The U.S Fiscal Cliff analysed by Kampamba Shula

The U.S.A Fiscal Cliff Much has been debated recently in International media as well as in the U.S.A over the fiscal cliff. Democrats and Republicans are at longer heads to get to some amicable deal while the market limbos in uncertainty and businesses hold back on recruitment and capital expenditure. “Fiscal cliff” is the popular shorthand term used to describe...

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Rebasing the Zambian Kwacha analysed by Kampamba Shula

Rebasing the Zambian Kwacha On 23 January 2012, GRZ gave approval to BOZ’s recommendation to rebase the Zambian Kwacha. The change over date has been set for 1 January 2013.  •The rebasing will involve dividing the existing currency by one thousand (1,000). To illustrate, the current K50,000 note will become K50 following the rebasing exercise. ••The BOZ have...

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The Zambian Mining Industry Reviewed by Kampamba Shula

The Zambian Mining Industry Zambia plays an important role in the global copper mining industry. The country contains the largest known reserves of copper in Africa, holding 6 percent of known copper reserves in the world. The history of Zambia’s copper mining industry is one of decline followed by revival. From around 700,000 tonnes in the 1970s, copper production fell...

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Zambian 2013 Budget Reviewed by Kampamba Shula

Zambia Budget Review On 12 October 2012, the Minister of Finance, Hon. Alexander Bwalya Chikwanda, MP, announced the 2013 National Budget. Budget highlights and taxation and other changes as contained in the Budget speech and the Zambia Revenue Authority (“ZRA”) publication. The Government plans to spend K32.2 trillion to be financed by: ·         K24.7...

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