Category: Business News

MUKANGA By GIDEON THOLE  – GOVERNMENT is yet to make a decision on calls by the Zambian mining industry for the removal of 10 per cent duty on copper concentrates to allow for the processing of the ore outside the country. MINES, Energy and Water Development Minister Yamfwa Mukanga said the Government had asked the […]

JANAKARAJ By MAIMBOLWA MULIKELELA – KONKOLA Copper Mines (KCM) PLC will invest KR1billion (US$200 million) in the Mimbula Open Pit Mine project, which is expected to generate 600 jobs for the local people. KCM chief executive officer Jeyakumar Janakaraj said the mining firm will invest the $200 million in the project to increase the mine’s […]

By JUDITH NAMUTOWE  – THE Tanzania-Zambia Railway Authority (TAZARA) has restored its container handling capacity at various stations in both Tanzania and Zambia. According to a TAZARA  Press statement released in Lusaka yesterday by head of public relations Conrad Simuchile, the company has restored its container handling capacity at Dar-es-Salaam, Makambako, Kasama and the New […]

By GIDEON THOLE  – SOUTH Africa will not abandon trading with Zambia as it seeks to enter into new business partnerships with China and  Brazil, High Commission Political Counsellor Patrick Jacobs has said. He said in Ndola that South Africa would strengthen and open up more opportunities for trading and investments in Zambia as well […]

MIZINGA MELU By MAIMBOLWA MULIKELELA  – THE small-scale business sector is to receive a boost from Standard Chatered Bank which has projected to inject a total of US$300 million to support the growth of Small and Medium Entrepreneurs (SMEs) in the country. Standard Chartered Bank managing director Mizinga Melu said the bank had targeted to […]

CHIKWANDA By KAIKO NAMUSA – GOVERNMENT will continue improving policy measures aimed at fostering growth and strengthening corporate governance, Finance Minister Alexander Chikwanda has said. Mr Chikwanda said maintaining a conducive environment that supported private sector led-growth, favourable to local and foreign investment was a priority to the Government. The minister said this in Solwezi […]

MASEBO By JUDITH NAMUTOWE  – THE tourism industry in Zambia has continued to show its resilience as an economic driver of the country, inspite of the many challenges the sector is faced with. It is an important sector in that it contributes significantly to job creation not only in Zambia but the region at large. […]