CITI Bank has challenged journalists within the country to have an interest in reporting on matters of business and finance. Citi Bank head of Human Resource and Public Affairs Mabvuto Daka told the Lusaka Star in an exclusive interview after Citi Banks’ launch of the Citi Journalistic Excellence Awards (CJEA) that it was important for journalists to report accurately on business and finance. Mr. Daka said journalists are key in passing information and knowledge of the business field to the public.
Fastjet Airlines has officially commenced operations on their second international route from Dar-es-salaam which landed at Kenneth Kaunda International Airport on 1st February 2014 at about 11:47hrs Central African Time (CAT). Fastjet Marketing Director Jai Gilbert said it is a good to have launched services on this route, in support of the strong trade connection between Tanzania andZambia will ultimately strengthen their relations.
THE Bank of Zambia (BoZ) has maintained the policy rate for the month of December 2013 at 9.75 per cent, head of public relations Kanguya Mayondi has announced. He said this in a statement in Ndola last week that the committee noted that the recent developments in inflation have broadly been in line with expectations, as annual overall inflation was recorded at 7 per cent in November 2013.
Mtendere small scale business men and women have expressed worries over a newly opened Pick n Pay outlet in the area. The traders who were also part of the crowd which gathered to witness the openning of the store said that their businesses will be greatly affected because people will now be rushing to the newly opened shopping centre. Beulani Tembo, a business man in Mtendere said his business was now threatened because most of the people would be rushing to Pick n Pay store.
SOME Lusaka pork traders are grieved over the ban on movement and trade of pig and pork products in Lusaka Province. This was after the Minister of Agriculture, Corporative and Livestock, Bob Sichinga announced the ban explaining that the ban was due to an outbreak of African swine flue. One Lusaka City Market pork trader Florence Mulenga told the Lusaka Starin an interview that the ban would negatively affect her business.
THE 2013 Global Entrepreneurship Monitor (GEM) Sub-Saharan African Regional Report has shown that there is a positive correlation between education and a country’s entrepreneurship activities. Speaking when presenting findings of the report during the International Development Research Centre (IDRC) conference held in Lusaka, GEM executive director Mike Herrington said lack of basic education was a constraint on business development as it reduces a person’s efficiency and productivity.
UNIVERSITY of Zambia Development Studies lecturer says Zambia is emerging as a potential entrepreneurial society. Dr. Francis Chigunta, who is also the Zambian coordinator for Global Entrepreneurship Monitor (GEM) Consortium, says Zambia’s rapidly growing economy provided an enabling environment for the growth of entrepreneurship activities in the country.
Students at the University of Zambia have bemoaned the late delivery of the laptops by Mecer Zambia after having the money debited from their meal and book allowance. But Mecer Zambia has clarified that the delay had come about because the agreement was for the laptops to be delivered to registered students by Mecer within ten working days of receipt of the compiled and screened list by the Bursaries Committee.
ZAMBIA National Commercial Bank (ZANACO) and the University of Zambia (UNZA) have signed a Memorandum of Understanding (MoU) involving K180, 000 for the implementation of financial education and entrepreneurship capacity building. Speaking at the signing ceremony at UNZA, Zanaco managing director Martyn Schouten said the MoU would specifically benefit the University’s School of Agricultural Sciences. Mr Schouten said Zanaco’s focus on agriculture is part of the company’s strategy to enhance its business.
UNIVERSITY of Zambia (UNZA) traders have taken advantage of the removal of subsidies to peg prices at higher rates than they are outside the institution. This has raised concerns among students and questioned the methods used by UNZA traders to fix their prices. A second year student in the school of Education Alice Mwale, complained on the increase of commodity prices at the institution.