The Bank of Zambia -BOZ- says the exchange rate will continue to be determined by the market forces. A statement issued by the Bank of Zambia Communications Division says this is the most appropriate way in which economic imbalances are resolved. The Central Bank says its utmost priority is to restore macroeconomic stability and revive […]
By Eng Geoffrey Chishimba Chiyumbe President Edgar Lungu in opening parliament on 11th September 2020, spoke about the need for innovation and resilience to drive our nation toward sustainable economic development. As daily power-cuts also called load shedding, become the new normal in Zambia, effects are being felt by households, farms and small businesses as […]
By ALICE NACHILEMBE Zambian Breweries (ZB) says that Cassava should be commercialized and industrialized as it is used in the manufacturing of various products. ZB Corporate Affairs Manager Ezekiel Sekele said the company has been working with Government and Luapula Province administration to help industrialize and commercialize cassava. Mr Sekele was speaking during a plenary […]
By JOHN SAKALA Notional Democratic Congress (NDC) NDC Vice Spokesperson Chipoka Mulenga says the sale of Ndola Line shouldn’t leave employees redundant. In a statement Mr Mulenga said reports say government through ZCCM-IH wants to sale Ndola Lime to private ownership. “As NDC we further demand to know if at all ZCCM-IH has become incompetent […]
By ALICE NACHILEMBE Vice President Inonge Wina has held talks with India’s Shree Vagmi Cotton Limited, which will invest US$7M in the next three years to build a factory that would process cotton lint in 2019 alone. Ms Wina who was accompanied by Zambia’s High Commissioner to India Judith Kapijimpanga had since toured Shree Vagmi […]
The internationally acclaimed Norwegian-African Business Association (NABA) has invited the Zambian business community to its annual business summit. And NABA has disclosed that its associates will attend the Chisamba Agritech Expo in April this year. This came to light earlier this week when Zambia’s Ambassador to Norway (on non-residential Rose Salukatula met NABA Managing Director, […]
By JOHN SAKALA Youths from Ndola specialised in making bamboo beads and ornaments are seeking for training empowerment from Nchanga Member of Parliament Chani Chilombo. The tree youths who are teachers from Ndola met Mr Chilombo today at Protea hotel in Chingola to sell out their proposal. They make bracelets, key holders, pens and several […]
Chililabombwe Member of Parliament Richard Musukwa has said he rejected the proposal by Konkola Copper Mines (KCM) to outsource its key units in Chililabombwe. Mr Musukwa said that he is not the only one against outsourcing but all KCM employees have not accepted the outsourcing and labour transfer. He said the idea of outsourcing is […]
The Independent Observer
Alice Nachilembe
