Business - Zambia Streets

Sporadic Riots Erupt in Chingola as Young Illegal Miners Clash with Police

Sporadic Riots Erupt in Chingola as Young Illegal Miners Clash with Police Tensions boiled over in the mining town of Chingola today as a group of young illegal miners popularly called jeraboz took to the streets to protest the sale of their mining pits to alleged Chinese firms. The crowd, which included children as young… Continue reading Sporadic Riots Erupt in Chingola as Young Illegal Miners Clash with Police

Zambia’s Financial Watchdog Uncovers ZMW13.58 Billion in Suspicious Activity

… An Increase of 133% between 2022 and 2023… The Financial Intelligence Centre (FIC) of Zambia has reported a staggering 133% increase in the value of intelligence reports disseminated to law enforcement agencies, reaching a startling ZMW13.58 billion in 2023, up from ZMW5.83 billion the previous year. This spike in reported illicit financial flows comes… Continue reading Zambia’s Financial Watchdog Uncovers ZMW13.58 Billion in Suspicious Activity

CASINO’S IN ZAMBIA CLEANING DIRTY MONEY

Zambia’s Financial Intelligence Centre (FIC) has released a troubling report, highlighting the country’s growing vulnerability to money laundering and other financial crimes. The report reveals a surge in suspicious financial activity, with the casino industry emerging as a particularly problematic sector. According to the report, the number of suspicious transaction reports analyzed by the FIC… Continue reading CASINO’S IN ZAMBIA CLEANING DIRTY MONEY

UPDATE; VIET-ZAMBIA OBTAINS 250 HECTARES OF LAND IN KANCHIBIYA

UPDATE; VIET-ZAMBIA OBTAINS 250 HECTARES OF LAND IN KANCHIBIYA ..as Super Glory Investment, Ministry of Mines has granted them a Trading Permit for Gold, Silver and Platinum, while the firm has obtained 250 hectares of land in Kanchibiya, and has also obtained construction and mining permits from the NCC as a citizen-owned company… Viet-Zambia Diversified… Continue reading UPDATE; VIET-ZAMBIA OBTAINS 250 HECTARES OF LAND IN KANCHIBIYA

FRA PROCURES ABOUT 120,000 METRIC TONNES OF MAIZE SINCE COMMENCEMENT OF RELIEF MAIZE BUYING

FRA PROCURES ABOUT 120,000 METRIC TONNES OF MAIZE SINCE COMMENCEMENT OF RELIEF MAIZE BUYING Agriculture Minister Reuben Mtolo has disclosed that in response to President Hakainde Hichilema’s declaration of a national disaster due to drought, government through the food reserve agency -FRA- has procured approximately 120,000 metric tonnes of maize since the commencement of the… Continue reading FRA PROCURES ABOUT 120,000 METRIC TONNES OF MAIZE SINCE COMMENCEMENT OF RELIEF MAIZE BUYING

ZRA misses revenue collection target by 11%

ZRA misses revenue collection target by 11% The Zambia Revenue Authority – ZRA has missed its April 2024 tax collection target by a notable 11%, perhaps depicting the tough economic conditions existing in the Zambian economy. ZRA collected a total of K12 billion (abut US$460 million) against a set target of K13.6 billion for the… Continue reading ZRA misses revenue collection target by 11%

President Ruto says he will not sign Finance Bill 2024, orders it to be withdrawn

Kenya president Ruto forced to follow the will of the people – backs down after protests This is a classical case of Parliament voting on party and wip line instead of representing the views of their electorates and constituencies. Ruto now faces the prospect of being forced to resign as the protests have led to… Continue reading President Ruto says he will not sign Finance Bill 2024, orders it to be withdrawn

CHIPATA-MCHINJI RAILWAY LINE TO BE REVAMPED ONCE THE JOINING RAIL IN MALAWI AND MOZAMBIQUE IS OPERATIONAL – HACHIPUKA

CHIPATA-MCHINJI RAILWAY LINE TO BE REVAMPED ONCE THE JOINING RAIL IN MALAWI AND MOZAMBIQUE IS OPERATIONAL – HACHIPUKA Zambia Railways Limited ZRL Board Chairperson Emmanuel Hachipuka says the Chipata-Mchinji Railway line can only be revamped once the joining rail from both the Malawian and Mozambiquan side start operating. Mr. Hachipuka says unless the two joining… Continue reading CHIPATA-MCHINJI RAILWAY LINE TO BE REVAMPED ONCE THE JOINING RAIL IN MALAWI AND MOZAMBIQUE IS OPERATIONAL – HACHIPUKA

LUAPULA CHIEFS COUNCIL REJECT VIET-ZAM LAND DEAL

LUAPULA CHIEFS COUNCIL REJECT VIET-ZAM LAND DEAL The Luapula province chiefs council would like to Dispel and refute media and public claims that the Royal highnesses of Luapula province have sold Or allocated 6 million hectares of land for the Rice investment project by viet zam diversified Development cooperation limited. After careful review and wider… Continue reading LUAPULA CHIEFS COUNCIL REJECT VIET-ZAM LAND DEAL