Monday, April 28, 2025

Economy

Government hopes to strengthen Kwacha to 1964 levels-Sichinga

GOVERNMENT says it will proceed with plans to rebase the local currency to strengthen the value to 1964 levels despite calls by some quarters...

Number of foreigners lending money to Government now lowest since 2005

Reuters report that foreign holdings of Zambian debt have fallen to their lowest since 2005, reflecting uncertainty over the direction of policy following elections...

15 firms keen on $700m Eurobond

FIFTEEN potential book runners and five legal advisors have expressed interest in Zambia’s debut Eurobond of as much as US$700 million. The Zambia Public...

PF on the right economic footing, no major shift in policy after change of Government-Prof Saasa

PROMINENT economist Oliver Saasa has said the Patriotic Front (PF) is on the right economic footing as evidenced by the increase in...

Standards & Poor affirms Zambia’s B+ rating and keeps economic outlook at stable

Ratings agency Standard & Poor's on Friday maintained Zambia's B+ rating, saying that recent policy changes overall support economic growth. The agency also kept...

Bank of Zambia sets benchmark interest rate at 9%

Bank of Zambia yesterday rolled out a monetary policy framework to replace money-supply targeting, setting the inaugural benchmark interest rate at 9 percent, which...

Inflation up to 6.4%

Reuters reports that Zambia's inflation quickened year-on-year in March, pushed up by higher food prices, while the economy grew slightly more in 2011 than...

President Michael Sata concludes his investment promotion engagements in India

President Michael Sata has today concluded his investment promotion engagements in India.This is according to a press statement made available to the media by...