Finance Minister Situmbeko Musokotwane has disclosed that Zambia will receive a $200 Million grant from the World Bank to assist the country in navigating economic challenges following the successful completion of the debt restructuring deal. Speaking at the launch of the Tax Policy Forum by Zambia Institute for Policy Analysis and Research-ZIPAR-supported by USAID in
Oil Marketing Companies Association of Zambia has appealed to government to come up with interventions to stop the inland selling of fuel in dollars by some oil marketing companies. This follows reports of an emerging trend in the oil industry where OMCs importing fuel have started selling the commodity to other OMCs in dollars at
Economist Lubinda Haabazoka says it would be good to have a new investor to buy shares from Vedanta in Konkola Copper Mines-KCM- as Vedanta’s capacity to run the mine remains questionable owing to its financial difficulties. According to Reuters, the mining investment arm of Abu Dhabi’s most valuable company has offered to buy a majority
Social Anthropologist Dr James Musonda has urged the government to realign its mining policy and annual copper production targets following revelations that Zambia can only achieve half the figures envisaged with the available assets. Zambia Chamber of Mines Chief Executive Officer Sokwani Chilembo recently told the EU-Zambia Business Forum that the country can only achieve
The European Union-EU- has observed that Zambia’s reform process on the rule of law, human rights, media freedom, and civil liberties, has slowed down following the change of government and President Hakainde Hichilema’s focus on economic reforms. According to a report of the EU election follow-up mission presented to acting Foreign Affairs Minister Mulambo Haimbe
President Hakainde Hichilema has assured the nation that Zambia will overcome the present challenges being experienced resulting from the drought situation. Speaking at the launch of the Harry Mwaanga Nkumbula Foundation in Lusaka last night, President Hichilema said Zambia will be able to provide food for its citizens and increase resilience going forward so that
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