Category: Business

Mines Union of Zambia President Joseph Chewe prods government to expedite Konkola Copper Mines liquidation…as Richard Musukwa vows to protect Zambian interests


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Mines Union of Zambia President Joseph Chewe prods government to expedite Konkola Copper Mines liquidation By Derrick Sinjela and Luswepo Mutepuka Kwilanzi News Zambia MINES Union of Zambia (MUZ) President Joseph Chewe is urging Government to expedite the liquidation process at Konkola Copper Mines, as doing so is in the best interest of miners and surrounding communuties. In May 2020, the Zambian Government filed an official document before the Lusaka High Court indicating interest to commence the liquidation of assets at Konkola Copper Mines (KCM), the world’s wettest mine, majority-owned by Vedanta Resources, an Indian firm. But Mr. Chewe says there...

‘Tortoise K10 billion Bank of Zambia stimulus package disbursements’ worries Kelvin Chisanga


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‘Tortoise K10 billion Bank of Zambia disbursements worries Kelvin Chisanga By Kelvin Chisanga, Communications Specialist BOZ Stimulus Package currently on low economic endorsements, a portion swayed to social benefits on Individuals and households! The K10 billion stimulus package that was set up primarily to cushion the aggressive economic impact driven by COVID-19, was facilitated as a targeted and focused forward-looking economic measure as tactical tool to help in revamping the local economy through refinancing of economic agencies on a medium term conditions, with a maximum repayment tenure cycle of five years for strategic projects and minimum of two years based...

Friday 11th September 2020 Transparency International Zambia (TI-Z) Chapter President Rueben Lupupa Lifuka Media Statement on the 2019 Trends Analysis Report by the Financial Intelligence Centre


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Friday 11th September 2020 TI-Z Media Statement on the 2019 Trends Analysis Report by the Financial Intelligence Centre By Rueben L. Lifuka Chapter President Transparency International Zambia House No. 128 Mwambula Rd Jesmondine P.O. Box 37475 Lusaka, Zambia Telefax: +260 1 293649 E-mail: tizambiageneral@gmail.com Website: www.tizambia.org.zm TRANSPARENCY International Zambia, has taken some time to critically review the 6th Money Laundering and Terrorist Financing Trends Report for the year 2019 released on Wednesday 2nd September 2020. This report was much anticipated by the general public for several reasons. Firstly, the Financial Intelligence Centre has in its short period of existence, earned...

Kelvin Chisanga’s currency prayer: “Zambian Kwacha’s outright performance needs serious housekeeping!


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Kwacha’s outright performance needs serious housekeeping! By Kelvin Chisanga, Communications Specialist in Lusaka, Zambia On Monday 7th September 2020, this week, we saw the Kwacha continued in sliding against the US dollar as supply from corporate sellers and exporters appear to have dwindled much further amidst some relatively stronger demand on the interbank coupled with the prevailing country’s macroeconomic instabilities. In the recent weeks, we have continued to seeing depreciation accelerating in the Kwacha due to dwindling US dollar which has remained subdued. Going forward, the local unit will likely to start receiving some relief if the markets get stabilised...

Zambia Airways is a game changer, brags Mutotwe Kafwaya …as CAA grants Zambia Airways Limited Aviation Operators License Certificate


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Zambia Airways is a game changer, brags Mutotwe Kafwaya …as CAA grants Zambia Airways Limited Aviation Operators License Certificate By Derrick Sinjela in Lusaka, Zambia TRANSPORT and Communications Minister Mutotwe Kafwaya says once she takes to the sky, Zambian Airways will change the hospitality and economic profile. Speaking as he witnessed Civil Aviation Authority (CAA) Director General Gabriel Lesa hand-over an Air Operators Aviation License to Zambia Airways Limited Chief Executive Officer Bruk Endeshaw, Mr. Kafwaya rejoiced over a milestone that will anchor domestic, regional and international hospitality. Mr. Kafwaya, who is Patriotic Front (PF) Lunte Member of Parliament (MP)...

Kelvin Chisanga’s timely advice: “


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Kwacha needs strong local policy backing to act as a ‘shifting spinner’ on dynamic local market trends! …writes Kelvin Chisanga The Kwacha is on a serious sinking spin, our native currency is under some strict pressure. Its high time that the country reflected on investing in its local content, in-country industrialization processes, and also objectively look at some motivating market driven-policies to boost productivity and advance the economy to higher heights but we will have to work on strengthening regulatory and legal framework in order to encourage local brand confidence amongst the Zambian citizenry. The Kwacha’s devaluation has in the...

…prods Kelvin Chisanga: “Beat inflation by engaging on long term investment with proven financial security!


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  Beat inflation by engaging on long term investment with proven financial security! By Kelvin Chisanga, Communications Specialist, in Lusaka, Zambia, Southern African Development Community (SADC) This current economic furnace being undertaken shall spring forth giants and one out there, will ask a question how possible can someone survive on savings to beat the daunting heats of inflation. Inflation rate is a fact of life and this is an obvious case if I qualify in that sense, inflation therefore represents the cost of goods and services and the increase rate recorded over time. It is worthy to note that Zambia’s...

STANBIC to work with ZAM to drive industrialisation says Chief Financial Officer Mwindwa Siakalima


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STANBIC to work with ZAM to drive industrialisation says Chief Financial Officer Mwindwa Siakalima Media Release with Pictures Monday 7th September, 2020 Lusaka, Zambia STANBIC Bank Zambia says it is prepared to work with the Zambia Association of Manufacturers (ZAM) and other stakeholders to accelerate the country’s economic diversification through value addition. The World Bank estimates Zambia’s manufacturing sector contributes less than 10 percent to national GDP. Bank Chief Financial Officer Mwindwa Siakalima noted that despite the rising numbers of COVID-19 cases, the country could ill afford to implement a full lockdown to flatten the curve due to its heavy...

Economics Association of Zambia (EAZ) Crowd Funding Initiative …launching soon ..assures Dr. Lubinda Haabazoka


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Besides our current interventions 👇🏿👇🏿👇🏿 Economics Association of Zambia (EAZ) Crowd Funding Initiative launching soon… Let’s fund citizens at grassroots with wealth creation!!!! Dr. Lubinda Haabazoka EAZ – President Crowdfunding This article contains content that is written like an advertisement. Please help improve it by removing promotional content and inappropriate external links, and by adding encyclopedic content written from a neutral point of view. (April 2017) (Learn how and when to remove this template message) Crowdfunding is the practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the Internet.[1][2] Crowdfunding is a form of crowdsourcing and alternative finance. In 2015, over US$34 billion...

National Democratic Congress Vice President Joseph Akafumba NATIONAL Democratic Congress Vice President Joseph Akafumba brands Health Minister Chitalu Chilufya acquittal by Senior Resident Magistrate, Lameck Mwale as predictably laughable


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National Democratic Congress Vice President Joseph Akafumba NATIONAL Democratic Congress Vice President Joseph Akafumba brands Health Minister Chitalu Chilufya acquittal by Senior Resident Magistrate, Lameck Mwale as predictably laughable By Luswepo Mutepuka National Democratic Congress Vice President Joseph Akafumba NATIONAL Democratic Congress (NDC ) Vice President Joseph Akafumba has described the recent acquittal of Health Minister Chitalu Chilufya by Senior Resident Magistrate, Lameck Mwale as laughable. Counsel Akafumba, a legal practitioner by profession says it was expected that Dr. Chilufya’s case was going nowhere following the statements attributed to President Edgar Chagwa Lungu in Ndola, Copperbelt Province. Mr. Akafumba says...

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