Development Bank of Zambia (DBZ) and Zambia Development Agency (ZDA) have signed a memorandum of understanding (MoU) that will support growth of local enterprises and facilitate access of tailor made finance.
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Poultry products up 10% in Lusaka
POULTRY products in the capital city, Lusaka, have increased by an average of K10 and this has been attributed to the hike of inputs following the depreciation of the Kwacha. Currently, the Kwacha is trading in the range of K19.80 and K20.00 from around K13.70 and K14.40 at the start of the year. A check by the Business Mail in some supermarkets and townships on Thursday revealed that a chicken is fetching between K55 and K65 from K40 and K50.
Libya’s oil industry, all but shut down since January because of civil war, is reopening — in parts. The OPEC member’s state energy firm on Saturday announced it would start operations at ports and fields. The National Oil Corp said force majeure — a legal status protecting a party that can’t fulfill a contract for reasons beyond its control — would continue, however, for facilities controlled by foreign mercenaries and other fighters. Production in Libya, home to Africa’s largest oil reserves, plummeted to less than 100,000 barrels a day in January from 1.2 million after Khalifa Haftar, a Russian-backed commander who controls the country’s east, blockaded energy infrastructure.