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Tuesday, October 19, 2021

Business and Technology

ABSA Zambia expects BoZ Governor to be replaced

AbSA Zambia says it expects Bank of Zambia Governor Christopher Mvunga to be soon replaced by the incoming government. In a brief analysis, the bank says Mr Mvunga is expected to be replaced very soon. “The same is expected with other...

HH hold talks with USAID

President-elect Hakainde Hichilema conferred with the United States Agency for International Development (USAID) Administrator Samantha Power through a call yesterday. President-elect Hichilema said his administration will ensure to deliver to the Zambian people as promised. Mr. Hichilema expressed confidence that Zambia’s...

Zambia Eurobonds Surge After Hakainde Hichilema’s Landslide Win

Zambia’s Eurobonds gained the most in 14 months and the kwacha surged after opposition leader Hakainde Hichilema’s shock landslide victory in the nation’s presidential election. Hichilema beat incumbent President Edgar Lungu by almost 1 million votes and nearly 60% support,...

Zambia to receive $1.3 billion from IMF

The Zambian Government has said that it is pleased with the approval by the IMF Board of Directors of a general allocation of Special Drawing Rights (SDRs) equivalent to US$ 650 billion, for eligible member countries. In Zambia’s case, this...

Google co-founder granted New Zealand residency

Larry Page, Google's co-founder and one of the world's richest men, has been granted New Zealand residency under a category for wealthy investors. Applicants are required to invest at least NZ$10m ($7m, £5m) in New Zealand over three years. Mr Page...

ZAM certifies 44 companies with the ‘proudly Zambian logo’

Zambia Association of Manufactures (ZAM) Chief Executive Officer Florence Banda says the Association has vetted and certified 44 companies with the Proudly Zambian Logo since it was launched in 2018. She said in 2020 alone 17 companies were examined and...

Expect a major drop in mealie meal price

PATRIOTIC Front (PF) media director Antonio Mwanza says Zambians should expect a further reduction in the price of mealie meal over the next few days following the release of K3 million to the Zambia National Service for the purchase...

Former finance Minister Alexander Chikwanda explains Kwacha appreciation

THE Kwacha has continued to appreciate against major convertible currencies because the markets are expecting the Patriotic Front (PF) to continue in government after the August 12 general elections, former Finance Minister Alexander Chikwanda has said. Mr Chikwanda has dismissed...

Chileshe Kandeta: Kwacha Appreciation Consistent with the broad goals set out in the Economic Recovery Programme

The Ministry of Finance has indicated that the continued stability, and the recent appreciation of the Kwacha against the United States dollar to K21.39 as at 23rd July 2021 from K22.64 on 1st July 1, 2021, largely reflects changes...

Kwacha to keep gaining

The kwacha has been appreciating for four (4) straight days and now trading around K22.21 from K22.86 just last week. On Tuesday, the kwacha made a huge gain to trade at around K22.54 from K22.86, then K22.49 on Wednesday...
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UPND cadres ambush PF VP Given Lubinda’s entourage – Photos

PF vice president Given Lubinda’s entourage has been ambushed by UPND cadres who went on to smash his car...
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