• They promised that they are going to lower the cost of electricity.• Government cannot create jobs if they are talking about cost-reflective tariffs.• What is important is to restructure Zesco and ensure that there is no political influence. An…
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• Zambia will be hosting a technical IMF staff visit. • IMF staff will work with the Ministry to understand the key policies • The IMF team will also receive an update on the most recent economic developments Ministry of…
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• K200 million released as third-party payments to micro-finance institutions for the months of March and April 2021. • A further K55.3 million targeted at clearing third-party obligations to commercial banks up to June 2021. • Data reconciliation exercise for…
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• The contribution will be channeled through the Ministry of Finance. • The contribution is meant to help in addressing immediate COVID-19 pressing needs. • Zambia has continued to record increasing numbers of new COVID – 19 cases and the…
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• The two parties agreed that Zambia and IMF will continue policy talks. • Significant progress was made in detailing policy reform agenda to restore public finance and debt sustainability. • Zambia requested a formal IMF programme under the Extended…
Continue Reading • First quarter approved budget target for total revenues and grants, was projected to be K16.3 billion. • 2022 National Budget preparations and 2022-2024 Medium Term Budget Framework. commence. • All citizens are invited to make proposals on tax and…
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• Discussions were positive and constructive. • Exchanges will continue in the next few weeks towards an agreement on a policy package and a path to fiscal and debt sustainability. • Zambia requested a formal IMF program under the Extended…
Continue Reading • Ministry of Finance completes verification and reconciliation of repayments related to salaries for former Cabinet, Ministers. • Attorney General to submit details of repayments and outstanding amounts. • Double repayments will be refunded in line with public finance regulations.…
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• Minister of Finance, BoZ, and ZAM to find a solution to high cost of living. • Industries to be provided with Incentives to lower production costs. • High inflation and exchange rate should be addressed. Zambia Consumer Association (ZACA)…
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Transparency International Zambia (TIZ) says it is dismayed by revelations made before Public Accounts Committee that Ministry of Health failed to properly account for K63 million which remained from the K4.6 billion budget allocations it received from Ministry of Finance…
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