By Nawa Mutumweno – Zambia’s mining sector recorded a marked slow down in the period 2008 – 09 in the wake of the global economic crisis which led to reduced copper prices coupled with the closure of certain mining operations. The worst of the credit crunch seems to have passed with the country’s mining industry set for revival, evidenced by resumption of operations in mining firms that had gone on ‘production leave’ and new investments in the offing. A rise in copper prices was recorded on the world market during the first half of 2009 and most mining companies started... Continue Reading
Publish Date: Friday, August 13th 2010 |
By Nawa Mutumweno – Zambia’s dream of attaining 1 000 000 tonnes of copper production per annum is about to come true. Vedanta Resources’ Konkola Copper Mines (KCM) is the straight path through which the country intends to drive forward to this beckoning destination. One major milestone on the company’s operational terrain has been the official commissioning of the mid-shaft loading at No.4 Shaft of the Konkola Deep Mining Project (KDMP) on April 20, 2010, marking a major step towards the mining giant’s vision to increase its copper production to 500 000 tonnes annually by 2011. “Commencement of the mid... Continue Reading
Publish Date: Friday, August 13th 2010 |
By Nawa Mutumweno – To many a critic, Nitrogen Chemicals of Zambia Limited (NCZ) is a corporate has-been that should be disposed into the dust bin of history. To many economic analysts, sympathizers and the public at large, NCZ is a viable entity if only a dosage of investment of the right proportion is administered. Perhaps there is no other company in Zambia whose operations crosscut various facets of economic activity. NCZ has a bearing on the mining, agriculture and industrial sectors of the economy.. Established in 1970, with Japanese assistance (Kobe Steel), to supply ammonium nitrate explosive grade to... Continue Reading
Publish Date: Thursday, August 12th 2010 |
By Nawa Mutumweno One logo that really depicts what a company stands for is that of the National Housing Authority (NHA). It shines a ‘bright light’ on the mandate of the company to develop, build, manage and control housing estates in the country, among its other core functions. “Creating Wonderful Communities” is the vision of the re-branded NHA in its endeavour to contribute to reducing the housing deficit in the country. Anchored on Strategic Focus, Shared Vision and Values, Supportive and Connected Work Place, Symbol of Operational Efficiency, Speed of Execution and On Time Delivery, Satisfactory Business Results, Standards of... Continue Reading
Publish Date: Thursday, August 12th 2010 |
By Nawa Mutumweno Economic Overview Under the backdrop of economic resilience, the Government has decided to focus on, inter alia, the following principles in 2010:- – To overcome the current dip in economic growth and restore GDP growth to the pre-crisis trend levels of about 6% – To continue with the economic diversification programme – To continue the poverty alleviation measures – Continue to pursue business-friendly macroeconmic policies – Protect key social expenditures in sectors, such as education, health and road infrastructure – Continue to support the domestic growth drivers of Mining, Construction, Agriculture, Tourism and Wholesale and Retail Trade... Continue Reading
Publish Date: Thursday, August 12th 2010 |
