TAZARA seals $12m locomotive deal
TANZANIA-Zambia Railway Authority (TAZARA) has sealed a contract with the Chinese Civil Engineering and Construction Company (CCECC), for the manufacture and supply of four...
Kwacha appreciation temporary – Hamaundu
THE kwacha’s appreciation against major convertible currencies is temporary because the Bank of Zambia does not have an endless supply of foreign exchange reserves,...
Apple agrees to buy headphone maker Beats for $3bn
Apple has confirmed it will buy headphone maker and music-streaming service provider Beats Electronics.
The deal is worth a total of $3bn (£1.8bn), and is...
Fitch gives Zambia positive economic outlook – Shanghai Daily
International rating agency Fitch has revised Zambia's economic outlook from stable to positive but warned that the deficit may be affected by over-expenditure, a...
Anglo-America explores Chavuma mineral potential
ANGLO-American Corporation is eyeing Chavuma District in North-Western Province for mining exploration.
Chavuma District Commissioner Lawrence Kayumba said Anglo-America was seriously considering investing in mining...
Mopani continues to boost economic growth
FROM the time Mopani Copper Mines (MCM) took over Nkana and Mufulira mines in the year 2000, many significant positive changes have taken place...
Zambian Kwacha dents Botswana’s Cresta Marakanelo Limited profits
Foreign exchange loss between the Zambian Kwacha and Pula as well as stiff competition are said to have dented Cresta Marakanelo Limited current earnings...
Retail industry in Africa offers huge potential, says DHL
Retail expansion is key to DHL Express' Africa business strategy. This is according to Sumesh Rahavendra, Head of Marketing for DHL Express, Sub Saharan...
Kabwe Mine to re-open with US$300 million investment
BERKELEY Mineral Resources (BMR), through its Zambian subsidiary Enviro Processing Limited (EPL), is geared to reopen Kabwe Mine and is expected to initially invest...