HEADLINES

The Civil Society for Poverty Reduction (CSPR) has called on government and implementing agencies to ensure that the austerity measures announced by President Lungu on Thursday are actualized. And the organization has called on government to contain foreign borrowing to reduce on the cost of repayments while also reducing domestic borrowing to free some funds for private sector lending and ...

The Economics Association of Zambia (EAZ) has observed that it is too early for austerity measures announced by President Edgar Lungu to have a positive bearing on the Kwacha. EAZ President Crispin Mphuka says President Lungu has only signaled that there is commitment from the highest office to curb the budget deficit. Dr. Mphuka notes that this could steer some ...

President Edgar Lungu has implored officers in the defence and security wings to desist from corrupt practices. Speaking when he officiated at the graduation ceremony of the 18th Command staff course in Lusaka today, President Lungu urged the officers to be vigilant and see themselves as part of the solution to the challenge of corruption. He says his Government has ...

The Kwacha has hit a two month high following President Edgar Lungu’s announcement of austerity measures aimed at bridging the growing budget deficit. The kwacha has today so far gained about 6.62 percent to K10.16 ngwee per dollar, its strongest position since September. According to the commercial banks exchange rates posted on the Bank of Zambia website today monitored by ...

President Edgar Lungu says the ruling Patriotic Front has a winning formula for the 2016 general election. He says the economic challenges facing the country will not stop the ruling party from winning the 2016 election. President Lungu is confident that the ruling party will win the elections with a bigger majority. Speaking during a press conference yesterday, Mr. Lungu ...

President Edgar Lungu has announced wide ranging austerity measures in a bid to reduce the cost of running government. He says the measures are necessary in view of the current budgetary pressures and in order to bring the country back on the path of economic stability. Speaking during his first press conference since assuming office in Lusaka this afternoon, President ...

The World Bank has projected Zambia’s economic growth to fall below 4 percent in 2016 as a result of domestic and international pressures. Speaking during a media breakfast in Lusaka today, new World Bank country Manager Ina-Marlene Ruthewburg notes that Zambia’s economy has come under significant strain as a result of both external factors and domestic pressures. She has however, ...

President Edgar Lungu is today 12:00 hours expected to hold his first Press Conference nine months since being elected President. The press conference by the Head of State comes at a time when the country is facing serious economic challenges which have been compounded by the fall in copper prices on the international market, the country’s major foreign exchange earner, ...

UPND Leader Hakainde Hichilema says his Members of Parliament will go with the position of the Grand Coalition with regards the Constitution Bill which comes up for second reading in Parliament today. Mr. Hichilema says the UPND cannot support a process it knows will deliver piece meal amendments when what the people of Zambia want is a whole new constitution ...

SPEAKER of the National Assembly Patrick Matibini says it’s criminal for any Member of Parliament to merely register their presence in the house yet abscond from parliamentary proceedings. Ruling on a point of order raised by Local Government and Housing Minister Steven Kampyongo last week on whether UPND Members of Parliament were in order to merely register their presence in ...