BUSINESS

ABSA Bank Zambia Plc Chief Executive Officer, Muzinga Melu says digital innovation and creativity is the way to go in the banking industry. Speaking to Q-news, Ms. Melu stresses that the digitally led agenda reduces the cost of doing business, stating that banks do not have to heavily invest in brick and mortar in order to reach a wider cliental ...

The Poultry Association of Zambia (PAZ) has attributed price reduction of broiler chickens on the Zambian market to the increase in poultry farmers in the country. Speaking in an interview with Q-News, PAZ Executive Manager, Dominic Chanda notes that the increasing number of poultry farmers has resulted in supply outstripping demand, thereby resulting in chicken price reduction. He adds that due ...

The Energy Regulation Board (ERB) says fuel pump prices would have further gone up had government not intervened by forgoing certain taxes as a way to cushion consumers. ERB Acting Director Consumer and Public Affairs, Nasima Shaikh tells Q-News that government weaved the 25% import duty and value added tax vat on imported fuel by oil marketing companies OMCs, adding ...

Opposition Patriotic Front (PF) Feira Member Of Parliament Emmanuel Tembo has welcomed the decision by government to allow mining operations to continue in the lower Zambezi National Park. Mr. Tembo has cited the potential economic benefits that the mining operations will spur in the area which has lagged behind in development for a very long time. Speaking in a press ...

People’s Alliance for Change President Andyford Banda has condemned in the strongest terms the decision by The New Dawn Administration to allow for the continued export of maize despite the anticipated poor harvest in the country. Mr. Banda tells Q-News that the current complacency being exhibited by government might result in the country facing a serious food crisis this year. ...

Energy Regulation Board (ERB) Acting Director General Fred Hang’andu says the board is currently examining the liquefied petroleum gas plant in Lusaka’s Shantumbu area which is using rubber and plastic to make clean energy gas. According to central African Renewable Energy Corporation Limited Director Mulenga Mulenga, the mini-plant is able to produce 700 liters of liquefied petroleum gas (LPG) which ...

An agriculture expert has urged government to urgently pay farmers who supplied maize to the food reserve agency (FRA) and not wait for 3rd January, 2022 as announced by Agriculture Minister Mtolo Phiri recently. Speaking in a telephone interview with q-news, Dr. Phiri notes that farmers who sold their grain to FRA during the 2020/2021 marketing season were supposed to ...

Finance and National Planning Minister Situmbeko Musokotwane has asked Zambia’s bilateral creditors to as soon as possible form a Creditor Committee that will formally evaluate the country’s debt treatment request with the objective of providing financing assurances to the IMF Board of Directors as soon as practicable. Speaking during a recent virtual gathering of bilateral creditors, Dr Musokotwane stressed the ...

The Energy Regulation Board ERB has adjusted the fuel wholesale and pump prices upwards for petroleum products effective 24 hours tonight. Speaking during a press briefing, ERB Board Chairperson Reynolds Bowa has disclosed that the price for petrol has been adjusted from K17.62 to K21.16 with absolute variance of K3.54, Diesel prices have been increased from 15.59 to 20.15 with ...

Mahogany Air has added a new plane to its fleet with an investment of over US$5 million. The acquisition of the Embraer 120 plane brings the number of the airline’s planes to three. Speaking when he received the plane at Kenneth Kaunda International Airport, Mahogany air Chief Executive Officer Jim Belemu says the new aircraft will help in servicing the ...