambian economy in 2018 and outlook for 2019

793 ViewsBy Margaret D. Mwanakatwe, MCC, MP, Minister of Finance OVERVIEW Economic performance in 2018 remained generally resilient. The performance was supported by relative macroeconomic stability as well as less volatile commodity prices particularly for copper. This notwithstanding, several downside risks to the economic performance encountered included: continued global trade tension; and, rise in global […]

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Trade between Zambia and India exceeds US$1 billion

560 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 […]

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