Category: Business

Copperbelt University Granted Manganese Exploration Licence

CBU GRANTED MANGANESE EXPLORATION LICENCE Copperbelt University (CBU) has been granted two large-scale manganese exploration licences in Mwense district, Luapula Province, acting Vice-Chancellor Professor John Bwalya has said. Speaking during a media breakfast meeting at the university council chamber, Prof Bwalya said the institution is looking for private-sector partners to execute the exploration and mining… Continue reading Copperbelt University Granted Manganese Exploration Licence

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POWER GENERATION TO REDUCE THIS YEAR AT KARIBA – ZESCO

POWER GENERATION TO REDUCE THIS YEAR AT KARIBA – ZESCO Zesco says electricity generation at the Kariba North Bank Power Station will this year reduce to 214 Mega Watts compared to 386 Mega Watts generated in 2023. Zesco Managing Director VICTOR MAPANI says this follows the reduction in water levels in the Kariba Dam which… Continue reading POWER GENERATION TO REDUCE THIS YEAR AT KARIBA – ZESCO

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Liquidity to tighten further after Govt directive to mop K14 billion from banks

Musokotwane

Liquidity to tighten further after Govt directive to mop K14 billion from banks Liquidity conditions for banks and in effect funds available for onward lending to local businesses and individuals is expected to further shrink and is now threatening profitability of the industry after a directive from the ministry of finance. According to memos seen… Continue reading Liquidity to tighten further after Govt directive to mop K14 billion from banks

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MICROLINK BUYS ROBOT TO HELP RESCUE TRAPPED MINERS IN FLOODED MINE

MICROLINK BUYS ROBOT TO HELP RESCUE TRAPPED MINERS IN FLOODED MINE Management at Macrolink Mine has disclosed that a South African company Hill International has been engaged to provide a robot that will be used to search and possibly retrieve the seven trapped miners. MACRO Link Mine Mining Manager JOSEPH Manyepa said the recent initiative… Continue reading MICROLINK BUYS ROBOT TO HELP RESCUE TRAPPED MINERS IN FLOODED MINE

IMF CAUSING FUEL PUMP PRICE HIKES – SICHONE

IMF CAUSING FUEL PUMP PRICE HIKES – SICHONE CITIZENS First Party Spokesperson, Frank Sichone, has charged that the continued hike in fuel prices is a result of Government’s adherence to conditions set by external entities such as the International Monetary Fund-IMF. Reacting to the latest hike in fuel prices, Sichone has questioned why Government is… Continue reading IMF CAUSING FUEL PUMP PRICE HIKES – SICHONE

ERB INCREASES FUEL PUMP PRICE

ERB INCREASES FUEL PUMP PRICE THE Energy Regulation Board-ERB, hSas adjusted upwards the price of Petrol, Diesel and Jet A-1 effective February 1, 2024. A litre of petrol will now sale at K34.19 from K29.98, an increase by K4.21. Diesel has been pegged at K32.15 per litre from K29.96, an increment of K2.91, while Jet… Continue reading ERB INCREASES FUEL PUMP PRICE

ZAMBIA TO HOST ANOTHER DIGITAL GOVERNMENT AFRICA SUMMIT IN OCTOBER

Smart Zambia National Coordinator Percy Chinyama

ZAMBIA TO HOST ANOTHER DIGITAL GOVERNMENT AFRICA SUMMIT IN OCTOBER …as two MoU’s have been signed with Africa Brains and Visa International Service Association in preparation of the summit January 31, 2024 LUSAKA – Smart Zambia says it will this year in October host the 2024 Digital Government Africa (DGA) Summit. And Smart Zambia has… Continue reading ZAMBIA TO HOST ANOTHER DIGITAL GOVERNMENT AFRICA SUMMIT IN OCTOBER

Metbank, Zambian firm lock horns

Metbank, Zambian firm lock horns Zimbabwean bank Metbank is embroiled in a scandal in which it has reportedly failed to pay US$78 000, in a transaction that involved delivery of maize by a Zambian firm, Yetu Agro. Documents seen by NewsDay Business show that Power Zimbabwe, a company under the War Veterans Affairs ministry, got… Continue reading Metbank, Zambian firm lock horns