The elections win by opposition leader Hakainde Hichilema popularly known as HH in the just ended polls in Zambia has excited Billionaire, Strive Masiyiwa and has vowed to invest more money in that country. Read more.
Lusaka Stock Exchange listed Zambian Breweries (Zambrew) is pinning hope on high copper prices envisioned to boost forex inflows which in turn will strengthen the Zambian Kwacha ,the company has announced. Read more.
With Zambia going for presidential elections this month, independent economic and political research firm NKC economics has predicted that if incumbent Edgar Lungu wins, he will continue to create a hostile business environment through nationalist and authoritarian policies. Read more.
The Government of Zambia is seeking to establish a modern tomato (red gold) processing project worth US$5 million, to be undertaken through a Special Purpose Vehicle that will be wholly owned by private investors. Read more.
educe its economy’s over dependence on copper exports, has greatly progressed as it is indeed quite evident by the US$3 million increase in exports from the horticulture sub-sector. Read more.
African Development Bank (AfDB) has given out US$1,4 million grant to Zambia from the Global Agriculture and Food Security Program aimed at creating jobs and improve food security in the southern African’s vulnerable households. Read more.
Mining giant, ZCCM Investments Holdings (IH) has signed Group Restructuring and Reorganization Agreement with the Industrial Development Corporation Limited (IDC) that will see the former transferring its shares in Investrust Bank Plc and Mushe Milling Limited, it has been announced.
Zambia’s stock of Foreign Direct Investment (FDI) liability increased by 12,7 percent to US$20,9 billion in 2019 due to borrowings and higher equity capital flows as well as revaluation effects on reserves and loans especially in the mining and quarrying sector, a new report has revealed. Read more.
INTERNATIONAL Monetary Fund (IMF) says discussions for Zambia’s requests for an Extended Credit Facility (ECF) are underway after a notable progress was made in detailing the key policy measures to address the imbalances currently facing the southern African country. Read more.
Nearly 5 % of businesses reported to have permanently closed in Zambia since the onset of the COVID-19 pandemic in early 2020, a new World Bank survey has revealed. Read more.
December 3, 2021