Category: Business News
State to decide on 10 p.c concentrates tax request
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 […]
Continue ReadingKCM to create 600 jobs
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 […]
Continue ReadingTAZARA restores container handling capacity
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 […]
Continue Reading‘South Africa won’t abandon trade with Zambia’
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 […]
Continue ReadingStanchart to inject $300m in local SMEs
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 […]
Continue ReadingGovt ‘ll maintain good policies — Chikwanda
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 […]
Continue ReadingZambia’s tourism resilient
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. […]
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