ZAM appoints new CEO
Zambia Association of Manufacturers – ZAM has appointed a new Chief Executive Officer (CEO) Florence Muleya to take over over from Chipego Zulu who is currently the Associations Vice President (South). Muleya previously worked as a Researcher and Manager at the Zambia Institute for Policy Analysis and Research (ZIPAR), an […]
Kabwe Chamber Celebrate Business Community
Kabwe Chamber of Commerce and Industry President, Christabel Ngongola said the chamber is pleased with the partnership that exists with the provincial administration and the local authority. Ms. Ngongola said there is need to enhance the partnership in order to cut on the existing bureaucracies that imminently inhibit progression of […]
Nkhuwa contradicted himself on SI 57 – Kitwe Chamber
ENERGY Minister Mathew Nkhuwa contradicted himself when he said that all electricity transmission and distribution infrastructure in the country is Common Carrier after issuing Statutory Instrument Number 57 (SI 57) because he specifically targeted CEC, says the Kitwe Chamber of Commerce and Industry. And the Chamber has insisted that government […]
MCTI launches Business Survey Report
The Ministry of Commerce Trade and Industry with support from the United Nations Development Programme (UNDP) conducted this business survey in order to assess the impact of the Covid-19 pandemic on various enterprises in Zambia, including large, medium, small and micro enterprises (MSMEs) and cooperatives. It proposes recommendations on relevant […]
Zambian fintech startup receives $1-million investment
Lupiya, a Zambian based microfinance startup has received an investment of $1-million from Enygma Ventures, a US venture capital (VC) fund.
Zambia sells $286mln pandemic bonds in local debt restructure
Zambia, sold K5.2bln ($286mln equivalent) worth of pandemic bonds on Friday 26 June. Proceeds will be used to dismantle part of the outstanding arrears to retirees, suppliers and contractors. Earlier in the week begining 22 June, Zambian authorities approved an K8bln stimulus package to be administered through issuance of COVID19 […]
Zambia Inflation Slows For the First Time in 15 Months
Zambia Statistics Agency have confirmed that Zambian inflation slowed for the first time in 15 months in June as the kwacha pared some earlier losses. Consumer prices increased 15.9% from a year earlier, compared to 16.6% in May, Mulenga Musepa, the interim statistician general at the Zambia Statistics Agency, told […]
IMF Bail out discussions with Zambia Begin
Zambia has finally commenced bailout package discussion with the International Monetary Fund – IMF. Zambia and the Washington based lender commenced consultative virtual meetings on the 22 June running to 01 July 2020. Zambia’s MinFin is led by Dr. Bwalya Ng’andu while the IMF mission team was led by Dhaneshwar […]
Zambia to issue $432mln worth of COVID bonds for economic stimulus
At yesterday’s cabinet meeting held at Mulungushi International Conference Centre, Cabinet approved in principle the establishment of a K8 billion economic stimulus package that will be financed through the issuance of the COVID-19 Bond. Cabinet sources say the allocation will go towards payment to retirees, contractors and suppliers. Cabinet resolved […]
NATIONAL TRANSPORT GUIDELINES FOR TRANSPORTERS – COVID-19 PANDEMIC
The outbreak of the coronavirus in December 2019 was declared in Wuhan City, Hubei Province, China. The coronavirus disease 2019 (COVID-19) has highlighted the challenge of protecting the health of the population whilst avoiding disruptions to the movement of goods, passengers and essential services across the country. The World Health […]