Category: Business

Written By: Kelvin Chisanga Communication Specialist IN his presentation, Dr. Danny Kalyalya mentioned that COVID 19 will push most of economic activities into slump this year, the governor calls for support on the formulated broad range measures that BOZ is seeking to foster into, in an effort to achieve economic stability by mitigating country’s challenging economic activities. The nation’s financial market providers are now preferring to invest in the market securities mostly in treasury bills than participating on the broader market space through facilitating of domestic funding to the government on some short terms, as they fear risk associated with...

Issued Friday 15th May, 2020 By Inutu Mupango Mwanza Zambian Embassy Addis Ababa Federal Democratic Republic of Ethiopia. Approved by the Ministry of Foreign Affairs. THE African Union (AU) has postponed the two Extra-Ordinary Summits that were scheduled to tackle matters related to the African Continental Free Trade Area-AfCFTA – and Silencing of the Guns by 2020. The two summits that were scheduled to be held simultaneously in South Africa on Saturday 30th May, 2020 have been moved to Saturday 5th December, 2020 due to the novel coronavirus. Zambia’s Ambassador to Ethiopia and Permanent Representative to the African Union His...

Stanbic Bank creates first Chinese market corridor in Africa By Luswepo Mutepuka, Kwilanzi News Zambia STANBIC Bank has created the continent’s first ever Africa-China trade corridor to connect local businesses to export and import opportunities in China. The facility is also designed to help SMEs access working capital financing, facilitate payments while also handling shipping logistics on behalf of Zambian entrepreneurs. As the COVID-19 virus continues to wreak havoc on the global economy by disrupting trade, SMEs continue to be some of the worst affected. This effect is keenly felt in Zambia’s predominantly import-dependent economy. While Zambia has kept its...