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
Category : Markets
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
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
Zambia failing to finance social sectors owing to huge debt stock – Economist
• If the country is able to restructure its debt, most of the available resources will go towards financing the social sectors.• China’s positive response
TPAZ urges ZAFFICO to reduce timber prices by 10 percent
• ZAFFICO issue of hiking prices for timber should be done gradually.• Timber business becomes very difficult in the rainy season.• 25 percent is too
Smuggling of maize across borders worries BuyZed
• Government is making every effort to allow maize traders to export the commodity using the right procedures.• If smuggling of the commodity continues, there
Inaugural Capital Markets Master Plan launched
• Capital Markets Master Plan is a comprehensive long-term strategy which sets out the primary framework for Zambia’s Capital Markets development.• Zambia’s aspiration is to
Standard Chartered Bank posts US$ 4.8 Billion profit before tax in 2022
• The bank also recorded a return on tangible equity of 8.0 percent, up to 120 basis points in 2021.• The bank targets a return
Bank of Zambia to support lower interest Green Electricity Loans
• Bank of Zambia says it is currently working on Green Finance Loan guidelines.• This is to support lower interest Green Electricity Loans for the
Government has no intentions to push millers out of business – VEEP
• Government believes in the private sector as the engine of the country’s development.• Government will not crowd out the millers because they have the