Category: Latest News

ZEMA reviews projects worth $765m

ANGELA NDUBA, Lusaka THE Zambia Environmental Management Agency (ZEMA) has reviewed projects from six sectors worth US$765 million from various developers in January and February, 2017. Out of the 68 projects, ZEMA approved 49; deferred 12and rejected three during the period under review. ZEMA corporate affairs manager Irene Lungu disclosed in a statement issued yesterday

Treasury released K1.12 Billion funding for developmental programs and government operations for February and March

According to the budget implementation reconciliation report done last Friday, the Treasury has released K1.12 Billion funding for February and part of March 2017, for developmental programs and government operations. Of the funds released, K130 million was for payment of pension related matters, K74 million for grants to local authorities, and K25.8 million for bursaries

Lack of Internet accessibility affecting small business growth

VARIOUS stakeholders in the private sector have cited the lack of internet accessibility and the adoption of the electronic platform in regulating businesses as being among challenges that are negatively impacting on the growth of small and medium enterprises (SMEs). The stakeholders included the Japan Tobacco International, British Chamber of Commerce, Zambia Chamber of Commerce

COMESA to achieve viable development in all member states

The Common Market for Eastern and Southern Africa (COMESA) says it aims to achieve sustainable economic and social progress in all member states through increased co-operation and integration in all fields of development. COMESA Secretary General Sindiso Ngwenya said this during the signing ceremony of a Memorandum of Understanding-MoU between COMESA and the International Federation

The mining industry is keen to migrate to cost-reflective tariffs

ZAMBIA’S major electricity consumer, the mining industry, is keen to migrate to cost-reflective tariffs due to a realisation of the negative impact on its’operations when supplied with restricted power. It is understood that Zambia provides the lowest tariffs at about six US cents per kilowatt-hour (KhW) compared to regional and international average of above 15
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