Business

By Seniya Banda Government says although the reinstatement of Value Added Tax (Vat) on fuel and increase in the electricity tariffs being one of the harsh conditions that comes with the IMF package, it will ensure that the two conditions do not have a negative impact on the citizens in …

A MAN who realigned his vocal chords to sound like Chief Justice Dr Mumba Malila, before calling two permanent secretaries asking for a financial bailout, has been arrested by police in Lusaka. Emmanuel Sichinga, aged 42, after leaving prison for personation has provided living proof of the old adage, “old …

Rosatom engineering division (Atomstroyexport JSC) and Korea Hydro and Nuclear Power Co. Ltd. (KHNP) have concluded a contract for the construction of turbine islands under the El-Dabaa NPP project in Egypt. According to the agreement, the Korean company will construct some 80 buildings and structures at four units of the …

Zambia has won International Monetary Fund board approval for a $1.3 billion support package, a important step toward the nation restructuring its debt and a boost for the global effort to help indebted developing nations. The IMF said in a statement that the 38-month extended credit facility is based on …

..but DSTV, Shoprite, Pick N Pay, PEP etc are not aware By Miles B. Sampa, MP (31.08.2022) In past years when the Kwacha has operated freely and only influenced by market forces, it has consistently been weaker than the South African Rand. Today the Kwacha hit a 50 years high …

WE ARE NOT INVESTIGATING MR. NDAMBO – CHIRWA…none of the vehicles being investigated are linked to Mr. Ndambo, DEC By MacDonald MayabaThe Drug Enforcement Commission has dismissed reports that it is investigating Zambian, but South African multinational businessman, James Ndambo for any crime. DEC Director General, Mary Chirwa says NONE …

Ndambo’s property seized Law enforcement agencies on Friday reportedly pounced on millionaire businessman James Ndambo’s premises in Choma and Lusaka where they allegedly seized seven motor vehicles. Among the vehicles confiscated were the Mercedes Benz and BMW that were won by the two finalists of the much-publicised Miss My Home …

CALLS FOR THE RETURN OF VEDANTA ON THE COPPERBELT GETTING LOUDER! Calls for return of VEDANTA on the Copperbelt is getting louder, with some miners hoping the mining giant can sail through the uncertainties so that work can begin. The miners who have described the promises of improved working conditions …

Switzerland has injected over $55 Million into Social Cash Transfer and other social protection programmes in Zambia. Minister of Community Development and Social Services, Ms Doreen Mwamba was at hand to receive the Head of Cooperation from the Embassy of Switzerland, Mr Manuel Thurnhofer who paid a courtesy call on …

Technology and Science Minister Felix Mutati has said the Zambia Information and Communications Technology Authority ZICTA will soon make an announcement on the progress towards the operationalization of a 4th mobile operator in the country. View Post In February last year, ZICTA awarded a 4th mobile licence to Beeline Telecoms …