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Zambia in eye of self-imposed economic storm

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 …

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Courting sales tax – the dangers and opportunities for Zambia

If the controversial sections of Zambia’s Sales Tax Bill are not removed to adopt an orthodox sales tax regime complying with the known principles of a modern tax system, it will be in the public interest to continue with the current value-added tax (VAT) regime with variations that address government’s …

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Anglo American faces lawsuit for poisoning Zambia’s Kabwe town

Anglo American is facing a huge class lawsuit for its past corporate practices over lead poisoning in Zambia’s Kabwe town. Johannesburg-based attorneys Mbuyisa Moleele and London based human rights law firm Leigh Day are preparing the case and an application to certify a class action will be filed in Johannesburg …

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High court suspends KCM wind-up hearing pending appeal ruling

Zambia’s High Court on Tuesday suspended hearings on the winding up of Vedanta Resources’ local mining business until the Court of Appeal rules on the lower court’s refusal to let the matter go to arbitration, the provisional liquidator said. Vedanta has been locked in a dispute with the Zambian government …

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More Gemstone discoveries in readiness for Expo

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. …

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