Category: Business

Zambia surpasses SA as biggest supplier of electricity to Botswana at 40.5%

Zambia surpasses SA as biggest supplier of electricity to Botswana at 40.5% By Daily Revelation Reporter Zambia has surpassed South Africa as the biggest supplier of electricity to Botswana despite its decimated power generation capacity locally where Zambians have been enduring 21-hours of daily loadshedding, even more. And South Africa’s Eskom, the former biggest supplier… Continue reading Zambia surpasses SA as biggest supplier of electricity to Botswana at 40.5%

HH has failed-Zim Minister

HH has failed-Zim Minister Minister of State for Masvingo Provincial Affairs and Devolution, Hon Ezra Chadzamira was giving an example of Zambia’s failed leadership of President Hakainde Hichilema. “From the time HH entered into office as Zambian President what has he done?” Audience responds; “Nothing he has done.. Hon. Chadzamira; “The Zambians are suffering with… Continue reading HH has failed-Zim Minister

SEVERAL OMCs PROTEST OVER RECENT REDUCTION IN FUEL PUMP PRICES

SEVERAL OMCs PROTEST OVER RECENT REDUCTION IN FUEL PUMP PRICES Several Oil Marketing Companies-OMCs have over the past few days halted fuel imports in protest against the recent reduction in fuel pump prices. According to Oil Marketing Companies Association of Zambia- OMCAZ President Dr. Kafula Mubanga, some rogue OMCs are revolting against the price adjustment,… Continue reading SEVERAL OMCs PROTEST OVER RECENT REDUCTION IN FUEL PUMP PRICES

STAKEHOLDERS BACK ZESCO’S RESUBMITTED APPLICATION FOR AN EMERGENCY TARIFF UPWARD ADJUSTMENT

STAKEHOLDERS BACK ZESCO’S RESUBMITTED APPLICATION FOR AN EMERGENCY TARIFF UPWARD ADJUSTMENT Various stakeholders have backed power utility Zesco’s resubmitted application to the Energy Regulation Board-ERB-for an emergency tariff upward adjustment where it seeks to raise $14 million per month for power imports during the current energy crisis. Making a submission at the Zesco Emergency Tariff… Continue reading STAKEHOLDERS BACK ZESCO’S RESUBMITTED APPLICATION FOR AN EMERGENCY TARIFF UPWARD ADJUSTMENT

ZESCO Suspends Employee Separation Requests Due to Cash Flow constraints

ZESCO Suspends Employee Separation Requests Due to Cash Flow constraints ZESCO Board Chairperson Vickson Ncube has announced that the utility company has suspended all mutual separation requests due to financial strain brought on by ongoing load shedding. In a statement, ZESCO revealed that its revenue stream has been significantly impacted as customers are purchasing electricity… Continue reading ZESCO Suspends Employee Separation Requests Due to Cash Flow constraints

SAD – Another Zambian owned company – Zambeef taken over by British firm BII after a failed $13.5m rescue deal with govt on Chiawa farm

British state-owned enterprise takes over Zambeef ownership because of debt Zambeef Update British International Investment (BII) the British parastatal, takes over ZAMBEEF After 16th September 2024 BII will own 58.7% of Zambeef becoming the majority shareholder. BII will now have significant voting power and influence over decisions at shareholder meetings. If BII wanted to take… Continue reading SAD – Another Zambian owned company – Zambeef taken over by British firm BII after a failed $13.5m rescue deal with govt on Chiawa farm

Zambia positions to benefit from US50 Billion China support to Africa 

Zambia positions to benefit from US50 Billion China support to Africa  PRESIDENT Hakainde Hichilema has reaffirmed the UPND’s commitment to the partnership with the Communist Party of China (CPC), emphasising his commitment to continue strengthening the party through grassroots mobilisation. And the CPC has hailed President Hichilema for his personal commitment towards the development of… Continue reading Zambia positions to benefit from US50 Billion China support to Africa 

DIAMOND TELEVISION LAUNCHES NEW FACEBOOK PAGE FOLLOWING UNPUBLISHING DUE TO POLICY VIOLATIONS

DIAMOND TELEVISION LAUNCHES NEW FACEBOOK PAGE FOLLOWING UNPUBLISHING DUE TO POLICY VIOLATIONS. By Ennie Kishiki Diamond Television, Zambia’s leading private media house, recently faced the unpublishing of its official Facebook page, which had garnered over 850,000 followers. The page was removed by Meta due to policy and copyright violations. Diamond Television, Chief Visionary Officer, Costa… Continue reading DIAMOND TELEVISION LAUNCHES NEW FACEBOOK PAGE FOLLOWING UNPUBLISHING DUE TO POLICY VIOLATIONS