Zambian Government Debases Kwacha

The Zambian government has knocked off 3 zeros from the Kwacha,a move aimed at strengthening the local currency against major convertible currencies.Analyst Chibamba Kanyama highlighted the core issues like strong production,exports and fiscal discipline so that the zeros do not resurface. Finance minister Alexander Chikwanda says Debasing will reduce transaction costs associated...

Read More

Challenges facing Zambia Agricultural Commodities Exchange

Food Security  research  project Download Food and research project A few phrases from the report "While the institutional structures for addressing issues of contract compliance and shirking are in place at ZAMACE, they are under-utilized, inefficient, and fail to address some of the pressing needs of Zambian agricultural markets. Understanding how and why limited...

Read More

President Michael Sata urges Investors in Zambia and ZAMTEL workers not to panic

President Michael Sata has urged investors in Zambia and ZAMTEL workers not to panic or be used by individuals who have axes to grind with the Government and are peddling all kinds of lies as a cover for their crimes. The President has said that the PF Government’s primary duty was to be custodian of public interest and it therefore has a duty to correct falsehoods,...

Read More

Poverty levels still high – JCTR

THE Jesuit Centre for Theological Reflection (JCTR) says the cost of living in Zambia is still high, despite the inflation rate being stable in 2011. JCTR information officer Twaambo Kanene-Mwale says the Basic Needs Basket (BNB) analysis for 2011 shows that the cost of living remained consistently over K2.9 million for an average family of six. Mrs Kanene-Mwale said this...

Read More

Zambia freezes Libyan phone firm's bank accounts

Zambia's government has seized bank accounts belonging to telecoms group Zamtel, majority-owned by Libya's LAP Green Networks, as part of a money-laundering investigation, the company said on Friday. It denied any wrongdoing. "The authorities have no reasonable grounds whatsoever to believe that the moneys in the seized accounts and any other Zamtel accounts are from...

Read More

ZAMTEL Commission Report

The final report to President Michael Sata of the Commission of Inquiry into the sale of ZAMTEL. The Government has release this confidential report to foster transparency and encourage public debate on the future of ZAMTEL.  <a title="View Zamtel Commission Report - Government of the Republic of Zambia on Scribd" href="http://www.scribd.com/doc/78559670" style="margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style:...

Read More