Taxation system vital for Zambia’s economy

The 2013 Economic Report by the Economic Commission for Africa (ECA) and the African Union (AU) on Africa says Zambia could improve its copper-dominated economy through improved taxation which would help grow other industries such as agriculture, agro-processing, manufacturing, tourism, industrial minerals and...

UK firm’s tax avoidance keeps Zambia locked in hunger, says ActionAid

The international charity organisation, ActionAid, says it stands by the findings of a year-long investigation into massive tax avoidance in Zambia by British sugar giant, Associated British Foods (ABF).
According to a report released by ActionAid entitled "Sweet Nothings", ABF's Zambian unit, Zambia Sugar, has made profits of US$123 million in Zambia since 2007 but...

Bank of Zambia directs business to start the dual display of prices

With only about one month before the rebased currency is introduced on the market, the Bank of Zambia has directed all business entities offering goods and services to the public to start the dual display of prices on December 1st to 31st 2012.

Zambia power firm to seek $2bn from UK and US investors

Zambia's state-owned power company, Zesco, plans to borrow $2-billion from investors in Britain and the United States to build new electricity projects, a company official said on Monday.
Zesco last month sent managers to Britain and the United States to sound out...

World Bank: Zambia Beef and Dairy Industry Show Potential for Poverty Reduction and Wealth Creation

Growth in Zambia’s beef and dairy industries could make a significant contribution to jobs and to prosperity for Zambians, particularly in rural areas, according to a forthcoming report from the World Bank and UK AID.
The report, What Would it Take for Zambia’s Beef and Dairy Industries to Achieve Their Potential, to be...

Zambia's Road Network Has Potential to Facilitate Trade

The Road Development Agency says Zambia has an extensive road network with potential to facilitate trade and commerce.
Making his presentation during the on-going African Road Maintenance Funds Association (ARMFA) annual general...

Powering Africa’s Progress

Its abundant water supplies and central geographical position amidst other African countries that make Zambia the perfect place for producing - and exporting hydro-electric power.
And as multi-billion-dollar plans for expanding the country’s power grid mature, the parastatal company, Zesco, is...

Indian educational institution interested in the Zambian market

Talentedge, INDIA’s leading and oldest education company showed interest in investing in Zambia and offering a different approach to education and training to the locals.
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Philips seeks larger African share

“We will set up distribution and routes to market and above all, by developing solutions and innovations which are relevant for the local needs. We will set up distribution and routes to market and above all, by developing solutions and innovations which are relevant for the local needs,” said Philips Electronics executive vice-president...

Financial literacy

The Zambian government is promoting financial literacy among all citizen regardless of their financial status, this financial inclusion initiatives is a step believed to be helpful for all Zambians to make the best out of the country's financial resources and products.

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