Business - Zambia Streets

GOVERNMENT PLANS TO INCREASE COPPER PRODUCTION TO STABILIZE FOREIGN EXCHANGE

GOVERNMENT PLANS TO INCREASE COPPER PRODUCTION TO STABILIZE FOREIGN EXCHANGE MINISTER of Finance and National Planning Situmbeko Musokotwane says Government is ready to face the challenge of stabilizing the foreign exchange rate through various investments such as increasing copper production in the mining sector. Speaking at the launch of the new Indo Zambia Bank, Longacres… Continue reading GOVERNMENT PLANS TO INCREASE COPPER PRODUCTION TO STABILIZE FOREIGN EXCHANGE

ZUPED HAPPY WITH EXPORT PROCEEDS TRACKING FRAMEWORK

ZUPED President Ronnie Jere

ZUPED HAPPY WITH EXPORT PROCEEDS TRACKING FRAMEWORK …..it will help stabilize the kwacha and also improve Zambia’s economy The Zambians for Unity Peace and Development (ZUPED) has expressed happiness that the implementation of export proceeds tracking framework will help stabilize the local currency, kwacha. ZUPED President Ronnie Jere is also confident that this will help… Continue reading ZUPED HAPPY WITH EXPORT PROCEEDS TRACKING FRAMEWORK

Zambia losing about US$910m annually to road crashes – WHO

Zambia losing about US$910m annually to road crashes – WHO The World Health Organisation (WHO) says Zambia loses about US$910 million annually to road crashes, equivalent to 4.7 percent of the country’s gross domestic product (GDP). According to its Global Status Report on Road Safety 2023, if current trends persist, Zambia will face 115,000 preventable… Continue reading Zambia losing about US$910m annually to road crashes – WHO

MONEY CIRCULATION SCHEME INVESTIGATIONS: “PUBLIC URGED TO EXERCISE PATIENCE AND CAUTION “

The Drug Enforcement Commission (DEC)

MONEY CIRCULATION SCHEME INVESTIGATIONS: “PUBLIC URGED TO EXERCISE PATIENCE AND CAUTION “ The Drug Enforcement Commission (DEC) acknowledges the concerns of those who have invested in such schemes, some of which the Commission has investigated, with arrests made, and others in court, to remain patient until the courts of Law have cleared such cases. The… Continue reading MONEY CIRCULATION SCHEME INVESTIGATIONS: “PUBLIC URGED TO EXERCISE PATIENCE AND CAUTION “

MORE ZNS MEALIE MEAL EXPECTED IN CHIPATA

MORE ZNS MEALIE MEAL EXPECTED IN CHIPATA Government says the once-off activity of selling of mealie-meal by ZNS, the Zambia National Service in Chipata was to alleviate the pressure on the supply of the commodity in the city. ZNS Officers from Lusaka were in Chipata yesterday selling a 25-kilogram bag of breakfast at 230 Kwacha… Continue reading MORE ZNS MEALIE MEAL EXPECTED IN CHIPATA

Brenthurst Foundation on Mpulungu Harbour Board

Brenthurst Foundation on Mpulungu Harbour Board President Hakainde Hichilema has appointed the New Board of Directors for Mpulungu Harbour that include an official from the Brenthurst Foundation. Those appointed are; Fellystons Nchimunya as Chairperson, Precious Musonda, Joseph Mbinji and Brenthurst Foundation Mark Pearson. Mark works as a trade, transport, infrastructure and regional integration expert at… Continue reading Brenthurst Foundation on Mpulungu Harbour Board

Without a war, economic crisis or official devaluation, the Kwacha has lost its value in seven months making it the world’s worst performing currency after Argentina and Malawi

Without a war, economic crisis or official devaluation, the Kwacha has lost its value in seven months making it the world’s worst performing currency after Argentina and Malawi By Dean.N. Onyambu . The USD has appreciated 51.84% against the Kwacha, from a USD/ZMW rate of 17.025 on 23 June 2023 to a USD/ZMW rate of… Continue reading Without a war, economic crisis or official devaluation, the Kwacha has lost its value in seven months making it the world’s worst performing currency after Argentina and Malawi

ZNS COMMITS TO PURCHASE FERTILIZER FROM NITROGEN CHEMICALS OF ZAMBIA

ZNS COMMITS TO PURCHASE FERTILIZER FROM NITROGEN CHEMICALS OF ZAMBIA The Zambia National Service (ZNS) Commander Lieutenant General Maliti Solochi has directed production units across the country to purchase Basal Fertilizer from Nitrogen Chemicals of Zambia (NCZ) for the 2024/25 farming season and beyond. Lt Gen Solochi disclosed that the Service is expected to buy… Continue reading ZNS COMMITS TO PURCHASE FERTILIZER FROM NITROGEN CHEMICALS OF ZAMBIA

ZRA FOILS ATTEMPTED SMUGGLING OF K3.1M OF ETHANOL DISGUISED AS HYDROGEN PEROXIDE

ZRA FOILS ATTEMPTED SMUGGLING OF K3.1M OF ETHANOL DISGUISED AS HYDROGEN PEROXIDE THE Zambia Revenue Authority (ZRA) has intercepted 80,000 liters of ethanol concealed as hydrogen peroxide in a smuggling attempt. The estimated revenue loss from this fraudulent activity is K3.1 million. Ethanol, a key raw material for excisable products, was disguised with misleading labels… Continue reading ZRA FOILS ATTEMPTED SMUGGLING OF K3.1M OF ETHANOL DISGUISED AS HYDROGEN PEROXIDE