EMERALD PRODUCTION WATCH TIPS $10 BILLION MINE-TECH HUB INITIATIVE TO HELP ZAMBIAN MINING LICENCE HOLDERS

by Michael Kaluba | Dec 13, 2024 | Business News

Emerald Production Watch of Zambia president Musa Kafimbwa says Zambia’s emerald sector is poised for a boost with the launch of Mine-Tech, an initiative aimed at raising $10 Billion for African Youth Mining Start-Ups. Technology and Science Minister Felix Mutati...

SAWMILLERS WORRIED ABOUT THREAT OF CLIMATE CHANGE ON ZAMBIA’S EFFORTS TO RESTOCK TIMBER AS DROUGHT PERSISTS

by Michael Kaluba | Dec 12, 2024 | Business News, Environment

The Zambia National Association of Saw-Millers says the ongoing drought in Zambia, exacerbated by climate change, is posing a significant threat to the country’s timber industry and may delay timber harvests thereby disrupting plans to stabilize timber stocks.Zambia...

ZIPAR SAYS ZAMBIA’S ECONOMY MAY NOT REBOUND NEXT YEAR IF CURRENT RAINY SEASON FAILS TO ADDRESS ONGOING ENERGY AND FOOD CHALLENGES

by Michael Kaluba | Dec 11, 2024 | Economy

The Zambia Institute for Policy Analysis and Research-ZIPAR- has hinted that the country’s economy may not rebound in 2025 if the performance of the current rainy season fails to address ongoing energy and food challenges as a result of the drought.According to...

GOVT PAYS OVER 60 PERCENT OF THE $800 MILLION DEBT OWED TO OMC’S FOR FUEL SUPPLY BEFORE REMOVAL OF SUBSIDIES

by Michael Kaluba | Dec 11, 2024 | Business News, Governance

The Zambian government has liquidated over 60% of the approximately $800 million owed to multinational oil marketing companies for fuel supply between 2019 and 2022. According to Oil Marketing Companies Association of Zambia-OMCAZ president Dr. Kafula Mubanga, the...

PETROLEUM TRANSPORTERS WARN OF HIKE IN PRICES OF GOODS AND SERVICES FOLLOWING IMPENDING INCREASE IN TOLL FEES AT KONKOLA TOLL PLAZA

by Michael Kaluba | Dec 10, 2024 | Business News, Economy

The Petroleum Transporters Association of Zambia has warned that the impending increase in toll fees at the Konkola Toll Plaza will increase prices for consumers of goods and services that rely on transporters who will pass on the costs.According to information...