Fuel price hike sets tone for hard times, ZESCO begins power imports; see our top 10 stories of the week

In case you missed them, here are our top 10 stories of the week:

1. Fuel consumers will in the month of May be subjected to historical high fuel pump prices as Energy Regulations Board (ERB) hike the commodity as result of volatile Kwacha and raised international oil prices. Read more….

2. The Lusaka Securities Exchange (LuSE) has reportedly recorded a historical K100 billion barrier market capitalisation as at the close of the month of April, 2024. Read more….

3. ZESCO has started importing electricity to supplement the national power supply following the reduced generation due to poor hydrology. Read more…

Read more: Zambia begs for K23.5 billion humanitarian aid, $30.9 million dollars recovered from high profile cases; see our top 10 stories of the week

4. President Hakainde Hichilema says national resources were stolen through corruption under the past administrations because ‘big thieves’ lived in Lusaka. Read more…

5. Secretary-General of the United Party for National Development (UPND), Batuke Imenda, has advised former President Edgar Lungu to refrain from discussing President Hakainde Hichilema’s governance. Read more…

6. The State has appealed to the High Court against the acquittal of former Justice Minister, Given Lubinda, of charges of being in possession of tainted property. Read more….

7. Former president Edgar Lungu’s political advisor, Chris Zumani Zimba, and another litigant, alleged to have orchestrated the 2020 gassing incidences which sent the country into tumult, have filed a K234 million lawsuit against the State. Read more….

8. The Food Reserve Agency (FRA) has pledged to buy a 50 kilogramme bag of maize at K330 or K6,600 per metric tonne from farmers.Read more….

9. The Kwacha has continued to depreciate despite efforts by the Bank of Zambia (BoZ) to put in place measures to sustain its trading in the market against the United States dollar. Read more….

10. Copper Queens skipper, Barbra Banda, scored a brace and registered an assist as Orlando Pride continued with their 100 percent start to the Women’s Soccer League (WSL) season. Read more…

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