Kwacha continues on backfoot
• It has opened the market trading at K18.16 Ngwee and K18.51 Ngwee on the bid and offer respectively.• Depreciation of the Kwacha is a
Category : Local Business
Local Busines
ZRA collects K27.3 billion gross revenue in Q1
• This is compared to K26.5 billion collected during the same period last year.• Low VAT compliance is the major challenge ZRA is facing.• Lower
ZCCM-IH’s suspension on LSE will indirectly affect economy – Expert
• This is because there will be no income coming into the stock exchange where ZCCM-IH normally generates money from.• However, this will not kill
Zambia has influx of foreign investors externalizing profits – Analyst
• The country has an influx of foreign investors who externalize profits to their countries.• This is why most of them engage in tax avoidance
ZRA recovers over K3.5 million from FIC tax cases
• This is out of the K34.4 million issued in assessments to the taxpayers from January to March, 2023.• ZRA receives cases from the FIC
No reduction in fares for Kanyama, Sekelela routes – Association
• A number of routes are challenged because of a number of factors on the ground,• These routes are exposed to unfair business due to
Kwacha losses attributed to dwindled positive sentiments, drop in Copper prices
• During the spring meetings, there was hope that Zambia would get the debt restructured.• The positive sentiments influenced the money market.• Drop in Copper
ZDA registers 81 investment ventures valued at US$8.57 billion in Q1
• This is compared to 74 investment ventures recorded in the same period in 2022 with an investment of US$ 240.13 million.• The key sectors
Government urges new ZCSA Board not to chock businesses
• Government is working hard to revamp the economy.• The ZCSA Board must support the industry and businesses to thrive.• Ensure entities repent from ills
Zambia’s External Debt rose to US$13.96 billion as at December 2022
• Central Government External Debt rose to US$13.96 billion as at the end of December 2022• This is attributed increase to disbursements from multilateral creditors.•