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
Category: Business
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
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
FUEL PRICE TO HIT K37.13 PER LITRE TOMORROW
JUST IN: FUEL PRICE TO HIT K37.13 PER LITRE TOMORROW By Rick Nchito The price of fuel is tomorrow expected to hit K37.13 per litre from the current K29.98. Sources at the Energy Regulation Board (ERB) have disclosed to Koswe that Zambians should expect a sharp increase in fuel prices tomorrow. The sharp increase is… Continue reading FUEL PRICE TO HIT K37.13 PER LITRE TOMORROW
THINGS HAVE BECOME SO EXPENSIVE – TIYENI TUKOSE
THINGS HAVE BECOME SO EXPENSIVE – TIYENI TUKOSE. Yesterday I asked for my wife’s ATM card, got into the super market to get mealie meal. While in the shop I realized I needed fo get mouth wash so I added onr bottle. The bill was K535. I got into the car with mouth wash in… Continue reading THINGS HAVE BECOME SO EXPENSIVE – TIYENI TUKOSE
MOPANI IS FINALLY DONE, WE NOW WAIT FOR KCM
MOPANI IS FINALLY DONE, WE NOW WAIT FOR KCM By Vedanta Must Return Community Campaign Movement (Chingola/Chililabombwe Consortium) 29.01.2024 The recent Development of Mopani Copper Mines paying off suppliers and contractors, has given us hope as Copperbelt Province residents, especially here in Chililabombwe/Chingola. This is because we also have KCM for which we are diligently… Continue reading MOPANI IS FINALLY DONE, WE NOW WAIT FOR KCM
BWACHA CONSTITUENCY ROADS TO GET FACE LIFT AT COST OF K5.1 MILLION
BWACHA CONSTITUENCY ROADS TO GET FACE LIFT AT COST OF K5.1 MILLION Government has allocated K5.1 million towards the rehabilitation of 47.5 Kilometers of roads in Bwacha Constituency in Kabwe District of Central province, under the 2023 Constituency Development Fund (CDF). Kabwe District Planning Officer Bwalya Chikwanda said in an interview that the Kabwe Municipal… Continue reading BWACHA CONSTITUENCY ROADS TO GET FACE LIFT AT COST OF K5.1 MILLION