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 an unexpectedly large interest-rate hike and a decree that local banks hold back more funds in reserve. The kwacha has climbed almost every day since the Bank of Zambia increased… Continue reading Zambian Kwacha Turns World Beater With Help From Central Bank
Category: Business
THIEVES STEAL EAGLES IMPORTED MEALIE-MEAL
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 housing imported eagles’ mealie meal meant for export to the Democratic Republic of Congo. ZNS Chief Marketing and Public Relations Mable Nyone has disclosed that 212 by 25-kilogram bags of… Continue reading THIEVES STEAL EAGLES IMPORTED MEALIE-MEAL
REA BOARD APPROVES OVER K594 MILLION BUDGET FOR IMPLEMENTATION OF RURAL ELECTRIFICATION PROJECTS IN 2024
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 Directors has approved a K594, 214,177 budget for the implementation of rural electrification projects across the 10 provinces of Zambia. Speaking at a media briefing in Lusaka today, REA Chief… Continue reading REA BOARD APPROVES OVER K594 MILLION BUDGET FOR IMPLEMENTATION OF RURAL ELECTRIFICATION PROJECTS IN 2024
Wicknell explains source of wealth
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 have seen him accumulate a considerable amount of wealth. Mr Chivayo has come under the spotlight over the last few weeks, as he splurged on a cars for various people,… Continue reading Wicknell explains source of wealth
LCC TO SHUT DOWN ERRING BARS, NIGHT CLUBS ON VALENTINE’S DAY
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 owners against allowing underage patrons on their premises to maximise their returns on special days such as Valentine’s Day. Bars, nightclubs and casino owners as well as liquor stores are… Continue reading LCC TO SHUT DOWN ERRING BARS, NIGHT CLUBS ON VALENTINE’S DAY
ZICTA DEACTIVATES 144,000 SCAMMERS
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 also received and handled 30,734 service-related complaints, out of which 14,826 bordered on mobile money-related fraud. ZICTA corporate communications manager Hanford Chaaba said in an interview that the authority profiled… Continue reading ZICTA DEACTIVATES 144,000 SCAMMERS
Copperbelt University Granted Manganese Exploration Licence
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 Bwalya has said. Speaking during a media breakfast meeting at the university council chamber, Prof Bwalya said the institution is looking for private-sector partners to execute the exploration and mining… Continue reading Copperbelt University Granted Manganese Exploration Licence
POWER GENERATION TO REDUCE THIS YEAR AT KARIBA – ZESCO
POWER GENERATION TO REDUCE THIS YEAR AT KARIBA – ZESCO Zesco says electricity generation at the Kariba North Bank Power Station will this year reduce to 214 Mega Watts compared to 386 Mega Watts generated in 2023. Zesco Managing Director VICTOR MAPANI says this follows the reduction in water levels in the Kariba Dam which… Continue reading POWER GENERATION TO REDUCE THIS YEAR AT KARIBA – ZESCO
Liquidity to tighten further after Govt directive to mop K14 billion from banks
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 to local businesses and individuals is expected to further shrink and is now threatening profitability of the industry after a directive from the ministry of finance. According to memos seen… Continue reading Liquidity to tighten further after Govt directive to mop K14 billion from banks
MICROLINK BUYS ROBOT TO HELP RESCUE TRAPPED MINERS IN FLOODED MINE
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 been engaged to provide a robot that will be used to search and possibly retrieve the seven trapped miners. MACRO Link Mine Mining Manager JOSEPH Manyepa said the recent initiative… Continue reading MICROLINK BUYS ROBOT TO HELP RESCUE TRAPPED MINERS IN FLOODED MINE