Category: Business

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

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  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. 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

Now ZESCO extends load shedding to 20 hours ZESCO Limited has announced the introduction of extended load shedding of up to 20 hours in Lusaka, citing a significant power supply shortfall. This development comes as the country has continued to grapple with multiple challenges affecting electricity generation and distribution. According to a power supply update… Continue reading Now ZESCO extends load shedding to 20 hours

“THE ASSESSMENT HAS FURTHER REVEALED THAT PART OF THE SOCIETY BUSINESS PARK, THAT IS THE RETAIL MALL AND HOTEL TOWER ARE SOUND BUT NEED ATTENTION TO ADDRESS IDENTIFIED STRUCTURAL DEFECTS.” STATEMENT BY MR SHIPANGO MUTETO, CHAIRPERSON OF THE BOARD OF TRUSTEES OF NAPSA ON THE TEMPORARY CLOSURE OF SOCIETY BUSINESS PARK. THE NATIONAL PENSION SCHEME… Continue reading “THE ASSESSMENT HAS FURTHER REVEALED THAT PART OF THE SOCIETY BUSINESS PARK, THAT IS THE RETAIL MALL AND HOTEL TOWER ARE SOUND BUT NEED ATTENTION TO ADDRESS IDENTIFIED STRUCTURAL DEFECTS.”

KARIBA NORTH BANK POWER STATION LIKELY to SHUTDOWN DOWN BY 14TH SEPTEMBER, 2024. FULL STATEMENT FROM ZESCO👇 POWER SUPPLY OUTLOOK FOR SEPTEMBER AND OCTOBER 2024 Lusaka, 26 August 2024 — ZESCO Limited (“ZESCO”) anticipates a significant power supply gap from the month of September 2024 owing to the growing drought induced hydropower generation deficit which… Continue reading KARIBA NORTH BANK POWER STATION LIKELY to SHUTDOWN DOWN BY 14TH SEPTEMBER, 2024.

Despite Zesco’s tariff hike proposal, there was no reduction in load shedding – ERB ZAMBIANS have let out a deep sigh of reliefas the Energy Regulation Board (ERB) stepped in to save them from experiencing increased electricity tariffs. ERB rejected Zesco’s application for an emergency tariff increase aimed at addressing the power deficit expected in… Continue reading Despite Zesco’s tariff hike proposal, there was no reduction in load shedding – ERB