Cholera puts economy at  risk – ZACCI

  By AARON CHIYANZO THE cholera crisis has the potential to paralyse the entire economy if not quickly contained as it has negatively affected businesses from SMEs to large corporations, Zambia Chamber of Commerce and Industry (ZACCI) president Michael Nyirenda has warned. Mr Nyirenda said they were concerned with the cholera situation in

FQM PLEDGES TO BOOST LOCAL BUSINESSES

By JACKSON MAPAPAYI FIRST Quantum Minerals has vowed to actively work towards sustainable, transparent and responsible economic and social development.  The mine plans to do this by contributing to supply chain development and capacity building for small and medium enterprises (SMEs) within the communities surrounding its Sentinel Mine at Kalumbila in

Cholera to affect SMEs rebound 

By MAILESI BANDA THE closure of businesses due to the cholera outbreak will affect small and medium entrepreneurs, Zambia Chamber of Small and Medium Business Associations, (ZCSMBA), chief executive officer, Moto Ng’ambi has noted. Mr. Ng’ambi said while the move to clean up Lusaka and close certain businesses was aimed at

“Allegations against mining sector unfair”

By BUUMBA CHIMBULU THE Zambia Chamber of Mines (ZCM) says it is concerned by the number of unsupported accusations that have been levelled at the mining industry in recent months. ZCM president Nathan Chishimba said the allegations which the mines had received were general as to tarnish the reputation of the entire

Disclose Mukula revenue, ZAFFICO told 

By BUUMBA CHIMBULU THE Zambia Forestry and Forest Industries Corporation Limited (ZAFFICO) must publish its revenue collected from exporting Mukula logs for the sake of transparency, Civil Society Organisations (CSOs) have demanded. According to the CSOs, the current status involving the exportation of Mukula logs was not convincing. ActionAid Zambia and the Centre

Copper price powers on

.... as the red metal is expected to hit $7,720 in 2019 By BUUMBA CHIMBULU RISING copper prices signify that the Zambian economy is headed for a more positive growth this year with projected Gross Domestic Product above 3.5 percent, says economist Lubinda Haabazoka. Dr. Haabazoka, an economist, said the prevailing high copper

5% growth feasible, says Dodia

By CECILIA MUBAMBE   THE 5 percent economic growth projected by President Edgar Lungu can only be achieved if drastic measures are taken to engage the private sector, an economist has said.  Zambian economist Mr Yusuf Dodia said the government was too dependent on borrowing money from external sources including the

State explains setbacks of localising minerals marketing 

 By BUUMBA CHIMBULU GOVERNEMNT has said localising the marketing of minerals as a way of ensuring Zambia benefits from the rising copper prices will make the country’s commodities uncompetitive internationally. Ministry of Mines and Mineral Development permanent secretary, Paul Chanda, said localising the marketing of minerals meant that buyers had to

State revises Inland Water Shipping Act

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By MAILESI BANDA THE Ministry of Transport and Communication has started revising the Inland Waters Shipping Act Cap 466 and the Provisional Merchant Shipping Act Cap 468 of the laws of Zambia. Minister Brian Mushimba said Government had started revising the two acts to ensure that the water transport sector remained

2017 year of stability,says  economist

By BUUMBA CHIMBULU   THE economic performance in 2017 was relatively stable owing to steady macroeconomic fundamentals, says an economist, Noel Nkhoma. The economist has however advised Government to tone down on infrastructure development in 2018. Mr. Nkhoma said the relative stability was anchored on Government’s efforts to contain fiscal deficit and ensuring that