Zambia’s president Hakainde Hichilema says he seeks to fortify relations with the European Union to foster trade and economic development in that country. Read more.
Pan-African investment platform Africa50 has announced the creation of a new US$500 million fund called the Africa50 Infrastructure Acceleration Fund, aimed at catalysing further investment flows into African infrastructure.
Fast food outlet, Simbisa Zambia has expanded operations and now boost of 32 counters in that country, the company has announced. Read more.
The German government has pledged to contribute €100 million to the African Development Bank’s Sustainable Energy Fund for Africa (SEFA), affirming its commitment to efforts to tap Africa’s renewable energy potential and drive its transition to clean energy sources. Read more.
Mozambique has been mentioned in a new report among 8 out of 18 High Impact Countries (HICs) with new coal-fired power plants that are under active development in 2021 notwithstanding that sources of finance for new plants is tightening as more countries announce their exits from coal. Read more.
Lusaka Stock Exchange listed Lafarge Zambia is bullish the company will continue on a fine run throughout the rest of 2021 after showing resilience in the first six months of the year.
Stung by power shortages, Zimbabwe is seeking power from its neighbours Mozambique and Zambia to avert the crisis. Read more.
LUSAKA exchange listed shoe making company, Bata says the calendar shift that led to postponement of schools opening when the third wave of Covid 19 was at its peak in January this year threatened its business. Read more.
The Annual inflation rate for August 2021 decreased to 24.4 percent from 24.6 percent recorded in July 2021 mainly attributed to price movements in non-food items figures from The Zambia Statistics Agency (ZamStats) show. Read more.
Lusaka stock exchange listed British American Tobacco (Zambia) bemoans the increased illicit cigarettes trade in spite of restricted border movement by government authorities. Read more.
The Mozambican Economic Climate Indicator (ICE), a measure of business confidence, wane in the second quarter ending June registering 85.7 points, one point less than in May, Mozambique’s National Statistics Institute (INE) has announced.
LUSAKA exchange listed Zambia Reinsurance PLC says it has experienced setbacks in premium collections due to the slowing business activity prompted by lack of new opportunities from key sectors of the economy.
