Category: Business
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Statutory reserve ratio increased
The Bank of Zambia (BoZ) has increased the Statutory Reserve Ratio from 9 percent to…
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Zambia – World Bank unveil US$26.5 million Electricity Services Access Project Loan Facility
By John Chola The Zambian government has with support from the World Bank (WB) finally…
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India’s Adani slammed by $45 bln stock rout, clouding record share sale
Shares of India’s Adani Enterprises (ADEL.NS) sank nearly 20% on Friday as a scathing report…
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FQM records year-on-year increase in copper production at sentinel mine
(Langemead & Baker)-First Quantum Minerals has reported a year-on-year increase to 242,000 tonnes of copper…
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BAZ warns any further delays to resolve Zambia’s debt situation by second quarter of 2023 will exert more pressure on the kwacha and inflation
The Bankers Association of Zambia-BAZ- has warned that any further delays to resolve the country’s…
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British firms to invest US$2 billion in Zambia’s energy sector
(ZNBC)-Seven companies from the United Kingdom are investing TWO Billion dollars in setting up renewable…
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Businesses face toughest conditions in 22 months — PMI index
Zambia’s businesses face toughest conditions in 22 months due to challenging economic conditions and continued…
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World’s richest man promotes daughter to head Dior
(BBC)-The world’s richest man, Bernard Arnault, has appointed his daughter to head up fashion house…
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Amazon to axe 18,000 jobs as it cuts costs
Amazon plans to cut more than 18,000 jobs, the largest number in the firm’s history,…
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London Metal Exchange ends chaotic year with metal stockpiles perilously low
(Mining)-The London Metal Exchange will enter 2023 with the smallest available warehouse stockpiles in at…