ZABS checks out 22,581 imported cars

  By BUUMBA CHIMBULU THREE companies were appointed in January 2017 by the Zambia Bureau of Standards (ZABS) to carry out pre-shipment inspection of used motor vehicles. And the bureau announced that it inspected a total of 22, 581 used motor vehicles for compliance to the standard through its Road Worthiness Inspections (RWI)

Goat dairy products more profitable – DAZ

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ZAMBIA can earn more income from the production of cheese from goat milk as it is more expensive than cheese produced from cow milk because of its nutritional value, Dairy Association of Zambia (DAZ) executive director Jeremiah Kasalo has said. Mr. Kasalo said the value of dairy products from goat milk

Protesters vandalise MTN head office in Abuja 

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Abuja – Nigerian protesters vandalised the head office of South African mobile phone giant MTN in Abuja on Thursday in apparent retaliation for anti-Nigerian violence in South Africa, a witness and an MTN spokesman said. The attack came after a Nigerian youth body threatened to shut down South African businesses after

ZDA helps local firms penetrate regional markets

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THE Zambia Development Agency (ZDA) is keen to continue facilitating investment incentives and access into the regional markets for the local suppliers, says agency’s Director General Patrick Chisanga. Mr Chisanga emphasised that the agency would facilitate the entry of local products into regional markets especially the Democratic Republic of Congo, Malawi,

Cassava big business opportunity – minister

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GOVERNMENT has reaffirmed its commitment to diversify the economy from being dependent on mining to other sectors such as tourism and agriculture. Minister in the Office of the Vice President Sylvia Chalikosa has said. The minister said in agriculture the commercialisation of cassava was an opportunity. Speaking during the consultative meeting for

Policy rate to reduce cost of funding for commercial banks

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THE reduction in the monetary policy rate by the Central Bank from 15.5 percent to 14 percent will set the pace in reducing the cost of funding for Commercial Banks, says the Bankers Association of Zambia (BAZ). Monetary policy consists of the actions of a central bank, currency board or other

Entrepreneurship vital in job creation- Mwanakatwe

  By MAILESI BANDA   ZAMBIA needs to foster a culture of entrepreneurship in order to develop the economy, Commerce Trade and Industry Minister Margret Mwanakatwe has said. The minister said entrepreneurship was significant in the economic development of the country. Speaking during a fundraising meeting for the Entrepreneurship Association of Zambia meant to raise

Zambia losing huge revenue in tax breaks, says expert

  By BUUMBA CHIMBULU   TAX breaks are gobbling colossal sums of Zambia’s revenue base and they should, therefore, be removed, Civil Society Organisations (CSOs) have appealed to Government. Water Aid country representative Pamela Chisanga observed that tax breaks encouraged loss of revenue as most companies left Zambia as soon as the breaks were

Govt foreign reserves in 4th quarter of 2016  stood at k2.4 billion

  By BUUMBA CHIMBULU   NON-RESIDENT investor’s holding of Government securities in the fourth quarter of 2016 increased by K3.7 billion, an indication that investors still have confidence in the Zambian economy, the Bank of Zambia (BoZ) has revealed. The Central Bank also announced that foreign reserves as at December 2016 stood at K2.4

ZICTA empowers 97 schools with ICT

  By SHEILA SAKUPWANYA   THE Zambia Information and Communications Technology Authority (ZICTA) has spent about K15 million to connect 97 secondary schools in six provinces to Information, Communication and Technology (ICTs), says ZICTA public relations officer Hanford Chaba. The project is being funded by ZICTA under the Universal Access Fund (UAF) and is