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
Category: Business
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President Ruto says he will not sign Finance Bill 2024, orders it to be withdrawn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as the protests have led to… Continue reading President Ruto says he will not sign Finance Bill 2024, orders it to be withdrawn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
ECONOMISTS WARN OF ECONOMIC IMPACT OF DROUGHT DISASTER
ECONOMISTS WARN OF ECONOMIC IMPACT OF DROUGHT DISASTER Economics Association of Zambia – EAZ President Dr Oswald Mungule has expressed concern over the adverse effects of the ongoing drought on Zambia’s economy. Mungule attributes the hindrance in economic growth to natural disasters caused by climate change, particularly drought. He said the severity of the situation… Continue reading ECONOMISTS WARN OF ECONOMIC IMPACT OF DROUGHT DISASTER
ERB MAPS AREAS WITHOUT FILLING STATIONS TO COMBAT ILLEGAL FUEL SALES IN SOUTHERN REGION
ERB MAPS AREAS WITHOUT FILLING STATIONS TO COMBAT ILLEGAL FUEL SALES IN SOUTHERN REGION The Energy Regulation Board (ERB) in the Southern Region has taken a proactive step by mapping areas lacking filling stations. This initiative aims to provide investors with essential information for consideration. Illegal fuel sales are prevalent in rural areas, and ERB’s… Continue reading ERB MAPS AREAS WITHOUT FILLING STATIONS TO COMBAT ILLEGAL FUEL SALES IN SOUTHERN REGION
ZDA HAS NOT GIVEN 6 MILLION HECTARES OF LAND TO ANY INVESTOR- Minister of Commerce, Hon.Chipoka Mulenga
ZDA HAS NOT GIVEN 6 MILLION HECTARES OF LAND TO ANY INVESTOR •….The investor presented various scenarios of investment from One hectare to 6 million hectares with an indicative investment amount of USD 72 billion over a period of 20 years. Zambia Development Agency (ZDA) would like to clarify misinformation currently circulating on the… Continue reading ZDA HAS NOT GIVEN 6 MILLION HECTARES OF LAND TO ANY INVESTOR- Minister of Commerce, Hon.Chipoka Mulenga
PRESIDENT HICHILEMA MUST DISSOLVE ZESCO BOARD, AND FIRE MD -Emmanuel Mwamba
PRESIDENT HICHILEMA MUST DISSOLVE ZESCO BOARD, AND FIRE MD – PF •ZESCO exhausts water allocated for power generation in 2024. • ZESCO Board and Management have been grossly incompetent,careless and irresponsible • Further ZESCO must disclose details of all recent power purchase agreements signed with potential independent power producers as this has capacity to bankrupt… Continue reading PRESIDENT HICHILEMA MUST DISSOLVE ZESCO BOARD, AND FIRE MD -Emmanuel Mwamba
Katondo forex raid pointless
Katondo forex raid pointless GOVERNMENT should consider formalizing the informal trading forex instead of clamping down on foreign exchange traders in Katondo Street because such an action would only achieve the creation of anxiety in the economy, Dr Lubinda Haabazoka has said. Dr Haabazoka says illegal forex traders have been fought by successful Governments but… Continue reading Katondo forex raid pointless