ZESCO UNITED FC funding not affected by sponsor’s losses

ZESCO UNITED FC funding not affected by sponsor’s losses »

7 Aug, 2015
Sports

ZESCO’s funding of the company’s sponsored football club ZESCO United will not be affected by the loss of revenue that the company is expected to face due to load shedding. Speaking in an interview with the Lusaka Star, ZESCO team manager George Lwandamina has disclosed that the team’s expenditure was budgeted for long before the company started load shedding. “The team will not be affected in any way because all the expenditure was budgeted for and currently the team is doing well,” Lwandamina said.

ZESCO faces US$ 160m loss through load shedding

ZESCO faces US$ 160m loss through load shedding »

28 Jul, 2015
Business

The Zambia Electricity Supply Corporation (ZESCO) will lose over US$ 160 million as a result of the power deficit the country is experiencing.   Chief Government Spokesperson Chishimba Kambwili said US$ 97 million revenue loss will be as a result of reduced sales to customers and an additional US$ 70 million revenue loss will be due to reduced sales to distribution customers.  

Increased Load shedding and fuel prices worry Lusaka SMEs

Increased Load shedding and fuel prices worry Lusaka SMEs »

22 Jul, 2015
Business

SOME Lusaka based Small and Medium Scale Entrepreneurs (SMEs) have called on government through the Ministry of Mines and Energy to consider adjusting the prices of fuel downwards to allow them stay in business.   The entrepreneurs complained that increasing the cost of fuel when the country is currently grappling with challenges of load shedding is a blow to most small scale businesses.