By Nawa Mutumweno – Zambia’s inflation rate has dropped to 6.9 percent in October from 7 percent the previous month due to a reduction in the annual food inflation rate. According to Central Statistical Office (CSO) director John Kalumbi, the annual food inflation rate decreased by a percentage point to 5.9 percent recorded in September. Speaking at a press briefing in Lusaka on October 31, 2013, Mr. Kalumbi said the non-food inflation increased by a percentage point to 8 percent in October from 7.4 percent in September. ‘’The annual rate of inflation, as measured by the All-items Consumer Price Index... Continue Reading
Publish Date: Wednesday, November 6th 2013 |
By Nawa Mutumweno – Aviation has proved to be a significant business and foreign exchange earner for many countries. Zambia is no exception. Any investment into this sector will definitely yield a healthy return for the country. Airports play an integral role in the development of the tourism industry, underscoring the importance of refurbishing the aviation facilities to ensure quality service to the discerning traveller and tourists, be they foreign or local. Zambia’s National Airports Corporation Limited (NACL) has embarked on an expansion and upgrade programme of the country’s four international airports to enhance competitiveness in the region and the... Continue Reading
Publish Date: Monday, September 30th 2013 |
By Nawa Mutumweno – Mopani Copper Mines Plc (MCM) has invested over K10 billion ($5 billion) in its mining operations in Kitwe and Mufulira on the Zambian Copperbelt. According to the mining conglomerate’s public relations manager Cephas Sinyangwe, among the highly-significant projects undertaken are the $323 million Synclinorium Shaft and the Smelter upgrade project. The Synclinorium Shaft will extend Nkana mine’s lifespan by another 25 – 30 years from the current expected depletion dates of the existing reserves at Mindolo North, South Ore Body (SOB) and Central Shafts of 2015, 2017 and 2018 , respectively. ‘’This will lead to securing... Continue Reading
Publish Date: Monday, September 30th 2013 |
By Nawa Mutumweno – The Zambian government continues with measures to diversify the economy through development of infrastructure and support to productive sectors, in particular agriculture, manufacturing and tourism. Preliminary data indicate that the overall performance of the economy was favourable in 2012, as real Domestic Product grew by 7.3 percent from 6.8 percent in 2011, This was mainly driven by growth in construction, manufacturing, and wholesale and retail trade sectors, according to the Bank of Zambia (BoZ) Annual Report 2012. Agriculture, Forestry and Fisheries Growth in the agriculture, forestry and fisheries sector slowed down to 7.1 percent from 7.7... Continue Reading
Publish Date: Monday, September 16th 2013 |
Lusaka, Zambia August 2013 – The NEPAD Business Foundation (NBF) and Agribusiness Forum (ABF) will host the first Southern African Agriculture Development Partnership Platform (SADDPP) Agriculture Conference in Zambia, bringing together the country’s agribusiness players and government bodies to deliberate on partnerships that can map out progressive development and investment in the sector. Formed in 2012 by the NBF, SAADDP is a private sector-led partnership platform aimed at identifying and removing barriers to agriculture development at the same time unlocking investment and trade bottlenecks in the sector. The objective of the platform is to mobilise, institutionalise and increase the voice... Continue Reading
Publish Date: Tuesday, August 27th 2013 |
