News Archives - American Chamber of Commerce

Government thanks the Chinese government for forgiving another debt totalling $70million.

Chinese ambassador to Zambia Li Jie announced the development when he paid a courtesy call on Copperbelt Minister Japhen Mwakalombe that the debt is in relation to a loan extended...

15 July, 2019

Zambia has not sold KCM to the Chinese-Richard Musukwa

Government says it has not sold Konkola Copper Mines -KCM- to Chinese owned Non-Ferrous Mining Company -CNFC- as is being alleged by some sections of the media. Mines Minister Richard Musukwa...

12 July, 2019

KCM operated at a loss – Mainsa

KONKOLA Copper Mines has conceded that it has been operating at a loss of over US$1 billion in the last seven years as a result of loss after tax, among other...

11 July, 2019

Lack of debt transparency and fiscal indiscipline continue to undermine Zambia’s economic performance

The Center for Trade Policy and Development says it continues to note the rapid accumulation of debt and consequent negative effects on Zambia’s economy. CTPD Researcher Bright Chizonde says poor Debt...

10 July, 2019

Investors rattled by takeover of Zambian mining operation

Zambia has stoked fears among businesses about the rule of law after the government oversaw the placement of a mining operation operated by India’s Vedanta into administration with plans to...

09 July, 2019

FRA sues Shared Resources Zambia Limited over US$110,850

THE Food Reserve Agency (FRA) has taken Shared Resources Zambia Limited and William Tamba to the Lusaka High Court seeking an order compelling the company to pay more than US$110,850...

08 July, 2019

Zambia Railways seeks US$ 922 million for 5 year rehabilitation plan-CEO

Zambia Railways says it is in the market seeking US$922 million capitalization for its 5 year rehabilitation planZambia Railways Chief Executive Officer Christopher Musonda revealed in an interview with Railways...

05 July, 2019

Chinese mining conglomerate poised to take over KCM from Vedanta

Chinese firm China Nonferrous Metal Mining Co (CNMC) is poised to take over KCM assets belonging to Vedanta Resources. According to Africa Mining Intelligence, the firm has ramped up its media...

04 July, 2019

West African countries choose new ‘ECO’ single trade currency

As part of its plans to make Africa a more integrated continent, leaders of the Economic Community of West African States (ECOWAS) have adopted the name 'ECO' for a planned...

03 July, 2019

World Bank Hands Over Solar Equipment to Zambia

The World Bank has handed over equipment worth US$3.6 million to the Ministry of Energy to assist in the identification of suitable points for solar and wind energy investments. The equipment...

27 June, 2019

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