Category: Business news

Despite challenges, Africa’s debt is still under control – AfDB

45 ViewsThe African Development Bank remains strong with growing operating revenues and allocable income generated since 2010 reaching $2.5 billion, the Bank Group’s Treasurer, Hassatou Diop N’sele, stated on Thursday. In 2018, the Bank earned $214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business…

KCM operations slow down

546 ViewsOperations at the now liquidated Konkola Copper Mines (KCM) have slowed down resulting in many employees and contractor workers being on ‘sit-on site’ while waiting for knocking off time. According to some employees at the Nchanga Plant in Chingola who spoke on condition of anonymity, since the Zambian Government moved to have KCM liquidated,…

ROSATOM challenges world leaders to implement human-centred skills solutions

55 ViewsThe Director General of ROSATOM, which is supporting Zambia’s moves to develop a nuclear science industry, has issued an invitation to world leaders from politics, business and education to join a debate to urgently implement human-centred solutions that can help solve the widening global skills gap and worsening talent shortage. Around 6% of the…

Stanbic drives cashless payments with Dubai swipe competition

57 ViewsStanbic Bank has lent its backing to the Government’s drive to achieve a digital economy by encouraging its customers to pay by debit card rather than cash. Digital technology is increasingly becoming accessible to more people each day, creating an environment for cashless payments to grow, boosted by a competition offering customers the opportunity…

Govt cancels agricultural shows in 3 provinces

76 ViewsGovernment through the Ministry of Agriculture has cancelled agricultural shows in three provinces namely Lusaka, Western and Southern Provinces. According to a letter addressed to Provincial Agricultural coordinators in the three Provinces, Ministry of Agriculture Permanent Secretary Songowayo Zyambo said the shows have been postponed because of the poor rainfall which affected growth the…

Lafarge appoints Khan as new CEO

283 ViewsLafarge Zambia Plc Board of Directors has announced the appointment of Jimmy J. Khan as Chief Executive Officer (CEO) and Managing Director of the Company effective February 12, 2019. Before his latest appointment, Khan was Managing Director, Lafarge Mauritius & Seychelles. Khan holds a Bachelor of Science in Business with a major in Accounting…