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Kwacha loses more than 2% on Wednesday

The kwacha lost more than 2 percent on Wednesday, weakened by thin dollar inflows. The local currency retreated to K7,37.00 per dollar from an opening level of K7.21.00. BancABC Head…

Cement Prices To Come Down, Dangote To Begin Production, Large Plans On New Plan

Lafarge Zambia Plc will begin work on a 200 million-euro ($217 million) cement plant this year even as Africa’s richest man, Aliko Dangote, starts up his own factory in the…

Zanaco Has Recorded Revenue Growth- Dick

Zanaco Managing Director Bruce Dick says the bank last year recorded a net profit of 1-hundred and 43 million kwacha which is lower than anticipated. Speaking during a media briefing…

Weak Kwacha Will Hit Us Hard – Farmers

TOBACCO farmers in Eastern Province are worried that the weak kwacha will adversely affect crop production in the country. The farmers said the continued depreciation of the kwacha against the…

Zambia’s GDP to grow by 7pc in 2015

Zambia’s Gross Domestic Product (GDP) is expected to grow by 7.4 per cent this year and the country has been noted to be one of the fastest growing economies in…

ZESCO TO Lose $480 Million Annually

ZESCO Limited is expected to lose about US$480 million annually through buying electricity from independent power producers (IPPs). This is much higher than the price at which the power utility…

Cement Prices Likely To Drop

THE price of cement is likely to reduce significantly on the Copperbelt following the expansion project that Lafarge Cement Zambia has embarked on in Ndola. The firm intends to spend…

Zambia Might Lose Out on Mining Investments Over New Tax

SNL Metals and Mining, a global mining information and analysis company says Zambia might regret implementing the new mineral royalty tax regime. SNL Metals and Mining resources policy analysts Asa…

Beer Price Drops To K6

ZAMBIAN Breweries Plc has slashed beer prices by 8.6 per cent on regular glass bottles of Mosi, Castle and Carling Black Label. The reduction in the recommended retail price would…

Proflight Cuts Fares On Removal Of Jet Fuel Duty

January 19, 2015 – LUSAKA, ZAMBIA – Proflight Zambia has welcomed the removal of 5 per cent customs duty on aviation fuel and passed this on to passengers by cutting…

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