State, China sign $64m loan deal
THE CHINESE Government has given Zambia a total of US$64 million (about K366 million) for the implementation of various developmental programmes.
Of the total amount,...
Robust dollar, frail copper harm Kwacha
STRONG greenback demand, broad dollar strength and weak copper outlook are likely to put the local unit under pressure in the medium to short...
MoF releases K495.4M for developmental programmes
The Ministry of Finance has so far released K495.4 Million for various development programmes during the month of March, 2014 to step up infrastructure...
Zambia says to raise electricity prices for mines by 28.8 percent
(Reuters) - Zambia's energy regulator approved a 28.8 percent electricity price increase for mining companies in one of Africa's largest copper producers effective April...
Kwacha slides to K9.70
THE kwacha’s depreciation against major currencies has continued as demand for US dollars on the local market continues to outweigh supply, according to financial...
World Bank projects below 4% 2016 economic growth, as inflation soars to 19.5%
The World Bank has projected Zambia’s economic growth to fall below 4 percent in 2016 as a result of domestic and international pressures.
Speaking during...
KWACHA UNCHANGED AT K11 AMID SUBDUED ACTIVITY
WEDNESDAY’S trading session saw the Kwacha maintaining its previous day’s opening levels of K11.000 per dollar amidst subdued market activity.
Cavmont Bank Zambia daily market...
Mauritius exports to Zambia up 16 percent
Mauritius’s industry and commerce representative body, Enterprise Mauritius (EM), says the country’s annual exports to Zambia have increased 16 percent in 2013 compared to...
Inflation to drop to 8.7%
The Bank of Zambia has projected that inflation will drop to 8.7 percent before the end of the year.
He attributed the projected decline in...