Amount equivalent to over two months of import cover. After recording a continuous decline in international reserves for about two year on the back of internal and external challenges, Zambia’s reserves have rebounded by U$49.6 million, the central bank has said.
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Enterprises need to reinveNt in post COVID-19
Auditing firm RSM Zambia says enterprises will need to reinvent to survive during the post coronavirus pandemic by focusing on local and regional markets to supply various goods and services.
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State to priotise projects of economic value
Minister of finance Ng’andu Bwalya says Government will prioritize the completion of projects of economic value in order to help the country’ economy back on track. Zambia’s economy, like many others around the world has been hit hard by coronavirus pandemic with its economic growth downgraded.
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INTERNATIONAL BUSINESS NEWS
MTN Names Mupita CEO Amid Revamp at African Wireless Carrier
MTN Group Ltd appointed Chief Financial Officer Ralph Mupita as chief executive officer, sticking with an internal candidate to replace the departing Rob Shuter as head of Africa’s biggest wireless carrier. Mupita, 48, will take over the role from Sept. 1, Johannesburg-based MTN said in a statement on Wednesday. Shuter will remain available until the end of his fixed-term contract early next year, when he leaves to join British operator BT Group Plc as head of the enterprise division.
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