Category Archives: Economy

Zambia: BoZ is selling dollars to boost Kwacha-Miles Sampa

Story from the Lusaka Times Website

Opposition Democratic Front leader Miles Sampa says the recent appreciation of the Kwacha has nothing to do with an improvement in the state of the Zambian economy. Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Advertisements

Zambia: Free wi-fi coming to Lusaka

Story from the Lusaka Times Website
images

A South African consortium of companies, Edgy Nicollo Group, has shown interest in partnering with the Lusaka City Council in a pilot project to provide free wi-fi services to residents of Lusaka. Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Zambia: The Mongu-Kalabo road has been completed

Story from the Lusaka Times WebsiteMongu-Kalabo road

Avic International, the contractor on the 286.9 million US dollars project is this month expected to hand over the Multi Billion Kwacha project to Government. Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Zambia: Zambia Prisons Service Nets K6m from Milling Plant

Story from the Daily Nation Website

The Zambia Prisons Service (ZPS)’s Kalonga milling plant in Kabwe has earned the service K6 million in mealie meal sales since inception in 2014, as the service is heading towards self-sustainability in food production for inmates.

Prison overcrowding  …………“We still have a problem of overcrowding but we are trying to address the matter. Of course, it is not very easy to combat the problem because almost on a daily basis people walk in and out of prisons. While others are being discharged, others commit offences and are jailed,”  Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Zambia: Police To Get 10,000 Houses

Story from the Kopala Times Website

INSPECTOR-GENERAL of Police Stella Libongani says Government will build 10,000 houses for police officers.

Zambia Police
Zambia Police

“Through their service, on numerous occasions, which cannot be outlined, lives have been saved and property protected; crime has been detected and offenders brought to book. By this, communities have been made more secure resulting in individual development and the country economically through local and foreign investment,”  Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

 

 

Zambia: Power shortage to cost ZESCO US$167 million

Story from the Lusaka Times Website

The Zambia Electricity Supply Corporation (ZESCO) will lose over US$160 million as a result of the current power deficit the country is experiencing.Candle

…………The Minister said ZESCO Limited has been directed to revise the load-shedding programme from two to four hours on a daily basis adding that the programme will be implemented in an equitable manner to ensure that the burden is spread across all areas apart from essential services and operations.Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Zambia: Zambia’s Credit Rating Cut by Standard and Poor’s

Story from the Open Zambia WebsiteStandard & Poor’s ratings Chart

Zambia’s credit rating was cut by Standard & Poor’s, which warned of a rapidly widening budget gap and said elections may prevent the government from addressing it.

……………Zambia, Africa’s second-biggest copper producer, has been hit by a slide in prices and has scaled back plans to increase taxes on miners, adding to budget strains. The government has signaled it may sell as much as $2 billion of Eurobonds as it seeks to finance the deficit.  Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Zambia: ZESCO load shedding creates Lusaka Water rationing

The Lusaka Water and Sewerage Company has started Topsy Sikalinda in all parts of the province due to load shedding.

………….the company has however placed smaller sized pumps on diesel powered generators while all major distribution points requiring high amounts of power will remain affected.  Read More

Zambia: ZESCO is still exporting up to 90 megawatts – Yaluma

Story from the Lusaka Times Website

Government has disclosed that ZESCO is still exporting up to 90 megawatts of electricity despite the deficit that the country is currently experiencing.

Zesco_pylons……….Meanwhile, Chief Government Spokesperson Chishimba Kambwili has taken a swipe at Forum for Democracy and Development -FDD President Edith Nawakwi’s remarks on the electricity deficit.  Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Zambia: Heavy Load shedding Will Continue Until Rainy Season

Statement issued by ZESCO:

“This serves to clarify that the increased load shedding exercise is NOT as a result of ZESCO exporting power, Candlecontrary to comments from the general public. It should be made clear that the reason why we are unable to generate enough to meet the fast growing demand, is as a result of low water levels in our reservoirs. The situation will ONLY improve when water levels rise, that is to say, in the next rainy season. For now, members of the general public are advised to SERIOUSLY conserve power. ZESCO sincerely regrets the inconvenience the current situation may cause.”

ZESCO Zambia: Suspends The Export Of Power To Neighboring Countries

Story from the Kitwe Times WebsiteZesco_pylons

The Zambia Electricity Supply Corporation (ZESCO) has suspended the export of power to neighboring countries due to the current electricity deficit the country is facing.

“…………Lusaka and many other parts of the country have lately been experiencing load shedding of up to eight hours in a day” Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Zambia: Lodge owner apologises to Government for issuing an eviction order to Dr Kaseba

Story from the LusaDr_Simbyakulaka Times Website

Government has disclosed that former first Lady Dr Christine Kaseba was not evicted from 8 Reedbuck Lodge where she was staying after leaving State House. Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Zambia: ZESCO explains increased load shedding

Story from the Lusaka Times Website

Zesco LogoZESCO says it has been compelled to reduce generation at its major power stations resulting in a national capacity deficit of 560 Megawatts.

“………This therefore means that load shedding will be carried out on a rotational basis throughout the day, every day, in different areas. “  Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES

Zambia: Intercity bus terminus gutted

Story from the Zambia Daily Mail Website

terminus booths gutted
Picture from the Zambia Daily Mail Website

PROPERTY worth thousands of Kwacha was in the early hours of yesterday burnt to ashes at Intercity bus terminus in Lusaka after a fire swept through makeshift offices belonging to bus operators. Read More

CLICK HERE FOR MORE ZAMBIAN NEWS WEBSITES