Tag: Business

President HICHILEMA assures transporters

By Joy Nyambe President HAKAINDE HICHILEMA has assured players in the transport sector of total support from his government. President HICHILEMA says his government will give favour and priority to Zambian transport owners and drivers as they conduct the movement of people and cargo. He made the assurance when he met stakeholders in the transport

ZPPA DG fired

By Mwila Nsofu President HAKAINDE HICHILEMA has terminated the appointment of Zambia Public Procurement Authority –ZPPA- Director General, IDAH CHELLA with immediate effect. This is pursuant to Article 270 of the Constitution. President HICHILEMA has thanked Mrs. CHELLA for the service rendered to the people of Zambia, Government and wished her well in her future

100 Mini grids to be built

By Masauso Mkwayaya Government says over 100 Mini grids will be built in the next 18-months in an effort to reduce the energy deficit in the Country. Energy Minister PETER KAPALA says this will be done through the private sector working with the Rural Electrification Authority –REA- and other partners such as the European Union

Investrust Bank in possession gets K1bn to pay depositors

Masauso Mkwayaya ZNBC News Government has provided K1bn fiscal support to attend to Investrust Bank in possession insolvency. The level of insolvency at Investrust Bank in possession is estimated at K850m. Bank of Zambia -BoZ- Governor DENNY KALYALYA says Investrust Bank has been possessed because the institution’s assets are not enough to meet its liabilities.

Trade Kings pledges to enhance manufacturing capacity

Patricia Banda ZNBC News Trade Kings Group has pledged to continue investing in the manufacturing industry to help grow the economy of the country. Trade Kings Group Public Relations and Corporate Affairs Manager, BRIDGET KAMBOBE says the company has capacity to manufacture for both the local and international markets Ms KAMBOBE said Trade Kings Group
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