Archive | Business

Why Zambia’s Economy Will Prevail and Prosper

AT A time when the country had been subjected to all manner of propaganda regarding the country’s debt with China, citizens needed answers from President Edgar Lungu’s address to Parliament yesterday. The address was so important because it also points to what citizens expect in the budget speech by the minister of Finance. The President […]

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Think twice, Zesco warns pylon traders

ZESCO has warned the public to desist from trading under its pylons as it poses a threat to their lives once they collapsed, especially during the rainy season. Company spokesperson Henry Kapata said in an interview that all those conducting businesses under the Zesco pylons should vacate the places and trade in the designated places […]

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CEC Africa seeks to delink from CEC Group

THE Copperbelt Energy Corporation Plc (CEC) intends to focus on its considerable investments and positive growth attained in Zambia and South Africa once CEC Africa separates from the CEC Group. According to the CEC shareholders summary update, the strategy for the business would be centred on growth that was integrated in the core business. “Following […]

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Bankers protest over mandatory ZRA TPIN rule

THE new Taxpayer Identification Number (TPIN) requirement should be removed from the 2017 national Budget to allow the industry consult with the Zambia Revenue Authority (ZRA), the Bankers Association of Zambia (BAZ) has said. The TPIN is a unique 13-digit number given to each taxpayer and it is a pre-requisite to all procedures of tax registration under […]

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TAZARA makes big strides in first quarter of 2016

THE Tanzania-Zambia Railway Authority has transported 29,061 metric tonnes of freight, and marked an improvement of 9.4 percent compared to the corresponding first quarter of 2015/2016. During the same period last year, only 26,571 metric tonnes were transported. It was also observed that the performance of the interstate passenger trains between Dar es Salaam and […]

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Oxfam promotes Africa-China development dialogue

  THE Africa-China Dialogue Platform (ACDP) will help facilitate a constructive engagement and dialogue of citizens, policy-makers, researchers and think tanks on the attainment of sustainable development goals (SDGs), says Oxfam country director Dailes Judge. The platform would seek to generate knowledge in order to influence policies and practices that relate to the Africa-China partnership […]

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New stabilisation mining fund proposed

  GOVERNMENT should consider establishing a stabilisation fund account which will keep 10 percent of all revenue generated from the mining sector, Zambia Extractive Initiative Industry (ZEII) secretariat head Siforiano Banda has suggested. Mr Banda said the account was important as it would assist Zambia’s economy in periods when copper prices were low. He explained […]

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Firm launches $300,000 cable concrete block plant

  A LOCAL construction company, Fair-Face Enterprises, has partnered with a Canadian company, the International Erosion Control Systems Incorporated (IECS) to set up a cable concrete manufacturing plant in Zambia at a cost of over US$300,000. Cable concrete is an articulated concrete block system with low installation costs and is specifically designed for erosion protection and […]

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Production costs cause of high mealie meal prices – ZNFU

  THE high costs of doing business and production as well as poor productivity are the root causes of high mealie meal and other food prices in the country, the Zambia National Union of Farmers has charged. ZNFU president Jervis Zimba said the solution to reduce and stabilize mealie meal and other food prices lay […]

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Govt urged to intervene in Kamwala shopping row

  THE Government has been implored to re-negotiate with affected parties in the continued impasse surrounding Luburma market shops that were constructed by China Henan and local Zambian businessmen. Zambia Republic Party leader Wright Musoma said the alleged exploitation the local business people were subjected to did not reflect the Government’s desire to empower Zambians […]

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