Archive | International News

Mine owners welcome Africa vision

  Governments’ decision to spearhead the formulation of mine policy in line with the African Vision will create an enabling environment for mines to operate, says Zambia Chamber of mines (ZCM) president Nathan Chishimba. He said policy consistency would increase Governments revenue collection and benefit all Zambians. Mr Chishimba said most mines in Africa and […]

Read the full story

Posted in International NewsComments Off on Mine owners welcome Africa vision

Germany offers Zambia concessional loans

  Germany is ready to offer concessional and promotional loans for Zambia’s electricity sector, says Zambia’s Ambassador to Germany Bwalya Chiti. He noted that this was the first time that the German Federal Ministry for Economic Cooperation and Development through the Development Bank was offering Zambia such loans. “This opens up significant potential for cooperation […]

Read the full story

Posted in International NewsComments Off on Germany offers Zambia concessional loans

Bharti Airtel earnings grow by 7pc

  Bharti Airtel Limited consolidated revenues for the second quarter ended September 30, 2015 grew by 6.6 per cent at Rs23,836. Managing director and chief executive officer India & South Asia Mr. Gopal Vittal  said Airtel’s s revenue growth in India has accelerated to 13.3percent on an underlying basis, the highest in the last 12 […]

Read the full story

Posted in International NewsComments Off on Bharti Airtel earnings grow by 7pc

IMF ready to bail out Zambia

THE International Monetary Fund (IMFI is more than ready to give Zambia financial assistance to help mend its battered economy in the wake of global economic meltdown, says its head of Africa department Antoinette Sayeh. Ms Sayeh said Zambia was another country struggling with rising cost of servicing dollar debt after halving in the value […]

Read the full story

Posted in International NewsComments Off on IMF ready to bail out Zambia

Zambia lands US$30m AfDB loan for skills development

  THE African Development Bank (AfDB) has approved a loan of US $30 million to the Zambian Government for the skills development and entrepreneurship project supporting women and youth. The project was designed to promote job creation, gender equality and poverty reduction among young cassava producers to enable inclusive economic growth and sustainable livelihoods development. […]

Read the full story

Posted in International NewsComments Off on Zambia lands US$30m AfDB loan for skills development

SA to raise investment, trade in key sectors of Zambia

  A SOUTH African delegation of 38 business people from 14 companies which recently visited Zambia plans to exploit  investment opportunities in the Copperbelt and North-Western provinces and to promote and strengthen bilateral trade. The Outward Selling and Investment Mission to Zambia was led by South Africa’s Minister of Trade and Industry, Dr. Rob Davies, […]

Read the full story

Posted in International NewsComments Off on SA to raise investment, trade in key sectors of Zambia

Formidable legal system vital for economic growth

  THERE cannot be economic independence without a formidable legal system that supports its operations to foster a national development agenda, Zimbabwe Vice President Emmerson Mnangagwa has said. He said emerging markets required effective legal institutions to inspire suitability and fight the effects of corruption in a national economy. Mr Mnangawa said this could help […]

Read the full story

Posted in International NewsComments Off on Formidable legal system vital for economic growth

King Mswati arrives in Zambia

KING Mswati III of the Kingdom of Swaziland yesterday arrived in Zambia to grace the country’s 51st Independence anniversary celebrations. King Mswati said Zambia and Swaziland have had long diplomatic and cultural relations and that he was happy to be in Zambia to join President Lungu and Zambians in celebrating the 51st Independence anniversary. King […]

Read the full story

Posted in International NewsComments Off on King Mswati arrives in Zambia

Corruption rocks $533m project

  THE US$533-million Kariba South power extension project has been plunged into new controversy after a Botswana legislator Samson Moyo Guma was hauled before the courts on bribery and corruption allegations, following the discovery of a series of suspicious payments to him running into more than US$10 million from the Zimbabwean project. Guma’s business partner, […]

Read the full story

Posted in International NewsComments Off on Corruption rocks $533m project

EU gifts Zambian farmers K1.3 bn

  The European Union will invest K1.3 billion in the agriculture sector under the 11th European Development Fund  (EDF), EU ambassador to Zambia Alessandro Mariani has said. And Mr Mariani has said the European Union has awarded the implementation of the Agriculture Service Centre Project at a total cost of K210 million. Speaking when he […]

Read the full story

Posted in International NewsComments Off on EU gifts Zambian farmers K1.3 bn

Our Sponsor

Jevic Japanese Auto Inspections

Social Widgets powered by AB-WebLog.com.