Author: Charles Sakala

MEASURES BEING TAKEN BY GOVT TO STABILIZE LOCAL ECONOMY MAY NOT YIELD IMMEDIATE RESULTS

Standard Chartered Bank Zambia says measures being taken by government and the Bank of Zambia to stabilize the local economy may not yield immediate results in the short-term. Giving the bank’s 2023 results and 2024 outlook at a media briefing in Lusaka this morning, Standard Chartered Bank Zambia Managing Director and Chief Executive Officer Sonny

GOVT URGED TO RE-EVALUATE ITS TAXATION POLICIES TO AVOID REVENUE LOSSES DUE TO TAX EVASION BY MINING FIRMS

Opposition Party for National Unity and Progress says without undertaking reforms targeted at overhauling the current taxation regime in the mining sector, Zambia will continue to suffer substantial revenue losses due to tax evasion by mining firms. In an interview with Phoenix News, Party leader Hyvie Hamududu pointed out the detrimental impact of long-standing mining

WEAK DOMESTIC ECONOMIC REFORMS CONTRIBUTING TO HIGH POVERTY LEVELS AMONG ZAMBIANS

Opposition Party for National Unity and Progress leader Hyvie Hamududu is concerned about the weak domestic economic reforms in Zambia that have contributed to persist poverty among Zambians. Speaking when he featured on Tuesday edition of Phoenix FM’s “Let the People Talk” program, Mr. Hamududu said there is need for extensive reforms to address the

ZAMBIA AND ZIMBABWE TO SIGN MOU FOR CONSTRUCTION OF MULTI PRODUCT PIPELINE NEXT MONTH

Energy Minister Peter Kapala has disclosed that Zambia and Zimbabwe will next month sign a Memorandum of Understanding for the construction of the Zambia-Zimbabwe multi product pipeline. In an interview with Phoenix News, Mr. Kapala says once signed, the MOU will pave way for conducting feasibility studies by the developer and the construction works are

GOVT REITERATES IT IS AWARE OF THE CURRENT HIGH COST OF LIVING AND IS WORKING TOWARDS BETTERING THINGS

Vice President Mutale Nalumango has reiterated that government is aware of the current high cost of living and is working towards making things better. Speaking during the Vice President`s question time in parliament today, Mrs. Nalumango said Zambians will soon see the effects of the recent kwacha appreciation on the cost of living. Mrs. Nalumango

NBA OFFICERS DEPLOYED TO ASCERTAIN WHETHER GMO MEALIE MEAL STOLEN FROM ZNS STORAGE FACILITY IS BACK ON ZAMBIAN MARKET

The National Biosafety Authority-NBA has deployed its officers on the ground to ascertain whether the Genetically Modified-GMO mealie meal that went missing from a Zambia National Service-ZNS storage shade at Kasumbalesa border is back onto the Zambian market. And authority has also seized and destroyed 25 bags by 25 kilograms of mealie meal that may

GOVT’S PROJECTED OVER 980,000 COPPER OUTPUT IN 2024 TOO AMBITIOUS

Social anthropologist dr. James Musonda has described government’s prediction of over 980,000 copper output in 2024 as overly ambitious considering the ongoing uncertainties surrounding Konkola Copper Mines-KCM-. According to the Ministry of Mines and Minerals Development, Zambia expects to produce 980,165 tonnes of copper this year, with Mopani and KCM contributing 57,890 tonnes and 90,537
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