Zambia: IMF advises Zambia to delay re-financing $2.8 billion of Eurobonds

Story from the Open Zambia Websiteimf

Zambia should delay its planned re-financing of $2.8 billion worth of Eurobonds until financing conditions ease, an International Monetary Fund representative said on Monday. Read More

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Zambia: Exam Fees Go Up

Story from the Zambia Reports WebsiteExamination Council of Zambia Logo

The Examination Council of Zambia has revised fees for candidates for next year’s exams. According to the new figures regular (internal) candidates at Grade 12 will pay… Read More

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Zambia: Intermarket Bank customers cry for their money

cusIntermarket banking corporation branch at farmers houseStory from the Lusaka Times Website

There were emotional scenes at Intermarket Banking Corporation branch at Farmers House in Lusaka on Wednesday a day after the Bank of Zambia closed the commercial bank. Read More

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Zambia: Stanbic Bank expects Inflation to pick up again in December

Story from the Lusaka Times WebsiteInflation

Standard Bank which trades in Zambia as Stanbic Bank says it expects the country’s annual inflation rate to pick up again in December 2016 after it dropped to single digit in November. Read More

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Zambia: Copper price rises to $6,000

Story from the Zambia Daily Mail Website

THE price of copper, Zambia’s main export earner, yesterday increased for a fourth COPPERday trading close to almost US$6,000 as investors poured funds into metals in expectation of inflation in China and the United States, and on signs of growing strength in the United States (US) manufacturing sector. Read More

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Zambia: Govt says load shedding hours have not reduced

Story from the Daily Nation Websiteload shedding

LOAD SHEDDING hours have not reduced because of the mechanical faults being experienced with equipment at Maamba Thermal Power plant, says Energy Minister David Mabumba. Read More

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Zambia: Mealie meal prices breaches the K100 per bag mark, likely to continue rising

Story from the Lusaka Times Websiteuntitled-169x300

Mealie meal prices in several parts of the country have hit an all-time high and are now selling at an historic high of more than K107 per 25Kg. Read More

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Zambia: ACC to open inquiry against dismissed Information Minister Chishimba Kambwili

Story from the Lusaka Times WebsiteSports-and-Youth-Minister-Chishimba-Kambwili.jpg

The Anti-Corruption Commission will soon start probing how dismissed Information Minister Chishimba Kambwili acquired so much wealth at a time he served in government. Read More

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Zambia: Ministry of Health to hire 2,000 health workers across the country

Story from the Lusaka Times Websitejobs

THE Ministry of Health has been given Treasury authority to employ close to 2,000 health workers across the country. Read More

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Malawi: Malawi calls for formal maize trade with Zambia as 3 million residents face hunger

Story from the Lusaka Times Website maize 1

Three million Malawians are expected to be hit with hunger this year following the poor rainfall received during the 2015/16 farming season. Read More

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Zambia: Inflation to drop to 8.7%

InflationStory from the Zambia Daily Mail Website

BANK of Zambia Governor Denny Kalyalya yesterday projected that inflation will decelerate to about 8.7 percent in the last quarter of 2016 because of fiscal consolidation and a stable exchange rate. Read More

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Zambia: More lose jobs as Shops close at Manda Hill

Manda_Hill

Story from the Lusaka Times Website

Hundreds are set to lose jobs in Lusaka as shops at the plush Manda Hill Shopping Mall have started shutting down due to a sharp hike in rentals and a slowdown in business. Read More

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Zambia:Kwacha suffers set back

Story from the ZNBC Website new kwacha notes

The Kwacha has suffered a marginal set back, having opened trading last week on a bullish run. ……….  The Zambia National Commercial Bank -ZANACO says demand for the dollar from importers and corporates has continued putting pressure on the kwacha. Read More

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