Category: Business
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Europe Day – celebrating our partnership with Zambia
EUROPE Day, celebrated every year on 9 May, refers to a pivotal moment in European history. In 1950, the then French Foreign Minister Robert Schuman proposed that six European countries, devastated by the World War II, pool together their critical coal and steel resources and thus exclude all possibility for future wars among them. This…
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Our mining taxes did not boost investor confidence – Musokotwane
MINISTER of Finance and National Planning Situmbeko Musokotwane says the government’s shift towards moderate mining taxes is to revitalise copper production and bolster investor confidence. Dr Musokotwane clarified that no tax breaks were offered to mining companies, but rather a tax structure aligned with global mining standards. He explained that previously, excessive taxes under the…
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Luanshya Copper Mine begins dewatering process at Shaft 28
Luanshya Copper Mine begins dewatering process at Shaft 2 LUANSHYA Copper Mine (LCM) has successfully conducted a trial run for the dewatering process at Shaft 28, marking a significant milestone in the revival of the dormant copper mine. The water extracted will eventually flow into the Kafue River, potentially easing Zambia’s load shedding challenges. Commencement…
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Parliamentarians take initiative to bolster food security
THE Coalition of African Parliamentarians on Human Rights and Animal Health (CAPAH) is taking a significant stride towards strengthening Zambia’s food security. They have secured 100 hectares of land in Kambopo for cultivating winter maize, aiming to reduce reliance on imported staples. This initiative aligns with President Hakainde Hichilema’s call for investment in irrigation farming.…
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Mkushi’s Nkumbi International College becomes model for sustainable agriculture
NKUMBI International College in Mkushi is a shining example of how education can be combined with practical skills to achieve sustainability and community development – it has transformed from being an idea into a thriving agricultural hub. Not only is the college self-sufficient through farming, but it’s also a source of sustenance for the surrounding…
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ZNS Imports mealie meal for DR Congo export
THE Zambia National Service (ZNS) has imported 520,000 bags of genetically modified organism (GMO) mealie meal for export to the Democratic Republic of Congo (DRC). Defense Minister Ambrose Lufuma confirmed the imports, which began in May 2023, are intended to mitigate Zambia’s domestic mealie meal shortage. The mealie meal is sourced from South Africa and…
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Zambia Invests K70 million in employer-led skills training to boost workforce
THE Zambian government, through the Technical Education, Vocational and Entrepreneurship Training Authority (TEVETA), has partnered with 22 companies in a K70 million initiative aimed at developing a more skilled and competitive workforce. This programme focuses on “employer-based training and apprenticeship contracts,” providing on-the-job training for over 4,300 employees across various sectors, including mining, energy, manufacturing,…
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CDF uplifts disabled youths, fuels entrepreneurial dreams
LUMEZI district in Eastern Province has witnessed a surge of hope for blind and deaf children, thanks to the government’s expanded Constituency Development Fund (CDF). Previously excluded, these 42 special needs students are now empowered to pursue education alongside their peers. The bright shining eyes and voiceless smiles painted on their little faces was a…
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BOZ commences payment of Investrust depositors
DEPOSITORS of Investrust Bank (in possession) will get part of their savings today until May 10, 2024 the Bank of Zambia has announced. The initial payment of K500, 000 will cater for the 90 percent deposits. On April 2, 2024, BOZ took possession of the Bank in line with the Banking and Financial Services Act…
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Brighter days coming as Zesco secures 1000 megawatts with Sky Power Global
WITH the eight hours of load shedding having a pinch at households and business, a ray of hope arises as ZESCO inked a monumental 1000 megawatts solar power purchase agreement (PPA) with Sky Power Global of the United Arab Emirates. This agreement marks a crucial milestone in Zambia’s Integrated renewable energy plan aimed at bolstering…