Kwacha To Remain Stable

The Kwacha is likely to remain stable in the first trading week of 2016. Zambia National Commercial Bank-ZANACO says the local currency is likely to face mild depreciation as market activities resume. Monday the local unit is expected to trade between 10-kwacha 95 ngwee and 11-kwacha 15 ngwee. This is contained in a daily treasury […]

LWSC Reduces Production By 25%

The Lusaka Water and Sewerage Company says it has reduced its water production by 25% due to load shedding. Company Managing Director George Ndongwe says water production for Lusaka City reduced from an average of 258,000 cubic meters per day in 2015 to about 200, 000 cubic meters per day in 2015. Mr. Ndongwe says […]

Output In Manufacturing Reduces By Between 40% & 70%

The Zambia Association of Manufacturers (ZAM) says output in the manufacturing industry has in the last six months reduced by between 40% and 70% due to load shedding. ZAM Chief Executive Officer Maybin Nsupila says production by manufacturing companies is now between 30% and 60%. He says the loss in production hours has mainly been […]

Ban On Edible Oil Lifted

Government has lifted the ban on importation of edible oils. Agriculture Minister Given Lubinda says the move has been taken in order to allow limited importation of edible oils to create competition on the local market. Mr Lubinda  says following the ban on edible oils, some local oil processors increased the prices of the product. […]

$122m Deal done for Mfuwe airport

NANCY MWAPE, Livingstone GOVERNMENT has awarded a US$122 million tender to China National Complete Engineering Corporation for the construction of Mfuwe International Airport. Zambia Airports Corporation Limited (ZACL) managing director Robinson Misitala said the project will be completed in two years. Negotiations on the scope of work and conceptual design are underway. Mr Misitala said […]

Sylva Foods Opens $150,000 Plant

RYNESS MBALE, Lusaka SYLVA Food Solution Limited has commissioned a processing plant at a cost of over US$150,000 to scale-up their production and farmer outreach capacities. The plant, which has corn puff, porridge, tea bag and soup processing lines, was jointly financed by Sylva Food Solutions Limited and Musika with funding from the Swedish government […]

Emirates Reduces Passenger Fares

EMIRATE Airlines has reduced fares by 15 percent for passengers from Zambia, who will travel in economy class to selected destinations around the world between now and December 2015. The selected destinations which will enjoy special fares will include Dubai, Harare, Rome and Paris. Emirates Zambia manager Khalid Al Zarouni said customers should buy their […]

South Africa Grants Zambia Permit To Export Pure Honey

PRETORIA – 27TH SEPTEMBER, 2015 – SOUTH Africa has granted Zambia, access to its pure honey market following what it terms as Zambia’s compliance to South Africa’s sanitary import requirements. According to correspondence dated 25th September, 2015 from South Africa’s Department of Agriculture, Forestry and Fisheries, Zambia will now be able to export its pure […]

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