Mahtani, Sunbird Partner

Mahtani, Sunbird Partner

Mahtani Group of Companies has partnered with Sunbird Bio-energy Africa to invest 2-hundred and 50-million dollars in a bio-ethanol plant in Kawambwa District – Luapula Province. Mahtani Group of Companies Chairperson Rajan Mahtani says the plant will be the first ever in the country and will create a combined 32-megawatt power plant and 120 million […]

ZRA anticipates K2.5bn From Frozen Accounts

ZRA anticipates K2.5bn From Frozen Accounts

ZAMBIA Revenue Authority (ZRA) expects to raise K2.5 billion by December from freezing accounts of businesses that have abrogated their pay agreements. The exercise will be extended to business entities that have not entered into payment plans with the authority to settle tax arrears. Last week, ZRA started issuing warrants of distress and garnishee orders […]

$12Bn Dangote Oil Refinery To Open In 2019

$12Bn Dangote Oil Refinery To Open In 2019

THE $12 billion Dangote Oil Refinery which will be the largest in the world slated for Lagos will be in full operation in 2019 and is expected to produce 650, 000 barrel of oil per day. The oil plant will also have the largest sub-sea pipeline infrastructure in the world with the capacity to handle […]

Lafarge Zambia In K127 Million Profit

Lafarge Zambia In K127 Million Profit

  Lafarge Zambia has recorded K889 million revenues and a profit after tax of K77 Million for 2016 on the back of competitive pressure, a prolonged tight liquidity on the money market, coupled with high interest rates. This restricted expenditure resulting in the domestic market contracting by about 21% compared to 2015. The Company’s sales […]

Zambian Breweries Reduces Price Of Mosi And Castle

Zambian Breweries Reduces Price Of Mosi And Castle

ZAMBIAN Breweries has reduced the price of its Mosi and Castle lager amid growing confidence in economic stability. The recommended retail price of a 375ml bottle of both lagers is now K7, reduced from K7.50. Zambian Breweries Country Director Annabelle Degroot said the cut in price of the nation’s favourite beers was a response to […]

Zambia Loses Over $1.5bn In Premiums

Zambia Loses Over $1.5bn In Premiums

ESTHER MSETEKA, Lusaka ZAMBIA’S insurance sector lost over US$1.5 billion in premiums between 2009 and 2015 due to loop-holes in trade, the Insurers Association of Zambia (IAZ) has disclosed. IAZ president Paul Nkhoma said there are a lot of premium leakages in the country with significant amounts of insurance policies such as the payment of […]

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 […]

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