Thursday, November 28, 2024

Feature Economy

Reconsider 66% electricity tariff increase- Kawana

The Action National Group for Emerging Leaders (ANGEL) has called on the Zambian Government to be cautious with the way it handled the proposed...

Zambian Airways shareholders given 30 days to pay back K28bn

Development Bank of Zambia (DBZ) has given two institutional shareholders of Zambian Airways 30 days in which to pay K28 billion guaranteed for loans awarded to the airline, failure to which they will be taken to court. According to the latest issue of Executive Issues, the Post Newspaper and JCN, which is owned, by Mutembo and Nchima Nchito had failed to pay K14 billion each that they offered DBZ as guarantee for some of the airline’s loans. The Executive Issues states that DBZ has since given the Post Newspaper and another shareholder JCN, 30 days in which they should pay K14 billion each for guaranteeing the loans, which were given to the company before it suspended operations.

Zambia witnessing higher levels of personal loans

BANK of Zambia Governor, Caleb Fundanga, has warned insurance companies in Zambia to be cautious when underwriting bank loans in view of the anticipated...

Make Zamtel attractive before privatisation- Nkombo

Mazabuka central member of Parliament (MP) Garry Nkombo (UPND) has urged the Government to ensure that the money owed to Zambia Telecommunications Company (Zamtel)...

Zambia’s Education System – 44 years after independence

By Roger Chali Every child should have a chance to go to school (Gordon Brown, British Prime Minister). The future belongs to the nation...

Zambia opens first ever cell phone manufacturing company

A US$10 million mobile phone manufacturing plant, known as M-mobile Telecommunications Zambia limited (M-Tech), has officially opened in Lusaka. This is the first ever cellular...

Theres still hope for Zambian companies – LuSE

The Lusaka Stock Exchange (LuSE) says there is still hope for Zambian companies especially the Small and Medium Enterprises (SMEs) to raise funds on...

Finance minister explains Kwacha depreciation

MINISTER of Finance and National Planning Situmbeko Musokotwane has attributed the cumulative depreciation of the Kwacha by 73 per cent since June last year...