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BoZ projects single digit  inflation by year end

  THE Bank of Zambia has projected that the inflation rate will drop to a single digit by the end of the year despite the increase in fuel prices.  Addressing a media briefing yesterday in Lusaka, BoZ Governor Denny Kalyalya said that although the increase in fuel prices for October were likely to raise monthly […]

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Inclusion of copper concentrates on VAT deferment schedule welcome, says EY

  By Nation Reporter THE inclusion of copper concentrates on Value Added Tax (VAT) deferment schedule will free the much needed liquidity for importers of concentrates, says Enerst and Young (EY) Zambia partner, Patrick Mawire. Mr Mawire emphasised that this was a welcome move especially that importers for copper concentrates were currently experiencing tight liquidity. […]

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Livingstone to have conferencing facility

  By Nation Reporter THE ministries of Tourism and Finance have announced that the Government will next year start the construction of the long awaited conferencing centre in Livingstone which is expected to attract world-class clientele and grow the country’s economy. Tourism minister Charles Banda said this was in line with President Edgar Lungu’s directive […]

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Zambia risks being suspended from EITI

  ZAMBIA risks being suspended from the global Extractive Industries Transparency Initiative (EITI) if it fails to start disclosing company information, especially on the mines, says the local EITI head Siforiano Banda. Mr Banda said Zambia should by 2020 start disclosing information on company beneficial ownership, particularly in the mines, as a way of promoting […]

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ZRA all out to collect taxes

THE Zambia Revenue Authority (ZRA) will collect all taxes from the newly introduced bases, says commissioner general, Kingsley Chanda. Speaking shortly after the 2017 national budget presentation in Lusaka, Mr Chanda reiterated the Authority’s commitment in ensuring that all taxes, including new ones were collected. “Well, I think, as ZRA, we are taking that as […]

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Financial institutions should help grow entrepreneurship, says Mwanakatwe

  FINANCIAL institutions and other stakeholders should lead the way in finding solutions to micro, small and medium enterprises (MSMEs) financing and help to mitigate lending risks to ensure that entrepreneurship continues to thrive, says Commerce, Trade and Industry Minister Margaret Mwanakatwe. Ms Mwanakatwe said that small medium enterprises generated more employment for limited capital […]

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US$100m earmarked for Kalumbila Multi-Facility Economic Zone

  THE private sector will in 2017 invest US$100 million in the Kalumbila Multi-Facility Economic Zones (K-MFEZ) as a way of promoting industrialisation and diversification of the economy. Minister of Finance, Felix Mutati, in his 2017 national budget presentation to Parliament said Government would continue promoting industrialisation as a means of diversification. He said the […]

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Trade Kings expresses unwavering confidence in Zambia’s economy

TRADE Kings still has unwavering confidence in the Zambian economy, even during times of economic slowdown, says company media manager James Songwe. Mr Songwe said Zambia still offered increased incentives for the local industry despite the economy slowing down, which the company would take advantage of, by participating at the 2016 Yummex Middle East Expo […]

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China-Africa Cotton pumps in U$50m in tourism industry

  By Nation Reporter PLANS to build a Ferris wheel in Livingstone at the mighty Victoria Falls at the approximate height of 90 meters at a total cost of U$50 million have been announced. This was at the signing ceremony of a memorandum of understanding (MoU) between CHINA-Africa Cotton Development Limited and the Ministry of […]

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Musika helps Zambeef support small-scale farmers

MUSIKA, a non-governmental organization that supports commercial relationships between upstream and downstream actors, is supporting Zambeef’s US$800,000 smallholder cattle development project in Northern Province with the delivery of a new Toyota Hilux that will be used in implementing the farming project. The scheme is aimed at increasing animal productivity among small-scale farmers in the region, […]

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