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IMF projects improved GDP

The International Monetary Fund (IMF) anticipates GDP growth, citing a hike from 3.4 percent recorded in 2016 to 4 percent in 2017, following the Fund’s recent countrywide tour. The Fund attributes the development to this year’s bumper harvest and increased hydroelectricity generation expected to boost economic activity more than previously …

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Yaluma persist on good relations with mining sector

The mines and minerals minister Christopher Yaluma’s appetite to cement relations with the extractive industry continues to build up, this year. Yaluma’s latest interaction with the industry is slated for CAMINEX/CBM-TEC 2017 slated at the Kitwe Showgrounds. The annual mining and agriculture jamboree has invited the minister to talk to …

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Botswana leads the pack on investment attraction

Investment Destination in Africa an independent research arm has named Botswana, as the most attractive destination. According to Investment Destination in Africa’s latest Investment Index Botswana scores highly based on a range of factors that include improved credit rating, current account ratio, import covers and eases of doing business The …

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US$1 billion investment for Konkola Copper Mines

Vedanta Resources developers of Konkola Copper Mines (KCM) have announced a 50-year blueprint for the integrated copper mine. With a budget of US$1 billion, the long term project is expected to grow KCM’s employment to 7000 jobs. “I want Konkola Copper Mines (KCM) to be the largest integrated copper producer …

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Two crane giants join forces

Konecranes has completed acquisition of Terex MHPS trading as Demag Cranes, Hoists, Material Handling and Ports Solutions. According to the company the acquisition will improve Konecranes’ position as a focused global leader in the industrial lifting and port solutions market, as the two crane brands share their considerable combined knowledge …

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Copper maintains steady trend

The copper price, which has remained strong on the global market, is expected to boost the Kwacha’s performance against the United States (US) dollar in the medium term, Cavmont Bank notes. On Friday, copper, which is Zambia’s major export earner, witnessed a price fall of one percent on the London …

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IMF projects economic improvement

International Monetary Fund says the country’s economic growth is expected to improve slightly to 3.5 percent in 2017. The Fund said sustaining the high inclusive growth in the future requires sound policies and reforms to improve competitiveness. IMF team welcomed the government’s fiscal consolidation plans which aim at putting public …

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New broom ready to turnaround Tazara

Government says investment of $1.2bn over five years needed Tanzania-Zambia Railway (Tazara) needs US$200 million for upgrade, as authorities seek to resuscitate the line to serve both the copper industry and passenger train. Bruno Ching’andu, Tazara’s new Managing Director said the money will be used for new rolling stock and …

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