Proflight Promotes Domestic Tourism With Dstv Family Competition

Proflight Promotes Domestic Tourism With Dstv Family Competition

Lusaka, Zambia – Proflight Zambia has partnered with Multichoice DSTV in a competition in which five families stand the chance to win flights to Livingstone this April. The airline is sponsoring a total of 25 discounted tickets to the tourism capital in the competition, which runs from January 20 to March 31, 2017. “Proflight recognises […]

EU, French Firm Take Kariba Dam Plunge

EU, French Firm Take Kariba Dam Plunge

A DEAL for the rehabilitation of the Kariba Dam Plunge Pool has been sealed following the signing of a K530 million contract between the European Union (EU) and the French contractor, Razel-BEC. Meanwhile, Finance Minister Felix Mutati took advantage of the ceremony to implore cooperating partners to extend the gesture of funding the Kariba Dam […]

Kwacha In Slight Gain

Kwacha In Slight Gain

MARKET experts say the local currency still remains in a positive territory following a depreciation seen at the opening of trading last week. According to Cavmont Bank’s treasury market update, the kwacha gained slightly at the close of trading last Friday after breaking the K10 psychological barrier to trade around K10.20 per US dollar. “Friday […]

Zambia Has Capacity To Export 2 Million Goats Monthly To Saudi Arabia

WE have the capacity as a country to supply the one million goats monthly which Saudi Arabia has requested, says Small Livestock Association of Zambia vice chairman Trust Chasha. In an interview in Lusaka yesterday, Mr Chasha expressed confidence that farmers were capable of meeting the Saudi demand for goats and urged the Government to […]

Kwacha Holds Firmly Against The Dollar

Kwacha Holds Firmly Against The Dollar

The kwacha has continued to perform positively this week against the US Dollar, following increased support from sellers and exporters. According to Cavmont Bank Zambia daily market report, the local unit was quoted at K9.650/K9.700 in early trade. By noon, the currency had appreciated to K9.55o/K9.600. The Kwacha’s recent performance is in contrast to other emerging […]

BoZ Closes 3 Micro Finance institutions

THE Bank of Zambia (BoZ) has closed and placed two micro finance institutions (MFIs) under compulsory liquidation due to insolvency. This entails that an organisation, or individual, can no longer meet its financial obligations with its lender or lenders as debts become due. BoZ named Commercial Leasing Zambia Limited and Genesis Finance Limited into compulsory […]

Kwacha Continues To Gain

Kwacha Continues To Gain

The Kwacha has continued on the positive bend which begun in last week’s trade. The local currency has opened the week trading between 9.85 and 9.90. According to the ZANACO Bank Daily Treasury update, the gain has been prompted by the interbank dollar trade and the tight kwacha liquidity in the markets. The bank further […]

Dodia Optimistic of Kwacha Rebound

Dodia Optimistic of Kwacha Rebound

Lusaka based Economist Yusuf Dodia is optimistic that the country will overcome its current economic challenges. Mr. Dodia says that the situation in Zambia is not as bad as the media is reporting. He says he is hopeful that the performance of the Kwacha on the international market is likely to improve even more in […]

AB Bank Zambia Hits K. 100 Million Milestone!

With Zambia’s economy trembling, the country’s population continues to look for financial security. Through all this, AB Bank Zambia has managed to achieve very ambitious but attainable milestones, for example hitting K. 100 Million in credit portfolios. Armando Sirolla, the Banks CEO said this achievement show cases the exceptional and quality performance of the bank in […]

Zambia Imports 100MW From Docked Turkish Ship

Zambia Imports 100MW From Docked Turkish Ship

ZAMBIA has started importing 100 megawatts (MW) of power on a daily basis from a ship docked in Nacala, Mozambique, which was commissioned in February, says Zesco acting managing director Fidelis Mubiana. Mr Mubiana said in an interview that Zambia had for the last two months been importing power from the docked ship inaugurated in […]

1 2 3 20