Zambia’s current debt situation may deter Investor Confidence

Zambia’s current debt situation may deter Investor Confidence »

29 Jul, 2015
Business

AN independent Economic Analyst has charged that Zambia’s current debt situation has the potential to scare away investors. Mr. Chisanga Lukusa, who is also a lecturer at the University of Zambia (UNZA) under the department of Developmental Studies said Zambia’s excessive debt may deter investor confidence stating that investors do not wish to invest in a highly indebted country.

East Park Mall Construction Workers bemoan unsafe working conditions

East Park Mall Construction Workers bemoan unsafe working conditions »

28 Jul, 2015
Business

East Park Mall Construction Workers have complained about the unsafe  conditions of their working environment. Construction Worker Felix kangwa revealed that most of them work without safety wear which puts their health at risk and is contrary to the laws of Zambia. Mr Kangwa complained that he feels sick while on duty due to him working without the safety wear.  

Over 20 foreign exhibitors expected at this years’s show

Over 20 foreign exhibitors expected at this years’s show »

28 Jul, 2015
Business

Agriculture and Commecial Society of Zambia (ACSZ) President Murray Anderson says more than 20 foreign exhibitors will participate in this year's show. Mr Anderson said the 89th Agriculture and Commercial will be held from 29 th July to 3rd August 2015 under the theme Innovation beyond the golden jubilee. He explained that the show will be officially opened on 1st August by the guest of honour, Malawian republican president Professor Arthur Petter Mutharika adding that judging of pavilions will run for two days.

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.  

Develop new farming methods, farmers urged

Develop new farming methods, farmers urged »

25 Jul, 2015
Business

A Lecturer at University of Zambia (UNZA) has called for the introduction of new farming methods if the country is to diversify its economy to agriculture. Dr. Orleans Mfune, who is a lecturer in the department of Geography, noted that the agriculture sector is very important to the development process of any country.  

Lusaka parents happy with LCC’s proposal to combat underage drinking

Lusaka parents happy with LCC’s proposal to combat underage drinking »

24 Jul, 2015
Business

A proposal by the Lusaka City Council (LCC) to introduce a policy that compels members of the public to produce National Registration Cards (NRC) on purchasing alcohol has cheered Lusaka parents. This policy proposal by LCC is a deliberate move aimed at reducing underage beer drinking in Lusaka. A parent and resident of Lusaka's Ngombe Township, Kunda Lwembe, welcomed the move by LCC and called on government to consider approving the proposal made by the local authority.

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.  

Graduates urged to be employers through entrepreneurship

Graduates urged to be employers through entrepreneurship »

29 May, 2015
Business

A University of Zambia (UNZA) lecturer has urged graduating students to consider venturing into entrepreneurship upon graduating from the institution. In an interview with the Lusaka star, Department of Development Studies lecturer McDonald Chanda observed that students should aim at creating employment and become their own bosses rather than aiming to graduate and work for someone.

Agric can be major source of FOREX – Economist

Agric can be major source of FOREX – Economist »

21 Nov, 2014
Business

A University of Zambia (UNZA) economics lecturer says agriculture can be a major source of foreign exchange if it was given more attention by government and other stakeholders.   In an interview with Lusaka star, Mr. Abson Chompolola said the country had the capacity to develop the agricultural sector to a point where it could contribute to the development of the country by bringing in the much needed foreign exchange.  

WFP launches ‘scaling up nutrition movement’.

WFP launches ‘scaling up nutrition movement’. »

17 Nov, 2014
Business

ZAMBIA through the World Food Program has launched the Scaling up Nutrition (SUN) Movement to develop nutrition in the country.   The SUN movement which was aimed at uniting governments, civil society, the United Nations’ donors, researchers and businesses in collective effort to develop and implement strategies that improve nutrition was founded on the principle that would allow everyone to have the right to food and good nutrition.