Business and Technology

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...

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’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,...

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...

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...

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...

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...

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...

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...

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...