EconomyJune 14, 2019

Daily FiZ – Friday 14/06
Domestic Vice President Inonge Wina says skills training and capacity building and qualified human capital are important elements in achieving economic growth. Read more: ZNBC Two mining companies on the Copperbelt have donated 3-hundred thousand Kwacha towards the successful hosting of the Copperbelt Investment Expo to be staged at the levy Mwanawasa stadium in Ndola. […]

Economy, OpinionJune 13, 2019

Minimizing cascading effects and sufficient implementation time key to successful Sales tax implementation: ZICA President
The success of the soon to be implemented General Sales Tax (GST) is largely dependent on implementing agencies ensuring that they minimize the cascading effects that could result along the value chains of goods and services as well as ensuring the sufficient time is allotted to the implementation process, according to ZICA President Jason Kazilimani. […]

Economy, Opinion, RetailJune 13, 2019

PRESS RELEASE: ZICA 2019 Q2 Media Briefing
Good Morning Ladies and Gentlemen, Welcome to the ZICA 2019 second quarter media briefing to discuss matters that affect the accountancy profession and the nation at large. In line with the Accountants Act of 2008, apart from our mandate of regulating the education and practice of the accountancy profession in Zambia, we have a statutory […]

Economy, OpinionJune 13, 2019

LUSE All Share Index falls to its lowest since October 2017
The Lusaka Securities Exchange All Share index fell 13.09% in one month as equity securities continued their under performance on the local exchange. This erosion took the index to its lowest level since October 2017. Equities globally have suffered over the last six months. The Zambian index appears not to have been spared over the […]

EconomyJune 13, 2019

Daily FiZ – Thursday 13/06
Domestic Commerce, Trade and Industry Permanent Secretary Kayula Siame says the Ministry is looking to support alternative financing for Small and Medium Enterprises. Read more: ZNBC Mansa Sugar Limited has projected a deficit in Zambians’ Sugar production by 2030 due to the growth in population and the increase of living standards for most Zambians which […]

EconomyJune 12, 2019

Daily FiZ – Wednesday 12/06
Domestic The World Food Programme-WFP- Executive Board has approved Zambia’s strategic Plan for 2019-2024 at a cost of 76 million united states dollars. Read more: ZNBC Euronext, minority shareholders of ZCCM-IH, says government’s move to arbitrarily liquidate Vedanta Resources’ Konkola Copper Mines (KCM) Plc was hastily done without preparation. Read more: Diggers Barclays Bank UK […

Economy, OpinionJune 11, 2019

Week 23 Stock Market Update (3rd to 7th June)
CEC Zambia led the pack in the first week of trading in June. Equity Market Performance In the week ended 07th June 2019, a total of 245,190 shares were transacted in 113 trades, yielding a market turnover of K339,100. Share price losses of K0.02, K0.05, K0.02, K3.50 and K0.02 were recorded in AEL Zambia, CEC […]

EconomyJune 11, 2019

Daily FiZ – Tuesday 10/06
Domestic First Quantum Minerals paid more than US$533 million (K5.6 billion) in taxes to the Zambian government in 2018, with an additional US$10 million spent on community and infrastructure projects. Read more: The Independent Observer Government has announced that it will approve Copperbelt Energy Corporation’s application to start importing electricity from South Africa. Read more: […

EconomyJune 10, 2019

Daily FiZ – Monday 10/06
Domestic Government says the investment of $360 million at Kenneth Kaunda International airport will help to revamp the economy. Read more: ZNBC Zambia Revenue Authority has vowed to collect Taxes highlighted in the Financial Intelligence Centre, report, once the Report is handed to them. Read more: ZNBC Vendanta Resources has appointed Nchito and Nchito a […]

EconomyJune 7, 2019

Daily FiZ – Friday 07/06
Domestic The Bank of Zambia has called on business entities and citizens to focus on opportunities that exist in the country amidst the economic challenges facing the country. Read more: ZNBC Minister of Commerce and Industry, Christoper Yaluma says government will not go ahead and sign the African continental free trade AfCFTA agreement until after […]