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Economy

People’s Alliance for Change President, Andyford Banda says the Patriotic Front government has failed to diversify the country’s economy from its dependence on mining to the agriculture. Mr. Banda says the failure to diversify the economy to agriculture is largely because Zambians are not able to access land. Speaking at the launch of his party’s […]

According to a report published today, the Drug Enforcement Commission in the first quarter of 2021 seized US$150,900 in counterfeit notes. The Commission received a total of 29 reports involving over K19 million, over US$326,000 and 25,300 Pounds and secured one conviction in the cases under the Anti-money Laundering Investigations Unit. The report also indicates […]

Leader of the opposition Patriots for Economic Progress Party, Sean Tembo says Government’s continued attempt to get a bailout loan from the International Monetary Fund when the price of Copper price is at about 9,000 dollars per metric tonne, is evidence that the Patriotic Front have failed to run the country. Mr. Tembo says it […]

The Continental Leadership Research Institute says all political parties vying to form government should make debt management and the high inflation rate their number one priority. CLRI Executive Director, Paul Hakoola says political players in the country should address the current challenges the country is facing and that top of the list is the management […]

Zambia has officially requested a debt treatment under the Common Framework agreed by the Group of 20 major economies and the Paris Club in November last year. The newly adopted common framework for debt treatment beyond the G20 Debt Service Suspension Initiative is designed to facilitate timely and orderly debt treatment with broad creditor participation […]

The Ministry of Labour and Social Security has bemoaned the poor working conditions for most farm workers in Chongwe District. Speaking during an inspection tour of farms in Ngwerere area, Labour Minister, Joyce Simukoko observed with concern the failure by most employers to adhere to the country’s labour laws. Mrs Simukoko, who was in the […]

Vice President Wina this afternoon told Parliament that government has withdrawn Gazette notice number 1374 on the extension of the fishing ban from 31st March 2021 to 31st May 2021 in response to the negative feedback received from stakeholders Mrs Wina says the withdrawal will allow government to consult all stakeholders and sensitize fishing communities […]

The Zambia Revenue Authority has intercepted another 2 trucks carrying second-hand clothes worth over K1.4 million. The consignments were smuggled into Zambia using fake documentation. ZRA Corporate Communications Manager, Topsy Sikalinda said alert ZRA officers intercepted the consignments between Kapiri and Mkushi and during inspection of the trucks and their cargo, the drivers presented fake […]

Mines and Minerals Development Minister, Richard Musukwa says claims that Zambian cannot run mines are an insult on the intelligence of the Zambian people. Mr Musukwa says a lot of Zambian mining experts are running international mines and the time has come for them to utilise their expertise locally. Issuing a ministerial statement in Parliament […]

The Economics Association of Zambia has advised government to allow the private sector to take a lead in the procurement of fuel. Association President Lubinda Haabazoka says allowing the private sector to take a lead in the procurement of fuel is cardinal to the prevention of fuel shortages in the country. Dr Haabazoka has however […]