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Friday, October 30, 2020

WORLD BANK SUPPORTS ZAMBIA WITH $25 MILLION TO ADDRESS COVID-19

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WASHINGTON, - World Bank has approved $25 million to support Zambia’s response to the Covid-19 (coronavirus) pandemic.Of this amount, $20 million will...

IMF finally names rep to Zambia, signaling positive ties

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THE International Monetary Fund (IMF) has finally named a new representative to Zambia, two years after the post was vacated.This development signals...

URGENT ECONOMIC PLAN VITAL

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By BUUMBA CHIMBULUZAMBIA needs to urgently institute a massive and demonstrable inward looking economic recovery plan that emphaises cost saving programmes that...

IMF wants relaxed conditions for Africa

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By BUUMBA CHIMBULUTHE International Monetary Fund (IMF) has called for the relaxation of external financial conditions for Sub-Saharan Africa to access hard...

STATE, MINES IN TAX DEBT SWAP

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By BUUMBA CHIMBULUSOME mining companies are undertaking tax offsets with Government, says Zambia Chamber of Mines (ZCM).Under the debt swap arrangement, some...

DEPRECIATION OF THE KWACHA INFLATES PRICES OF GOODS AND SERVICES

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DEAR EDITOR,THE Kwacha is Zambia's legal currency which has been depreciating against the major convertible currencies such as the United States Dollar...

GOLD MINING CURE FOR ZAMBIA’S ECONOMY

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By BUUMBA CHIMBULUGOLD mining if well exploited can assist in addressing macroeconomic challenges in Zambia, a Swedish organisation has said.Sweden’s Diakonia Country...

ABSA predicts slower sub-saharan Africa economic growth

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BY MARTIN AKENDEABSA Group has predicted a slower economic growth in sub-saharan Africa in 2021 compared to 2019 before the outbreak of...

US OFFERS ZAMBIA K39BN AID DEAL

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By PRISCA LUMINGU-BANDATHE United States has announced a K39 billion five-year development programme for Zambia which will be invested in health, agriculture,...

Chinese set up manganese processing plants

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By SILUMESI MALUMOGOVERNMENT has disclosed that two Chinese mining companies are setting up manganese processing plants in Central Province.Minister of Commerce, Trade...
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