Zambia Responds To Critics Of IMF Bailouts
LUSAKA - Zambia’s Ministry of Finance has disclosed that there are no hidden conditionalities being requested by the IMF in their recent bailouts to the copper rich nation.
Business
Zesa Tells Public To Brace For Extended Load-shedding
In a statement yesterday, Zesa said the Zambezi River Authority was resuming the rehabilitation works and the authority had asked the two power stations (Kariba North and Kariba South) to reduce output by taking some of their generation units out of service each day.
Zimbabwe scraps ethanol blending
HARARE – Zimbabwe’s energy regulator this week scrapped petrol blending as fuel prices went down in the process.
President Buhari Signs Nigeria’s Record 2022 Budget
ABUJA - Nigerian President Muhammadu Buhari on Friday signed off on his government's 2022 budget of a record 17 trillion naira ($41 billion, 37 billion euros).
Price surge hits China medicine sector
Major traditional Chinese medicine (TCM) companies raised TCM prices by up to 20% in December, CCTV reported on Tuesday.
Zambia increases Monetary Policy Rate to combat inflation
The Bank of Zambia announced that the Monetary Policy Committee (MPC) at its November meeting decided to raise the Monetary Policy Rate (MPR) by 50 basis points to 9.0 percent.
Musokotwane hails Indo Zambia Bank growth record
Finance minister Situmbeko Musokotwane has hailed Indo Zambia Bank, describing its growth as a success story.
Businesses Refusing Zimdollar Face Arrest
HARARE – Zimbabwe will not adopt the United States dollar as the country’s sole currency, but will work to progressively defend the value of the local unit, while businesses that refuse to accept the Zimbabwe dollar risk arrest, Finance and Economic Development Minister, Professor Mthuli Ncube, has said.
Moonlight Funeral Company In Court Over Debt Dispute
HARARE – A South African company has sued Zimbabwean funeral assurance firm, Moonlight Provident Associates, seeking to recover a US$180,000 debt for caskets it supplied, papers filed at the Harare High Court this week showed.
Central Bank Approves Black Market Rates
Retailers can continue to use parallel market exchange rates, Reserve Bank of Zimbabwe governor John Mangudya said in a statement issued on Monday.
