Feature Economy

The Zambia Electricity Supply Corporation (ZESCO) has urged Zambians not to consider the proposed hike in electricity tariffs as a move meant to financially...

The Lusaka -Chirundu Road has been damaged on the Kapilingozi stretch, about 100 Kilometres from Lusaka. Rain water from nearby mountains and rockfalls have contributed to the damage to the road. The incident follows recent repairs by China Heinan which was recently contracted to reconstruct the stretch of the road at Kapilingozi to improve safety. Motorists have blamed the damage on poor workmanship by the Chinese company. Road Development Agency, RDA, Head of Public Relations, Loyce Saili, says the damage is serious.

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

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.

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

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

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

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...