Category Archives: Zambia News

Zambia News

International and local support bodes well for Zambia dispute resolution centre

Zambia is a step closer to seeing a much needed international dispute resolution centre after a funding workshop in Lusaka last week. Overwhelming support for the initiative came from local and international governments, civil society organisations, as well as business representatives.

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Zambian airports record more passengers in 2016’s third quarter

Picture caption: Proflight Zambia is the major scheduled airline in Zambia. Picture HUMPHREY NKONDE

Picture caption: Proflight Zambia is the major scheduled airline in
Zambia. Picture HUMPHREY NKONDE

By HUMPHREY NKONDE

Zambia’s four international airports recorded 456, 750 passengers in third quarter of 2016, representing an increase of 1.3 percent from the number of travellers who were recorded in the same period in 2015.

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Zambian government to surrender crude oil procurement to private sector

Zambia's finance minister Felix Mutati before he presented the 2017 national budget. Picture credit: Lusaka Times.

Zambia’s finance minister Felix Mutati before he presented the 2017
national budget. Picture credit: Lusaka Times.

By HUMPHREY NKONDE

The Zambian government will surrender procurement of finished petroleum products to the private sector starting in March next year.

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Zambia’s Economy on the Low due to Power Shortages and Low Export

Policy instability is continually hurting the economy of Zambia as other local activities and external factors also contributes to this inflection. In view, Mr. Tsidi Tsikata led a team of International Monetary Fund (IMF) staff to assess the economic status of of Zambia while making meaningful inputs towards necessary steps that will help redefine the strength of the economy and also enhance a gradual growth of the economy. Tsidi Tsikata and his team led the study after being invited by authorities of Zambia, the exercise was carried out for close to two weeks.

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High taxes hit Zambians in new Budget

As Zambia’s copper revenues dwindle government has now unleashed more taxes to make up on the cash deficit.

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Zambia Chamber of Commerce & Industry engages with Zambian business to launch a national mediation and arbitration centre

The Zambia Chamber of Commerce and Industry (ZACCI) will be engaging with senior Zambian business, government and civil society leaders on 10 November in order to take the next step in establishing a Zambian Dispute Resolution Centre.

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Debate on Zambia’s copper equity rages on

By Hicks Sikazwe

The debate on who benefits from Zambia’s copper proceeds heightened in 2014 when Canada’s Barrick Gold suspended operations at Lumwana in Solwezi threatening to pull out of the country over a new mineral tax.

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Zambian mining town stalks Angola DRC business

By Hicks Sikazwe

The mining town of Solwezi, 633 Kilometres North West of   Zambia’s capital Lusaka, has been transformed  into an active centre of business eying markets beyond  borders.

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Lunzuwa hydro-power to spur Zambia’s rural development push

By Hicks Sikazwe

Mpulungu, a small district in Northern Zambia, sits more than 1000 kilometres from the capital city Lusaka.

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Manufacturing remains Zambia’s hope for economic resurgence

In 1968, exactly four years after independence and at a time Copper was enjoying good prices, a thought dropped in the minds of  some  government officials  that there was need to add value to the red metal and manufacture from it products for local consumption.

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Zambia highlights key essentials to Africa’s development

Zambia made the remarks at the just-concluded Africa-week joint debate on New Partnership for Africa’s Development (NEPAD), focusing on the progress in implementation and international support as well as on the decade to roll back malaria in developing countries, particularly in Africa

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UBA makes a profit of N 62 billion in 9 months

By HUMPHREY NKONDE

United Bank of Africa (UBA) has in the last nine months increased its profits by seven percent representing N62 billion before tax.

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ZICTA says Zambia has 5 million broadband users

By HUMPHREY NKONDE

Zambia Information Communications Technology Authority (ZICTA) has released statistics showing that there were more than five million users of broadband Internet in Zambia.

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Zambia’s new fuel prices rattle business community

By Hicks Sikazwe

Zambia has increased the price of fuel by about 40 percent after government withdrew subsidies on the commodity.

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Smuggling rocks Zambia-DR Congo border

By Hicks Sikazwe

Rampant smuggling of maize meal from Zambia’s Coperbelt into the Democratic Republic of the Congo (DRC) has erupted along the porous border.

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Vodafone Zambia secures business in Internet services

Mobile Broadband Zambia Limited, trading as Vodafone Zambia, has secured some business with Necor Zambia Limited in the provision of high speed internet services.

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Zambia Tanzania buz links

By Hicks Sikazwe

Zambia and Tanzania share many business and cultural similarities. They share transport links   and   enjoy   common banking services in some border towns.

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