ZRA collects K238 million through Debt Recovery Unit
• K204 million was raised through government agents and K34 million through private appointed agents.• ZRA through the Debt Recovery Unit appointed all government spending
Tag : Government
Bank of Zambia raises its benchmark lending rate to 10%
• The bank has cited rising food inflation and the need to contain inflation expectations.• Inflation moved away from the current and projected target range
Economist urges government to prioritize manufacturing sector
• This is to ensure that Zambians appreciate benefits of the successful debt restructuring deal in the medium-term.• Results of the restructured debt cannot be
Debt rescheduling may reduce cost of living – JCTR
• Zambia’s debt burden crippled government’s budget.• This made it difficult to invest in infrastructure and social spending for the larger population living below the
Zambia needs rapid growth to attain Vision 2030 – Economist
• Stakeholders are concerned over low contribution to GDP by manufacturing, mining and agriculture sectors.• Zambia needs growth at a rapid speed for it to
CSPR calls for reduction in cost of producing mealie meal
• Government must also provide incentives for producing certain things like vegetables to help reduce the cost of living.• It is very sad that food
Government funds Muzala Samukonga’s medical expenses
Sustained an injury on 14 July 2023 Government has released funds for his medical treatment The Commonwealth champions is currently in Germany Zambian sprinter Muzala
Zambia did not maximize its growth in first half of 2023
• Government has continued to pursue a tighter monetary policy.• This has also seen interest rates being high, in trying to control inflation rate.• There
Expert urges government to continue investing in energy sector
• Electricity usage is increasing especially in the mining industry.• The country still needs to develop electricity capacity to be able to meet domestic and
Zambia saw less investment flows in first half – Economist
• The country did not record much investment flows because of the uncertainty of the debt restructuring deal.• Most investors were shifting their investments away