Business

THE Bank of Zambia lowered its Monetary Policy Rate by 25 basis points to 13.25 percent, citing improved inflation prospects and a stable kwacha. Governor Denny Kalyalya said the Monetary Policy Committee considered an expected favorable maize harvest and relative stability in th

Several traders at New Soweto Market suffered losses in the early hours of today after a fire destroyed a number of businesses near Namununga School opposite the market. The fire reportedly broke out around 03:00 hours and destroyed three makeshift restaurants and an electronics

AMOS KAWISHA Solwezi BARRICK Lumwana Mine has started constructing 2,000 houses for employees following the expansion of its operations. The mining giant has also concluded compensation procedures for 217 affected households. Barrick Lumwana Mine resettlement manager Mwango Mulam

MATHEWS MALAZIKA Lusaka GOVERNMENT has amended the definition of ‘public gathering’ from three people contained in the Public Order Act to seven in the Public Gathering Bill. Acting Leader of Business in the House Jack Mwiimbu said the amendment follows the public outcry and plea

By Hans Buchmann The Zambian Kwacha has been performing remarkably well against major international currencies, and in my view, this is not happening by chance. The strengthening of the Kwacha reflects growing confidence in Zambia’s leadership and governance. Investors are increa