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 : Local Business
Local Busines
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
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
Green Cities are now a reality – Gai’us King
The Bridge Consortium, a Zambian sustainable infrastructure development firm is developing a green city in North Western province to help open up the area for
Banks posted significant rise in profits in 2021, 2022 – BoZ
• Over 50 percent of that is coming from investment in government securities.• Part of the big investment in government securities had come during the
No bus fare increment for March – CRAZ
• There is a lot of uncertainty in terms of business.• CRAZ does not see any logic for operators to start talking about adjusting the