Zambia faces a “key challenge” funding the growing budget deficit confronting Africa’s second-largest copper producer, the International Monetary Fund said.…
Read More
Kwacha signals recovery as copper price slumps
THE Kwacha is this week expected to be stable against the United States (US) dollar as corporates convert to meet…
Read MoreKwacha slides to K9.70
THE kwacha’s depreciation against major currencies has continued as demand for US dollars on the local market continues to outweigh…
Read More
Inflation drops to 21.8%
ZAMBIA’S inflation rate marginally dropped to 21.8 per cent in April from 22.2 per cent last month, mainly driven by…
Read More
Atlas Mara is trying to acquire Barclays Africa
Atlas Mara, an investment vehicle founded by ex-Barclays boss Bob Diamond, has confirmed that it is exploring a bid for…
Read More
Zambians should own Banks, foreign banks take money out of Zambia – Chikwanda
GOVERNMENT has urged business firms to re-invest their earnings locally in order to improve economic activity. Finance Minister Alexander Chikwanda…
Read MoreKwacha holds despite pressure
The Kwacha has held on to trading within a single digit on the interbank market despite being pressured by increased…
Read More
Kwacha gain not reciprocated
Zambia Republican Party President Wright Musoma has urged business houses to reduce the prices of commodities following the appreciation of…
Read More
Government in K1.25bn deficit
GOVERNMENT last month recorded a deficit of over K1 billion, money meant for financing developmental projects, among other commitments. Ministry…
Read More
