Cost of living drops on food items
• This shows a decline of K301.65 Ngwee from the April basket which was K8, 743. • Prices of fruits such as apples, bananas and
Category : Commodities
ZACA nods VAT suspension on imported edible oil
• What government has done is long overdue. • This is one way of stabilizing the prices of Edible oils. • Government should consider extending
Kwacha continues taking downward trend
• In quarter 1, the Kwacha depreciated against the US dollar by 4.4 percent. • On a net basis, BoZ sold US$259.7 million compared with
Diesel shortage hits Lusaka, Southern Province
• The disruptions in supply of diesel are of great concern. • They have an adverse effect on normal business operations. • Some OMCs have
Rise in Copper prices elates President Lungu
• Rise in Copper prices is a good indication for the Mining industry. • Prices on the international market fell from $6, 165 per tonne
Cost of living still high
• JCTR Basic Needs and Nutrition Basket for March 2021 increased to K8, 644 from K8, 512 in February. • The rise by K132 is
Economist anticipate Kwacha rebound this week
• Last week the Kwacha performed relatively bad. • This was due to slow and low inflows from the energy, agriculture and manufacturing sectors. •
BOZ buys K345.6 million worth of Gold
• BOZ has bought 282.79 Kgs of gold since December, 2020. • 195.95 Kgs was purchased from Kansanshi Copper Mining, and 86.84 Kgs from Zambia
Kwacha losing value on weekly basis
• Kwacha has been seen loosing value on a weekly basis. • This has been noticed through increase in inflation rate because of not producing
Gold, Oil prices rise
Gold prices have rose more than 1% popping back up above US$1,700 with Spot gold up 1.2% to US$1,701.91 per ounce by 10:25 GMT. Further