ZESCO TO ADD 500 MW OF SOLAR POWER TO THE NATIONAL GRID
Zesco Limited says about 500 Megawatts of electricity from various solar initiatives will be added to the National grid soon. The utility says of that target, 134 megawatts of solar…
Posted inBusiness & Finance Economy
ANNUAL INFLATION REMAINS UNCHANGED AT 16.5%
By Cecilia Chiluba Zambia's annual inflation rate for April 2025 has remained unchanged at 16.5%, according to latest data from the Zambia Statistics Agency (ZamStats). This is consistent with the previous…
Posted inBusiness & Finance Economy
ZAMBIA FACES COORDINATION CHALLENGS ON NON-BONDED COMMERCIAL CREDITORS
By Cecilia Chiluba Finance and National Planning Minister has attributed the lengthy debt negotiation processes to significant challenges in coordinating non-bonded commercial creditors. So far, Zambia has signed bilateral agreements…
GOVT ACKNOWLEDGES ZAMBIA’S PROGRESS IN CLIMATE POLICIES
By Cecilia Chiluba Ministry of Green Economy has acknowledged Zambia's progress in climate policies, such as the Green Economy and Climate Change Act of 2024 and the National Adaptation Plan.…
Posted inBusiness & Finance Economy
ZICA CALLS FOR CONTINUED IMPLEMENTATION OF PRUDENT FISCAL MEASURES
By Cecilia Chiluba Zambia Institute of Chartered Accountants (ZICA) says the country’s targeted budget deficit of 3.1% of Gross Domestic Product (GDP), reflects a positive shift toward fiscal discipline, bolstered by the…
Posted inBusiness & Finance International News
OIL UP OVER 1% ON IRAN SANCTIONS, LOWER US CRUDE STOCKS
By Reuters Oil prices climbed more than 1% on Wednesday, as investors weighed a fresh round of U.S. sanctions on Iran, a drop in U.S. crude stocks and a softer…
Posted inBusiness & Finance Economy
BANK OF CHINA PLEDGES TO SUPPORT INITIATIVES THAT DRIVE ZAMBIA’S ECONOMIC GROWTH
By Amos Sikaonga Bank of China has reaffirmed its commitment to supporting initiatives that drive Zambia’s economic growth, for the mutual benefit of both countries. Bank Managing Director, Li Xuewen,…
Posted inBusiness & Finance International News
TRUMP HINTS AT SOFTENING CHINA TARIFFS AND SAYS NO PLAN TO SACK FED BOSS
By BBC United States (US) President Donald Trump has appeared to soften his recent comments on China and the head of the US Federal Reserve after recent clashes as he…
Posted inBusiness & Finance Economy
KWACHA EXPECTED TO SEE STEADY APPRECIATION OF BELOW K28 OVER MEDIUM TERM
By Cecilia Chiluba An Economist says the Kwacha may see a steady appreciation of below K28 over the medium term. The US Dollar is currently buying at Twenty-Eight Kwacha Forty…
Posted inBusiness & Finance
ZACA, CRAZ CALL FOR ACTION AGAINST ONLINE TAXI DRIVERS DEMANDING EXORBITANT FARES
By Cecilia Chiluba Zambia Consumer Association (ZACA) and Commuter Rights Association of Zambia (CRA) have called for immediate action against overcharging by drivers working for a named online taxi company.…