Investrust clients told to be calm
KABANDA CHULU, MARY LEMBA Lusaka, Ndola MINISTER of Finance and National Planning Situmbeko Musokotwane says customers of Investrust Bank Plc should not panic because Bank of Zambia (BoZ) has assured…
4-hourly load-shedding better for small businesses – Chikwanda
DOREEN NAWA Lusaka ENERGY expert Johnstone Chikwanda says the revised load-shedding schedule announced by Zesco will reduce business operational costs, inconveniences and also help to alleviate the security exposure. Speaking…
FNB to build head office
NKOMBO KACHEMBA Lusaka FIRST National Bank (FNB) Zambia has announced that it has acquired land for the construction of its new head office in Lusaka. FNB, which started operating in…
BoZ takes over Investrust
LOGIC LUKWANDA Lusaka BANK of Zambia (BoZ) has with immediate effect taken possession of Investrust Bank Plc owing to its inadequate capital. The takeover was announced in a notice yesterday…
Capture fish production grows 22% reaching 101,825 metric tonnes
DOREEN NAWA Lusaka ZAMBIA’S capture fish production has grown by 22 percent, reaching 101,825 metric tons (mt) last year, up from 83,719mt in 2015, an aquaculture expert, Stephen Tembo, has…
Mopani revival bears fruits
NKOMBO KACHEMBA Lusaka MOPANI Copper Mines (MCM) has started registering suppliers and contractors of goods and services on its database, signalling the revamping of the mine’s business segment. Last week,…
Shoprite buying more local goods
MELODY MUPETA Kitwe SHOPRITE Zambia says it is currently supporting 350 local enterprises that are supplying various products in its chain stores. Company general manager Charles Bota said the companies…
REA, 8 West local authorities sign CDF projects
JUSTINAH MUKUKA Lusaka RURAL Electrification Authority (REA) has signed memorandums of understanding (MoUs) with eight local authorities in Western Province for power projects under Constituency Development Fund (CDF). The councils…
NAPSA signs $300m financing deal for Lusaka-Ndola road
LOGIC LUKWANDA Lusaka NATIONAL Pension Scheme Authority (NAPSA) has signed the $300 million funding and investment agreement for the rehabilitation and upgrade of the US$650 million 372-kilometre Lusaka-Ndola road to…
Zambia seeks ‘headroom’ in debt restructuring to grow economy
NEW YORK/LUSAKA - Zambia is working to finalise a long-delayed debt restructuring that would give it “headroom” to attract investment and jump-start economic growth, a senior government official said. Negotiations…
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