Kenneth Lutena | Zambia Monitor

Economy

Bank of Zambia appoints ZICB to manage depositors funds at failed Investrust Bank

The Bank of Zambia (BoZ) has announced the compulsory liquidation of Investrust Bank Zambia Limited and appointed Zambia Industrial Commercial Bank (ZICB) to ...

By Kenneth LutenaJuly 9, 20240

Power and Politics

‘Constitutional Fallacy,’ Chisanga faults sack of nine lawmakers, insists Hichilema responsible for crisis in PF

Patriotic Front (PF) Legal Chairperson, George Chisanga, has claimed that the decision by Deputy Speaker Moses Moyo is a ‘constitutional fallacy’ lacking legal ...

By Kenneth LutenaJuly 5, 20240

Economy

Zambian govt confirms World Bank’s additional grant of $207 million for social protection project

Secretary to the Treasury, Felix Nkulukusa, has announced that the World Bank has approved US$207.6 million additional financing for Zambia’s Scaling-Up Shock Responsive ...

By Kenneth LutenaJuly 2, 20240

Economy

Energy regulator, ERB, reduces petrol, diesel pump prices to K31.58, K29.34 respectively

The Energy Regulation Board (ERB) has adjusted downwards the price of petroleum products for the month of July 2024, citing an appreciation in ...

By Kenneth LutenaJuly 1, 20240

Economy

Mozambique, Zambia call for enhanced trade, collaboration in harnessing critical minerals

Mozambican President, Filipe Nyusi, has emphasised the need for Mozambique and Zambia to collaborate on harnessing critical mineral resources. Speaking at the opening ...

By Kenneth LutenaJune 30, 20240

Economy

Minister Kabuswe confirms all legal bottlenecks to takeover of Konkola Copper Mines by Vedanta now removed

Mines and Mineral Development Minister, Paul Kabuswe, has confirmed that Lusaka High Court has approved Konkola Copper Mines (KCM) creditors scheme of arrangements, ...

By Kenneth LutenaJune 30, 20240

Economy

12-hour power rationing remains, as hospitals, utilities, others set to benefit from presidential directive

ZESCO Limited says the 12-hour load management will continue given the low generation being experienced in the country. ZESCO Ndola Senior Regional Manager, Tom Daka, mentioned that ...

By Kenneth LutenaJune 29, 20240

Economy

Bank of Zambia to maintain tight monetary policy amid rising inflation

Bank of Zambia (BoZ) Deputy Governor (Operations), Francis Chipimo, has announced that it was challenging to abandon the tight monetary policy, given the ...

By Kenneth LutenaJune 29, 20240

Economy

Vedanta nears final takeover of Konkola Mine, reports indicate

Vedanta Resources is reportedly on the verge of taking back control of the Konkola copper mine in Zambia, with plans to quickly ramp ...

By Kenneth LutenaJune 29, 20240

Economy

Commerce Minister Mulenga advocates local production of urea fertilizer to boost economy

Commerce, Trade and Industry Minister Chipoka Mulenga has called for local production of urea fertilizers to conserve local resources. Speaking during a business ...

By Kenneth LutenaJune 28, 20240

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