Kwacha depreciation negatively affecting local SMEs
• The continuous free falling depreciation of the Kwacha against major convertibles is quickly turning into a serious business nightmare.• Local small and medium businesses
Category : Business
Timber Producers applaud Government for reducing Timber prices
• Zambia Forestry and Forest Industries Corporation (ZAFFICO) reduces prices of Eucalyptus and Pine round wood• The move will enable ordinary Zambians to roof their
Kwacha hits K21 mark, threatens economic recovery
• The continued depreciation of the Kwacha is becoming of concern.• It threatens the recovery in terms of economic activity seen in the last two
Protracted debt restructuring continues to exert pressure on Zambian Kwacha
• This has put Zambia in a very difficult situation.• Investors are looking at the protraction of the debt restructuring process as a hindrance to
Foreign companies are free to borrow funds from Zambian lending institutions – Musokotwane
• Foreign companies have right to borrow funds from Zambian lending institutions as this helps boost country’s revenue base.• Government has no problem with Macro
ZAFFICO justifies hike in timber prices
• ZAFFICO in principle has only effected a 20 percent increment and not 25 percent.• The adjustment is cost reflective.• The corporation needs to run
Concessionaire was selected in line with PPP Act – RDA
• The selection was done in the spirit of fairness, equity and cost-effectiveness.• Macro Ocean Investment Consortium was conferred with the preferred bidder status in
FSD Zambia calls for gender responsive financial products, services
• Access to financial services is critical to economic growth and poverty reduction.• It is important to consider and appreciate how gender and social norms
Analyst calls for more investment in mining firms for enhanced copper production
• Copper prices are increasing steadily.• There is a lot of Copper that is under-utilized.• The mines are not operating at the most optimal levels
Kenya seeks to import 1 million metric tonnes of maize from Zambia, other countries
• Government will rely on commercial farmers to meet this demand.• Farmers must come on board and take advantage of this opportunity.• Initiatives such as