The International Monetary Fund (IMF) says Zambia’s new administration need to take steps to restore macroeconomic stability while protecting the vulnerable and creating more inclusive growth. Read more.
The newly inaugurated president of Zambia Hakainde Hichilema has promised the country with 10% growth per year during his five-year term in power as discussions with the International Monetary Fund (IMF) over provision of financial support continue. 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.
With the objective being to pluck Zambia out of its protracted debt crisis, the country’s newly appointed Finance Minister Situmbeko Musokotwane, last week on Friday made a pledge to conclude talks with the International Monetary Fund (IMF) on matters of lending programme by October. Read more.
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.
Mining firms in Zambia, particularly copper producers, are prepared to commence expansion projects next year that are valued at $2 billion after they manage to reach an agreement on royalties with a new administrative under newly elected president Hakainde Hichilema. Read more.
Zambia’s new President Hakainde Hichilema has promised to position Zambia as Africa’s top mining countries by instituting a raft of measures that include expansion of the mining value chain and mineral diversification. Read more.