Editor's PickPower and Politics

Central bank hikes statutory reserve ratio to 26%, fuel prices rise; see our top 10 stories of the week


In case you missed them, here are our top 10 stories of the week:

1. In a move seen as a desperate attempt to thwart the free-fall of Kwacha and rising inflation, the Bank of Zambia (BoZ) has hiked the Statutory Reserve Ratio (SRR) by nine percent to 26 percent. Read more…

2. Zambia’s external debt has reached US$14.3 billion as at end, September 2023, driven by continued costs on existing project loans largely from multilateral institutions. Read more….

3. Zambia’s fuel pump prices have surged to the highest since independence despite President Hakainde Hichilema’s rise to power on the promise of cheaper prices which he met at K17 per litre for petrol. Read more….

Read more: Govt denies Nawakwi’s claims GMOs sold in Zambia, inflation rises to 13.2%; see our top 10 stories of the week

4.Government has announced the handing over of Mopani Copper Mines (MCM) to the new investors by end of this month. Read more….

5. The Zambia Revenue Authority (ZRA) has taken over operations to collect Road Toll and Road Service Licence fees at Kazungula and Chirundu One-Stop-Border-Posts. Read more….

6. A total of 103 shop owners at Intercity Bus terminus have moved to the High Court to compel the Lusaka City Council to reduce monthly rentals from the exorbitant K1,500 to K300. Read more…

7. President Hakainde Hichilema has with immediate effect fired Timothy Katanekwa from the office of the judge of the high court for Zambia. Read more…

8. The Presidency has expressed regret at former president Edgar Lungu’s latest attacks on the character of his successor. Read more…

9. About 13 opposition political parties have accused President Hakainde Hichilema of unofficially declaring a state of emergency in Zambia. Read more…

10. Ninety-two students of Mapanza Institute of Health Sciences Limited have asked the Lusaka High Court to enter judgement in default of appearance and defence against the Institution. Read more…

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