ZCCM-IH shareholders approve dividend payout totaling K724 million
• This represents a year-on-year increase in profits of 154% 2022 and149% 2021.• Government will get K562 million.• The improved performance at Company level is
Category : Business
TI-Z expects government to reduce PAYE by 2.5% in 2024
• This should be done in a bid to alleviate the impact of the rising cost of living on the entire workforce.• TI-Z expects government
Zambia’s annual inflation soars to 12%, as country posts trade surplus
• On average, prices of goods and services increased by 12.0 percent between September 2022 and September 2023.• This was mainly due to price movements
Economist projects increase in inflation rate
• Inflation rate will go up although maybe not this month but next month.• Major drivers of inflation will be the exchange rate and increase
FRA pays out over K1 billion to maize farmers
• This is for the total quantity of maize purchased as at 25th September 2023 which is 343,013.60 metric tonnes.• The quantity is equivalent to
African Swine Fever puts pork value chain under threat
• Pig farmers should not hesitate to report to the nearest veterinary office upon noticing strange behavior on their animals.• The killing of over 500
Lowering MPR to 6.5 % can trigger higher inflation – Economist
• The call for the Central Bank to drop the MPR may be justifiable in certain circumstances.• However, the country is in a very difficult
Senior Economist attributes Kwacha depreciation to fuel, fertilizer imports
• The country has more demand for dollars to support importation of various goods and services like fertilizer and fuel.• Zambia is not producing enough
ZEMA approves two organic fertilizer blending plants in Chilanga
• The two projects are both proposed to be set up in Chilanga District of Lusaka Province.• The total cost is US$ 2,000,000 and US$
Cabinet approves 2024 budget, declaration of critical minerals
• 2024 Estimates of Revenue and Expenditure have been prepared in accordance with the Budget Policy Concept Paper.• Cabinet also approved the declaration of critical