Economy
Cross-border transactions get boost, as Afrexim’s PAPSS seals deal with 5 commercial banks
An agreement to revolutionise the settlement of cross-border transactions across African countries has been sealed between Pan-African Payment and Settlement System (PAPSS) and ...
Economy
Kitwe experiencing near standstill, as motorists reportedly embark on fruitless chase for petrol
Shortage of petrol has entered day seven in Kitwe and the surrounding areas with motorists making fruitless chase for the commodity. A check ...
Economy
Developing Story: Filling stations in Lusaka reportedly running out of fuel
Some filling stations in Lusaka are reportedly running out of fuel, leading to speculations on whether the Oil Marketing Companies (OMCs) are withholding ...
Economy
Policy group projects rise in volume of foreign investments following Zambia’s debt restructuring deal
The Policy Monitoring Research Centre (PMRC) has projected a rise in the volume of international investments in the country following Zambia’s completion of ...
Economy
Govt integrates moveable property registry to allow businesses use vehicles as collaterals
The movable property registry and the motor registration systems have been integrated to facilitate easier access to asset-backed credit by consumers, especially the ...
Economy
Management orders shutdown of Nchanga Smelter to contain molten metal leak, lives saved
Konkola Copper Mines has announced that the Nchanga Smelter, which is operated by its subsidiary, KCM SmelterCo Limited has been shut down to ...
Economy
Zambia to pay creditors only $750m over 10 years under debt restructuring deal —Finance Minister tells Parliament
Situmbeko Musokotwane, Finance and National Planning Minister, says US$5.8 billion in debt service savings will be generated following the debt restructuring deal with ...
Economy
Mopani mine needs US$1billion recapitalisation as chase for investors progresses, says Vibetti
ZCCM-Investment Holding Chief Executive Officer, Ndoba Vibetti, has said Mopani Copper Mine (MCM) requires US$1 billion funding to meet a five-year capital requirements. ...
Economy
Mining body applauds restructured $6.3 billion debt, says it will create access to cheaper capital
The Zambia Chamber of Mines (ZCM) president, Godwin Beene, says local businesses will now have access to a fairly priced capital, owing to ...
Economy
ZiCA upbeat about Zambia’s prospects following debt restructuring deal
Zambia is poised to be in a stronger position to support its economic growth as it is now credit worthy and a more ...