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Still too soon for investors to go back in the water

Seven months after Zambia defaulted on $3bn of Eurobond debts, Western investors are warming up to the country once again. Bets on Zambian Eurobonds have driven prices back to pre-pandemic levels and international players such as Bank of Nevis have bought up stakes in the country’s banking industry. Ratings agency …

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Zambia implored to make tax changes

Zambian government has been urged to address impediments to investment inflows and production growth, and to guarantee stable tax policies. Zambia Chamber of Mines president Dr Godwin Beene this week said it was imperative to rectify negative investor perceptions of the mining sector in the country. “Our sector, like any …

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Infratel woos companies

Zambian companies have been encouraged to take advantage of Infratel’s telecommunications and ICT Infrastructure services to market and expand their businesses. Company CEO Freelance Bwalya said Infratel boosts of 1261 towers dotted in all provinces as well as other ICT equipment that was accessible to businesses including Small and Medium …

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FQM pays US$850 million in taxes, royalties, duties and fees

First Quantum Minerals (FQM) has paid more than US$850 million in taxes, royalties, duties and fees to government, community and infrastructure expenditure in 2020. The payments made to With operations in Australia, Finland, Mauritania, Panama, Spain and Turkey, and multi exploration prospects in a number of other countries, the payments …

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GoviEx, Hydro Tech sign drilling contract for Mutanga project

GoviEx Uranium Inc. has sealed a drilling contract with Hydro Tech Drilling & Exploration (Hydro Tech) to undertake exploration and resource delineation drilling programs on Mutanga Uranium project. “With the reissued Chirundu Mining Permit we are keen to get back to advancing our Zambian assets with the development of Mutanga. …

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