Business

Zambia’s growth is projected to slow to 2% this year, reflecting a decline in mining sector activity, owing to policy uncertainty and the ongoing drought’s impact on the production capacity of the country’s hydropower plants, according to a press release published by the International Monetary Fund (IMF) last month. International …

Monze district expo committee has continued identifying areas of investment in readiness for the Southern Province Tourism and Investment Exposition.   District expo committee and council public relations officer Raymond Kanchele made mention that the team has continued to identify areas of investment as the big event nears its climax. …

President Edgar Lungu recently met Vedanta Chairman Anil Argawal at the request of the investor regarding the ongoing liquidation process of Konkola Copper Mine.   During the meeting, Argawal stated his desire to continue running the mine, pay debt owed to contractors and suppliers. Vedanta Chairman further added that he …

Recent reports have indicated that illegal gold miners in Zimbabwe accessing longstanding mines with inexpert tools are risking their lives.   These mines are said to be very unstable in most cases and flooded in some instances, which has inevitably led to a number of deaths over the past couple …

The Ministry of Mines has awarded Conquest Mining Contractors the mineral trading permit for business undertakings in various minerals.   In a media briefing, Conquest Mining Managing Director Kunda Chani made mention that time for complaints and talk is over but to get involved in the industry.   Kunda is …

Tektronix, Inc. has unveiled the six series low profile digitizer, the first 4-channel digitizer to offer up to 8 GHz bandwidth, 25 GS/s sampling rate and a 12-bit ADC on every channel, all in a space-saving 2U rack form factor.   In contrast to alternative digitizers that interleave sample rate, …

A team of Extractive Industries Transparency Initiative of Zambia (EITI) recently discovered Gold deposits in Mwinilunga district in the North-Western province of Zambia.   EITI team called on the Deputy Permanent Secretary of the province Douglas Ngimbu in Solwezi to disclose these findings.   Ngimbu says the discovery of this …

All commercial banks have been given an ultimatum to make adjustments on there Automated Teller Machines (ATMs) to enable smooth transactions involving new kwacha notes by this month end. The Bank of Zambia (BoZ) Director Lazara Kamanga has urged all profitable banks to finalise this so as to ensure that …

MOXICO Resource plc, a British firm, intends to invest over US$100 million in two mining projects on the Copperbelt and North Western provinces. The company has so far this year invested US$40 million on the projects. The two projects namely Mimbula and Kanengwa are in Chingola and Mufumbwe respectively. Moxico …

A survey report by the Small Medium Enterprises (SMEs) competitiveness indicated increased national demand, led by an emerging middle class and greater regional demand through Zambian’s membership in SADC, kept afloat the domestic manufacturing sector.   According to the report, diversifying and upgrading the sector was necessary to achieve the …