LCC sets bailiffs on property, bill boards owners to recover K35m

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THE Lusaka City Council has dispatched bailiffs to help it recover over K18 million in commercial property rates and K17, 514, 724.15 from billboards. Council assistant public relations manager Brenda Katongola said the authority was owed in excess of K35 million in unpaid commercial property rates and billboards from  March 30 Ms.

Govt secures US$50m AfDB loan for fish Industry

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GOVERNMENT has acquired US$50 loan from the Africa Development Bank (AfDB) to scale up fish farming in the under the aqua culture project,  says Minister of Fisheries and Livestock Michael Katambo. Mr Katambo said Zambia has a deficit of 85 tonnes of fish as indicated in the statistics collected by his

Kalumbila SMEs urged to formalise their Businesses

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  SMALL and Medium Entrepreneurs (SMEs) in Kalumbila district have been urged to formalise their businesses by registering with various government agencies. The call was made by district commissioner Robinson Kalota during a business clinic held at Mutanda Dairy Cooperative yesterday for SMEs in that district organised by the North-Western Chamber of

Zambia requires US$50m annually to fight climate change, says Mulusa

  By OSCAR MALIPENGA  ZAMBIA may need roughly round US$50 million every year to invest in climate change interventions, says minister of national development planning Lucky Mulusa. Mr Mulusa said that government will through the National Designated Authority (NDA) establish a National Climate Change Fund (NCCF) which would leverage investment for the implementation

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New power tariff to  cripple SMEs-Chabala BY MAILESI BANDA   SMALL and Medium Entrepreneurs (SMEs) will be the most affected by the increase in electricity tariffs as they do not have the financial muscle to invest in adequate and effi-cient alternative sources of power, Zambia Association of Manufacturers (ZAM) presi-dent Rosetta Chabala has

ZAMBIA TO GO FOR US $1.6 BN IMF LOAN

  By Mailesi Banda ZAMBIA has the potential to get up to US $1.6 billion loan from the International Monetary Fund (IMF) and we are going for the maximum, Finance Minister Felix Mutati has announced. According to Bloomberg financial services, the finance minister said he was hopeful that the opportunity was presented to

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Find cheaper sources of energy, producers told By MAILESI BANDA   GOVERNMENT has advised manufacturers to embrace alternative energy sources to complement the hydro power supplied by the Zambia Electricity Supply Corporation (ZESCO). Minister of Energy David Mabumba said the dependence on energy from ZESCO would lead to low productivity in the manufacturing

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$712m power import bill ZESCO pleads for tariff hike to save money BY MAILESI BANDA THERE is urgent need for immediate increase in electricity tariffs to easy ZESCO’s liquidity challaenges, encourage investment in the energy sector and reduce the cost of importing power, ZESCO director for strategy and corporate services Changala Nswana has

Govt enhances trade, revenue collection projects

  By SANDRA MACHIMA GOVERNMENT has commenced the development of the single window that will reduce transit times to 48 hours to enhance trade facilitation and revenue collection, Chief Government spokesperson Kampamba Mulenga has said. Ms Mulenga said the nation might be aware that the Government announced in the 2017 Budget that it

Imported fruits, vegies deprive local farmer revenue-SAFAD

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A By AARON CHIYANZO ZAMBIA is importing US$42 million worth of agriculture produce while local  farmers are missing out on opportunities that their foreign counterparts are taking advantage of, the Small Scale Farmers for Development Agency (SAFADA) Director Boyd Moobwe has observed. Mr Moobwe said that Zambian farmers were capable of supplying the