Category: Business

Written by: Kelvin Chisanga The ongoing geopolitical conflicts between Russia and Ukraine has some serious devastating impact on many global economies across the board, and Zambia is not an exceptional case with the prevailing economic trends at both global and regional frontiers. To begin with, the energy commodities have started receiving some price-growth, of which we have seen the price of crude oil on the international market, has already gone up to a price margin of $105 per barrel, and from the look of things, we have high chances of seeing this particular article of trade, escalating upwards with some...

By Jeff Kapembwa Lusaka——–Execution of the 2022 budget for the fiscal year risks failure if stringent regulations including  induced ‘Domestic Resource Mobilisation’ initiatives are not applied amid increasing global demand for Zambia’s widely endowed natural resource-copper,  Lusaka lawmaker and  former Deputy Minister, Miles Sampa says. On 30 0ctober, finance minister Situmbeko Musokotwane unveiled a K173 billion budget dubbed: ‘Growth, Jobs and Taking Development Closer to the People.’ The Government envisions spending K173.0 billion this year, equivalent to 37.1 percent of Gross Domestic Product.   Revenues and grants are estimated at K100.7 billion representing 21.6 percent of GDP.  The gross financing of K72.3 billion,...

    By Derrick Sinjela (COF) Limited Rekindling lifestyle audit of public officials, Chapter One Foundation Executive Director Linda Kasonde is seeking strict adherence to ‘Declaration of Assets, Liabilities, and Sources of Income by Public Officials subject to the Parliamentary and Ministerial Code of Conduct. As Chapter One Foundation Limited promotes and protects human rights, human rights defenders, constitutionalism, social justice, and the rule of law in Zambia, primarily through strategic litigation, advocacy, and capacity building, Ms. Kasonde reiterated COF aim to uphold and protect the Constitution and the rights, and ultimately free the space for Zambians to fully participate...

  By Isaac Able Mwaipopo Our country needs a new crop of leaders, it needs people who can envision and plan how Zambia can look like in the next 50 years, they need to be leaders who inspire a new order, they need to stimulate our hopes and aspirations to build a great country that creates new opportunities. The majority of potential political leaders we have do not inspire this kind future we desperately need, they are preoccupied discussing the cost of cooking oil, fuel and mealie meal. The ambitions are too small for a big world, they think so...