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Changing the Mindset of the Reader

FINANCE Minister Alexander Chikwanda says Government does not inadvertently infringe the prerogatives and initiatives of the Bank of Zambia in its mandate of monetary policy.Speaking at the Bank of Zambia's 50th Anniversary International Symposium in Lusaka last week, Mr. Chikwanda said the normal or established practice is that the Treasury and the Bank discuss both fiscal and monetary approaches, which invariably interrelate with a view to achieving optimal harmonization.
Zambia Congress of Trade Union (ZCTU) has appealed to government to introduce windfall tax on sales of copper and increase mineral royalty tax from six to ten percent. ZCTU Secretary General Roy Mwaba said the revenues which will be collected from these will allow for an upward adjustment of the minimum taxable threshold which is proposed to move from the current K3000 to K4000 in line with the high cost of living. 

Kwacha down on FDI

11 June 2014 Hits: 1117
COMMERCE Trade and Industry Minister Robert Sichinga says the Kwacha cannot perform well on the market when there is recycling of capital and lack of Foreign Direct Investment (FDI). And Mr. Sichinga says the Africa Growth Opportunity Act (AGOA) has not served its purpose, because Zambia does not have the capacity to manufacture goods to export to the United States of America.   
 

ZAMBIA'S GDP STABLE

05 June 2014 Hits: 437
Zambia has a stable Gross Domestic Product (GDP) and has over the past five years cemented its position as one of Africa's rising stars, says First National Bank (FNB) International Chief Executive Officer Sizwe Nxasana.     

FNB launches branch in Chipata

26 February 2014 Hits: 682
Bank of Zambia (BoZ) Governor Michael Gondwe has commended the role that the First National Bank (FNB) is playing in the financial sector of this country since its incorporation five years ago.   

Fiscal stance unsustainable

21 January 2014 Hits: 1125

THE International Monetary Fund (IMF) says Zambia's current fiscal stance is unsustainable and fundamental reforms are needed to improve the current position.

 

LUSAKA – Copper production in Zambia, Africa's largest producer of the metal, rose to 915 773 t between January and November 2013, from 755 359 t in the corresponding period of 2012, the central bank said on Wednesday.

World Bank: Global economy at turning point

Safintra Zambia, a pioneer in introducing leading technologies and products in the Zambian market, has yet again lived up to this reputation– by introducing the new Saflok 700, a Concealed Fix Roofing technology in Zambia.  The challenge for most contractors and project managers  is maintaining efficiency without compromising on  excellence. This product ticks all the boxes.

 

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