Bumba Mulenga | Zambia Monitor

Economy

Energy minister, Chikote, offers reasons why ZESCO failed to deliver seven-hour power supply even with higher tariffs

Energy Minister, Makozo Chikote, has attributed why ZESCO failed to meet its commitment of providing at least seven hours of daily power supply ...

By Bumba MulengaFebruary 19, 20250

Economy

Gemfields, women miners hail govt for lifting 15% export duty on precious stones

Gemfields, the majority owner of Kagem Mining Limited, has reportedly praised the Zambian government for swiftly suspending the 15 percent export duty on ...

By Bumba MulengaFebruary 19, 20250

Tech

Techbytes: Adopt Artificial Intelligence to survive, tech enthusiast advises businesses

Only businesses that prioritize Artificial Intelligence (AI) adoption currently will be better positioned to navigate the challenges and opportunities of the future, says ...

By Bumba MulengaFebruary 18, 20250

Economy

World Food Programme donates drones to enhance Zambia’s disaster response capabilities

The World Food Programme (WFP), with funding from the European Union (EU), has reportedly donated three drones to Zambia to improve the country’s ...

By Bumba MulengaFebruary 18, 20250

Economy

ZESCO says 29 power purchase agreements signed to diversify Zambia’s electricity generation mix

ZESCO Limited has reportedly signed power purchase agreements (PPAs) with 29 Independent Power Producers (IPPs) to diversify the country’s electricity generation mix and ...

By Bumba MulengaFebruary 18, 20250

Metro

UBA invests in peace in Africa, donates to AU’s peace fund

The United Bank for Africa (UBA) PLC has reportedly donated US$500,000 to the African Union (AU) Peace Fund, reaffirming its commitment to promoting ...

By Bumba MulengaFebruary 18, 20250

International

Nigerian banking stocks surge 12.24% as leaders raise over $662 million for capital boost

Nigerian banking stocks have experienced a significant surge since January 7, driven by several major lenders raising over ₦1 trillion ($662 million) from ...

By Bumba MulengaFebruary 18, 20250

Economy

Mines Contractors Association presses Mopani to expedite supplier certification process

The Mines Contractors and Suppliers Association (MCSA) has urged Mopani Copper Mines (MCM) to accelerate the registration and issuance of certificates to local ...

By Bumba MulengaFebruary 18, 20250

Economy

Bank of Zambia governor says cap on non-resident participation in govt securities hurting market

The Bank of Zambia (BoZ) has stated that limiting non-resident participation in the primary market for government securities to no more than five ...

By Bumba MulengaFebruary 18, 20250

ZM Index

Kwacha expected to stabilize as hard currency demand drops ahead of week’s trading activities

The Zambian Kwacha is expected to hold steady this week amid reduced demand for hard currency. This followed slight losses recorded against the ...

By Bumba MulengaFebruary 18, 20250

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