Adhere to electricity tariffs

The Ministry of Energy has called on mining companies across the country to adhere to the hiked electricity tariffs.   Minister of Energy David Mabumba  says about 30 percent of mining companies have remained adamant and are NOT paying according to the revised tariffs.   Mr. Mabumba has named the mining giants as Kalumbila,

TEVETA warns against misuse funds

    Minister of Higher Education Nkandu Luo has warned Technical Education, Vocational and Entrepreneurship Training -TEVET- to desist from misusing skills development funds.   Professor Luo says she will not allow TEVET to misappropriate funds meant for the development of human skills in trade training centers.   The Minister says it was shocking for TEVET

ZRA collects K7.19m

    The Zambia Revenue Authority -ZRA- has collected over 7-hundred and 19 million kwacha from tax amnesty programme since it was launched in April this year.   ZRA Commissioner-General, Kingsley Chanda says income tax and Value Added Tax-VAT- account for 72 per cent of the collected funds under the tax amnesty.   Mr. Chanda told

CEC’s restriction of power to MCM irk many

    Various stakeholders on the Copperbelt have expressed concern at the Copperbelt Energy Corporation -CEC's continued restriction of power supply to Mopani Copper Mines which has forced hundreds of miners to stay home since Friday.   Association of Mine Suppliers and Contractors President Augustine Mubanga says the restriction of power to Mopani Copper

Govt recognizes contractors

      Government says there is need to provide necessary support to local contractors for them to graduate to large scale level.   Speaking during a media briefing in Kasama district, Northern Province Minister Brian Mundubile said Government is working on modalities aimed at graduating local contractors from being subcontractors to main contractors.   Mr. Mundubile

Barclays Bank lending rates cut

    Commercial Banks in the country have started responding to the Bank of Zambia's Monetary Police Rate reduction.   On Monday Barclays Bank has announced that it has reduced its lending rate by 1.5 percent.   Barclays Bank Zambia Corporate Banking Director Banja Kayumba says the bank has reciprocated the Central Bank's 1.5 percent monetary

Chipata to have modern markets

    Government has set aside 1 point 3 Million Kwacha for modernisation of markets in Chipata Central Constituency in the Eastern Province.   Area Member of Parliament Moses Mawere says Government has already released some money of which part of it has been used to sink bole holes at three markets.   Mr. Mawerwe who

Stakeholders pressure commercial banks

    Various stakeholders have appealed to Commercial Banks to reduce their interest rates in view of Government's decision to reduce the policy rate and the statutory reserve ratio.   Last week the Bank of Zambia reduced the policy rate from 12.5 percent to 11 percent and further reduced the statutory reserve ratio from

MCM suspends operations

          Mopani Copper Mines has suspended operations at some of its facilities in Kitwe and Mufulira following the Copperbelt Energy Corporation -CEC's decision to restrict power supply to the mining firm over a tariff dispute.   Mopani Copper Mines Public Relations Manager Nebert Mulenga says the mining firm has however managed to evacuate

Kasama to have Protea Hotel

      Union Gold Zambia Limited, the owners of Protea hotels will construct Protea hotel in Kasama district - Northern Province.   Union Gold Zambia Limited Chairperson Mark O'donnell says land has already been allocated.   Mr. O'donnell who could not disclose how much it will cost to construct the hotel said the amount will be