EconomyOctober 2, 2020

Daily FiZ – Friday 02/10
Story of the Day: When the Minister of Finance delivered his budget speech, he declared that the overall performance of the banking sector had received a grading of satisfactory despite increases in non-performing loans. Read more  Local Business and Finance Sponsored By Liquid Telecom Zambia has started talks with its bondholders a day after an […]

EconomyOctober 1, 2020

Daily FiZ – Thursday 01/10
Story of the Day: In his recent budget announcement for the fiscal year 2021, Minister of Finance Dr. Bwalya Ngandu stated that Zambia had experienced a trade surplus during the year 2020. However, it’s not the trade surplus that many would have hope for. Covid-19 had done its part in disenfranchising domestic and global supply […]

EconomySeptember 30, 2020

Daily FiZ – Wednesday 09/30
Story of the Day: The stock of government securities increased by 42.5% in 8 months to K114.3 billion with the capital raised targeted towards FISP, according to a statement from the Minister of Finance during the budget presentation. Read more  Local Business and Finance Sponsored By Liquid Telecom The Minister of Finance in Africa’s red […]

EconomySeptember 29, 2020

Daily FiZ – Tuesday 29/09
Story of the Day: Minister of Mines and Minerals Development Hon. Richard Musukwa, MP this weekend officially inaugurated Maamba Collieries Ltd.’s most recent acquisition, the state-of-the-art, high technology Surface Miner. Maamba Collieries Ltd thus becomes the first mining firm in Zambia to operate this state-of-the-art Surface Miner, which can be used to mine in layers by […]

EconomySeptember 28, 2020

Daily FiZ – Monday 28/09
Story of the Day: Zamleather is positioning itself to take advantage of opportunities being created in Zambia’s mining, industrial footwear and PPE markets, with the company increasing its production capacity while building on operational efficiencies. Read more  Local Business and Finance Sponsored By Liquid Telecom Zambia is planning another budget deficit blowout next year, making […]

Economy, OpinionSeptember 27, 2020

Fiscal’s view on the performance of the financial sector
When the Minister of Finance delivered his budget speech, he declared that the overall performance of the banking sector had received a grading of satisfactory despite increases in non-performing loans. “Sir, the overall performance and condition of the banking sector was rated as satisfactory as at July 2020”, read the statement from Hon. Dr. Bwalya […]

Economy, OpinionSeptember 27, 2020

A trade surplus? Really Covid?
In his recent budget announcement for the fiscal year 2021, Minister of Finance Dr. Bwalya Ngandu stated that Zambia had experienced a trade surplus during the year 2020. However, it’s not the trade surplus that many would have hope for. Covid-19 had done its part in disenfranchising domestic and global supply chains, therefore, impacting imports […]

Economy, OpinionSeptember 27, 2020

Capital Markets fund FISP; Minister of Finance
The stock of government securities increased by 42.5% in 8 months to K114.3 billion with the capital raised targeted towards FISP, according to a statement from the Minister of Finance during the budget presentation. “Mr. Speaker, the stock of Government securities increased to K114.3 billion as at end August 2020 from K80.2 billion as at […]

Economy, OpinionSeptember 26, 2020

KPMG 2021 Zambia Budget Highlights

Agriculture, Economy, Zambeef Products PlcSeptember 26, 2020

ZAMBEEF WELCOMES 2021 BUDGET PROPOSALS
Zambeef Products has welcomed government’s 2021 Budget plans to increase import tax on all beef, pork, and chicken products to boost and support local production and bring flexibility in the trade. In his speech during the 2021 budget presentation in Parliament on Friday (September 25, 2020), Finance Minister Dr Bwalya Ng’andu announced government would increase […]