By Lindah Cheleka The Opposition UPND has doubted the impact some of its councilors who are being enticed to join the ruling PF will have in the 2021 general elections. Party Secretary General Steven Katuka tells Phoenix News that it has become a way of governing by the PF to entice UPND councilors into…
By Logic Lukwanda First Quantum Minerals and Operating Limited says 2019 was a very challenging year due to mainly inconsistencies taxation among other challenges. Company Management Chairman Aptone Banda says about half a year was spent on the controversy that was brought about by the introduction of sales tax to replace value added tax,…
By Logic Lukwanda Economist Noel Nkhoma has predicted job cuts this year for companies to survive due to economic hardships. And Mr Nkhoma is of the view that most employers will not entertain any salary increment for workers due to the prevailing economic challenges. He told Phoenix News that instead of improving worker’s salaries,…
By Penjani Banda Some consumers in Lusaka have cried foul following the implementation of the hiked electricity tariffs by state power utility firm, ZESCO. The Energy Regulation Board last week announced electricity tariff hikes averaging 113 percent for domestic consumers effective 1st January 2020. But some consumers talked to by Phoenix News in Lusaka…
By Chileshe Mwango/Penjani Banda Economist Chibamba Kanyama has advised government to stick to the early announced austerity measures if it is to cushion the impact of the high cost of living being experienced by majority of Zambians. Mr. Kanyama is urging government to focus on reducing unnecessary expenditure, sharpen and improve Zambia’s procurement system…
By Patricia Mbewe The Centre for Trade Policy and Development -CTPD- says the salary cuts for highly paid government officials as directed by President Edgar Lungu will not cushion the challenges that Zambians are currently facing. The salary cut for president Lungu and other government officials comes amid increases in both fuel and electricity…
By Enoch Lusoke Opposition Green Party Leader Peter Sinkamba says the Listing of the Zambia Forestry and Forest Industries Corporation –ZAFFICO- on the Lusaka Stock Exchange will have no desirable impact on the operations and capitalization of the company due to its poor reputation in the eyes of Potential Investors. Recently, the Securities and…
