ActionAid Zambia has welcomed plans by the Zambia Revenue Authority to undertake forensic audits of large mining companies to establish whether or not they have been complying with the various tax legislations administered by the authority. Recently, Financial Intelligence Centre (FIC) assistant director Clement Kapalu disclosed that Zambia is losing US$3 billion annually due to
The Energy Regulation Board (ERB) has suspended fuel importation licenses for Oil Marketing Companies (OMCs) in public interest to allow for a smooth transaction before the Private Sector takes over the procurement of petroleum products. ERB Director Consumer & Public Affairs Agnes Phiri has told QTV News in a statement that following notices of intention
NAREP president Elias Chipimo says President Edgar Lungu is not eligible to stand in 2021 because of a constitutional restriction of a person who has held office twice getting another chance. Chipimo, a lawyer, noted that the heated debate over whether President Lungu could run again in 2021, having already been elected to this office
MARKET experts say the local currency still remains in a positive territory following a depreciation seen at the opening of trading last week. According to Cavmont Bank’s treasury market update, the kwacha gained slightly at the close of trading last Friday after breaking the K10 psychological barrier to trade around K10.20 per US dollar. “Friday
CASH-STRAPPED Konkola Copper Mines has failed to pay US $103 million to ZCCM-IH as directed by the London High Court in relation to a 2013 copper-price participation deal which the Vedanta Resources-owned mine abrogated. And sources close to the transaction have revealed that the two parties entered into a consent judgment when it became clear
LOCAL government minister Vincent Mwale says Africa is taking care of waste from European and Asian countries who dump goods on the pretext of exporting used products. In a speech read for him by Southern Province permanent secretary Sibanze Simuchoba during a plenary session at the Electronic Waste Implementation Toolkit (EWIT) national conference at New
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