Category: Business

  By Kelvin Chisanga The Kwacha has continued sliding into some marginal losses owing to the fact that there is a reactive effects with the market players adjusting to the policy shifts, amidst the heavy upbeat use of US Dollar within the local market on an account of driving importation processes in key commodities such as fertilizers, fuel, medicine, etc., which also includes purchases on consumer charismas goodies strongly making up on the pack of the list of factors underplaying Kwacha’s strength. The Kwacha this week is seeing very much reactive to signals sent in the market as it has...

PRESS STATEMENT Monday, 6th November,2023 The proposed motion to impeach the Honourable Speaker of the National Assembly, Madam Nelly Mutti by some opposition and Independent Members of Parliament is but a B.I.D. and misplaced issue which can not easily go through. Infact, the issue in question is an academic exercise which is more theoretical than practical. The whole idea behind the said motion is to try and cause confusion in the House by Opposition lawmakers in their quest to turn the National Assembly into a battle zone. The current Speaker of the National Assembly, Madam Nelly Mutti has been presiding...

By Kelvin Chisanga The 3% or 300 basis point increases to be witnessed by the local banking and financial market in Zambia starting from 13th November, will cause a lot of market distortions even if the main aim is a view around medium term targeting toward efforts of stabilizing Kwacha but this is coming at a huge cost to the domestic economy in a number of ways. However, with this policy gauge being put in place to curb inflationary effects, it is strongly believed that both the inflation and forex losses can be tackled with this monetary policy instrumentation though...

By Lwendo Kunda Pioneer Influence Founder Kasote Singogo has backed government’s directive through Secretary to the Cabinet Patrick Kangwa to all Permanent Secretaries (PS’s) to prioritize the purchase of Electric Vehicles (EV’s). In a Wednesday 11th October, 2023 Press Statement to Pan African Radio 96.1FM, Mr. Singogo says Pioneer Influence as an institution that comments on Government Policy, notes that the use of Electric Vehicles by civic and public officials will help to reduce the cost of fuel. This week, Secretary to the Cabinet, Mr. Kangwa said Cabinet Office will lead the campaign to procure Electric Vehicles as a means...