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Category: Business

Zambia asks for IMF loan to be increased to $1.7 billion

June 5, 2024 zambianstreets Business, Politics

Zambia asks for IMF loan to be increased to $1.7 billion LUSAKA, June 4 (Reuters) – The International Monetary Fund (IMF) said on Tuesday that

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WE’VE REPOSSESSED TANKERS FROM OMCs NOT REMITTING THEIR DUES – NKANDU

June 5, 2024 zambianstreets Business, Politics

WE’VE REPOSSESSED TANKERS FROM OMCs NOT REMITTING THEIR DUES – NKANDU YOUTH, Sport and Arts Minister Elvis Nkandu says government has repossessed some tankers from

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Zambian Kwacha Turns World Beater With Help From Central Bank

February 21, 2024 zambianstreets Business, Politics

2024-02-19 12:16:37.466 GMT By Taonga Mitimingi and Colleen Goko (Bloomberg) — Zambia’s currency is in its longest winning streak in nearly a year, supported by

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THIEVES STEAL EAGLES IMPORTED MEALIE-MEAL

February 21, 2024 zambianstreets Business, Politics

THIEVES STEAL EAGLES IMPORTED MEALIE-MEAL By Patricia Male Thieves last night broke into one of the Zambia National Service -ZNS- at Kasumbalesa Boarder which was

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REA BOARD APPROVES OVER K594 MILLION BUDGET FOR IMPLEMENTATION OF RURAL ELECTRIFICATION PROJECTS IN 2024

February 21, 2024 zambianstreets Business, Politics

REA BOARD APPROVES OVER K594 MILLION BUDGET FOR IMPLEMENTATION OF RURAL ELECTRIFICATION PROJECTS IN 2024 By Patricia Male The Rural Electrification Authority -REA- Board of

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Wicknell explains source of wealth

February 17, 2024 zambianstreets AFRICA, Business

FLAMBOYANT businessman and philanthropist Mr Wicknell Chivayo has explained his source of wealth, saying he is involved in legitimate business interests which over the years

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LCC TO SHUT DOWN ERRING BARS, NIGHT CLUBS ON VALENTINE’S DAY

February 14, 2024 zambianstreets Business

LCC TO SHUT DOWN ERRING BARS, NIGHT CLUBS ON VALENTINE’S DAY 13th February, 2024 The Lusaka City Council (LCC) is cautioning bars, nightclubs and casino

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ZICTA DEACTIVATES 144,000 SCAMMERS

February 11, 2024 zambianstreets Business

ZICTA DEACTIVATES 144,000 SCAMMERS Zambia Information and Communications Technology Authority (ZICTA) says it deactivated 144,000 scammers as of December last year. The authority last year

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Copperbelt University Granted Manganese Exploration Licence

February 11, 2024 zambianstreets Business

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

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POWER GENERATION TO REDUCE THIS YEAR AT KARIBA – ZESCO

February 3, 2024 zambianstreets Business

POWER GENERATION TO REDUCE THIS YEAR AT KARIBA – ZESCO Zesco says electricity generation at the Kariba North Bank Power Station will this year reduce

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

February 3, 2024 zambianstreets Business

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

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MICROLINK BUYS ROBOT TO HELP RESCUE TRAPPED MINERS IN FLOODED MINE

February 3, 2024 zambianstreets Business, Uncategorized

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

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IMF CAUSING FUEL PUMP PRICE HIKES – SICHONE

February 1, 2024 zambianstreets Business, Politics

IMF CAUSING FUEL PUMP PRICE HIKES – SICHONE CITIZENS First Party Spokesperson, Frank Sichone, has charged that the continued hike in fuel prices is a

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ERB INCREASES FUEL PUMP PRICE

February 1, 2024 zambianstreets Business, Politics

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

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ZAMBIA TO HOST ANOTHER DIGITAL GOVERNMENT AFRICA SUMMIT IN OCTOBER

February 1, 2024 zambianstreets Business, Politics

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

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Metbank, Zambian firm lock horns

January 31, 2024 zambianstreets AFRICA, Business

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

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FUEL PRICE TO HIT K37.13 PER LITRE TOMORROW

January 30, 2024 zambianstreets Business, Politics

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

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THINGS HAVE BECOME SO EXPENSIVE – TIYENI TUKOSE

January 30, 2024 zambianstreets Business, Politics

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.

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MOPANI IS FINALLY DONE, WE NOW WAIT FOR KCM

January 29, 2024 zambianstreets Business, Politics

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

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BWACHA CONSTITUENCY ROADS TO GET FACE LIFT AT COST OF K5.1 MILLION

January 23, 2024 zambianstreets Business

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

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MAJOR ZESCO SUBSTATION EXPLODES LEAVING SEVERAL AREAS IN LUSAKA WITHOUT POWER SUPPLY

January 18, 2024 zambianstreets Business

By Chileshe Mwango Rhoespark, Garden, Thornpark, Northmead and parts of Fairview areas have been left without power supply after a major ZESCO substation located in

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MINE-WORKER UNIONS IN NEAR PUNCH-UP OVER ALLEGED DIVISIONS IN THE INDUSTRY

January 17, 2024 zambianstreets Business

MINE-WORKER UNIONS IN NEAR PUNCH-UP OVER ALLEGED DIVISIONS IN THE INDUSTRY There was a near punch-up among the 8 Mine-Worker Unions at Kitwe’s Garden Court

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FARMERS IN CHIPATA VISITING BANKS TO ACCESS AGRIC LOANS

January 17, 2024 zambianstreets Business

FARMERS IN CHIPATA VISITING BANKS TO ACCESS AGRIC LOANS Farmers in Eastern Province have started the process of accessing loans under the credit window facility

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Ethiopian Airline fails to land at Simon Mwansa Kapwepwe International Airport due to heavy rains

January 14, 2024 zambianstreets Business

Ethiopian Airline fails to land at Simon Mwansa Kapwepwe International Airport due to heavy rains “After one hour of failed attempts to land at Simon

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CHEAPER EAGLES MEALIE MEAL FLOODS THE MARKET

January 14, 2024 zambianstreets Business, Politics

CHEAPER EAGLES MEALIE MEAL FLOODS THE MARKET THE Food Reserve Agency (FRA) in Northern Province says it has offloaded over 1,000 metric tonnes of maize

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ZISC NEW BOARD UNVEILED

January 13, 2024 zambianstreets Business, Politics

ZISC NEW BOARD UNVEILED The Industrial Development Corporation Limited (IDC) Chief Executive Officer Cornwell Muleya has announced and unveiled the new Board of Directors for

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CURRENT MEALIE-MEAL PRICES FETCHING AT 410 IN EASTERN PROVINCE ARTIFICIAL

January 11, 2024 zambianstreets Business, Politics

CURRENT MEALIE-MEAL PRICES FETCHING AT 410 IN EASTERN PROVINCE ARTIFICIAL The Millers’ Association of Zambia says the current high mealie-meal prices in eastern province fetching

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PRESIDENT HICHILEMA URGES ZAMBIANS TO STOP VILIFYING INVESTORS

January 11, 2024 zambianstreets Business, Politics

By Balewa Zyuulu President Hakainde Hichilema has commissioned the Zambian Breweries upgraded plant with a call on Zambians to stop vilifying investors but have a

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SALARY AND WORKING CONDITION NEGOTIATION AT MOPANI AND KCM DEFERRED

January 11, 2024 zambianstreets Business, Politics

SALARY AND WORKING CONDITION NEGOTIATION AT MOPANI AND KCM DEFERRED By Michael Kaluba Negotiations for salaries and working conditions at both Konkola Copper Mines-KCM- and

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Mark Zuckerberg opens a cattle ranch

January 11, 2024 zambianstreets Business, Trending

Mark Zuckerberg opens a cattle ranch He writes Started raising cattle at Ko’olau Ranch on Kauai, and my goal is to create some of the

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HIGHLIGHTS OF PRESIDENT HAKAINDE’S TOUR OF THE EXPANDED ZAMBIA BREWERIES PLC PLANT

January 11, 2024 zambianstreets Business

HIGHLIGHTS OF PRESIDENT HAKAINDE’S TOUR OF THE EXPANDED ZAMBIA BREWERIES PLC PLANT Today, His Excellency the President of the Republic of Zambia Mr. Hakainde Hichilema

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OMCAZ IMPLORES GOVERNMENT TO RESTRICT THE USE OF THE TAZAMA PIPELINE

January 9, 2024 zambianstreets Business, Politics

OMCAZ IMPLORES GOVERNMENT TO RESTRICT THE USE OF THE TAZAMA PIPELINE By Michael Kaluba The Oil Marketing Companies Association of Zambia has implored government to

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GOVERNMENT PLANS TO INCREASE COPPER PRODUCTION TO STABILIZE FOREIGN EXCHANGE

January 9, 2024 zambianstreets Business, Politics

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

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ZUPED HAPPY WITH EXPORT PROCEEDS TRACKING FRAMEWORK

January 9, 2024 zambianstreets Business, Politics

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

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

January 8, 2024 zambianstreets Business, Health & Fitness, Politics

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,

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

January 8, 2024 zambianstreets Business, Court & Crime, Politics

MONEY CIRCULATION SCHEME INVESTIGATIONS: “PUBLIC URGED TO EXERCISE PATIENCE AND CAUTION “ The Drug Enforcement Commission (DEC) acknowledges the concerns of those who have invested

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MORE ZNS MEALIE MEAL EXPECTED IN CHIPATA

January 8, 2024 zambianstreets Business, Politics

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

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Brenthurst Foundation on Mpulungu Harbour Board

January 7, 2024 zambianstreets Business, Politics

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

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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

January 7, 2024 zambianstreets Business, Politics

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

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DIAMOND TV ACQUIRES BROADCAST AND PUBLIC VIEWING RIGHTS TO SHOW ALL 52 AFCON MATCHES

January 7, 2024 zambianstreets Business, Trending

DIAMOND TV ACQUIRES BROADCAST AND PUBLIC VIEWING RIGHTS TO SHOW ALL 52 AFCON MATCHES Lusaka, 05.01.2024 – Diamond TV is pleased to announce to its

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