TAX CHARCOAL, FIREWOOD, STATE TOLD

By Rogers Kalero A MALAWIAN union leader is shocked that Kitwe City Council (KCC) has allowed the European Union (EU) funded multi-million Nakadoli market in Chimwemwe Township to become a white elephant. Malawian Union for Informal Sector (MUFIS) organising secretary Getrude Witikan said it was surprising that after the government lobbied for

EAST PLANS INVESTMENT EXPO 2018

By Mailesi Banda EASTERN Province has become the first province to plan a provincial expo after the successful hosting of the Luapula expo in July. Provincial minister Makebi Zulu, said the province would host the expo to attract investment to the region next year. Mr Zulu said they had begun preparations for the

LIVESTOCK SECTOR TO POST ROBUST GROWTH – MINISTER

By Davis Mulenga GOVERNMENT is to step up efforts, including enhanced branding and surveillance to wipe out prevalent stock theft as the sector promises a robust growth, says Livestock and Fisheries Minister Michael Katambo. Livestock specialists have predicted a robust growth of the sector as domestic and export markets grew. “Rampant stock thefts

MUTATI URGES BANKS TO CUT INTEREST LENDING RATES AGAIN

By Buumba Chimbulu COMMERCIAL banks must reduce more interest lending rates to create affordable credit to the Small and Medium Enterprises (SMES) who are the main employers in the country. Minister of Finance, Felix Mutati issued the challenge in Lusaka, saying access to credit was necessary to grow key economic sectors such

IZB COMMITS 38% CREDIT PORTFOLIO TO SMES

By Buumba Chimbulu INDO Zambia Bank (IZB) portfolio for Small and Medium Enterprises (SMES) currently stands at K400 million which is approximately 38 percent of the bank's total credit portfolio. IZB managing director, Maheshkumar Bansal , said the bank was supporting local entrepreneurs and in turn making significant contribution to the growth

WEAKENING KWACHA CAUSE FOR WORRY – ANALYST

By Mailesi Banda THE depreciation of the Kwacha against the major currencies is worrying because Zambia is largely dependent on imported goods, financial analyst Maambo Hamauudu has said. Mr. Hamauudu said Zambia continued to face a challenge in the stability of the local currency due to the lack of a strong industrial

REA PROJECTS TO BE DONE IN PHASES

By Mailesi Banda THE Rural Electrification Authority says it will carry out its projects in phases due to limited resources. Corporate Affairs manager, Justine Mukosa says their annual budget stood at K475 million while they were allocated K114 million in the 2017 national budget. Mr. Mukosa explained that due to limited resources, they

SEARCH ON FOR FOURTH MOBIE NETWORK PROVIDER, SAYS MUSHIMBA

By Buumba Chimbulu GOVERNMENT is seeking bidders for a fourth mobile-network provider following approval of the new licensing regime by Cabinet. According to Transport and Communications Minister Brian Mushimba, the ministry gave the go-ahead to the regulator Zambia Information Communications and Technology Authority (ZICTA) to start the process. “ZICTA is at liberty to

‘HEALTH KEY TO ECONOMIC GROWTH’

By Mailesi Banda HEALTH is key to economic development, hence the need for the retail sector to embrace the national HIV/AIDS guidelines, Ministry of Commerce Trade and Industry, permanent secretary Kayula Siame has said. Ms. Siame said for Zambia to attain economic growth, there was need to promote good health by having

ZRA FIRES 8 FOR UNETHICAL CONDUCT

By Martin Akende ZAMBIA Revenue Authority has sacked eight employees for unethical conduct in line of their duty. Commissioner-General Kingsley Chanda announced yesterday Mr. Chanda warned that management would deal with officers involved in corruption and unethical work culture. He advised tax payers to use right channels and not involve themselves in