BUSINESS

Minister of Commerce, Trade and Industry Chipoka Mulenga says all is set for the hosting of this year’s 56th Zambia International Trade Fair (ZITF) slated for 29th June to 5th July, 2022 in Ndola. Mr. Mulenga says as at 8th June, 2022, the ZITF confirmed participation of 92 foreign companies from 13 countries, while local participation stands at 600 exhibitors ...

Economist Trevor Hambayi has expressed confidence that the International Monetary Fund (IMF) deal will soon be finalized. Mr. Hambayi notes that the IMF has been very positive from the time the new administration restarted negotiations for a credit facility and that the prospects of Zambia getting the IMF program are higher. He however, states that the deal is likely to ...

Mines and Minerals Development Minister Paul Kabuswe has disclosed that the report on the cleaning up of the cadastre system is ready and that the findings are saddening. Mr Kabuswe says the results of the cleanup process will soon be made known to the public to help appreciate what was happening and the next steps to be taken. And the ...

Former Agriculture Minister Bob Sichinga says the K160 Maize price government through the Food Reserve Agency (FRA) has set for a 50 kilogram bag is not attractive. Mr. Sichinga says the country suffered from adverse weather patterns with some parts receiving rains late resulting in reduced production. He says based on the estimated production the country will record, a much ...

Economist Kelvin Chisanga has observed that the delayed International Monetary Fund-IMF credit facility could jeopardize the implementation of the 2022 national budget as well the formulation of the 2023 budget. Mr Chisanga has since advised the government to look for alternative funding other than depending on the IMF programme. He has stressed the need to develop home grown solutions that ...

Minister of Mines and Minerals Development Paul Kabuswe has disclosed that his ministry has concluded provincial consultations on the review of the Mines and Minerals Development Policy. Mr. Kabuswe tells Q-News that the ministry is now in the process of consolidating the provincial submissions. He says the ministry opted to take the consultative approach in order to come up with an ...

Felix Mutati Government says it has set a target of four weeks in which it intends to eliminate what is now becoming ‘an industry’ taking advantage of systems in order to leak revenue, thereby depriving it of the much needed resources. Technology and Science Minister Felix Mutati says government is resolved to seal all manner of revenue leakages through integration ...

Vedanta Resources has pledged to aggressively run Konkola Copper Mine (KCM) to contribute to the target of 3 million metric tons of Copper production in the next ten years set by the New Dawn Government. Company Director for Corporate Affairs and Communication Masuzyo Ndhlovu says the company stands ready to support Government and the people of Zambia in providing different ...

Finance and National Planning Minister Situmbeko Musokotwane says the country will not be able to get on the 1.3 Billion United States Dollars International Monetary Fund (IMF) program by the end of June 2022 as initially anticipated. And Dr. Musokotwane says Zambia has been invited to participate in the Creditors Meeting which has been organized by the Paris Club this ...

Chongwe Mayor Christopher Habeenzu has discouraged Chongwe residents from obtaining state land illegally, but instead follow the lawful procedures of land acquisition and ownership. Mr. Habeenzu says disadvantaging and infringing on other people’s rights for selfish gain is against the law, hence assuring his commitment to curb such vices. He has since stressed the need for office bearers in Chongwe ...