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South African Rand, Zambian Kwacha Fall To All Time Low-BBC

South Africa’s currency has fallen to an all-time low against the US dollar. It briefly hit a rate of 14 to the dollar amid concerns about the strength of the…

Proflight And Mtn Mobile Money Paint The Sky “Yello”

LUSAKA, ZAMBIA – Proflight Zambia has teamed up with MTN Mobile Money to offer customers an additional payment solution when buying tickets. The service enables customers with an MTN Mobile…

Zambian Kwacha Gains Most in Three Months as Dollar Supply Rises

Zambia’s kwacha advanced by the most in three months against the dollar because of sustained inflows of the greenback, according to Zambia National Commercial Bank Plc. The currency of Africa’s…

Stanchart Named Best Bank In Zambia

STANDARD Chartered Bank Zambia has been named the best bank in Zambia by Euromoney Awards for Excellence. This is the fifth consecutive year that Standard Chartered has won this competitive…

Fuel Prices Increased

The Energy Regulation Board -ERB- has increased the pump price of petroleum products effective midnight Monday. Petrol has been increased by K1.13n and diesel by K1 while Kerosene has been…

Lafarge Launches Solwezi Depot

By Gift Danga Lafarge Zambia has launched a depot in Solwezi  to provide convenience of purchase for resellers and end users in North Western Province. The launch was officiated by…

Zambeef Commissions Oil Plant

RYNESS MBALE, Lusaka ZAMPALM, a subsidiary of Zambeef Products, has commissioned a US$1 million crushing and processing plant in Mpika which will reduce the country’s dependence on imported edible oil.…

Mopani Pays $850m Tax

HONE SIAME, Kitwe MOPANI Copper Mines (MCM) has paid over US$850 million in taxes to Government from 2007 to date. MCM corporate affairs manager Cephas Sinyangwe said in an interview…

Mazabuka Nickel Mine To Re-open

  Plinian Capital, founded by former Lonmin Plc Chief Executive Officer Brad Mills, plans to raise $40 million from private equity funds to restart a Zambian nickel mine where operations…

Kwacha Regains Value Rapidly, Goes To K6.9 Per US Dollar

Currency extends gains for third day, and advances as much as 2.1% vs dlr to 6.9672/$, trades 0.7% firmer at 7.0573 as of 9:24am in capital, Lusaka. The Kwacha is…

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